| Product Code: ETC5735784 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Iceland modified bitumen market witnessed a steady increase in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 5.35%. However, there was a slight decline in the year-on-year growth rate to -2.69% in 2024 compared to the previous year, indicating a slowdown in import growth during that period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Modified Bitumen Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Modified Bitumen Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Modified Bitumen Market - Industry Life Cycle |
3.4 Iceland Modified Bitumen Market - Porter's Five Forces |
3.5 Iceland Modified Bitumen Market Revenues & Volume Share, By Modifier Type, 2022 & 2032F |
3.6 Iceland Modified Bitumen Market Revenues & Volume Share, By Application Method, 2022 & 2032F |
3.7 Iceland Modified Bitumen Market Revenues & Volume Share, By End Use Industry, 2022 & 2032F |
4 Iceland Modified Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in Iceland |
4.2.2 Growing demand for durable and long-lasting road surfacing materials |
4.2.3 Government initiatives promoting the use of modified bitumen in construction projects |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of modified bitumen |
4.3.2 Environmental concerns related to bitumen production and use |
4.3.3 Competition from alternative road surfacing materials |
5 Iceland Modified Bitumen Market Trends |
6 Iceland Modified Bitumen Market Segmentations |
6.1 Iceland Modified Bitumen Market, By Modifier Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Modified Bitumen Market Revenues & Volume, By SBS, 2022-2032F |
6.1.3 Iceland Modified Bitumen Market Revenues & Volume, By APP, 2022-2032F |
6.1.4 Iceland Modified Bitumen Market Revenues & Volume, By Crumb Rubber, 2022-2032F |
6.1.5 Iceland Modified Bitumen Market Revenues & Volume, By Natural Rubber, 2022-2032F |
6.2 Iceland Modified Bitumen Market, By Application Method |
6.2.1 Overview and Analysis |
6.2.2 Iceland Modified Bitumen Market Revenues & Volume, By Hot Asphalt, 2022-2032F |
6.2.3 Iceland Modified Bitumen Market Revenues & Volume, By Cold Asphalt, 2022-2032F |
6.2.4 Iceland Modified Bitumen Market Revenues & Volume, By Torch-Applied, 2022-2032F |
6.3 Iceland Modified Bitumen Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Iceland Modified Bitumen Market Revenues & Volume, By Road Construction, 2022-2032F |
6.3.3 Iceland Modified Bitumen Market Revenues & Volume, By Building Construction, 2022-2032F |
7 Iceland Modified Bitumen Market Import-Export Trade Statistics |
7.1 Iceland Modified Bitumen Market Export to Major Countries |
7.2 Iceland Modified Bitumen Market Imports from Major Countries |
8 Iceland Modified Bitumen Market Key Performance Indicators |
8.1 Average project size using modified bitumen |
8.2 Percentage of road construction projects using modified bitumen |
8.3 Adoption rate of modified bitumen technology in road maintenance projects |
9 Iceland Modified Bitumen Market - Opportunity Assessment |
9.1 Iceland Modified Bitumen Market Opportunity Assessment, By Modifier Type, 2022 & 2032F |
9.2 Iceland Modified Bitumen Market Opportunity Assessment, By Application Method, 2022 & 2032F |
9.3 Iceland Modified Bitumen Market Opportunity Assessment, By End Use Industry, 2022 & 2032F |
10 Iceland Modified Bitumen Market - Competitive Landscape |
10.1 Iceland Modified Bitumen Market Revenue Share, By Companies, 2025 |
10.2 Iceland Modified Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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