| Product Code: ETC7551446 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s polymer modified bitumen import market in 2024 continued to be dominated by key exporters such as the USA, China, UAE, Japan, and India. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a high level, indicating a significant degree of market power among these countries. Despite the impressive compound annual growth rate (CAGR) of 18.94% from 2020 to 2024, the growth rate in 2024 saw a slight decline of -20.19%. This suggests a potential shift in market dynamics that importers and industry players should closely monitor.

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 India Polymer Modified Bitumen Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polymer Modified Bitumen Market Revenues & Volume, 2021 & 2031F |
3.3 India Polymer Modified Bitumen Market - Industry Life Cycle |
3.4 India Polymer Modified Bitumen Market - Porter's Five Forces |
3.5 India Polymer Modified Bitumen Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Polymer Modified Bitumen Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Polymer Modified Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in infrastructure development projects in India |
4.2.2 Increasing demand for durable and high-performance road construction materials |
4.2.3 Government initiatives to improve road quality and sustainability |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Lack of awareness and understanding about polymer modified bitumen |
4.3.3 Limited availability of skilled labor for application and maintenance of polymer modified bitumen |
5 India Polymer Modified Bitumen Market Trends |
6 India Polymer Modified Bitumen Market, By Types |
6.1 India Polymer Modified Bitumen Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Polymer Modified Bitumen Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 India Polymer Modified Bitumen Market Revenues & Volume, By Thermoplastic Elastomers, 2021- 2031F |
6.1.4 India Polymer Modified Bitumen Market Revenues & Volume, By Plastomers, 2021- 2031F |
6.2 India Polymer Modified Bitumen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Polymer Modified Bitumen Market Revenues & Volume, By Road Construction, 2021- 2031F |
6.2.3 India Polymer Modified Bitumen Market Revenues & Volume, By Roofing, 2021- 2031F |
7 India Polymer Modified Bitumen Market Import-Export Trade Statistics |
7.1 India Polymer Modified Bitumen Market Export to Major Countries |
7.2 India Polymer Modified Bitumen Market Imports from Major Countries |
8 India Polymer Modified Bitumen Market Key Performance Indicators |
8.1 Percentage of road projects using polymer modified bitumen |
8.2 Adoption rate of polymer modified bitumen in new road construction projects |
8.3 Percentage increase in research and development investments in polymer modified bitumen technologies |
9 India Polymer Modified Bitumen Market - Opportunity Assessment |
9.1 India Polymer Modified Bitumen Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Polymer Modified Bitumen Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Polymer Modified Bitumen Market - Competitive Landscape |
10.1 India Polymer Modified Bitumen Market Revenue Share, By Companies, 2024 |
10.2 India Polymer 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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