Modified Bitumen (MB) Roofing Market size was valued at USD 5.62 Billion in 2024 and is projected to reach USD 8.21 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
The global Modified Bitumen (MB) Roofing Market was valued at approximately USD 3.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. This growth is driven by the increasing demand for durable and cost effective roofing materials, particularly in residential and commercial construction sectors. Modified Bitumen roofing is renowned for its versatility, long lasting performance, and resistance to harsh weather conditions, making it a preferred choice across various regions. The market is experiencing steady demand in emerging economies due to urbanization and infrastructural development. The market size for 2023 is expected to reach USD 3.6 billion and is anticipated to surpass USD 5.2 billion by 2030.
Regionally, North America holds the largest market share, accounting for over 35% of the global market in 2022, primarily driven by high demand in the U.S. and Canada for roofing solutions in both commercial and residential buildings. Europe follows closely, with countries like Germany, France, and the UK contributing significantly to the region’s market share, particularly due to stringent environmental regulations that favor energy efficient roofing. In the Asia Pacific region, countries such as China and India are expected to witness substantial growth in the coming years, fueled by rapid industrialization, urban growth, and infrastructure development. The Middle East and Africa region is also poised for significant growth, with the demand for MB roofing rising due to an increase in construction projects and the need for roofing solutions that can withstand extreme weather conditions.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Modified Bitumen (MB) Roofing Market
Residential Roofing
Commercial Roofing
Industrial Roofing
SBS Modified Bitumen
APP Modified Bitumen
Construction
Infrastructure
Industrial Applications
Hot Applied
Cold Applied
Self-Adhering
Standard Thickness
High Thickness
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Modified Bitumen (MB) Roofing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Modified Bitumen (MB) Roofing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Modified Bitumen (MB) Roofing Market, By Type
6. Global Modified Bitumen (MB) Roofing Market, By Application
7. Global Modified Bitumen (MB) Roofing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Modified Bitumen (MB) Roofing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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