Europe Modified Bitumen (MB) Roofing Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 1.30 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Europe Modified Bitumen (MB) Roofing Market is experiencing significant growth due to its versatile application and increasing demand from industries. Modified bitumen, a form of asphalt, is widely used in the roofing industry for both residential and commercial applications. This roofing material is known for its durability, flexibility, and resistance to harsh environmental factors such as UV rays, water, and extreme temperatures. As the construction industry in Europe expands, the requirement for long-lasting and energy-efficient roofing solutions is driving the demand for modified bitumen roofing systems.
Modified bitumen roofing systems are primarily composed of asphalt that is enhanced with synthetic rubber or plastic polymers. This modification improves the performance of the material, making it more resistant to wear and tear. Industries like construction, manufacturing, and commercial buildings are increasingly adopting MB roofing due to its extended lifespan and low maintenance costs. Additionally, these systems are also eco-friendly, as they are made from recycled materials and can be fully recycled at the end of their lifespan.
As industries in Europe focus on sustainable building practices, the demand for energy-efficient roofing solutions is expected to rise. Modified bitumen roofing offers excellent thermal insulation, reducing energy consumption by preventing heat loss during colder months and minimizing heat absorption during warmer months. This energy efficiency is becoming a key requirement for both new construction projects and roof replacements across the region.
Furthermore, with the rise of urbanization and an increasing focus on green building certifications, MB roofing is also being recognized for its ability to support the installation of solar panels, adding to its appeal in the market. With a high performance-to-cost ratio, it is clear why industries are turning to this roofing material. The European market is set to grow, driven by these factors, as more industries recognize the benefits of modified bitumen systems in their roofing projects.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Europe 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 Europe 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. Europe Modified Bitumen (MB) Roofing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Modified Bitumen (MB) Roofing Market, By Type
6. Europe Modified Bitumen (MB) Roofing Market, By Application
7. Europe Modified Bitumen (MB) Roofing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Modified Bitumen (MB) Roofing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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