Top 5 Vendors for Modified Bitumen until 2021 – A Competitive Analysis

Renewable energy

Key vendors to focus on construction and waterproofing solutions in the coming years.

Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global modified bitumen market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.

Competitive vendor landscape

The global market for modified bitumen is characterized by moderate competition among the leading vendors. These vendors focus on the manufacture of bitumen for different applications such as paving, roofing, industrial applications, and waterproofing. The market is subject to economic conditions in all the countries. Although the demand for modified bitumen for paving of roads and highways is high, vendors in the market also focus on the production of modified bitumen for building construction and waterproofing solutions.

According to Ajay Adikari, a lead analyst at Technavio for research on specialty chemicals, “Vendor performance in the global bitumen market is influenced by the public funding patterns across countries and the feasibility of operation. To outperform the competitors in the market, most of the vendors, such as Colas, specialize in the production and sale of polymer-modified bitumen, which further brings down the cost of installation.”

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Top five vendors in the modified bitumen market space


Colas focuses on road construction and maintenance along with the construction of other transport infrastructure. The company also operates in projects involving recreational facilities and urban development. It primarily operates in two segments: roads, as its main business, and specialized activities, including railways, road safety, waterproofing, and pipelines.

Key products: HINCOL CRMB 50, HINCOL CRMB 55, HINCOL 60.


Nynas engages in the manufacture and sale of specialty oil products. The company offers bitumen binders to be used in asphalt-based applications and other bitumen products that find their application in the construction of roads and industrial applications. The company also specializes in the manufacture of bitumen for roofing felts.

Key products: Nypol.

Royal Dutch Shell

Royal Dutch Shell operates through two broad segments: upstream and downstream. It engages in the extraction of crude oil, natural gas liquids, and natural gas and markets the same. It also extracts bitumen and offers refined products like diesel, aviation fuel, marine fuel, gasoline, bitumen, and sulfur. It operates in approximately 23 refineries and more than 750 supply points.

Key products: Shell Cariphalte.


Sika manufactures systems for protecting, damping, and bonding for the motor vehicle industry and the building sector. The company also focuses on the development and marketing of additives and admixtures as elements for cement, concrete, roofing systems, and mortar production. The products offered by the company are used in basements, tunnels, and underground garages.

Key products: Plastomeric bituminous membrane.


Total is an integrated oil and gas company. The company operates through three segments which include upstream, refining and chemicals, and marketing and services. The company has operational presence is around 100 countries.

Key products: Styrelf and Styrelf ECO².

A more detailed analysis is available in the Technavio report, Global Modified Bitumen Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.

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