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Global Thermoplastic Elastomer Modified Asphalt Market Research Report 2025
Published Date: August 2025
|
Report Code: QYRE-Auto-7Y14059
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Global Thermoplastic Elastomer Modified Asphalt Market Research Report 2023
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Global Thermoplastic Elastomer Modified Asphalt Market Research Report 2025

Code: QYRE-Auto-7Y14059
Report
August 2025
Pages:99
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
Shell
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Baolirus
SK Energy
ExxonMobil
Breedon
Husky Energy
Guochuang Hi-tech
Nichireki
Total Bitumen
Associated Asphalt
Wright Asphalt Products

Thermoplastic Elastomer Modified Asphalt Market Size

The global market for Thermoplastic Elastomer Modified Asphalt was valued at US$ 9770 million in the year 2024 and is projected to reach a revised size of US$ 13240 million by 2031, growing at a CAGR of 4.5% during the forecast period.

Thermoplastic Elastomer Modified Asphalt Market

Thermoplastic Elastomer Modified Asphalt Market

Thermoplastic Elastomer Modified Asphalt (TEMA) is a type of asphalt binder that is enhanced by incorporating thermoplastic elastomer materials into the asphalt mixture. TEMA is a blend of bitumen (a primary component of asphalt) and thermoplastic elastomers, which are synthetic polymers that exhibit both rubber-like elasticity and plastic-like flow properties.
The addition of thermoplastic elastomers to asphalt binder improves its properties, making it more flexible and resistant to cracking and deformation. This modification enhances the overall performance of the asphalt, especially in challenging environmental conditions and heavy traffic areas.
Key benefits of Thermoplastic Elastomer Modified Asphalt (TEMA) include:
Enhanced Flexibility: TEMA provides increased flexibility to the asphalt, enabling it to better withstand temperature fluctuations and traffic-induced stress.
Crack Resistance: The addition of thermoplastic elastomers improves the resistance of the asphalt to cracking, extending the service life of pavements.
Improved Rutting Resistance: TEMA exhibits better resistance to rutting, which is the permanent deformation of asphalt caused by repeated traffic loads.
Better Adhesion: The modified asphalt binder exhibits improved adhesion to aggregate particles, contributing to better pavement performance.
Reduced Temperature Sensitivity: TEMA shows reduced sensitivity to temperature changes, which can minimize the risk of thermal cracking.
Market for Thermoplastic Elastomer Modified Asphalt (TEMA):
The market for Thermoplastic Elastomer Modified Asphalt (TEMA) has been growing steadily as it offers advantages over conventional asphalt binders in terms of performance and longevity. Some key factors contributing to the market"s growth include:
Road Infrastructure Development: Increasing investments in road construction and infrastructure projects drive the demand for high-performance asphalt binders like TEMA.
Maintenance and Rehabilitation: The use of TEMA in maintenance and rehabilitation projects can extend the life of existing pavements and reduce the need for frequent repairs.
Heavy Traffic Areas: TEMA is especially beneficial in areas with heavy traffic loads, such as highways, airport runways, and industrial zones.
Sustainable Infrastructure: TEMA"s ability to enhance pavement durability aligns with the focus on sustainable and long-lasting infrastructure solutions.
Regulatory Requirements: Some regions have specific regulations or specifications that encourage or mandate the use of modified asphalt binders like TEMA in certain applications.
As the demand for durable and high-performance road surfaces increases, the market for Thermoplastic Elastomer Modified Asphalt (TEMA) is expected to continue growing. Manufacturers of TEMA are likely to invest in research and development to develop new formulations and expand their applications to meet evolving industry needs.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Thermoplastic Elastomer Modified Asphalt, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermoplastic Elastomer Modified Asphalt.
The Thermoplastic Elastomer Modified Asphalt market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Thermoplastic Elastomer Modified Asphalt market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Thermoplastic Elastomer Modified Asphalt manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Thermoplastic Elastomer Modified Asphalt Market Report

Report Metric Details
Report Name Thermoplastic Elastomer Modified Asphalt Market
Accounted market size in year US$ 9770 million
Forecasted market size in 2031 US$ 13240 million
CAGR 4.5%
Base Year year
Forecasted years 2025 - 2031
by Type
by Application
  • Road Construction & Paving
  • Roofing
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Total Bitumen, Shell, SK energy, ExxonMobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Breedon, Baolirus, Husky Energy, Associated Asphalt, Wright Asphalt Products, Guochuang Hi-tech, Nichireki
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Thermoplastic Elastomer Modified Asphalt manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Thermoplastic Elastomer Modified Asphalt by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Thermoplastic Elastomer Modified Asphalt in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Thermoplastic Elastomer Modified Asphalt Market growing?

Ans: The Thermoplastic Elastomer Modified Asphalt Market witnessing a CAGR of 4.5% during the forecast period 2025-2031.

What is the Thermoplastic Elastomer Modified Asphalt Market size in 2031?

Ans: The Thermoplastic Elastomer Modified Asphalt Market size in 2031 will be US$ 13240 million.

Who are the main players in the Thermoplastic Elastomer Modified Asphalt Market report?

Ans: The main players in the Thermoplastic Elastomer Modified Asphalt Market are Total Bitumen, Shell, SK energy, ExxonMobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Breedon, Baolirus, Husky Energy, Associated Asphalt, Wright Asphalt Products, Guochuang Hi-tech, Nichireki

What are the Application segmentation covered in the Thermoplastic Elastomer Modified Asphalt Market report?

Ans: The Applications covered in the Thermoplastic Elastomer Modified Asphalt Market report are Road Construction & Paving, Roofing, Others

What are the Type segmentation covered in the Thermoplastic Elastomer Modified Asphalt Market report?

Ans: The Types covered in the Thermoplastic Elastomer Modified Asphalt Market report are SBS Modified Asphalt, Plastomer Modified Asphalt, SBR Modified Asphalt, Others

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1 Thermoplastic Elastomer Modified Asphalt Market Overview
1.1 Product Definition
1.2 Thermoplastic Elastomer Modified Asphalt by Type
1.2.1 Global Thermoplastic Elastomer Modified Asphalt Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 SBS Modified Asphalt
1.2.3 Plastomer Modified Asphalt
1.2.4 SBR Modified Asphalt
1.2.5 Others
1.3 Thermoplastic Elastomer Modified Asphalt by Application
1.3.1 Global Thermoplastic Elastomer Modified Asphalt Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Road Construction & Paving
1.3.3 Roofing
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Thermoplastic Elastomer Modified Asphalt Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Thermoplastic Elastomer Modified Asphalt Production Estimates and Forecasts (2020-2031)
1.4.4 Global Thermoplastic Elastomer Modified Asphalt Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Manufacturers (2020-2025)
2.2 Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Thermoplastic Elastomer Modified Asphalt, Industry Ranking, 2023 VS 2024
2.4 Global Thermoplastic Elastomer Modified Asphalt Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Thermoplastic Elastomer Modified Asphalt Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Product Offered and Application
2.8 Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Date of Enter into This Industry
2.9 Thermoplastic Elastomer Modified Asphalt Market Competitive Situation and Trends
2.9.1 Thermoplastic Elastomer Modified Asphalt Market Concentration Rate
2.9.2 Global 5 and 10 Largest Thermoplastic Elastomer Modified Asphalt Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Thermoplastic Elastomer Modified Asphalt Production by Region
3.1 Global Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Thermoplastic Elastomer Modified Asphalt Production Value by Region (2020-2031)
3.2.1 Global Thermoplastic Elastomer Modified Asphalt Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Thermoplastic Elastomer Modified Asphalt by Region (2026-2031)
3.3 Global Thermoplastic Elastomer Modified Asphalt Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Thermoplastic Elastomer Modified Asphalt Production Volume by Region (2020-2031)
3.4.1 Global Thermoplastic Elastomer Modified Asphalt Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Thermoplastic Elastomer Modified Asphalt by Region (2026-2031)
3.5 Global Thermoplastic Elastomer Modified Asphalt Market Price Analysis by Region (2020-2025)
3.6 Global Thermoplastic Elastomer Modified Asphalt Production and Value, Year-over-Year Growth
3.6.1 North America Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Thermoplastic Elastomer Modified Asphalt Production Value Estimates and Forecasts (2020-2031)
4 Thermoplastic Elastomer Modified Asphalt Consumption by Region
4.1 Global Thermoplastic Elastomer Modified Asphalt Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Thermoplastic Elastomer Modified Asphalt Consumption by Region (2020-2031)
4.2.1 Global Thermoplastic Elastomer Modified Asphalt Consumption by Region (2020-2025)
4.2.2 Global Thermoplastic Elastomer Modified Asphalt Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Thermoplastic Elastomer Modified Asphalt Production by Type (2020-2031)
5.1.1 Global Thermoplastic Elastomer Modified Asphalt Production by Type (2020-2025)
5.1.2 Global Thermoplastic Elastomer Modified Asphalt Production by Type (2026-2031)
5.1.3 Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Type (2020-2031)
5.2 Global Thermoplastic Elastomer Modified Asphalt Production Value by Type (2020-2031)
5.2.1 Global Thermoplastic Elastomer Modified Asphalt Production Value by Type (2020-2025)
5.2.2 Global Thermoplastic Elastomer Modified Asphalt Production Value by Type (2026-2031)
5.2.3 Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Type (2020-2031)
5.3 Global Thermoplastic Elastomer Modified Asphalt Price by Type (2020-2031)
6 Segment by Application
6.1 Global Thermoplastic Elastomer Modified Asphalt Production by Application (2020-2031)
6.1.1 Global Thermoplastic Elastomer Modified Asphalt Production by Application (2020-2025)
6.1.2 Global Thermoplastic Elastomer Modified Asphalt Production by Application (2026-2031)
6.1.3 Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Application (2020-2031)
6.2 Global Thermoplastic Elastomer Modified Asphalt Production Value by Application (2020-2031)
6.2.1 Global Thermoplastic Elastomer Modified Asphalt Production Value by Application (2020-2025)
6.2.2 Global Thermoplastic Elastomer Modified Asphalt Production Value by Application (2026-2031)
6.2.3 Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Application (2020-2031)
6.3 Global Thermoplastic Elastomer Modified Asphalt Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Total Bitumen
7.1.1 Total Bitumen Thermoplastic Elastomer Modified Asphalt Company Information
7.1.2 Total Bitumen Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.1.3 Total Bitumen Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Total Bitumen Main Business and Markets Served
7.1.5 Total Bitumen Recent Developments/Updates
7.2 Shell
7.2.1 Shell Thermoplastic Elastomer Modified Asphalt Company Information
7.2.2 Shell Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.2.3 Shell Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Shell Main Business and Markets Served
7.2.5 Shell Recent Developments/Updates
7.3 SK energy
7.3.1 SK energy Thermoplastic Elastomer Modified Asphalt Company Information
7.3.2 SK energy Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.3.3 SK energy Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.3.4 SK energy Main Business and Markets Served
7.3.5 SK energy Recent Developments/Updates
7.4 ExxonMobil
7.4.1 ExxonMobil Thermoplastic Elastomer Modified Asphalt Company Information
7.4.2 ExxonMobil Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.4.3 ExxonMobil Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.4.4 ExxonMobil Main Business and Markets Served
7.4.5 ExxonMobil Recent Developments/Updates
7.5 TIPCO ASPHALT
7.5.1 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Company Information
7.5.2 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.5.3 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.5.4 TIPCO ASPHALT Main Business and Markets Served
7.5.5 TIPCO ASPHALT Recent Developments/Updates
7.6 Colas
7.6.1 Colas Thermoplastic Elastomer Modified Asphalt Company Information
7.6.2 Colas Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.6.3 Colas Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Colas Main Business and Markets Served
7.6.5 Colas Recent Developments/Updates
7.7 Nynas
7.7.1 Nynas Thermoplastic Elastomer Modified Asphalt Company Information
7.7.2 Nynas Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.7.3 Nynas Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Nynas Main Business and Markets Served
7.7.5 Nynas Recent Developments/Updates
7.8 Gazprom Neft PJSC
7.8.1 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Company Information
7.8.2 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.8.3 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Gazprom Neft PJSC Main Business and Markets Served
7.8.5 Gazprom Neft PJSC Recent Developments/Updates
7.9 Breedon
7.9.1 Breedon Thermoplastic Elastomer Modified Asphalt Company Information
7.9.2 Breedon Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.9.3 Breedon Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Breedon Main Business and Markets Served
7.9.5 Breedon Recent Developments/Updates
7.10 Baolirus
7.10.1 Baolirus Thermoplastic Elastomer Modified Asphalt Company Information
7.10.2 Baolirus Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.10.3 Baolirus Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Baolirus Main Business and Markets Served
7.10.5 Baolirus Recent Developments/Updates
7.11 Husky Energy
7.11.1 Husky Energy Thermoplastic Elastomer Modified Asphalt Company Information
7.11.2 Husky Energy Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.11.3 Husky Energy Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Husky Energy Main Business and Markets Served
7.11.5 Husky Energy Recent Developments/Updates
7.12 Associated Asphalt
7.12.1 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Company Information
7.12.2 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.12.3 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Associated Asphalt Main Business and Markets Served
7.12.5 Associated Asphalt Recent Developments/Updates
7.13 Wright Asphalt Products
7.13.1 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Company Information
7.13.2 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.13.3 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Wright Asphalt Products Main Business and Markets Served
7.13.5 Wright Asphalt Products Recent Developments/Updates
7.14 Guochuang Hi-tech
7.14.1 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Company Information
7.14.2 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.14.3 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Guochuang Hi-tech Main Business and Markets Served
7.14.5 Guochuang Hi-tech Recent Developments/Updates
7.15 Nichireki
7.15.1 Nichireki Thermoplastic Elastomer Modified Asphalt Company Information
7.15.2 Nichireki Thermoplastic Elastomer Modified Asphalt Product Portfolio
7.15.3 Nichireki Thermoplastic Elastomer Modified Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Nichireki Main Business and Markets Served
7.15.5 Nichireki Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Thermoplastic Elastomer Modified Asphalt Industry Chain Analysis
8.2 Thermoplastic Elastomer Modified Asphalt Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Thermoplastic Elastomer Modified Asphalt Production Mode & Process Analysis
8.4 Thermoplastic Elastomer Modified Asphalt Sales and Marketing
8.4.1 Thermoplastic Elastomer Modified Asphalt Sales Channels
8.4.2 Thermoplastic Elastomer Modified Asphalt Distributors
8.5 Thermoplastic Elastomer Modified Asphalt Customer Analysis
9 Thermoplastic Elastomer Modified Asphalt Market Dynamics
9.1 Thermoplastic Elastomer Modified Asphalt Industry Trends
9.2 Thermoplastic Elastomer Modified Asphalt Market Drivers
9.3 Thermoplastic Elastomer Modified Asphalt Market Challenges
9.4 Thermoplastic Elastomer Modified Asphalt Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
FEATURED COMPANIES
Shell
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Baolirus
SK Energy
ExxonMobil
Breedon
Husky Energy
Guochuang Hi-tech
Nichireki
Total Bitumen
Associated Asphalt
Wright Asphalt Products
List of Tables
 Table 1. Global Thermoplastic Elastomer Modified Asphalt Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Thermoplastic Elastomer Modified Asphalt Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Thermoplastic Elastomer Modified Asphalt Production Capacity (K MT) by Manufacturers in 2024
 Table 4. Global Thermoplastic Elastomer Modified Asphalt Production by Manufacturers (2020-2025) & (K MT)
 Table 5. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Thermoplastic Elastomer Modified Asphalt Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Thermoplastic Elastomer Modified Asphalt Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Thermoplastic Elastomer Modified Asphalt, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Thermoplastic Elastomer Modified Asphalt as of 2024)
 Table 10. Global Market Thermoplastic Elastomer Modified Asphalt Average Price by Manufacturers (USD/MT) & (2020-2025)
 Table 11. Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Product Offered and Application
 Table 13. Global Key Manufacturers of Thermoplastic Elastomer Modified Asphalt, Date of Enter into This Industry
 Table 14. Global Thermoplastic Elastomer Modified Asphalt Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Thermoplastic Elastomer Modified Asphalt Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Region (2020-2025)
 Table 19. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Thermoplastic Elastomer Modified Asphalt Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 22. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) by Region (2020-2025)
 Table 23. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Region (2020-2025)
 Table 24. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) Forecast by Region (2026-2031)
 Table 25. Global Thermoplastic Elastomer Modified Asphalt Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Thermoplastic Elastomer Modified Asphalt Market Average Price (USD/MT) by Region (2020-2025)
 Table 27. Global Thermoplastic Elastomer Modified Asphalt Market Average Price (USD/MT) by Region (2026-2031)
 Table 28. Global Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 29. Global Thermoplastic Elastomer Modified Asphalt Consumption by Region (2020-2025) & (K MT)
 Table 30. Global Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Region (2020-2025)
 Table 31. Global Thermoplastic Elastomer Modified Asphalt Forecasted Consumption by Region (2026-2031) & (K MT)
 Table 32. Global Thermoplastic Elastomer Modified Asphalt Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 34. North America Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2025) & (K MT)
 Table 35. North America Thermoplastic Elastomer Modified Asphalt Consumption by Country (2026-2031) & (K MT)
 Table 36. Europe Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 37. Europe Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2025) & (K MT)
 Table 38. Europe Thermoplastic Elastomer Modified Asphalt Consumption by Country (2026-2031) & (K MT)
 Table 39. Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 40. Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption by Region (2020-2025) & (K MT)
 Table 41. Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption by Region (2026-2031) & (K MT)
 Table 42. Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 43. Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption by Country (2020-2025) & (K MT)
 Table 44. Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption by Country (2026-2031) & (K MT)
 Table 45. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) by Type (2020-2025)
 Table 46. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) by Type (2026-2031)
 Table 47. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Type (2020-2025)
 Table 48. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Type (2026-2031)
 Table 49. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Type (2020-2025)
 Table 52. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Type (2026-2031)
 Table 53. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Type (2020-2025)
 Table 54. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Type (2026-2031)
 Table 55. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) by Application (2020-2025)
 Table 56. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) by Application (2026-2031)
 Table 57. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Application (2020-2025)
 Table 58. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Application (2026-2031)
 Table 59. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Application (2020-2025)
 Table 62. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Application (2026-2031)
 Table 63. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Application (2020-2025)
 Table 64. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Application (2026-2031)
 Table 65. Total Bitumen Thermoplastic Elastomer Modified Asphalt Company Information
 Table 66. Total Bitumen Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 67. Total Bitumen Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 68. Total Bitumen Main Business and Markets Served
 Table 69. Total Bitumen Recent Developments/Updates
 Table 70. Shell Thermoplastic Elastomer Modified Asphalt Company Information
 Table 71. Shell Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 72. Shell Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 73. Shell Main Business and Markets Served
 Table 74. Shell Recent Developments/Updates
 Table 75. SK energy Thermoplastic Elastomer Modified Asphalt Company Information
 Table 76. SK energy Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 77. SK energy Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 78. SK energy Main Business and Markets Served
 Table 79. SK energy Recent Developments/Updates
 Table 80. ExxonMobil Thermoplastic Elastomer Modified Asphalt Company Information
 Table 81. ExxonMobil Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 82. ExxonMobil Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 83. ExxonMobil Main Business and Markets Served
 Table 84. ExxonMobil Recent Developments/Updates
 Table 85. TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Company Information
 Table 86. TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 87. TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 88. TIPCO ASPHALT Main Business and Markets Served
 Table 89. TIPCO ASPHALT Recent Developments/Updates
 Table 90. Colas Thermoplastic Elastomer Modified Asphalt Company Information
 Table 91. Colas Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 92. Colas Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 93. Colas Main Business and Markets Served
 Table 94. Colas Recent Developments/Updates
 Table 95. Nynas Thermoplastic Elastomer Modified Asphalt Company Information
 Table 96. Nynas Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 97. Nynas Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 98. Nynas Main Business and Markets Served
 Table 99. Nynas Recent Developments/Updates
 Table 100. Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Company Information
 Table 101. Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 102. Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 103. Gazprom Neft PJSC Main Business and Markets Served
 Table 104. Gazprom Neft PJSC Recent Developments/Updates
 Table 105. Breedon Thermoplastic Elastomer Modified Asphalt Company Information
 Table 106. Breedon Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 107. Breedon Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 108. Breedon Main Business and Markets Served
 Table 109. Breedon Recent Developments/Updates
 Table 110. Baolirus Thermoplastic Elastomer Modified Asphalt Company Information
 Table 111. Baolirus Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 112. Baolirus Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 113. Baolirus Main Business and Markets Served
 Table 114. Baolirus Recent Developments/Updates
 Table 115. Husky Energy Thermoplastic Elastomer Modified Asphalt Company Information
 Table 116. Husky Energy Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 117. Husky Energy Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 118. Husky Energy Main Business and Markets Served
 Table 119. Husky Energy Recent Developments/Updates
 Table 120. Associated Asphalt Thermoplastic Elastomer Modified Asphalt Company Information
 Table 121. Associated Asphalt Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 122. Associated Asphalt Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 123. Associated Asphalt Main Business and Markets Served
 Table 124. Associated Asphalt Recent Developments/Updates
 Table 125. Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Company Information
 Table 126. Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 127. Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 128. Wright Asphalt Products Main Business and Markets Served
 Table 129. Wright Asphalt Products Recent Developments/Updates
 Table 130. Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Company Information
 Table 131. Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 132. Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 133. Guochuang Hi-tech Main Business and Markets Served
 Table 134. Guochuang Hi-tech Recent Developments/Updates
 Table 135. Nichireki Thermoplastic Elastomer Modified Asphalt Company Information
 Table 136. Nichireki Thermoplastic Elastomer Modified Asphalt Specification and Application
 Table 137. Nichireki Thermoplastic Elastomer Modified Asphalt Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 138. Nichireki Main Business and Markets Served
 Table 139. Nichireki Recent Developments/Updates
 Table 140. Key Raw Materials Lists
 Table 141. Raw Materials Key Suppliers Lists
 Table 142. Thermoplastic Elastomer Modified Asphalt Distributors List
 Table 143. Thermoplastic Elastomer Modified Asphalt Customers List
 Table 144. Thermoplastic Elastomer Modified Asphalt Market Trends
 Table 145. Thermoplastic Elastomer Modified Asphalt Market Drivers
 Table 146. Thermoplastic Elastomer Modified Asphalt Market Challenges
 Table 147. Thermoplastic Elastomer Modified Asphalt Market Restraints
 Table 148. Research Programs/Design for This Report
 Table 149. Key Data Information from Secondary Sources
 Table 150. Key Data Information from Primary Sources
 Table 151. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Thermoplastic Elastomer Modified Asphalt
 Figure 2. Global Thermoplastic Elastomer Modified Asphalt Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Thermoplastic Elastomer Modified Asphalt Market Share by Type: 2024 VS 2031
 Figure 4. SBS Modified Asphalt Product Picture
 Figure 5. Plastomer Modified Asphalt Product Picture
 Figure 6. SBR Modified Asphalt Product Picture
 Figure 7. Others Product Picture
 Figure 8. Global Thermoplastic Elastomer Modified Asphalt Market Value by Application, (US$ Million) & (2020-2031)
 Figure 9. Global Thermoplastic Elastomer Modified Asphalt Market Share by Application: 2024 VS 2031
 Figure 10. Road Construction & Paving
 Figure 11. Roofing
 Figure 12. Others
 Figure 13. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) & (2020-2031)
 Figure 15. Global Thermoplastic Elastomer Modified Asphalt Production Capacity (K MT) & (2020-2031)
 Figure 16. Global Thermoplastic Elastomer Modified Asphalt Production (K MT) & (2020-2031)
 Figure 17. Global Thermoplastic Elastomer Modified Asphalt Average Price (USD/MT) & (2020-2031)
 Figure 18. Thermoplastic Elastomer Modified Asphalt Report Years Considered
 Figure 19. Thermoplastic Elastomer Modified Asphalt Production Share by Manufacturers in 2024
 Figure 20. Global Thermoplastic Elastomer Modified Asphalt Production Value Share by Manufacturers (2024)
 Figure 21. Thermoplastic Elastomer Modified Asphalt Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 22. The Global 5 and 10 Largest Players: Market Share by Thermoplastic Elastomer Modified Asphalt Revenue in 2024
 Figure 23. Global Thermoplastic Elastomer Modified Asphalt Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 24. Global Thermoplastic Elastomer Modified Asphalt Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 25. Global Thermoplastic Elastomer Modified Asphalt Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 26. Global Thermoplastic Elastomer Modified Asphalt Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 27. North America Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 28. Europe Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 29. China Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. Japan Thermoplastic Elastomer Modified Asphalt Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 31. Global Thermoplastic Elastomer Modified Asphalt Consumption by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 32. Global Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 33. North America Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 34. North America Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Country (2020-2031)
 Figure 35. U.S. Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 36. Canada Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 37. Europe Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 38. Europe Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Country (2020-2031)
 Figure 39. Germany Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 40. France Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 41. U.K. Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 42. Italy Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 43. Russia Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 44. Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 45. Asia Pacific Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Region (2020-2031)
 Figure 46. China Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 47. Japan Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 48. South Korea Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 49. China Taiwan Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 50. Southeast Asia Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 51. India Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 52. Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 53. Latin America, Middle East & Africa Thermoplastic Elastomer Modified Asphalt Consumption Market Share by Country (2020-2031)
 Figure 54. Mexico Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 55. Brazil Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 56. Turkey Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 57. GCC Countries Thermoplastic Elastomer Modified Asphalt Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 58. Global Production Market Share of Thermoplastic Elastomer Modified Asphalt by Type (2020-2031)
 Figure 59. Global Production Value Market Share of Thermoplastic Elastomer Modified Asphalt by Type (2020-2031)
 Figure 60. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Type (2020-2031)
 Figure 61. Global Production Market Share of Thermoplastic Elastomer Modified Asphalt by Application (2020-2031)
 Figure 62. Global Production Value Market Share of Thermoplastic Elastomer Modified Asphalt by Application (2020-2031)
 Figure 63. Global Thermoplastic Elastomer Modified Asphalt Price (USD/MT) by Application (2020-2031)
 Figure 64. Thermoplastic Elastomer Modified Asphalt Value Chain
 Figure 65. Channels of Distribution (Direct Vs Distribution)
 Figure 66. Bottom-up and Top-down Approaches for This Report
 Figure 67. Data Triangulation
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