Global polymer modified bitumen (PMB) market size was estimated at USD 7.67 billion in 2014 and is expected to witness significant growth over the next seven years owing to its rising demand from various application industries including road construction, roofing, adhesives and coatings. Increasing focus on infrastructure development from emerging economies will propel industry expansion over the next seven years. Shifting preference from using conventional bitumen towards PMB for asphalt overlay owing to superior properties and lower maintenance cost is expected to fuel growth. Changing climatic conditions and heavy traffic affects bitumen roads adversely, causing cracking and rutting. Every year, heavy investments are made as these roads need continuous maintenance. PMB requires substantial capital owing to high cost of the product. However, the product becomes cost effective over a period of time owing to the reduced number of maintenance lifecycle. Thermoplastic elastomers were widely used a bitumen modifiers accounting for over 60% of the volume share in 2014. Thermoplastic bitumen modifiers include ethylene-vinyl acetate (EVA), alpha-polyolefins (APO), atactic polypropylene (APP), and isotactic polypropylene (IPP). Styrene-butadiene-styrene (SBS) and styrene-butadiene rubber (SBR) are used as elastomeric materials. Improved ageing resistance, low temperature flexibility and resistance to permanent deformation by the addition of thermoplastic elastomers, particularly SBS, has resulted in driving growth. Economies including India are expected to lead the PMB market owing to the increasing consumption of the product over the past few years for existing as well as new infrastructure. India had the second largest road network globally and the National Highways Authority of India (NHAI) has planned to acquire 10,000 hectares of land in 2015-16 to speed up road construction in the country connecting towns and cities. TAPI Gas Pipeline, Turkmenistan; Myanmar Communications Network, Myanmar; KivuWatt, Rwanda; North-South Africa Corridor, Africa; Mombasa – Kigali Railway, Rwanda; Oyu Tolgoi Copper Ore Mine, Mongolia; and New Silk Road, Kazakhstan and are some of the key projects which are expected to augment the growth of PMBs. Agreements & partnerships along with new product launches by key players is expected to stimulate market expansion in the near future. In addition, improved product quality offered by PMBs is expected to drive the industry. However, volatile raw material prices due to fluctuations in crude oil prices are expected to restrain growth over the next seven years. 