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Asphalt is known as an asphalt additive, blended along with concrete components to produce asphalt concrete. In road construction, an asphalt additive is used as an adhesive. The asphalt additives are used as materials for waterproofing as well. Asphalt additives help reduce the expense of the life cycle, stripping, cracking, permanent deformation, raveling and thickness of pavement.
In developing countries such as India and China, the rise in demand for asphalt additives is led largely by the increase in road and construction activities. The construction of numerous national highways, expressways and airport runways boosts the market for asphalt additives throughout these nations. In addition, the increase in government spending by these countries in the construction of national highways and expressways throughout the world and the development of road networks in rural areas to provide last-mile connectivity are expected to drive the growth of the demand for asphalt additives.
The objective of the report is to estimate the size of the asphalt additives market and the future growth potential of the asphalt additives market across different segments, such as type and application, etc.
The base year considered for the analysis is 2019 and from 2018 to 2028 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the food & beverage and healthcare sectors, and increasing consumer understanding of health are the key drivers of the asphalt additives market in the coming years. The base year considered for the report is 2019, whereas the forecast period considered for the report is 2020 to 2028.
It is expected that heavy investments in the construction industry to meet the growing demand for industrial and residential infrastructure in the BRICS would boost overall demand in the respective countries, further complementing the growth of the global market for asphalt additives. Sporting events such as the 2016 Brazilian Olympics and the 2018 FIFA World Cup in Russia are expected to further drive construction development, generating requirements for asphalt additives. It is expected that the increase in government road construction projects in developed economies would positively drive the global market. Furthermore, environmental advantages over other traditional additives are expected to help global demand growth over the forecast period. Compared to other additives, asphalt additives such as cold-mix additives emit low to nil toxic fumes. The recent move to bio-based additives such as bio-asphalt binder and lignifame is expected to generate sufficient market opportunities.
Key Segments of the Global Asphalt Additives Market
Application type Overview, 2018-2028 (USD Million) (Kilo Tons)
Regional Overview, 2018-2028 (USD Million) (Kilo Tons)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Important Companies in Global asphalt additives market
Reasons for the study
What does the report include?
Who should buy this report?
Asphalt is known as an asphalt additive, blended along with concrete components to produce asphalt concrete. In road construction, an asphalt additive is used as an adhesive. The asphalt additives are used as materials for waterproofing as well. Asphalt additives help reduce the expense of the life cycle, stripping, cracking, permanent deformation, raveling and thickness of pavement.
In developing countries such as India and China, the rise in demand for asphalt additives is led largely by the increase in road and construction activities. The construction of numerous national highways, expressways and airport runways boosts the market for asphalt additives throughout these nations. In addition, the increase in government spending by these countries in the construction of national highways and expressways throughout the world and the development of road networks in rural areas to provide last-mile connectivity are expected to drive the growth of the demand for asphalt additives.
The objective of the report is to estimate the size of the asphalt additives market and the future growth potential of the asphalt additives market across different segments, such as type and application, etc.
The base year considered for the analysis is 2019 and from 2018 to 2028 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the food & beverage and healthcare sectors, and increasing consumer understanding of health are the key drivers of the asphalt additives market in the coming years. The base year considered for the report is 2019, whereas the forecast period considered for the report is 2020 to 2028.
It is expected that heavy investments in the construction industry to meet the growing demand for industrial and residential infrastructure in the BRICS would boost overall demand in the respective countries, further complementing the growth of the global market for asphalt additives. Sporting events such as the 2016 Brazilian Olympics and the 2018 FIFA World Cup in Russia are expected to further drive construction development, generating requirements for asphalt additives. It is expected that the increase in government road construction projects in developed economies would positively drive the global market. Furthermore, environmental advantages over other traditional additives are expected to help global demand growth over the forecast period. Compared to other additives, asphalt additives such as cold-mix additives emit low to nil toxic fumes. The recent move to bio-based additives such as bio-asphalt binder and lignifame is expected to generate sufficient market opportunities.
Key Segments of the Global Asphalt Additives Market
Application type Overview, 2018-2028 (USD Million) (Kilo Tons)
Regional Overview, 2018-2028 (USD Million) (Kilo Tons)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Important Companies in Global asphalt additives market
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Asphalt Additives Market by Type
5.1 Introduction
5.1.1 Type
5.1.1.1 Polymeric Modifiers
5.1.1.2 Anti-Strip & Adhesion Promoters
5.1.1.3 Emulsifiers
5.1.1.3 Chemical Modifiers
5.1.1.3 Rejuvenators
Chapter 6 Asphalt Additives Market by Application
6.1 Introduction
6.2 Road Construction and Paving
6.3 Roofing
6.4 Airport Construction
Chapter 7 Asphalt Additives Market by Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Customer Targeting
Chapter 9 Company Profiles
(Overview, Products and Services Portfolio, Recent Initiatives, Company Financials, SWOT)
9.1 Nouryon
9.2 Arkema SA
9.3 Honeywell International Inc.
9.4 Evonik Industries
9.5 Kraton Corporation
9.6 BASF SE
9.7 Ingevity Corporation
9.7 Arrmaz
9.8 DowDuPont Inc.