The Asphalt Additives Market is projected to grow at a CAGR 4.19% rate during the forecast period. Increasing infrastructure developments in the Asia Pacific region, recyclability of asphalt, development of warm-mix asphalt, and increasing use of asphalt in roofing applications together are contributing in the growth of the market across the globe.The
polymeric modifier segment is projected to grow at the highest CAGR during the forecast period. Polymeric modifiers are used to improve the flexibility and durability of asphalt pavements. Raw materials required in the preparation of polymeric modifier are easily available, and hence preferred over its alternatives.
The road construction & paving segment is projected to grow at the highest CAGR during the forecast period. Increased investment in infrastructure including construction of new highways and freeways by governments of emerging countries like China, India, Malaysia, and has led to the growth of the asphalt additives application segment in APAC.
The hot mix technology segment of the asphalt additives market is expected to dominate the market. Its durability, moisture resistance and thermal cracking, excellent workability and skid resistance properties have led to growth of hot mix technology within asphalt additives market
Asia Pacific region is estimated to be largest market for asphalt additives in 2018, and this trend is expected to continue during the forecast period due to increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia Pacific region attributed to innovation, along with industry consolidations in Asia Pacific asphalt additives market.
Key players in the asphalt additives market are Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation (US), Arrmaz (US), BASF SE (Germany), Kao Corporation (Japan).
Key Questions Addressed by the Report
- How developments were undertaken by various companies are expected to affect the asphalt additives market in the mid- to long-term?
- What are the upcoming industry applications of asphalt additives?
- What is the impact of changes in government policies on the asphalt additives market?
- What is the estimated size of the asphalt additives market in 2019?
- What are the different applications of asphalt additives?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Increasing Investments in the Infrastructure Sector of the Asia Pacific Region
- Recyclability of Asphalt
- Challenges
- Lack of Awareness About Asphalt Additives Among Road Builders and Contractors
- Use of Concrete and Bioasphalt as Substitutes for Asphalt
- Volatility in the Prices and Supply of Asphalt
- Opportunities
- Increasing Use of Warm Mix Asphalt
- Use of Asphalt Additives in Roofing Applications
- Advancements in the Aerospace Sector
- Executive Summary
- Asphalt Additives Market, By Type
- Polymeric Modifiers
- Anti-strip and adhesion promoters
- Emulsifiers
- Chemical Modifiers
- Rejuvenators
- Fibers
- Flux Oil
- Colored Asphalt
- Others
- Asphalt Additives Market, By Application
- Road Construction & Paving
- Roofing
- Airport Construction
- Others
- Asphalt Additives Market, By Technology Â
- Hot Mix
- Cold Mix
- Warm Mix
- Asphalt Additives Market, By Region
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Rest of MEA
- South America
- Brazil
- Argentina
- Columbia
- Rest of South America
- Company Profiles
- Leading Companies in Asphalt Additives Market
- Nouryon
- Arkema SA
- Honeywell International Inc
- Evonik Industries
- Kraton Corporation
- BASF SE
- Ingevity Corporation
- Arrmaz
- DowDuPont Inc
- Huntsman Corporation
- Sasol Limited
- Kao Corporation Kao Corporation Sinopec Corporation
- Iterchimica SRL
- Grupo Dynasol
- Other Companies
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
