Asphalt Additives Market
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The asphalt additives market is projected to grow at a CAGR 4.57% 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 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 market.
Key players in the 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 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 market?
- What is the estimated size of the market in 2019?
- What are the different applications of asphalt additives?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Asphalt Additives Market, By Application
Road Construction & Paving
6. Asphalt Additives Market, By Type
Anti-strip and adhesion promoters
7. Asphalt Additives Market, By Technology
8. Asphalt Additives Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Kao Corporation Kao Corporation Sinopec Corporation
Honeywell International Inc
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