0
2020
Asphalt Additives Market

Asphalt Additives Market by Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier and Others) and Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
Update Available On-Demand

A00481
Pages: 314
May 2020 | 15973 Views
Author(s) : Anil Chaudhary , Eswara Prasad
Tables: 171
Charts: 70
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Asphalt Additives Market

Request Now !

Asphalt Additives Market Outlook - 2027

The global asphalt additives market was valued at $3.6 billion in 2019, and is projected to reach $5.3 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.

Asphalt mixed together with concrete elements to obtain asphalt concrete is known as asphalt additive. Asphalt additive is used as an adhesive in road construction. The asphalt additives are also used as waterproofing materials. Asphalt additives help in reducing life cycle costs, stripping, cracking, permanent deformation, raveling, and pavement thickness.

Infographics_Asphalt Additives Market 2020-2027

Get more information on this report : Request Sample Pages

The growth of the asphalt additives market is majorly driven by increase in road and building construction activities across the developing countries such as India and China. Construction of various national highways, expressways, and airport runways boosts the demand for asphalt additives across these countries. In addition, rise in investments by the government of these countries for the development of national highways and expressways across the countryand development of road network in rural areas for providing last mile connectivity, is anticipated to drive the growth of the asphalt additives market. Furthermore, bitumen is widely used in the construction industry for roofs, owing to its physical properties such as adhesion, resistance to water, hardness, ductility, and higher softening point. Therefore, rise in the construction industry due to growth in population across the cities and demand for new houses led to increase in demand across the developing economies. In addition, government initiatives such as Pradhan MantriAwasYojana (PMAY) launched by Government of India that includes construction of houses for poor people living in both rural and urban areas is expected to increase the demand for asphalt additives; thereby, driving the growth of the global market.

However, changing regulatory environment coupled with low consumer awareness can hamper the growth of market. On the contrary, increase in demand for asphalt additives from the emerging economies as well as rise in awareness about energy conservation and sustainable infrastructure are expected to offer remunerative opportunities for asphalt additives market growth in the near future.

The global asphalt additives market size is segmented into type, application, and region. On the basis of type, the market is categorized into polymerized asphalt cement, novophalt, multigrade asphalt cement, polyester modifier and others. The applications covered in the study comprise road construction, road paving, airport runway, parking lots, roofing and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA. 

The major key players operating in the global asphalt additives industry include Arkema Group, Akzo Nobel N.V., Evonik Industries AG, Honeywell International Inc, Huntsman International LLC, Ingevity, KAO Corporation, Nouryon, Sasol, and Tri-Chem Specialty Chemicals, LLC. Other players operating in this market include Bershire Engineering Supplies, Kraton, BASF SE, Engineered Addtives LLC and Delta Companies Inc.These major key players are adopting different strategies such as joint venture, agreement, and business expansion to stay competitive in the global market.

Global Asphalt Additives Market, By Region

Asia-Pacific accounted for a major market share in 2019 in the global asphalt additives market, owing togrowth of the real estate sector in China and India. This is a key factor driving the Asia-Pacific asphalt additives market. Road construction, road paving, and roofing are the main segments dominating the other segments due to unremitting growth of urban demographic and better infrastructure. The growing construction industry along with government initiatives for improvement of roads in various economies such as India and China in the region drives the demand for asphalt additives in Asia-Pacific. In addition, huge investments from multinational companies in the high growth potential economies of the region is also a major factor posing bright opportunities for the Asia-Pacific asphalt additives market. Increasing ownership of automobiles coupled with increasing government investment in the infrastructural development drives the growth of the market.

Asphalt Additives Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit an CAGR of 5.6% during 2019-2027.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

Global Asphalt Additives Market, By Type

Polymerized Asphalt Cement segment accounted for amajor share in 2019 in the asphalt additives market.Addition of polymerized asphalt cement to the paving-grade asphalt is carried out during the first stage of road construction. Mixing is achieved by using a mechanical impeller or mixer. CRS-2P is the most commonly used polymerized asphalt cement grade. In addition, various companies use polymerized asphalt cement in road maintenance and repair activities to renovate previously constructed roads. During the analysis period, Asia-Pacific is expected to havethe highest utilization rate for polymerized asphalt cement,owing to the presence of large number of infrastructure projects.The increasing importance of polymerized asphalt cement in providing strength, durability, finishing, and workability to the final road block is expected to provide growth opportunity in the global asphalt additives market. Moreover, availability of various grades with a wide price range helps consumers to choose their products accordingly.    

Asphalt Additives Market
By Type

Your browser does not support the canvas element.

Polymerized Asphalt Cement is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

Global Asphalt Additives Market, By Application

Depending on application, theroad construction segment accounted for a major asphalt additivesmarket share in 2019.Owing to perennial urbanization, efficient roads are currently in high demand across the globe. Construction firms have initiated road development projects using high grade construction materials including asphalt additives, to provide improved structural integrity and sustainability of roads. Asia-Pacific and LAMEA regions are forerunners in these ventures, due to the high urban displacement. Construction of new roads along with road maintenance and repair projects in emerging economies provides promising opportunities for the growth of market. Rapid urbanization and demographic shifts are some of the driving factors of the market and are anticipated to drive the growth of asphalt additives market during the forecast period 2020-2027.

Asphalt Additives Market
By Application

Your browser does not support the canvas element.

Road Construction is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The global asphalt additives market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Majorcountries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides an in-depth analysis of the global asphalt additives market forecast for the period 2020–2027.
  • The report outlines the current global asphalt additives market trends and future estimations of the global asphalt additives market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • The key drivers, restraints, and global asphalt additives market opportunity and their detailed impact analysis is elucidated in the study.

 

Key Market Segments & Key Market Players

Segments Sub-segments
By Type
  • Polymerized Asphalt Cement
  • Novophalt
  • Multigrade Asphalt Cement
  • Polyester Modifier
  • Others

By Application
  • Road Construction
  • Road Paving
  • Airport Runway
  • Parking Lots
  • Roofing
  • Others

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Russia
    • Germany
    • France
    • Turkey
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Market Players
  • ARKEMA GROUP
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • Honeywell International Inc.
  • Huntsman International LLC
  • Ingevity
  • KAO Corporation
  • Nouryon
  • SASOL
  • Tri-Chem Specialty Chemicals, LLC
 

Loading Table Of Content...


 
 

According to the analyst, significant factors that drive the market growth are rising demand of asphalt from the construction industry, growing conformity with latest manufacturing standards, and rapid urbanization globally. Polymerized asphalt cement is the leading segment, and is expected to maintain its lead throughout the analysis period. According to the analyst, Asia-Pacific is the fastest growing region due to increasing ownership of automobiles coupled with rising government investment in infrastructural development. Furthermore, adoption of asphalt additives in the road construction application is anticipated to increase during the forecast period. As per the analyst, China occupies more than half of the Asia-Pacific asphalt additives market; however, India is the fastest growing segment.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Asphalt additives market is likely to grow during the forecast period owing to growth in building and construction industry across the Asia-Pacific and LAMEA region.

A. Road construction application and Polymerized asphalt cement type holds the maximum market share of the Asphalt Additives Market.

A. Inceased usage of asphalt additives in rising infrasturctural and building & construction activities across the developing economies likel Brazil, China and India is one of the major trend in the Asphalt Additives Market.

A. The market size of the Asphalt Additives in 2019 is $3.6 billion.

A. You can get company profile by analysing their product portfolio, segment revenue, recent strategies, and also those who responded for primary research.

A. Company profile has been selected based on companies having global presence and are majorly involved in manufacturing of asphalt additives.

A. Rising demand for asphalt additves from road construction industry, growing demand for new houses due to rapid urbanization, and growing conformity with latest manufacturing standards are the factors affecting the global asphalt additives market.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Asphalt Additives Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,995  $8,796
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers