The global demand for Asphalt Additive Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
The chemical substances that are added to improve aggregate coating and increase the strength and frequency of chemical bonding between asphalt and aggregate are known as adhesion promotes or asphalt Additives. These adhesion promoters are added in small quantities and can be added in many convenient ways by either the hot mix producer or the asphalt terminal. Asphalt Additives help in improving mix workability for easier handwork. Additionally, these adhesion promoters improve safety and motorist experience. These are non-hazardous and non-regulated for available transport options, offering the highest worker safety while reducing logistics costs. Asphalt Additives are petroleum-like materials that are black or brown in color.
Market Dynamics
The increasing use of asphalt Additives in the construction sector and the growing construction industry are the main market drivers for the growth of the asphalt Additives market. Polymer additives when added to asphalt, improve the quality and performance of materials used for roofing. This increases demand and drives the market growth of asphalt Additives. Also, the heightened demand for asphalt Additives due to their wide use in canal and reservoir linings, dam facings, and other sea works is expected to elevate the market growth of asphalt Additives. The rising trend of organic warm mix asphalt in eco-friendly projects will further boost the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of asphalt additive. The growth and trends of Asphalt Additive Industry provide a holistic approach to this study.
Market Segmentation
This section of the asphalt additive market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polymeric Modifiers
- Anti-strip and Adhesion Promoters
- Emulsifiers
- Chemical Modifiers
- Rejuvenators
- Fibers
- Flux Oil
- Colored Asphalt
- Others
By Application
- Road Construction & Paving
- Roofing
- Airport Construction
- Others
- Parking Lots
- Bridges
By Technology
- Hot Mix
- Cold Mix
- Warm Mix
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Asphalt Additive market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Asphalt Additive Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the asphalt additive market include Evonik, Tr Chem Industries, DuPont Evalay, MeadWestvaco Corporation, Akzo Nobel, Kao Corporation, Delta Companies, and ArrMaz. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.