Global Asphalt Additives Market

The global Asphalt Additives market was valued at USD 17.40 billion in 2016 and is projected to reach USD 24.77 billion by 2025, growing at a CAGR of 4.0% from 2017 to 2025.

Asphalt additives belong to the class of chemical compounds that are added to asphalt binder to alter the physical characteristics of the final product. The increasing number of highway projects worldwide is expected to boost market demand for asphalt additives. The growing usage of bitumen is expected to be a major threat to market growth.

Sample Infographics:




Market Dynamics:
1. Market Drivers
1.1 Growing consumption in the construction industry
1.2 Recyclability of asphalt
2. Market Restraints
2.1 Presence of large number of substitutes
2.2 Price volatility of asphalt

Market Segmentation:
The global Asphalt Additives marketis segmented on the basis ofproduct, application, technology, and region.
1. By Product:
1.1 Anti-strip and Adhesion Promoters
1.2 Polymeric Modifiers
1.3 Chemical Modifiers
1.4 Emulsifiers
1.5 Others

2. By Application:
2.1 Roofing
2.2 Airport Construction
2.3 Roofing,
2.4 Paving & Road Construction
2.5 Others

3. By Technology:
3.1 Warm Mix
3.2 Cold Mix
3.3 Hot Mix

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. EI Du Pont De Nemours
2. AkzoNobel NV
3. Arkema SA
4. Evonik
5. Honeywell International
6. Sasol Limited
7. DOW Chemical Company
8. Ingevity Corporation
9. Arrmaz
10. Kraton Corporation

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Asphalt Additives marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.