Market Overview:
The global asphalt additives market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,521.4 Mn by 2030, registering a CAGR of 6.5% from 2018 to 2030. The growth of the global asphalt additives market can be attributed to the increasing demand for better-quality roads and pavements across the globe. In addition, the growing construction industry is also expected to fuel the demand for asphalt additives over the forecast period. On basis of type, surfactant additives are expected to account for a major share of the global asphalt additives market in terms of value over the forecast period owing to their ability improve workability and adhesion between aggregates.
Product Definition:
Asphalt additives are materials that are used to improve the properties of asphalt pavements. These additives can include binders, aggregates, and other materials that help to improve the performance of asphalt pavements.
Asphalt Modifier:
Asphalt modifier is a substance that enhances the properties of asphalt. It improves flow, reduces cracking and increases durability. The global asphalt modifiers market size was estimated at USD 2,500 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand from construction industry worldwide due to rapid urbanization & industrialization.
Antistripping agent:
Antistripping agent is a chemical compound that reduces the surface energy of asphalt and prevents the formation of ice on roads.
Application Insights:
The road construction & paving application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing urbanization, which has resulted in an increased demand for asphalt additives that are used in road construction & paving applications.
Roads and highways form a vital part of any country¢â‚¬â„¢s infrastructure. They connect different parts of a city with each other as well as link remote areas with the cities. Asphalt is one of the major components used for roads & highways construction along with concrete, steel and other materials required for their maintenance over a longer period of time. The rising need for roads across various regions including Asia Pacific, Middle East Africa, North America and Europe is expected to drive product demand over the next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia and Vietnam. Rapidly expanding construction sector in these countries coupled with increasing road infrastructure activities are likely to drive product demand over the forecast period.
The growing automotive industry in Asia Pacific countries such as China and India is also anticipated to have a positive impact on asphalt additives market growth over the next eight years. However, stringent environmental regulations by regulatory bodies such as REACH are projected to pose a challenge for manufacturers operating within these regions.
Growth Factors:
- Increasing demand for asphalt additives in the construction industry as a result of growing infrastructure development activities across the globe.
- Rising demand for asphalt additives from the automotive sector due to increasing vehicle production and sales worldwide.
- Growing use of asphalt additives in roofing applications on account of their superior properties such as weather resistance and durability.
- Increasing penetration of asphalt additives in emerging markets owing to rising disposable income levels and improving infrastructure facilities therein.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Additives Market Research Report
By Type
Asphalt Modifier, Antistripping agent, Asphalt emulsifier, Surfactant additives, Foam stabilizer, Others
By Application
Road construction & paving, Roofing, Others
By Companies
Evonik, Kraton, DowDuPont, Arkema, Akzo Nobel, Huntsman, Berkshire Engineering Supplies, ArrMaz, Kao Corporation, Engineered Additives, BASF, Sonneborn, Honeywell, Ingevity, LUCOBIT, Sinopec, LCY CHEMICAL CORP, Jiangsu Jinyang, Zibo bridge lung
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Additives Market Report Segments:
The global Asphalt Additives market is segmented on the basis of:
Types
Asphalt Modifier, Antistripping agent, Asphalt emulsifier, Surfactant additives, Foam stabilizer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Road construction & paving, Roofing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Evonik
- Kraton
- DowDuPont
- Arkema
- Akzo Nobel
- Huntsman
- Berkshire Engineering Supplies
- ArrMaz
- Kao Corporation
- Engineered Additives
- BASF
- Sonneborn
- Honeywell
- Ingevity
- LUCOBIT
- Sinopec
- LCY CHEMICAL CORP
- Jiangsu Jinyang
- Zibo bridge lung
Highlights of The Asphalt Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Asphalt Modifier
- Antistripping agent
- Asphalt emulsifier
- Surfactant additives
- Foam stabilizer
- Others
- By Application:
- Road construction & paving
- Roofing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Asphalt Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Asphalt additives are chemicals or materials that are added to asphalt in order to improve its performance. These additives can help reduce the amount of heat required to produce a given amount of asphalt, increase the life of the pavement, and improve its adhesion to other materials.
Some of the major companies in the asphalt additives market are Evonik, Kraton, DowDuPont, Arkema, Akzo Nobel, Huntsman, Berkshire Engineering Supplies, ArrMaz, Kao Corporation, Engineered Additives, BASF, Sonneborn, Honeywell, Ingevity, LUCOBIT, Sinopec, LCY CHEMICAL CORP, Jiangsu Jinyang, Zibo bridge lung.
The asphalt additives market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Asphalt Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Asphalt Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Asphalt Additives Market - Supply Chain
4.5. Global Asphalt Additives Market Forecast
4.5.1. Asphalt Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Asphalt Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Asphalt Additives Market Absolute $ Opportunity
5. Global Asphalt Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Asphalt Additives Market Size and Volume Forecast by Type
5.3.1. Asphalt Modifier
5.3.2. Antistripping agent
5.3.3. Asphalt emulsifier
5.3.4. Surfactant additives
5.3.5. Foam stabilizer
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Asphalt Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Asphalt Additives Market Size and Volume Forecast by Application
6.3.1. Road construction & paving
6.3.2. Roofing
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Asphalt Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Asphalt Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Asphalt Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Asphalt Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Asphalt Additives Demand Share Forecast, 2019-2026
9. North America Asphalt Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Asphalt Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Asphalt Additives Market Size and Volume Forecast by Application
9.4.1. Road construction & paving
9.4.2. Roofing
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Asphalt Additives Market Size and Volume Forecast by Type
9.7.1. Asphalt Modifier
9.7.2. Antistripping agent
9.7.3. Asphalt emulsifier
9.7.4. Surfactant additives
9.7.5. Foam stabilizer
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Asphalt Additives Demand Share Forecast, 2019-2026
10. Latin America Asphalt Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Asphalt Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Asphalt Additives Market Size and Volume Forecast by Application
10.4.1. Road construction & paving
10.4.2. Roofing
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Asphalt Additives Market Size and Volume Forecast by Type
10.7.1. Asphalt Modifier
10.7.2. Antistripping agent
10.7.3. Asphalt emulsifier
10.7.4. Surfactant additives
10.7.5. Foam stabilizer
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Asphalt Additives Demand Share Forecast, 2019-2026
11. Europe Asphalt Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Asphalt Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Asphalt Additives Market Size and Volume Forecast by Application
11.4.1. Road construction & paving
11.4.2. Roofing
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Asphalt Additives Market Size and Volume Forecast by Type
11.7.1. Asphalt Modifier
11.7.2. Antistripping agent
11.7.3. Asphalt emulsifier
11.7.4. Surfactant additives
11.7.5. Foam stabilizer
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Asphalt Additives Demand Share, 2019-2026
12. Asia Pacific Asphalt Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Asphalt Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Asphalt Additives Market Size and Volume Forecast by Application
12.4.1. Road construction & paving
12.4.2. Roofing
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Asphalt Additives Market Size and Volume Forecast by Type
12.7.1. Asphalt Modifier
12.7.2. Antistripping agent
12.7.3. Asphalt emulsifier
12.7.4. Surfactant additives
12.7.5. Foam stabilizer
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Asphalt Additives Demand Share, 2019-2026
13. Middle East & Africa Asphalt Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Asphalt Additives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Asphalt Additives Market Size and Volume Forecast by Application
13.4.1. Road construction & paving
13.4.2. Roofing
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Asphalt Additives Market Size and Volume Forecast by Type
13.7.1. Asphalt Modifier
13.7.2. Antistripping agent
13.7.3. Asphalt emulsifier
13.7.4. Surfactant additives
13.7.5. Foam stabilizer
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Asphalt Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Asphalt Additives Market: Market Share Analysis
14.2. Asphalt Additives Distributors and Customers
14.3. Asphalt Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Evonik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kraton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DowDuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Arkema
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Akzo Nobel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huntsman
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Berkshire Engineering Supplies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ArrMaz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kao Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Engineered Additives
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BASF
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sonneborn
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Honeywell
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ingevity
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LUCOBIT
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sinopec
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. LCY CHEMICAL CORP
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jiangsu Jinyang
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zibo bridge lung
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
