Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Asphalt Additives Market by Type (Asphalt Modifier, Antistripping agent, Asphalt emulsifier, Surfactant additives, Foam stabilizer, Others), By Application (Road construction & paving, Roofing, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Asphalt Additives Market by Type (Asphalt Modifier, Antistripping agent, Asphalt emulsifier, Surfactant additives, Foam stabilizer, Others), By Application (Road construction & paving, Roofing, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143349 3300 Chemical & Material 377 248 Pages 5 (38)
                                          

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.


Global Asphalt Additives Industry Outlook


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:

  1. Evonik
  2. Kraton
  3. DowDuPont
  4. Arkema
  5. Akzo Nobel
  6. Huntsman
  7. Berkshire Engineering Supplies
  8. ArrMaz
  9. Kao Corporation
  10. Engineered Additives
  11. BASF
  12. Sonneborn
  13. Honeywell
  14. Ingevity
  15. LUCOBIT
  16. Sinopec
  17. LCY CHEMICAL CORP
  18. Jiangsu Jinyang
  19. Zibo bridge lung

Global Asphalt Additives Market Overview


Highlights of The Asphalt Additives Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Asphalt Modifier
    2. Antistripping agent
    3. Asphalt emulsifier
    4. Surfactant additives
    5. Foam stabilizer
    6. Others
  1. By Application:

    1. Road construction & paving
    2. Roofing
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Asphalt Additives Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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.

                                            
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

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