Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Bitumen(Asphalt) Additives Market by Type (SBR, SBS), By Application (Building, Road Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Bitumen(Asphalt) Additives Market by Type (SBR, SBS), By Application (Building, Road Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137524 3300 Chemical & Material 377 246 Pages 4.5 (32)

Global Bitumen(Asphalt) Additives Market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The market is driven by the increasing demand for bitumen(asphalt) additives due to their ability to improve the quality of bitumen(asphalt). The market is also driven by the growing construction industry and increasing demand for asphalt-based products in emerging economies such as India and China. The global bitumen(asphalt) additives market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into SBR (styrene-butadiene rubber), SBS (styrene-butadiene styrene), and others (polymer modified asphalt). On the basis of application, it has been segmented into building construction and road construction. On the basis of region, it has been segmented into North America, Latin America, Europe, Asia Pacific & Middle East & Africa regions.

Some Of The Growth Factors Of This Market:

  1. The growth of the Bitumen(Asphalt) Additives market is driven by factors such as increasing demand for bitumen in construction and infrastructure projects, growing population and urbanization, and increasing demand for bitumen in automotive industry.
  2. Increasing demand for bitumens from emerging economies such as China and India is also driving the growth of the global Bitumen(Asphalt) Additives market.
  3. However, high cost associated with production of bitumens may hamper the growth of this market.
  4. Increasing environmental concerns related to use of petroleum-based products may also hinder the growth prospects.

Industry Growth Insights published a new data on “Bitumen(Asphalt) Additives Market”. The research report is titled “Bitumen(Asphalt) Additives Market research by Types (SBR, SBS), By Applications (Building, Road Construction), By Players/Companies Shell, TARAK CHEMICALS, Arkema, Akzonobel, Evonik, Croda, DuPont, Huntsman, Honeywell, Macismo, Kao Chemicals, Nayler Chemicals, Tri-Chem, Astec, GE”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Bitumen(Asphalt) Additives Market Research Report

By Type


By Application

Building, Road Construction

By Companies

Shell, TARAK CHEMICALS, Arkema, Akzonobel, Evonik, Croda, DuPont, Huntsman, Honeywell, Macismo, Kao Chemicals, Nayler Chemicals, Tri-Chem, Astec, GE

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Bitumen(Asphalt) Additives Industry Outlook

Global Bitumen(Asphalt) Additives Market Report Segments:

The global Bitumen(Asphalt) Additives market is segmented on the basis of:



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.


Building, Road Construction

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. Shell
  3. Arkema
  4. Akzonobel
  5. Evonik
  6. Croda
  7. DuPont
  8. Huntsman
  9. Honeywell
  10. Macismo
  11. Kao Chemicals
  12. Nayler Chemicals
  13. Tri-Chem
  14. Astec
  15. GE

Global Bitumen(Asphalt) Additives Market Overview

Highlights of The Bitumen(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. SBR
    2. SBS
  1. By Application:

    1. Building
    2. Road Construction
  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 Bitumen(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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Global Bitumen(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?

Bitumen additives are chemicals that are added to asphalt in order to improve its performance. These additives can help the asphalt resist water and oil penetration, increase adhesion between the asphalt and road surface, and reduce dust formation.

Some of the key players operating in the bitumen(asphalt) additives market are Shell, TARAK CHEMICALS, Arkema, Akzonobel, Evonik, Croda, DuPont, Huntsman, Honeywell, Macismo, Kao Chemicals, Nayler Chemicals, Tri-Chem, Astec, GE.

The bitumen(asphalt) additives market is expected to grow at a compound annual growth rate of 4.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Bitumen(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. Bitumen(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. Bitumen(Asphalt) Additives Market - Supply Chain
   4.5. Global Bitumen(Asphalt) Additives Market Forecast
      4.5.1. Bitumen(Asphalt) Additives Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Bitumen(Asphalt) Additives Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Bitumen(Asphalt) Additives Market Absolute $ Opportunity

5. Global Bitumen(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. Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      5.3.1. SBR
      5.3.2. SBS
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Bitumen(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. Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      6.3.1. Building
      6.3.2. Road Construction
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Bitumen(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. Bitumen(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 Bitumen(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. Bitumen(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 Bitumen(Asphalt) Additives Demand Share Forecast, 2019-2029

9. North America Bitumen(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 Bitumen(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 Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      9.4.1. Building
      9.4.2. Road Construction
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      9.7.1. SBR
      9.7.2. SBS
   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 Bitumen(Asphalt) Additives Demand Share Forecast, 2019-2029

10. Latin America Bitumen(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 Bitumen(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 Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      10.4.1. Building
      10.4.2. Road Construction
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      10.7.1. SBR
      10.7.2. SBS
   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 Bitumen(Asphalt) Additives Demand Share Forecast, 2019-2029

11. Europe Bitumen(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 Bitumen(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 Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      11.4.1. Building
      11.4.2. Road Construction
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      11.7.1. SBR
      11.7.2. SBS
   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 Bitumen(Asphalt) Additives Demand Share, 2019-2029

12. Asia Pacific Bitumen(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 Bitumen(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 Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      12.4.1. Building
      12.4.2. Road Construction
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      12.7.1. SBR
      12.7.2. SBS
   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 Bitumen(Asphalt) Additives Demand Share, 2019-2029

13. Middle East & Africa Bitumen(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 Bitumen(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 Bitumen(Asphalt) Additives Market Size and Volume Forecast by Application
      13.4.1. Building
      13.4.2. Road Construction
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Bitumen(Asphalt) Additives Market Size and Volume Forecast by Type
      13.7.1. SBR
      13.7.2. SBS
   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 Bitumen(Asphalt) Additives Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Bitumen(Asphalt) Additives Market: Market Share Analysis
   14.2. Bitumen(Asphalt) Additives Distributors and Customers
   14.3. Bitumen(Asphalt) Additives Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Shell Overview Financials Developments Strategic Outlook
      14.4.2. TARAK CHEMICALS Overview Financials Developments Strategic Outlook
      14.4.3. Arkema Overview Financials Developments Strategic Outlook
      14.4.4. Akzonobel Overview Financials Developments Strategic Outlook
      14.4.5. Evonik Overview Financials Developments Strategic Outlook
      14.4.6. Croda Overview Financials Developments Strategic Outlook
      14.4.7. DuPont Overview Financials Developments Strategic Outlook
      14.4.8. Huntsman Overview Financials Developments Strategic Outlook
      14.4.9. Honeywell Overview Financials Developments Strategic Outlook
      14.4.10. Macismo Overview Financials Developments Strategic Outlook
      14.4.11. Kao Chemicals Overview Financials Developments Strategic Outlook
      14.4.12. Nayler Chemicals Overview Financials Developments Strategic Outlook
      14.4.13. Tri-Chem Overview Financials Developments Strategic Outlook
      14.4.14. Astec Overview Financials Developments Strategic Outlook
      14.4.15. GE Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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