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:
- 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.
- Increasing demand for bitumens from emerging economies such as China and India is also driving the growth of the global Bitumen(Asphalt) Additives market.
- However, high cost associated with production of bitumens may hamper the growth of this market.
- 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
SBR, SBS
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
 Additives Industry Outlook.svg)
Global Bitumen(Asphalt) Additives Market Report Segments:
The global Bitumen(Asphalt) Additives market is segmented on the basis of:
Types
SBR, SBS
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
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:
- Shell
- TARAK CHEMICALS
- Arkema
- Akzonobel
- Evonik
- Croda
- DuPont
- Huntsman
- Honeywell
- Macismo
- Kao Chemicals
- Nayler Chemicals
- Tri-Chem
- Astec
- GE
 Additives Market Overview.svg)
Highlights of The Bitumen(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:
- SBR
- SBS
- By Application:
- Building
- Road Construction
- 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 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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 Additives Market Statistics.svg)
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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TARAK CHEMICALS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arkema
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Akzonobel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Evonik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Croda
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DuPont
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Huntsman
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Macismo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kao Chemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nayler Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tri-Chem
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Astec
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GE
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
