Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. The primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. The viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps to overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt-aggregate bond.
Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, traveling, and deformation. This, in turn, reduces the maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt. The technical barriers of asphalt additives are relatively high, resulting in high-level concentration degree.
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The manufacturing bases scattered around the world, mainly concentrating in Korea, China, Japan, and the USA. The key companies in the asphalt additives market include. Evonik, Kraton, DuPont, Arkema, Sinopec, LCY CHEMICAL CORP. In 2015, the demand for asphalt additives in all regions is leveling off. The demand for these products will grow steadily. In the past few years, the price of asphalt additives decreased and we expect the price has pressure to increase in a short time with new capacity released.
However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of asphalt additives. Therefore, to some extent, the companies face the risk of profit decline. According to this study, over the next five years, the Asphalt Additives market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 5060 million by 2024, from US$ 4010 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Asphalt Additives business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Asphalt Additives market by product type, application, key manufacturers and key regions and countries.This study considers the Asphalt Additives value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Asphalt Modifier
- Antistripping agent
- Asphalt emulsifier
- Surfactant additives
- Foam stabilizer
- Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- Road construction & Paving
- Roofing
- Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.
- Evonik
- Kraton
- DuPont
- Arkema
- Dow Chemical
- Akzo Nobel
- Huntsman
- Berkshire Engineering Supplies
- ArrMaz
- Kao Corporation
- Engineered Additives
- BASF
- Sonneborn
- Honeywell
- Longevity
- LUCOBIT
- Sinopec
- LCY CHEMICAL CORP
- Jiangsu Jinyang
- Zibo bridge lung
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Asphalt Additives consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Asphalt Additives market by identifying its various sub-segments.
- Focuses on the key global Asphalt Additives manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Asphalt Additives with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Asphalt Additives submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of content
1 The scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Asphalt Additives Consumption 2014–2024
2.1.2 Asphalt Additives Consumption CAGR by Region
2.2 Asphalt Additives Segment by Type
3 Global Asphalt Additives by Players
3.1 Global Asphalt Additives Sales Market Share by Players
3.1.1 Global Asphalt Additives Sales by Players (2017–2019)
3.1.2 Global Asphalt Additives Sales Market Share by Players (2017–2019)
Key Que Answered in this report:
- What will the Asphalt Additives Market?
- What are the key factors driving the Global Asphalt Additives Market?
- What are the key market trends in the Asphalt Additives Market?
- improve pasting the growth of the Asphalt Additives Market?
- What are the challenges to the Asphalt Additives Market?
- What are the market opportunities and threats faced by the vendors in the Global Asphalt Additives Market?
- What are the key outcomes of the five forces analysis of the Asphalt Additives Market?
What is our report offers:
Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments
Asphalt Additives Market: Key HighlightsThe global asphalt additives marketwas valued at ~ US$ 3.5 Mn in 2018, and is projected to expand at a CAGR of ~ 6% from 2019 to 2027.
Emerging warm mix asphalt (WMA) technology is anticipated to augment the global asphalt additives market during the forecast period.Asia Pacific was the leading region of the global asphalt additives market in The Asia Pacific asphalt additives market is estimated to continue its dominance in the global asphalt additives market during the forecast period.Key Drivers of the Asphalt Additives MarketThe demand for asphalt in road construction is expected to be driven by increasing environmental funding, legislative pressure to improve infrastructure, and growth in non-building construction activities, particularly in the highway & street segment.The demand for paving asphalt used in highways and streets has been rising, owing to the increase in government funding and growth in highway and street construction activities.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3238Shift in Focus Toward Bio-based Additives to Offer Attractive OpportunitiesBio-based additives are defined as additives made from biological sources.
Manufacturers are increasingly using eco-friendly products, owing to the rise in the awareness about the environment among consumers.Availability of Alternatives for Asphalt to Hamper the Asphalt Additives MarketBricks, pavers, cobblestone, concrete, permeable paving, gravel, and cement are some of the substitutes that are being increasingly used in place of bitumen.
Concrete is a highly employed product in the construction and maintenance of roads.The governments of several countries have been preferring the usage of concrete and cement for paving roads since the last few years.
This is expected to hamper the asphalt additives market.Asia Pacific Dominates the Asphalt Additives MarketAsia Pacific is expected to continue being a prominent market in the global asphalt additives market during the forecast period.
