Robin White
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The Asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.
Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation (US), Arrmaz (US), BASF SE (Germany), and Kao Corporation (Japan) are some of the leading players operating in the asphalt additive market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaboration to enhance their position in the market. Download the PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514 In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer-Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals which manufactures hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additive market. In February 2019, a subsidiary of Arrmaz (US), RoadScience launched a new asphalt emulsifier, ArrTekk. This product is used to provide the required viscidity across asphalts for efficient and cost-effective chip sealing. These products provide better rutting resistance, high cold-temperature performance, and are water-resistant. This development helped the company to enhance the depth of its product line. Related Reports: Asphalt Additive Market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt,), Application, Technology - Global Forecast to 2029 |
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Robin White
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The global Asphalt Market report offers a comprehensive assessment of the market for the forecast years. The key market players for the global Asphalt market are listed below:BPImperial OilCEMEXTotalExxon Mobil CorporationShell InternationalOwens CorningOthersClick here to get a FREE Sample Copy of the Asphalt Market Research Report @ https://www. com/contact/download-sample-33095The Global Asphalt Market Report is equipped with market data from 2016 to 2026. COVID-19 Impact Analysis on Asphalt MarketThe global pandemic COVID-19 has affected the Asphalt market directly or indirectly. Directly Purchase the Complete Global Asphalt Market Research Report @ https://www.
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KG· Amerindo Asphalt Corporation· The Glendon Group Inc. , Canada)• Europe (U. , Italy, Germany, France, Rest of EU)• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)• Latin America (Chile, Brazil, Argentina, Rest of Latin America)• Middle East & Africa (Saudi Arabia, U. , Canada)· Europe (U. , Italy, Germany, France, Rest of EU)· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)· Latin America (Chile, Brazil, Argentina, Rest of Latin America)· Middle East & Africa (Saudi Arabia, U.
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Within this landscape, the global asphalt market plays a vital role, providing the necessary materials for constructing roads, highways, and transportation networks. As the world continues to evolve, it is crucial to understand the key trends that are driving the global asphalt market forward. One of the prominent trends in the Asphalt Market is the increasing investment in transportation infrastructure. Additives play a significant role in the Asphalt Market by enhancing the performance and durability of asphalt mixtures used in road construction and pavement applications Furthermore, the global asphalt market is witnessing increased collaboration and partnerships between government bodies, private companies, and research institutions. In conclusion, the global Asphalt Market is experiencing notable trends driven by increased investment in infrastructure, sustainability efforts, technological advancements, and collaborative initiatives.
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It also plays a pivotal role in the world of motorsports and racetrack construction. The high-performance requirements of racing demand a surface that can withstand extreme speeds, heavy loads, and intense friction. The composition and construction of racetrack Asphalt are fine-tuned to ensure maximum performance and safety for drivers. In the world of motorsports, asphalt paves the way to excellence and exhilarating competition. The economics of asphalt stem from its durability, ease of construction, and efficient life-cycle performance.
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The asphalt additive market has several key vendors that provide a range of products to improve the performance and durability of asphalt mixtures. id=156734514Asphalt Additive Market SegmentationBy type, polymeric modifiers is estimated to be the leading segment of asphalt additives market from 2021 to 2026, in terms of value and volume. The polymeric modifier segment of asphalt additives market accounts for the largest share during the forecast period. id=156734514Asphalt Additive Market Regional GrowthThe asphalt additive market is expected to experience regional growth in various parts of the world. Some of the key regions that are expected to show significant growth in the asphalt additive market include:North America:The North American region is expected to witness significant growth in the asphalt additive market.
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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.
However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers.
The technical barriers of asphalt additives are relatively high, resulting in high-level concentration degree.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-asphalt-additives-2019-2024-579The manufacturing bases scattered around the world, mainly concentrating in Korea, China, Japan, and the USA.
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.
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