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Asphalt Additives Market - Global Industry Analysis

Asphalt Additives Market By Type (Novophalt, Polymerized Asphalt Cement, Polyester Modifier, Multigrade Asphalt Cement and Others), By Application (Roofing, Airport Runaway, Road Paving, Parking Lots, Road Construction and Others) and By Technology (Hot Mis, Cold Mix and Warm Mix): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 23-Nov-2021 Category: Chemical & Materials Report Format : PDF Pages: 188 Report Code: ZMR-1089 Status : Published

The Global Asphalt Additives Market accounted for more than USD 2,906.5 Billion in 2020 and is expected to reach more than USD 4,274.4 Billion by 2028, growing at a CAGR of more than 5.97% from 2021 to 2028.

Description

Market Overview

The Global Asphalt Additives Market accounted for more than USD 2,906.5 Billion in 2020 and is expected to reach more than USD 4,274.4 Billion by 2028, growing at a CAGR of more than 5.97% from 2021 to 2028.

Asphalt Additives is a mixture of asphalt which is also known as bitumen with concrete elements that are used as an adhesive or binding material in road construction. The asphalt additives have a wide range on application such as road construction, roofing, container terminal construction owing to the benefits associated with using asphalt additives such as it is waterproof, it helps in reducing cracking, stripping, permanent deformation, pavement thickness, lifecycle costs. With the increased demand for road improvement and construction in developing countries the market is anticipated to grow in near future.

Global Asphalt Additives Market Size

COVID-19 Impact Analysis

Due to the Covid-19 pandemic there has been a significant disruption in supply chain which has led to a delay in the construction projects all over the world. Strict lockdown imposed by government on account for safety of the population has in turn led to an economic crisis and construction industry being one of the most severely impacted sectors owing to the shortage of labor force, raw materials and on verge of following the restriction and norms during the construction process has significantly been delayed.

However, with the upliftment of pandemic restriction since the third quarter of 2020, most of the governmental projects of roads, building and highway construction have been resumed and thus, in near future the market is expected to witness high growth.

Growth Factors

Increasing demand for construction activities related to road and building across the developing countries such as India and China with rise in investment by the government in the construction of national highways, airport runways and expressways boosts the demand for asphalt additives across the globe. Moreover, growing inclination of consumers towards the asphalt additives for roofing application as these additives when added into roofing products provides high quality and high UV resistance is also expected to drive market growth in near future.

Bitumen is being widely utilized in the construction activities in building construction due to the properties it possesses of being resistant to water, high softening point, ductility and hardness which has given rise to the demand for new houses by the population and has in turn led to an increase in demand of the market. Government initiatives and funding for the construction of houses under the scheme Pradhan Mantri Awas Yojana (PMAY) has also provided a boost to the overall growth of the Asphalt Additives Market.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Polymerized Asphalt Cement segment held a share of around 34.62% in 2020. This is attributable to the use of polymerized asphalt cement at the first stage in road construction, so with the increasing growth of road construction segment the polymerized asphalt cement segment is also expected to witness a sharp growth in the forecast period. Moreover, polymerized asphalt cement is used by various construction firms for improving the road, repair and maintenance activities in order to reconstruct previous road and increase their life. The benefits offered by polymerized asphalt cement is also enabling growth of the segment such as providing durability, strength and finishing with an availability of various grades of quality and a wide price range.

Global Asphalt Additives Market Share

Application Segment Analysis Preview

Road Construction segment will grow at a CAGR of more than 4.89% from 2021 to 2028. This is attributable to the rapid urbanization and the need for efficient roads across the globe. Asphalt additives are used as high-grade material in construction that provides an efficient and improved sustainability of road which has enhanced the demand for using asphalt additives in construction work by various construction firms. The road construction segment is a leader in the Asphalt Additives Market across the globe and in expected to be major driver behind the growth of the overall market in the forecast period 2020-2028.

Regional Analysis Preview

The Asia Pacific region held a share of more than 19.43% in 2020. The countries in region particularly China and India have seen a significant growth of the real estate sector which is responsible to drive the growth of market in the region. Other factors driving the growth in this region are the increase demand for roofing, road paving and road construction segments supplemented with the increased demand for better infrastructure and rapid urban development. Moreover, with government initiatives and implementation regarding the road improvement and infrastructural development the region is expected to be in forefront and lead the market growth in the forecast period.

Global Asphalt Additives Market Regional Analysis

The North America region is projected to grow at a CAGR of more than 5.13% over the forecast period. The region has the second highest market share and is projected to grow with highest pace due to the increasing construction activities and road construction work specifically in the U.S. Moreover, with governmental implementation regarding strict environmental rules which supports the use of warm mix, fuels the popularity and demand from Asphalt Additives Market. Europe and Middle East is also anticipated to show a significant growth during the forecast period.

Key Market Players & Competitive Landscape

Some of key players in Asphalt Additives Market are Huntsman Corporation, Nouryon, DowDuPont, Ingevity Corporation, Honeywell International Inc., Evonik Industries, Kraton Corporation, Arkema SA and BASF SE.

The Global Asphalt Additives Market is segmented as follows:

By Type

  • Novophalt
  • Polymerized Asphalt Cement
  • Polyester Modifier
  • Multigrade Asphalt Cement
  • Others

By Application

  • Roofing
  • Airport Runaway
  • Road Paving
  • Parking Lots
  • Road Construction
  • Others

By Technology

  • Hot Mix
  • Cold Mix
  • Warm Mix

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Asphalt Additives Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. Middle East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Asphalt Additives Market – By Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Novophalt
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Pulymerized Asphalt Cement
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Pulyester Modifier
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Multigrade Asphalt Cement
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Asphalt Additives Market – By Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Roofing
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Airport Runaway
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Road Paving
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Parking Lots
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Road Construction
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Million)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Asphalt Additives Market – By Technulogy Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 6.2. Hot Mix
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Culd Mix
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Warm Mix
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Asphalt Additives Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Technulogy, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Technulogy, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Technulogy, 2016 – 2028
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. Middle East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. Middle East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.4. Middle East and Africa Market Revenue, By Technulogy, 2016 – 2028
  • Chapter No. 8 Asphalt Additives Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. Middle East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Asphalt Additives Market: Company Market Share, 2019
      • 9.1.2. Global Asphalt Additives Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Asphalt Additives Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Asphalt Additives Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Huntsman Corporation
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Nouryon
    • 10.3. DowDuPont
    • 10.4. Ingevity Corporation
    • 10.5. Honeywell International Inc.
    • 10.6. Evonik Industries
    • 10.7. Kraton Corporation
    • 10.8. Arkema SA
    • 10.9. BASF SE.
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Technology
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Asphalt Additives Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 8. Global Asphalt Additives Market for Novophalt, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Asphalt Additives Market for Novophalt, By Country, 2020 & 2028
FIG NO. 10. Global Asphalt Additives Market for Polymerized Asphalt Cement, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Asphalt Additives Market for Polymerized Asphalt Cement, By Country, 2020 & 2028
FIG NO. 12. Global Asphalt Additives Market for Polyester Modifier, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Asphalt Additives Market for Polyester Modifier, By Country, 2020 & 2028
FIG NO. 14. Global Asphalt Additives Market for Multigrade Asphalt Cement, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Asphalt Additives Market for Multigrade Asphalt Cement, By Country, 2020 & 2028
FIG NO. 16. Global Asphalt Additives Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Asphalt Additives Market for Others, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 19. Global Asphalt Additives Market for Roofing, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Asphalt Additives Market for Roofing, By Country, 2020 & 2028
FIG NO. 21. Global Asphalt Additives Market for Airport Runaway, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Asphalt Additives Market for Airport Runaway, By Country, 2020 & 2028
FIG NO. 23. Global Asphalt Additives Market for Road Paving, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Asphalt Additives Market for Road Paving, By Country, 2020 & 2028
FIG NO. 25. Global Asphalt Additives Market for Parking Lots, Revenue (USD Million) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Asphalt Additives Market for Parking Lots, By Country, 2020 & 2028
FIG NO. 27. Global Asphalt Additives Market for Road Construction, Revenue (USD Million) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Asphalt Additives Market for Road Construction, By Country, 2020 & 2028
FIG NO. 29. Global Asphalt Additives Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Asphalt Additives Market for Others, By Country, 2020 & 2028
FIG NO. 31. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 32. Global Asphalt Additives Market for Hot Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Asphalt Additives Market for Hot Mix, By Country, 2020 & 2028
FIG NO. 34. Global Asphalt Additives Market for Cold Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Asphalt Additives Market for Cold Mix, By Country, 2020 & 2028
FIG NO. 36. Global Asphalt Additives Market for Warm Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Asphalt Additives Market for Warm Mix, By Country, 2020 & 2028
FIG NO. 38. Global Asphalt Additives Market Revenue Share, By Region, 2020 & 2028
FIG NO. 39. North America Asphalt Additives Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 40. Porter’s Five Forces Analysis for Global Asphalt Additives Market
FIG NO. 41. PEST Analysis for Global Asphalt Additives Market
FIG NO. 42. Pricing Analysis for Global Asphalt Additives Market
FIG NO. 43. Value Chain Analysis for Global Asphalt Additives Market
FIG NO. 44. Company Share Analysis, 2019
FIG NO. 45. Radar Determinant Chart, 2019
FIG NO. 46. Company Strategic Developments – Heat Map Analysis
FIG NO. 47. Huntsman Corporation Business Segment Revenue Share, 2020 (%)
FIG NO. 48. Huntsman Corporation Geographical Segment Revenue Share, 2020 (%)
FIG NO. 49. Market Channels
FIG NO. 50. Marketing Channel Development Trend
FIG NO. 51. Growth in World Gross Product, 2008-2018
FIG NO. 52. Research Methodology – Detailed View
FIG NO. 53. Research Methodology
 


List of Tables

TABLE NO. 1 Global Asphalt Additives Market: Snapshot
TABLE NO. 2 Quarterly Asphalt Additives Market Revenue by Region, 2020
TABLE NO. 3 Quarterly Asphalt Additives Market Revenue Forecast by Region, 2021
TABLE NO. 4 Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5 Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6 Global Asphalt Additives Market for Novophalt, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7 Global Asphalt Additives Market for Polymerized Asphalt Cement, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8 Global Asphalt Additives Market for Polyester Modifier, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9 Global Asphalt Additives Market for Multigrade Asphalt Cement, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10 Global Asphalt Additives Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11 Global Asphalt Additives Market for Roofing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12 Global Asphalt Additives Market for Airport Runaway, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13 Global Asphalt Additives Market for Road Paving, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14 Global Asphalt Additives Market for Parking Lots, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15 Global Asphalt Additives Market for Road Construction, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16 Global Asphalt Additives Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17 Global Asphalt Additives Market for Hot Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18 Global Asphalt Additives Market for Cold Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19 Global Asphalt Additives Market for Warm Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 20 Global Asphalt Additives Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 21 North America Asphalt Additives Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 22 North America Asphalt Additives Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 23 North America Asphalt Additives Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 24 North America Asphalt Additives Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 25 Drivers for the Asphalt Additives Market: Impact Analysis
TABLE NO. 26 Restraints for the Asphalt Additives Market: Impact Analysis
TABLE NO. 27 Major Buyers of Asphalt Additives
TABLE NO. 28 Distributors/Traders List of Asphalt Additives
TABLE NO. 29 Global Asphalt Additives Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 30 Global Asphalt Additives Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 
  
 

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FrequentlyAsked Questions

The Global Asphalt Additives Market was valued at more than USD 2,906.5 Billion in 2020.

The Global Asphalt Additives Market is expected to reach more than USD 2,906.5 Billion in 2020 and is expected to reach more than USD 4,274.4 Billion by 2028, growing at a CAGR of more than 5.97% from 2021 to 2028.

Increasing demand for construction activities related to road and building across the developing countries such as India and China with rise in investment by the government in the construction of national highways, airport runways and expressways boosts the demand for asphalt additives across the globe. Moreover, growing inclination of consumers towards the asphalt additives for roofing application as these additives when added into roofing products provides high quality and high UV resistance is also expected to drive market growth in near future.

The Asia Pacific region held a share of more than 19.43% in 2020. The countries in region particularly China and India have seen a significant growth of the real estate sector which is responsible to drive the growth of market in the region. Other factors driving the growth in this region are the increase demand for roofing, road paving and road construction segments supplemented with the increased demand for better infrastructure and rapid urban development.

Some of the major companies operating in the Asphalt Additives Market are Huntsman Corporation, Nouryon, DowDuPont, Ingevity Corporation, Honeywell International Inc., Evonik Industries, Kraton Corporation, Arkema SA and BASF SE.

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