Asphalt Additive Market Global Growth, Opportunities, Industry Analysis & Forecast to 2026

Global Asphalt Additive Market research report utilizes a SWOT analysis as well as Porter’s Five Forces analysis to reveal the strengths, weaknesses, opportunities, and threats. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. The report also studies the various inhibitors as well as motivators of the Global Asphalt Additive Market in both quantitative and qualitative manners in order to provide accurate information to the readers.

Market Analysis: Global Asphalt Additive Market

Global asphalt additive market is projecting a rise in estimated value by registering a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to development in infrastructure; recycle Asphalt and rise in demand for various applications.

Key Market Competitors:

Few of the major competitors currently working in the global asphalt additive market are Nouryon, DowDuPont de Nemours Inc, Arkema, Honeywell International Inc, Evonik Industries, Huntsman International LLC, KRATON CORPORATION, Sasol, Ingevity, ArrMaz, BASF SE, KAO CORPORATION, Akzo Nobel N.V., Berkshire Engineering, Engineered Additives LLC,  Royal Dutch Shell, Owens Corning  and others.

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This report studies Global Asphalt Additive Market in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2025.

Conducts Overall Global Asphalt Additive Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of Global Asphalt Additive Market By Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Rejuvenators, Chemical Modifiers , Fibers, Flux Oil, Colored Asphalt and Others), Applications (Road Construction & Paving, Roofing, Airport Construction and Others), Technology (Hot Mix, Cold Mix, Warm Mix), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.

Table Of Contents: Global Asphalt Additive Market

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Market Definition: Global Asphalt Additive Market

Asphalt is the thick black brown coloured substance made up of heavy hydrocarbons. It is derived from crude after application of refining processes. Additives are the constituents which are added in order to change the composition or properties of a substance. Asphalt additives consist of wide applications including improving the heat stability, increases elasticity, decreases viscosity and others. Moreover, factors such as adoption of asphalt additives for the development of infrastructure and reduction in damage caused by environment enhancing the asphalt additive market.

Market Drivers:

  • Government initiatives and funding for infrastructure projects in developed and developing countries is  driving the market growth
  • Rising global construction industry is the major factor driving the growth of the market
  • Growing demand for asphalt additives for roofing applications is boosting the market growth

Market Restraints:

  • Concrete and bioasphalt are used as a substitute for asphalt which is hindering the market growth
  • Fluctuation in prices may act as a restraint to this market

Key Developments in the Market:

  • In April 2019, Nouryon launched Wetfix G400 in order to expand the asphalt market. Wetfix G400 is derived from renewable resources and it is non-amine adhesive in nature. The new  Wetfix G400 would meet the demand of the customers for sustainable alternatives in order to maintain asphalt’s durability and mixture performance
  • In May 2017, Maxxchem which is manufacturer of asphalt additives had been acquired by the ArrMaz. The Maxxchem business would be added into the ArrMaz’s Road Science Divison. The major aim of this acquisition is to provide cost-effective and innovative solutions for long lasting and safe roads

Competitive Analysis:

Global asphalt additive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of asphalt additive market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Questions Answered in This Report

  • What will the Global Asphalt Additive Market size be in 2025 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?

Key reason to Purchase the report

  1. To describe and forecast the Global Asphalt Additive Market, in terms of value, by process, product type, and industry.
  2. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
  3. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  4. To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Asphalt Additive Market growth
  5. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
  6. To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market

Customization of the Report

  • The report includes the complete segmentation displayed above across all above mentioned countries
  • All products covered in the Global Asphalt Additive Market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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Key focus of the report

  1. This report provides pin-point analysis for changing competitive dynamics
  2. It provides a forward-looking perspective on different factors driving or restraining market growth
  3. It provides five-year forecast assessed on the basis of how the market is predicted to grow
  4. It helps in understanding the key product segments and their future
  5. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  6. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Opportunities in the Global Asphalt Additive Market report

1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.

2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.

3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.

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