The report is titled as ‘Asphalt Additive Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Asphalt Additive market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
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Asphalt Additive Introduction
Asphalt can be referred to as a brown or black petroleum-like substance that is by and large gathered either as a residue from the decoction of petroleum or organic sediments, that possess a density varied from viscous liquid to glassy solid. The mechanical properties of asphalt majorly allow asphalt to be used as adhesive or binder. The prime application of asphalt is in road surfacing, which has the potential to be performed in several different means. The asphalt additives or otherwise known as adhesion promoters can be perceived as chemicals mixed to asphalt in order to enhance aggregate coating and improve the frequency and strength of chemical soldering between asphalt and aggregate.
The asphalt additives provide enhanced bonding strength that further offers pathways with defense opposed to moisture-impairment destruction. If in case, asphalt separates from aggregate while in the presence of water, it results in moisture impairment, and leads to potholes, rutting, and ultimately pathways to deteriorate at a premature period. The increased number of end-use application of asphalt additives all across the world is primarily estimated to accelerate the market growth in the following years.
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Asphalt Additive Market Segmentation
The global asphalt additive market is segmented on the basis of type, application, technology, and region.
By Type
- Polymeric Modifiers
- Anti-strip & Adhesion Promoters
- Emulsifiers
- Chemical Modifiers
- Rejuvenators
- Fibers
- Flux Oil
- Colored Asphalt
- Others
By Application
- Road Construction & Paving
- Roofing
- Airport Construction
- Others
By Technology
- Hot Mix
- Cold Mix
- Warm Mix
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Asphalt Additive Market Key Players
Some of the key participating players in global Asphalt Additive market are:
- Nouryon
- Arkema SA
- Honeywell International Inc.
- Evonik Industries
- Kraton Corporation
- BASF SE
- Ingevity Corporation
- Arrmaz
- DowDuPont Inc.
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The global Asphalt Additive Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the asphalt additive market include Evonik, Tr Chem Industries, DuPont Evalay, MeadWestvaco Corporation, Akzo Nobel, Kao Corporation, Delta Companies, and ArrMaz.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Asphalt Additive Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/asphalt-additive-market/download-sampleMarket DynamicsThe increasing use of asphalt Additives in the construction sector and the growing construction industry are the main market drivers for the growth of the asphalt Additives market.
Also, the heightened demand for asphalt Additives due to their wide use in canal and reservoir linings, dam facings, and other sea works is expected to elevate the market growth of asphalt Additives.
The rising trend of organic warm mix asphalt in eco-friendly projects will further boost the market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
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.
Asphalt additives help in improving the performance, durability, and service life of the asphalt.
Increasing use of recycled materials, such as Reclaimed Asphalt Pavement (RAP) and Recycled Asphalt Shingles (RAS) in the asphalt pavements application, has resulted in the growing demand for rejuvenator asphalt additives to restore the strength and durability of aged binders.
The growth of this segment is due to the increased use of recycled road material for pavement application globally.Based on application, the roofing segment of the global asphalt additives market is expected to grow at the highest CAGR from 2019 to 2029, in terms of value.
Roofs are subject to environmental damage due to excess heat, cold or rain.
The revival in the construction sector in the North American market has led to high demand from the roofing industry.
The quality of Asphalt Additive market research report is at par which gains customer confidence and trust.
This market report directs business in right direction by giving insights about products, market, customers, competitors and marketing strategy at right time.
Hence it acts as a backbone to the business.
This market report helps to develop a successful marketing strategy for your business.
Asphalt Additive report is very helpful to all sizes of business which makes it simpler to take informed decisions in providing the different aspect of this industry.
The Global Asphalt Additive market report contains all the company profiles of the major players and brands.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.A combination of best industry insight, practical solutions, talent solutions and latest technology has been used to structure this excellent Asphalt Additive report.
