The Asphalt Additives Global Market Report 2023, provides comprehensive information on the asphalt additives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Asphalt Additives Global Market Report 2023, the global asphalt additives market size grew from $3.62 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The asphalt additives market size is expected to grow to $5.57 billion in 2027 at a CAGR of 9.2%.
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The asphalt additives market is segmented:
1) By Type: Polymeric Modifiers, Anti-strip And Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt
2) By Technology: Hot Mix, Cold Mix, Warm Mix
3) By Application: Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing
Asia-Pacific was the largest region in the asphalt additives market in 2022.
The table of contents in TBRC’s asphalt additives market report includes:
1. Executive Summary
2. Asphalt Additives Market Characteristics
3. Asphalt Additives Market Trends And Strategies
4. Asphalt Additives Market - Macro Economic Scenario
5. Asphalt Additives Market Size And Growth
.....
26. Africa Asphalt Additives Market
27. Asphalt Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asphalt Additives Market
29. Asphalt Additives Market Future Outlook and Potential Analysis
30. Appendix
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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.
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.
