Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.
The technical barriers of asphalt additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Japan and USA. The key companies in asphalt additives market include. Evonik, Kraton, DuPont, Arkema, Sinopec, LCY CHEMICAL CORP. In 2015, the demand for asphalt additives in all regions is leveling off. The demand for these products will grow steadily.
In the past few years, the price of asphalt additives decreased and we expect the price has pressure to increase in 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. Therefore, to some extent, the companies face the risk of profit decline.
According to this study, over the next five years the Asphalt Additives market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 5060 million by 2024, from US$ 4010 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Asphalt Additives business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Asphalt Additives market by product type, application, key manufacturers and key regions and countries.
This study considers the Asphalt Additives value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Asphalt Modifier
Antistripping agent
Asphalt emulsifier
Surfactant additives
Foam stabilizer
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Road construction & paving
Roofing
Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Evonik
Kraton
DuPont
Arkema
Dow Chemical
Akzo Nobel
Huntsman
Berkshire Engineering Supplies
ArrMaz
Kao Corporation
Engineered Additives
BASF
Sonneborn
Honeywell
Ingevity
LUCOBIT
Sinopec
LCY CHEMICAL CORP
Jiangsu Jinyang
Zibo bridge lung
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Asphalt Additives consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Asphalt Additives market by identifying its various subsegments.
Focuses on the key global Asphalt Additives manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Asphalt Additives with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Asphalt Additives submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Asphalt Additives . Industry analysis & Market Report on Asphalt Additives is a syndicated market report, published as Global Asphalt Additives Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Asphalt Additives market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.