HOME Top Market Reports Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) - Global Forecast to 2026

Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: CH 4764

 

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The asphalt additives market is projected to reach USD 5.45 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026.

The years considered for the study are:

  • Base Year 2015
  • Estimated Year 2016
  • Projected Year 2026
  • Forecast Period 2016 to 2021 (mid­-term) and 2016 to 2026 (long term)

For the companies profiled in the report, 2015 has been considered as the base year. In certain cases wherein information is unavailable for the base year, the years prior to it have been considered.

The objectives of this study are:

  • To define, describe, and forecast the asphalt additives market based on type, application, technology, and region
  • To analyze and forecast the volume (kilotons) and value (USD million) of the asphalt additives market
  • To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing  the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions made to the overall market
  • To analyze opportunities in the market for stakeholders and draw a competitive landscape of the market
  • To forecast the market size, in terms of value, with respect to five main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • To strategically profile key players and comprehensively analyze their core competencies and market share
  • To analyze competitive developments, such as expansions,, mergers & acquisitions, and new product developments in the asphalt additives market

Research Methodology:

The research methodology used to estimate and forecast the asphalt additives market involves obtaining data on key vendor revenues through secondary research (annual reports, press releases & investor presentations of companies, white papers, solvent journals, certified publications & articles from recognized authors, authenticated directories, and databases). Vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall size of the asphalt additives market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Asphalt Additives Market

To know about the assumptions considered for the study, download the pdf brochure

The asphalt additives market has a diversified ecosystem, including raw material suppliers, along with vendors, end users, and government organizations. Key players in this market are AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Arkema SA (France), Honeywell International, Inc. (U.S.), Evonik Industries (Germany), Huntsman Corporation (U.S.), Kraton Corporation (U.S.), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), Ingevity Corporation (U.S.), and Arrmaz (U.S.), among others. Government & research organizations, raw material suppliers & distributors, construction companies, and industry associations have been considered as critical stakeholders in this study.

Target Audience

  • Asphalt additives producers
  • Asphalt additives traders, distributors, and suppliers
  • Manufacturers in end-use industries
  • Associations and industry bodies

Scope of the Report: This research report categorizes the asphalt additives market on the basis of type, application, technology, and region, forecasting volumes and revenues as well as analyzing trends in each of these submarkets.

On the basis of Type, the asphalt additives market is segmented into:

  • Polymeric modifiers
  • Anti-strip & adhesion promoters
  • Emulsifiers
  • Chemical modifiers
  • Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)

On the basis of Application, the asphalt additives market is segmented into:

  • Road construction & paving
  • Roofing
  • Airport construction
  • Others (parking lots and bridges)

On the basis of Technology, the asphalt additives market is segmented into:

  • Hot mix
  • Cold mix
  • Warm mix

On the basis of Region, the asphalt additives market is segmented into:

  • Asia-Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America

The following customization options are available for the report:

  • Further breakdown of Asia-Pacific & Europe asphalt additives markets
  • Company information
  • Detailed analysis and profiling of additional market players (up to three)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Research Data 
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Asphalt Additives Market
    4.2 Asphalt Additives Market, By Region
    4.3 Asia-Pacific Asphalt Additives Market
    4.4 Asphalt Additives Market Growth
    4.5 Asphalt Additives Market, By Type
    4.6 Asphalt Additives Market: Emerging Economies vs Developed Countries

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Developments Taking Place in the Infrastructure Sector of the Asia-Pacific Region
                    5.3.1.2 Recyclability of Asphalt
           5.3.2 Restraints
                    5.3.2.1 Use of Concrete and Bioasphalt as Substitutes of Asphalt
                    5.3.2.2 Volatility in the Prices and Supply of Asphalt
           5.3.3 Opportunities
                    5.3.3.1 Increasing Use of Warm Mix Asphalt
                    5.3.3.2 Use of Asphalt Additives in Roofing Applications
                    5.3.3.3 Advancements in the Aerospace Sector
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness About Asphalt Additives Among Road Builders and Contractors
    5.4 Cost Structure

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis of Asphalt Additives
    6.3 Revenue Pocket Matrix
           6.3.1 Revenue Pocket Matrix for Asphalt Additives Market,  By Type
           6.3.2 Revenue Pocket Matrix for Asphalt Additives Market,  By Application
           6.3.3 Revenue Pocket Matrix for the Asphalt Additives Market, By Technology
    6.4 Economic Indicators
           6.4.1 Industry Outlook
                    6.4.1.1 Road Construction and Paving

7 Asphalt Additives Market, By Type (Page No. - 52)
    7.1 Introduction
    7.2 Polymeric Modifiers
    7.3 Anti-Strip and Adhesion Promoters
    7.4 Emulsifiers
    7.5 Chemical Modifiers
    7.6 Others

8 Asphalt Additives Market, By Application (Page No. - 64)
    8.1 Introduction
    8.2 Road Construction and Paving
    8.3 Roofing
    8.4 Airport Construction
    8.5 Others

9 Asphalt Additives Market, By Technology (Page No. - 73)
    9.1 Introduction
    9.2 Hot Mix
    9.3 Cold Mix
    9.4 Warm Mix

10 Global Asphalt Additives Market, By Region (Page No. - 80)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 South Korea
             10.2.5 Indonesia
             10.2.6 Malaysia
             10.2.7 Australia
             10.2.8 Rest of Asia-Pacific
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Germany
             10.4.2 France
             10.4.3 U.K.
             10.4.4 Italy
             10.4.5 Russia
             10.4.6 Spain
             10.4.7 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 U.A.E.
             10.5.3 Egypt
             10.5.4 Rest of Middle East & Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Colombia
             10.6.4 Rest of Latin America

11 Competitive Landscape (Page No. - 136)
     11.1 Introduction
     11.2 New Product Launches: Most Popular Growth Strategy
     11.3 Market Share
     11.4 Competitive Situations & Trends
             11.4.1 Expansions
             11.4.2 New Product Developments/New Product Launches
             11.4.3 Mergers & Acquisitions
             11.4.4 Joint Ventures
             11.4.5 Distribution Agreements

12 Company Profiles (Page No. - 142)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Introduction
     12.2 Akzonobel NV
     12.3 E. I. Du Pont De Nemours and Company
     12.4 Arkema SA
     12.5 Honeywell International Inc.
     12.6 Evonik Industries
     12.7 Kraton Corporation
     12.8 Huntsman Corporation
     12.9 Sasol Limited
     12.10 Ingevity Corporation
     12.11 Arrmaz
     12.12 The DOW Chemical Company
     12.13 Other Companies

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 169)
     13.1 Insights From Industrial Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (136 Tables)

Table 1 Asphalt Additives Market Snapshot
Table 2 Asphalt Additives Market, By Type
Table 3 Asphalt Additives Market, By Application
Table 4 Asphalt Additives Market, By Technology
Table 5 Asphalt Additives Market, By Region
Table 6 Cost Structure for Manufacturing Asphalt Additives
Table 7 International Road Network Outlook
Table 8 Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 9 Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 10 Polymeric Modifiers Market Size, By Region, 20142026 (USD Million)
Table 11 Polymeric Modifiers Market Size, By Region, 20142026 (Kilotons)
Table 12 Anti-Strip and Adhesion Promoters Market Size, By Region, 20142026 (USD Million)
Table 13 Anti-Strip and Adhesion Promoters Market Size, By Region, 20142026 (Kilotons)
Table 14 Emulsifiers Market Size, By Region, 20142026 (USD Million)
Table 15 Emulsifiers Market Size, By Region, 20142026 (Kilotons)
Table 16 Chemical Modifiers Market Size, By Region, 20142026 (USD Million)
Table 17 Chemical Modifiers Market Size, By Region, 20142026 (Kilotons)
Table 18 Others Market Size, By Region, 20142026 (USD Million)
Table 19 Others Market Size, By Region, 20142026 (Kilotons)
Table 20 Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 21 Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 22 Road Construction and Paving Market Size, By Region, 20142026 (USD Million)
Table 23 Road Construction and Paving Market Size, By Region, 20142026 (Kilotons)
Table 24 Roofing Market Size, By Region, 20142026 (USD Million)
Table 25 Roofing Market Size, By Region, 20142026 (Kilotons)
Table 26 Airport Construction Market Size, By Region, 20142026 (USD Million)
Table 27 Airport Construction Market Size, By Region, 20142026 (Kilotons)
Table 28 Others Market Size, By Region, 20142026 (USD Million)
Table 29 Others Market Size, By Region, 20142026 (Kilotons)
Table 30 Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 31 Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 32 Hot Mix Market Size, By Region, 20142026 (USD Million)
Table 33 Hot Mix Market Size, By Region, 20142026 (Kilotons)
Table 34 Cold Mix Market Size, By Region, 20142026 (USD Million)
Table 35 Cold Mix Market Size, By Region, 20142026 (Kilotons)
Table 36 Warm Mix Market Size, By Region, 20142026 (USD Million)
Table 37 Warm Mix Market Size, By Region, 20142026 (Kilotons)
Table 38 Asphalt Additives Market Size, By Region, 20142026 (USD Million)
Table 39 Asphalt Additives Market Size, By Region, 20142026 (Kilotons)
Table 40 Asia-Pacific: Asphalt Additives Market Size, By Country, 20142026 (USD Million)
Table 41 Asia-Pacific: Asphalt Additives Market Size, By Country, 20142026 (Kilotons)
Table 42 Asia-Pacific: Asphalt Additives Market Size, By Type, 20142026 (USD Million )
Table 43 Asia-Pacific: Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 44 Asia-Pacific: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 45 Asia-Pacific: Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 46 Asia-Pacific: Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 47 Asia-Pacific: Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 48 China: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 49 China: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 50 India: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 51 India: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 52 Japan: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 53 Japan: Asphalt Additives Market Size, By Application, 20142026(USD Million)
Table 54 South Korea: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 55 South Korea: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 56 Indonesia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 57 Indonesia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 58 Malaysia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 59 Malaysia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 60 Australia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 61 Australia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 62 Rest of Asia-Pacific: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 63 Rest of Asia-Pacific: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 64 North America: Asphalt Additives Market Size, By Country, 20142026 (USD Million)
Table 65 North America: Asphalt Additives Market Size, By Country, 20142026 (Kilotons)
Table 66 North America: Asphalt Additives Market Size, By Type, 20142026 (USD Million )
Table 67 North America: Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 68 North America: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 69 North America: Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 70 North America: Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 71 North America: Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 72 U.S.: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 73 U.S.: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 74 Canada: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 75 Canada: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 76 Mexico: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 77 Mexico: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 78 Europe: Asphalt Additives Market Size, By Country, 20142026 (USD Million)
Table 79 Europe: Asphalt Additives Market Size, By Country, 20142026 (Kilotons)
Table 80 Europe: Asphalt Additives Market Size, By Type, 20142026 (USD Million )
Table 81 Europe: Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 82 Europe: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 83 Europe: Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 84 Europe: Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 85 Europe: Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 86 Germany: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 87 Germany: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 88 France: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 89 France: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 90 U.K.: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 91 U.K.: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 92 Italy: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 93 Italy: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 94 Russia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 95 Russia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 96 Spain: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 97 Spain: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 98 Rest of Europe: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 99 Rest of Europe: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 100 Middle East & Africa: Asphalt Additives Market Size, By Country, 20142026 (USD Million)
Table 101 Middle East & Africa: Asphalt Additives Market Size, By Country, 20142026 (Kilotons)
Table 102 Middle East & Africa: Asphalt Additives Market Size, By Type, 20142026 (USD Million )
Table 103 Middle East & Africa: Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 104 Middle East & Africa: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 105 Middle East & Africa: Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 106 Middle East & Africa: Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 107 Middle East & Africa: Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 108 Saudi Arabia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 109 Saudi Arabia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 110 U.A.E.: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 111 U.A.E.: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 112 Egypt: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 113 Egypt: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 114 Rest of Middle East & Africa: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 115 Rest of Middle East & Africa: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 116 Latin America: Asphalt Additives Market Size, By Country, 20142026 (USD Million)
Table 117 Latin America: Asphalt Additives Market Size, By Country, 20142026 (Kilotons)
Table 118 Latin America: Asphalt Additives Market Size, By Type, 20142026 (USD Million )
Table 119 Latin America: Asphalt Additives Market Size, By Type, 20142026 (Kilotons)
Table 120 Latin America: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 121 Latin America: Asphalt Additives Market Size, By Application, 20142026 (Kilotons)
Table 122 Latin America: Asphalt Additives Market Size, By Technology, 20142026 (USD Million)
Table 123 Latin America: Asphalt Additives Market Size, By Technology, 20142026 (Kilotons)
Table 124 Brazil: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 125 Brazil: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 126 Argentina: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 127 Argentina: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 128 Colombia: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 129 Colombia: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 130 Rest of Latin America: Asphalt Additives Market Size, By Type, 20142026 (USD Million)
Table 131 Rest of Latin America: Asphalt Additives Market Size, By Application, 20142026 (USD Million)
Table 132 Expansions, 20112016
Table 133 New Product Developments/New Product Launches, 20122016
Table 134 Mergers & Acquisitions, 2012
Table 135 Joint Ventures, 2010
Table 136 Distribution Agreements, 2011


List of Figures (57 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 The Polymeric Modifiers Type Segment Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 6 The Road Construction and Paving Application Segment Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 7 The Hot Mix Technology Segment Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 8 The Middle East and Africa Asphalt Additives Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Asphalt Additives Market Projected to Witness Substantial Growth During the Forecast Period
Figure 10 Middle East & Africa to Grow at the Highest CAGR During the Forecast Period
Figure 11 The Road Construction and Paving Application Segment Accounted for the Largest Share of the Asia-Pacific Asphalt Additives Market in 2015
Figure 12 The Asia-Pacific Asphalt Additives Market to Grow at the Highest CAGR During the Forecast Period
Figure 13 The Polymeric Modifiers Type Segment Accounted for the Largest Share of the Asphalt Additives Market in 2015
Figure 14 Asphalt Additives Market in the Emerging Economies to Grow at the Highest CAGR During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges of the Asphalt Additives Market
Figure 16 Cost Structure for Manufacturing Asphalt Additives
Figure 17 Revenue Pocket Matrix for Asphalt Additives Market, By Type
Figure 18 Revenue Pocket Matrix for Asphalt Additives Market, By Application
Figure 19 Revenue Pocket Matrix for Asphalt Additives Market, By Technology
Figure 20 Polymeric Modifiers are Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 21 Asia-Pacific to Remain the Market Leader in the Polymeric Modifiers Market By 2021
Figure 22 Asia-Pacific to Remain the Market Leader in the Anti-Strip and Adhesion Promoters Market By 2021
Figure 23 Asia-Pacific to Remain the Market Leader in the Emulsifiers Market By 2021
Figure 24 Asia-Pacific to Remain the Market Leader in the Chemical Modifiers Market By 2021
Figure 25 Asia-Pacific to Remain the Market Leader in the Others Market By 2021
Figure 26 Road Construction and Paving Applications are Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 27 Asia-Pacific to Remain the Market Leader in the Road Construction and Paving Application Market By 2021
Figure 28 Asia-Pacific to Remain the Market Leader in the Roofing Market By 2021
Figure 29 Asia-Pacific to Remain the Market Leader in the Airport Construction Market By 2021
Figure 30 Asia-Pacific to Remain the Market Leader in the Others Market By 2021
Figure 31 Hot Mix Technology is Projected to Lead the Asphalt Additives Market During the Forecast Period
Figure 32 Asia-Pacific to Remain the Market Leader in the Hot Mix Market By 2021
Figure 33 North America to Remain the Market Leader in the Cold Mix Market By 2021
Figure 34 Asia-Pacific to Remain the Market Leader in the Warm Mix Market By 2021
Figure 35 Global Asphalt Additives Market Regional Snapshot, 2015
Figure 36 Asia-Pacific Asphalt Additives Market Snapshot.
Figure 37 North America Asphalt Additives Market Snapshot.
Figure 38 Europe Asphalt Additives Market Snapshot
Figure 39 Middle East & Africa Asphalt Additives Market Snapshot
Figure 40 Latin America Asphalt Additives Market Snapshot
Figure 41 Companies Primarily Adopted Organic Growth Strategies (20102016)
Figure 42 New Product Developments/New Product Launches Was the Key Growth Strategy Adopted By Market Players Between February 2010 and August 2016
Figure 43 Akzonobel NV: Company Snapshot
Figure 44 Akzonobel NV: SWOT Analysis
Figure 45 E. I. Du Pont De Nemours and Company: Company Snapshot
Figure 46 E. I. Du Pont De Nemours and Company: SWOT Analysis
Figure 47 Arkema SA Company Snapshot
Figure 48 Arkema: SWOT Analysis
Figure 49 Honeywell International Inc.: Company Snapshot
Figure 50 Honeywell International Inc.: SWOT Analysis
Figure 51 Evonik Industries: Company Snapshot
Figure 52 Evonik Industries: SWOT Analysis
Figure 53 Kraton Corporation: Company Snapshot
Figure 54 Huntsman Corporation: Company Snapshot
Figure 55 Sasol Limited: Company Snapshot
Figure 56 Ingevity Corporation: Company Snapshot
Figure 57 The DOW Chemical Company: Company Snapshot

The asphalt additives market was valued at USD 2.79 Billion in 2015 and is projected to reach USD 5.45 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026. This growth can be attributed to the development of the Asia-Pacific infrastructure market, recyclability of asphalt, development of warm mix asphalt, and increasing use of asphalt in roofing applications.

Among types, the emulsifiers segment of the asphalt additives market expected to grow at the highest CAGR from 2016 to 2026. Emulsifiers help to improve the quality of asphalt emulsions by keeping asphalt particles in suspension. Emulsifiers are further useful in controlling the setting properties of emulsions, improving wetting and adhesion of acidic silicate chips, and providing heat stability and improved adhesion characteristics after the setting of the emulsions. The demand for emulsifiers is rising due to the increasing road reconstruction activities, especially in North America and Europe.

Among applications, the roofing segment is expected to grow at the highest CAGR from 2016 to 2026 in the asphalt additives market, in terms of value. Roofs are subject to environmental damage due to excess heat, cold or rain. Additives are added to asphalt to prevent damage. The revival of the North America construction sector has led to high demand from the roofing industry. This has increased the demand for asphalt additives for roofing applications.

Based on technology, the warm mix segment is expected to grow at the highest rate in the asphalt additives market, in terms of value. The warm mix technology is used to lower the temperature at which, the asphalt is mixed and laid on the road. This technology lowers fuel consumption and emissions related to greenhouse gases. The warm mix technology can be used for a longer paving season as temperature drop during transportation is not a concern. These properties have increased the demand for the warm mix technology.

The Asia-Pacific region accounted for the largest share of the asphalt additives market in 2015. There is a significant infrastructure gap in the Asia-Pacific region. Maximum economic growth and utilization of facilities in countries of this region are possible with the implementation of new infrastructure projects. Thus, the road infrastructure projects by governments of various countries in Asia-Pacific are expected to drive the asphalt additives market.

Asphalt Additives Market

Factors inhibiting the growth of the asphalt additives market include volatility in asphalt price and supply, lack of awareness about asphalt additives, and presence of substitutes such as concrete and bioasphalt.

AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Arkema SA (France), Honeywell International, Inc. (U.S.), Evonik Industries (Germany), Huntsman Corporation (U.S.), Kraton Corporation (U.S.), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), Ingevity Corporation (U.S.), and Arrmaz (U.S.) are the key players in the asphalt additives market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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