The research involved four main steps to assess the current market size of asphalt additives. Extensive secondary research was conducted to collect information on the market, peer markets, and parent markets. The next step was to validate these findings, assumptions, and figures with industry experts across the asphalt additive value chain through primary research. The overall market size was determined using both top-down and bottom-up approaches. Finally, market segmentation analysis and data triangulation were used to define the sizes of market segments and subsegments.
Secondary Research
The research approach used to assess and project the market starts with collecting revenue data from leading suppliers through secondary research. During this process, many secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, the World Bank, and industry magazines, were used to gather information for this study. These sources included annual reports, press releases, and investor presentations from companies, white papers, reputable periodicals, writings by respected authors, announcements from regulatory agencies, trade directories, and databases. Vendor offerings have been examined to determine the market segmentation.
Primary Research
The asphalt additive market includes several stakeholders such as manufacturers, suppliers, traders, associations, and regulatory organizations within the supply chain. The demand side is driven by the growth of various industries, including road construction and paving, roofing, airport construction, and others. On the supply side, technological advancements are prominent. Interviews with various primary sources from both the supply and demand sides provided qualitative and quantitative information.
The following details the breakdown of the primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the asphalt additive market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size included the following:
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The key players were identified through extensive primary and secondary research.
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The value chain and market size of the asphalt additive market, in terms of value and volume, were determined through primary and secondary research.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Global Asphalt Additive Market Size: Bottom-up and Top-down Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The market size was calculated globally by summing up the country-level and regional-level data.
Market Definition
Asphalt additives are substances added to the asphalt binder to enhance its properties, such as resistance to rutting, thermal cracking, and stripping caused by moisture. Asphalt pavements tend to become stiff and brittle in regions with high temperatures, while cracks tend to form in areas with low ambient temperatures. These additives also help improve the binding properties of asphalt, strengthening the bond between the aggregate and other components asphalt.
Stakeholders
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Asphalt Additive Manufacturers
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Asphalt Additive Suppliers
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Asphalt Additive Traders, Distributors, and Suppliers
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Investment Banks and Private Equity Firms
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Raw Material Suppliers
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Government and Research Organizations
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Consulting Companies/Consultants in the Chemicals and Materials Sectors
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Industry Associations
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Contract Manufacturing Organizations (CMOs)
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NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms
Report Objectives
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To define, describe, and forecast the size of the global asphalt additive market in terms of volume and value
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To provide detailed information regarding the key drivers, restraints, opportunities, and challenges influencing the growth of the global asphalt additive market
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To analyze and forecast the size of various segments of the asphalt additive market based on five major regions—North America, Asia Pacific, Europe, South America, and Middle East & Africa, along with their key countries
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To analyze recent developments and competitive strategies, such as acquisitions, agreements, partnerships, collaborations, product launches, and others, to draw the competitive landscape of the market
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To strategically profile the key players in the market and comprehensively analyze their core competencies
HIGHEST CAGR MARKET (2025–2030)
SAUDI ARABIA FASTEST-GROWING MARKET IN REGION
Robert
Jan, 2019
General information on asphalt additives focusing on polymeric asphalt modifiers.
sergio
Feb, 2019
Would like to understand methodology and why they are not present in CP section of report.
Sompun
Jun, 2019
Future asphalt market and the new opportunity in Asia..
Rafael
Sep, 2019
15 company profiles and 5 regional and country level market analysis on asphalt and its applications market.