Asphalt Additives Market

Asphalt Additives Market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt,), Application, Technology - Global Forecast to 2029

Report Code: CH 4764 Jun, 2019, by marketsandmarkets.com

[186 Pages Report] The asphalt additives 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. Increasing developments in the Asia Pacific infrastructure market, recyclability of asphalt, development of warm-mix asphalt, and increasing use of asphalt in roofing applications is fueling the growth of the market across the globe.

Asphalt Additives Market

Based on type, the polymeric modifier segment of asphalt additives market is projected to grow at the highest CAGR from 2019-2029.

Based on type, the polymeric modifier segment of the market is projected to grow at the highest CAGR during the forecast period. Polymeric modifiers are used throughout the world to improve the flexibility and durability of asphalt pavements. They are easy to use, and the raw materials used to make them are easily available, which makes them the most preferred type of asphalt additives across the world.

Based on application, road construction & paving segment of asphalt additives market is projected to grow at the highest CAGR from 2019-2029.

Based on application, the road construction & paving segment of the market is projected to grow at the highest CAGR during the forecast period. Governments of countries such as, China, India, Malaysia, and Indonesia in the Asia Pacific region have invested in infrastructure development, which includes the construction of new highways and freeways. This has led to the growth of the asphalt additives application segment.

Hot mix technology held the largest share of the global asphalt additives market

The hot mix technology segment of the asphalt additives market is expected to hold the largest share of the market. Hot mix asphalt is durable, resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to developments in the construction of high traffic roads like such as highways, race tracks, and airfields.

Asphalt Additives Market

The Asia Pacific region was the largest market for asphalt additives in 2018

The Asia Pacific region was the largest market for asphalt additives in 2018, owing to the increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia Pacific region. The huge growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia Pacific asphalt additives market.

Key Market Players

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation(US), Arrmaz (US), BASF SE (Germany), Kao Corporation (Japan) are some of the leading players operating in the asphalt additives market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaborations to enhance their position in the market.

Scope of the Report:

Report Metric

Details

Market Size Available for Years

 2017–2029

Base Year Considered

 2018

Forecast Period

 2019–2024 and 2019-2029

Forecast Units

Volume (Kilotons) and Value (USD Million)

Segments Covered

Type, Application, Technology, Regions

Geographies Covered

North America, Asia Pacific, Europe, the Middle East & Africa, and South America

Companies Covered

Nouryon (Netherlands), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries(Germany), Kraton Corporation (US), BASF SE(Germany), Ingevity Corporation (US), Arrmaz (US), DowDuPont Inc.(US), Huntsman Corporation (US), Sasol Limited (South Africa), Kao Corporation (Japan), Sinopec Corporation(China) ,Iterchimica SRL(Italy),Grupo Dynasol(Madrid).
Total 15 major players covered.

This research report categorizes the asphalt additives market based on type, application, technology, and region and forecasts revenues as well as analyzes trends in each of these submarkets.

Based on type, the asphalt additives market has been segmented into:

  • Polymeric Modifiers
  • Anti-strip and adhesion promoters
  • Emulsifiers
  • Chemical Modifiers
  • Rejuvenators
  • Fibers
  • Flux Oil
  • Colored Asphalt
  • Others
    • Organic Materials
    • Rubber Modifiers

Based on Application, the asphalt additives market has been segmented into:

  • Road Construction & Paving
  • Roofing
  • Airport Construction
  • Others

Based on Technology the asphalt additives market has been segmented into:

  • Hot Mix
  • Cold Mix
  • Warm Mix

Based on Region, the asphalt additives market has been segmented into:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In FY 2018, Nouryon (Netherlands) invested USD 302.4 million in R&D activities to expand its product portfolio. In 2018, the company launched an asphalt additive Wetfix G400. This is an eco-friendly asphalt additive which can work with both, normal and polyphosphoric acid modified binders. This product finds application in construction and paving applications.
  • In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer-Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals. The plant offers hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additives market.

Key Questions Addressed by the Report

  • How developments were undertaken by various companies are expected to affect the asphalt additives market in the mid- to long-term?
  • What are the upcoming industry applications of asphalt additives?
  • What is the impact of changes in government policies on the asphalt additives market?
  • What is the estimated size of the asphalt additives market in 2019?
  • What are the different applications of asphalt additives?

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

Table of Contents

1 Introduction (Page No. - 19)
    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. - 22)
    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. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in Asphalt Additives Market
    4.2 Asphalt Additives Market, By Type
    4.3 Asphalt Additives Market, By Application
    4.4 Asphalt Additives Market, By Technology
    4.5 Asia Pacific Asphalt Additives Market, By Type and Country
    4.6 Asphalt Additives Market, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Investments 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 for 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. - 44)
    6.1 Introduction
    6.2 Supply Chain of Asphalt Additives
    6.3 Economic Indicators
           6.3.1 Industry Outlook
                    6.3.1.1 Road Construction & Paving

7 Regulations on the Usage of Asphalt and Asphalt Additives (Page No. - 46)
    7.1 Regulating Authorities in the US
           7.1.1 Occupational Safety and Health Administration (OSHA)
           7.1.2 National Asphalt Pavement Association (Napa)
                    7.1.2.1 Napa, Artba Partner on Safety Training
                    7.1.2.2 Spill Prevention, Control, and Countermeasure (SPCC)
           7.1.3 Environmental Protection Agency (EPA)
                    7.1.3.1 New Source Performance Standards (NSPS)
    7.2 Applicability of the Standards to Asphalt Storage Tanks
    7.3 Hot Mix Asphalt Facilities
    7.4 Regulations on Use of Asphalt Pavement and Asphalt Base Surface Coatings in New York

8 Asphalt Additives Market, By Type (Page No. - 51)
    8.1 Introduction
    8.2 Polymeric Modifiers
           8.2.1 The Polymeric Modifiers Segment is Estimated to Account for the Largest Share of the Process Oil Market
    8.3 Anti-Strip & Adhesion Promoters
           8.3.1 Growing Demand From Road Pavement Industry is Expected to Fuel the Growth of Anti-Strip & Adhesion Promoters
    8.4 Emulsifiers
           8.4.1 Asia Pacific is Estimated to Lead the Emulsifiers Type Market During the Forecast Period
    8.5 Rejuvenators
           8.5.1 Rejuvenators is the Fastest Growing Type Segment in Asphalt Additives Market
    8.6 Chemical Modifiers
           8.6.1 Asia Pacific is Projected to Lead the Chemical Modifiers Type Market During the Forecast Period
    8.7 Fibers
           8.7.1 North America Accounted for the Largest Share of the Fibers Type Market
    8.8 Flux Oil
           8.8.1 Middle East & Africa is Projected to Be the Fastest Growing Region in Flux Oil Type Market During the Forecast Period
    8.9 Colored Asphalt
           8.9.1 North America Accounted for the Largest Share of the Colored Asphalt Type Market
    8.1 Others

9 Asphalt Additives Market, By Application (Page No. - 63)
    9.1 Introduction
    9.2 Road Construction & Paving
           9.2.1 The Road Construction & Paving Application Segment is Expected to Lead the Asphalt Additives Market During the Forecast Period
    9.3 Roofing
           9.3.1 Roofing is Projected to Be the Second-Largest Application Segment of the Asphalt Additives Market
    9.4 Airport Construction
           9.4.1 North America Accounted for the Largest Share of the Airport Construction Type Market
    9.5 Others

10 Asphalt Additives Market, By Technology (Page No. - 70)
     10.1 Introduction
     10.2 Hot Mix
             10.2.1 Hot Mix Technology Segment is Expected to Lead the Asphalt Additives Market During the Forecast Period
     10.3 Cold Mix
             10.3.1 Cold Mix Technology Was the Second-Largest Segment of the Asphalt Additives Market in 2018
     10.4 Warm Mix
             10.4.1 Warm Mix Segment is Projected to Grow at the Highest Cagr During the Forecast Period

11 Global Asphalt Additives Market, By Region (Page No. - 76)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
                        11.2.1.1 China is Expected to Lead the Asphalt Additives Market During the Forecast Period
             11.2.2 India
                        11.2.2.1 Rise in Demand From Infrastructure Industry is Driving the Growth of Asphalt Additives in India
             11.2.3 Japan
                        11.2.3.1 The Polymeric Modifiers Type Segment is Projected to Lead the Japanese Asphalt Additives Market During the Forecast Period
             11.2.4 South Korea
                        11.2.4.1 Growth in Private and Public Investments in Infrastructure, Industrial, and Commercial Construction Projects is Driving the Market in South Korea
             11.2.5 Indonesia
                        11.2.5.1 New Investments in Road Construction and Developments is Driving the Market in Indonesia
             11.2.6 Malaysia
                        11.2.6.1 Growing Demand in Roofing Application Segment is Driving the Market of Asphalt Additives in Malaysia
             11.2.7 Australia
                        11.2.7.1 High Demand for Rejuvenators Type is Expected to Drive the Growth of Asphalt Additives in Australia
             11.2.8 Rest of Asia Pacific
     11.3 North America
             11.3.1 US
                        11.3.1.1 US is Expected to Lead the Asphalt Additives Market During the Forecast Period
             11.3.2 Canada
                        11.3.2.1 Growing Demand for Warm Mix Technology Based Asphalt is Driving the Market of Asphalt Additives in Canada
             11.3.3 Mexico
                        11.3.3.1 Rise in Infrastructure Projects, Such as the Construction and Maintenance of Bridges, Development of Ports, Roads, Highways, Airports has Fueled the Growth in Mexico
     11.4 Europe
             11.4.1 Germany
                        11.4.1.1 Germany is Expected to Lead the Asphalt Additives Market During the Forecast Period
             11.4.2 France
                        11.4.2.1 The Polymeric Modifiers Type Segment is Projected to Lead the French Asphalt Additives Market During the Forecast Period
             11.4.3 UK
                        11.4.3.1 The Road Construction & Paving Segment is Projected to Lead the UK Asphalt Additives Market During the Forecast Period
             11.4.4 Italy
                        11.4.4.1 Government Investments in Infrastructural Projects is Fueling the Demand for Asphalt Additives in Italy
             11.4.5 Russia
                        11.4.5.1 Large-Scale Investments in the Construction Sector is Driving the Market of Asphalt Additives Market in Russia
             11.4.6 Spain
                        11.4.6.1 Growth and Development of Road Infrastructure is Driving the Market of Asphalt Additives in Spain
             11.4.7 Rest of Europe
     11.5 Middle East & Africa
             11.5.1 Saudi Arabia
                        11.5.1.1 Construction of New Cities and Economic Zones is Expected to Fuel the Demand for Asphalt Additives in Saudi Arabia
             11.5.2 UAE
                        11.5.2.1 Infrastructure Development in Abu Dhabi and Dubai is Driving the Market of Asphalt Additives in UAE
             11.5.3 Egypt
                        11.5.3.1 Developments in Road Infrastructure are Expected to Drive the Demand for Asphalt Additives Egypt
             11.5.4 Rest of Middle East & Africa
     11.6 South America
             11.6.1 Brazil
                        11.6.1.1 Germany is Expected to Lead the Asphalt Additives Market During the Forecast Period
             11.6.2 Argentina
                        11.6.2.1 The Polymeric Modifiers Segment is Projected to Lead the Argentinian Asphalt Additives Market During Forecast Period
             11.6.3 Colombia
                        11.6.3.1 The Road Construction & Paving Application Segment is Projected to Lead the Colombian Asphalt Additives Market During Forecast Period
             11.6.4 Rest of South America

12 Competitive Landscape (Page No. - 133)
     12.1 Overview
     12.2 Competitive Landscape Mapping, 2019
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamic Differentiators
             12.2.4 Emerging Companies
     12.3 Competitive Benchmarking
             12.3.1 Strength of Product Portfolio
             12.3.2 Business Strategy Excellence
     12.4 Sme Matrix, 2019
             12.4.1 Leaders
             12.4.2 Contenders
             12.4.3 Pacesetters
             12.4.4 Masters
     12.5 Competitive Situations & Trends
             12.5.1 New Product Launches & Developments
             12.5.2 Expansions
             12.5.3 Acquisitions
             12.5.4 Collaborations/Agreements

13 Company Profiles (Page No. - 145)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)* 
     13.1 Nouryon
     13.2 Arkema SA
     13.3 Honeywell International Inc
     13.4 Evonik Industries
     13.5 Kraton Corporation
     13.6 BASF SE
     13.7 Ingevity Corporation
     13.8 Arrmaz
     13.9 DowDuPont Inc.
     13.10 Huntsman Corporation
     13.11 Sasol Limited
     13.12 KAO Corporation
     13.13 Sinopec Corporation
     13.14 Iterchimica SRL 
     13.15 Grupo Dynasol
     13.16 Other Companies
             13.16.1 LCY Chemical Corporation
             13.16.2 Ergon Asphalt & Emulsions, Inc
             13.16.3 Mcasphalt Industries Limited
             13.16.4 Tri-Chem Industries
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 181)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (142 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 Cost Structure for the Manufacture of Asphalt Additives
Table 6 International Road Network Outlook, 2017
Table 7 Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 8 Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 9 Polymeric Modifiers Market Size, By Region, 2017–2029 (USD Million)
Table 10 Polymeric Modifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 11 Anti-Strip & Adhesion Promoters Market Size, By Region, 2017–2029 (USD Million)
Table 12 Anti-Strip & Adhesion Promoters Market Size, By Region, 2017–2029 (Kilotons)
Table 13 Emulsifiers Market Size, By Region, 2017–2029 (USD Million)
Table 14 Emulsifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 15 Rejuvenators Market Size, By Region, 2017–2029 (USD Million)
Table 16 Rejuvenators Market Size, By Region, 2017–2029 (Kilotons)
Table 17 Chemical Modifiers Market Size, By Region, 2017–2029 (USD Million)
Table 18 Chemical Modifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 19 Fibers Market Size, By Region, 2017–2029 (USD Million)
Table 20 Fibers Market Size, By Region, 2017–2029 (Kilotons)
Table 21 Flux Oil Market Size, By Region, 2017–2029 (USD Million)
Table 22 Flux Oil Market Size, By Region, 2017–2029 (Kilotons)
Table 23 Colored Asphalt Market Size, By Region, 2017–2029 (USD Million)
Table 24 Colored Asphalt Market Size, By Region, 2017–2029 (Kilotons)
Table 25 Others Market Size, By Region, 2017–2029 (USD Million)
Table 26 Others Market Size, By Region, 2017–2029 (Kilotons)
Table 27 Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 28 Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 29 Road Construction & Paving Market Size, By Region, 2017–2029 (USD Million)
Table 30 Road Construction & Paving Market Size, By Region, 2017–2029 (Kilotons)
Table 31 Roofing Market Size, By Region, 2017–2029 (USD Million)
Table 32 Roofing Market Size, By Region, 2017–2029 (Kilotons)
Table 33 Airport Construction Market Size, By Region, 2017–2029 (USD Million)
Table 34 Airport Construction Market Size, By Region, 2017–2029 (Kilotons)
Table 35 Others Market Size, By Region, 2017–2029 (USD Million)
Table 36 Others Market Size, By Region, 2017–2029 (Kilotons)
Table 37 Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 38 Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 39 Hot Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 40 Hot Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 41 Cold Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 42 Cold Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 43 Warm Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 44 Warm Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 45 Asphalt Additives Market Size, By Region, 2017–2029 (USD Million)
Table 46 Asphalt Additives Market Size, By Region, 2017–2029 (Kilotons)
Table 47 Asia Pacific: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 48 Asia Pacific: Asphalt Additives Market Size, By Country, 2017–2029 (Kilotons)
Table 49 Asia Pacific: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 50 Asia Pacific: Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 51 Asia Pacific: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 52 Asia Pacific: Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 53 Asia Pacific: Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 54 Asia Pacific: Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 55 China: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 56 China: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 57 India: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 58 India: Asphalt Additives Market Size, By Application,2017–2029 (USD Million)
Table 59 Japan: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 60 Japan: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 61 South Korea: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 62 South Korea: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 63 Indonesia: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 64 Indonesia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 65 Malaysia: Asphalt Additives Market Size, By Type,2017–2029 (USD Million)
Table 66 Malaysia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 67 Australia: Asphalt Additives Market Size, By Type,2017–2029 (USD Million)
Table 68 Australia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 69 Rest of Asia Pacific: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 70 Rest of Asia Pacific: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 71 North America: Asphalt Additives Market Size, By Country,2017–2029 (USD Million)
Table 72 North America: Asphalt Additives Market Size, By Country, 2017–2029 (Kilotons)
Table 73 North America: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 74 North America: Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 75 North America: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 76 North America: Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 77 North America: Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 78 North America: Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 79 US: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 80 US: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 81 Canada: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 82 Canada: Asphalt Additives Market Size, By Application,2017–2029 (USD Million)
Table 83 Mexico: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 84 Mexico: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 85 Europe: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 86 Europe: Asphalt Additives Market Size, By Country,2017–2029 (Kilotons)
Table 87 Europe: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 88 Europe: Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 89 Europe: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 90 Europe: Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 91 Europe: Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 92 Europe: Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 93 Germany: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 94 Germany: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 95 France: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 96 France: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 97 UK: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 98 UK: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 99 Italy: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 100 Italy: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 101 Russia: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 102 Russia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 103 Spain: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 104 Spain: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 105 Rest of Europe: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 106 Rest of Europe: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 107 Middle East & Africa: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 108 Middle East & Africa: Asphalt Additives Market Size, By Country, 2017–2029 Kilotons)
Table 109 Middle East & Africa: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 110 Middle East & Africa: Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 111 Middle East & Africa: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 112 Middle East & Africa: Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 113 Middle East & Africa: Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 114 Middle East & Africa: Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 115 Saudi Arabia: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 116 Saudi Arabia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 117 UAE: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 118 UAE: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 119 Egypt: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 120 Egypt: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 121 Rest of Middle East & Africa: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 122 Rest of Middle East & Africa: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 123 South America: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 124 South America: Asphalt Additives Market Size, By Country,2017–2029 (Kilotons)
Table 125 South America: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 126 South America: Asphalt Additives Market Size, By Type, 2017–2029 (Kilotons)
Table 127 South America: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 128 South America: Asphalt Additives Market Size, By Application, 2017–2029 (Kilotons)
Table 129 South America: Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 130 South America: Asphalt Additives Market Size, By Technology, 2017–2029 (Kilotons)
Table 131 Brazil: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 132 Brazil: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 133 Argentina: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 134 Argentina: Asphalt Additives Market Size, By Application,2017–2029 (USD Million)
Table 135 Colombia: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 136 Colombia: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 137 Rest of South America: Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 138 Rest of South America: Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 139 New Product Launches & Developments, 2014–2019
Table 140 Expansions, 2014–2019
Table 141 Acquisitions, 2014–2019
Table 142 Collaborations/Agreements, 2014–2019


List of Figures (48 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 Polymeric Modifiers Type Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 6 Road Construction & Paving Application Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 7 Hot Mix Technology Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 8 Middle East & Africa Asphalt Additives Market Projected to Grow at Highest Cagr During Forecast Period
Figure 9 Emerging Economies Offer Growth Opportunities in Asphalt Additives Market
Figure 10 Polymeric Modifiers Type Segment Projected to Account for Largest Share of Asphalt Additives Market in 2024
Figure 11 Roofing Application Segment to Grow at Highest Cagr During Forecast Period
Figure 12 Warm Mix Segment to Grow at Highest Cagr During Forecast Period
Figure 13 Polymeric Modifiers Type Segment Estimated to Account for Largest Share in 2019
Figure 14 Middle East & Africa to Grow at Highest Cagr During Forecast Period
Figure 15 Asphalt Additives Market, By Region
Figure 16 Drivers, Restraints, Opportunities, and Challenges for the Asphalt Additives Market
Figure 17 Cost Structure for the Manufacture of Asphalt Additives
Figure 18 Circulated Opacity Standard for Each Affected Facility
Figure 19 Polymeric Modifiers Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 20 Road Construction & Paving Application Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 21 Hot Mix Technology Segment Projected to Lead Asphalt Additives Market During Forecast Period
Figure 22 Global Asphalt Additives Market, Regional Snapshot, 2018
Figure 23 Asia Pacific Asphalt Additives Market Snapshot
Figure 24 North America Asphalt Additives Market Snapshot
Figure 25 Europe Asphalt Additives Market Snapshot
Figure 26 Middle East & Africa Asphalt Additives Market Snapshot
Figure 27 South America Asphalt Additives Market Snapshot
Figure 28 Companies in Asphalt Additives Market Adopted Organic and Inorganic Growth Strategies Between 2014 and 2019
Figure 29 Asphalt Additives Market (Global) Competitive Landscape Mapping, 2019
Figure 30 Asphalt Additives Market: Emerging Companies Competitive Leadership Mapping, 2019
Figure 31 Share of Companies in the Asphalt Additives Market
Figure 32 Nouryon: SWOT Analysis
Figure 33 Arkema SA: Company Snapshot
Figure 34 Arkema SA: SWOT Analysis
Figure 35 Honeywell International Inc.: Company Snapshot
Figure 36 Honeywell International Inc: SWOT Analysis
Figure 37 Evonik Industries.: Company Snapshot
Figure 38 Evonik Industries: SWOT Analysis
Figure 39 Kraton Corporation: Company Snapshot
Figure 40 Kraton Corporation: SWOT Analysis
Figure 41 BASF SE.: Company Snapshot
Figure 42 BASF SE: SWOT Analysis
Figure 43 Ingevity Corporation.: Company Snapshot
Figure 44 DowDuPont Inc.: Company Snapshot
Figure 45 Huntsman Corporation.: Company Snapshot
Figure 46 Sasol Limited.: Company Snapshot
Figure 47 KAO Corporation: Company Snapshot
Figure 48 Sinopec Corporation: Company Snapshot

The study involved four major activities in estimating the current size of the asphalt additives market. Exhaustive secondary research was undertaken to collect information on the asphalt additives market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the asphalt additive value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the asphalt additives market.

Secondary Research

As a part of the secondary research process, various secondary sources such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet were referred to for identifying and collecting information for this study on the asphalt additives market. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, a monetary chain of the market, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology-oriented perspectives.

Primary Research

As a part of the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the asphalt additives market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the asphalt additives market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

Asphalt Additives Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the asphalt additives market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The supply chain of the industry and the market size, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Objectives of the Report

  • 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 global asphalt additives market
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micro-markets with respect to the individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape for market leaders
  • 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 South America.
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze recent market developments and competitive strategies in the asphalt additives market, such as agreements, collaborations, acquisitions, new product developments, and expansions in the global asphalt additives market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  •  Further breakdown of the North America asphalt additives market, with respect to major countries in this region
  • Further breakdown of the Europe asphalt additives market, with respect to major countries in this region
  • Further breakdown of the Asia-Pacific asphalt additives market, with respect to major countries in this region
  • Further breakdown of the RoW asphalt additives market

Company Information

  • Detailed analysis and profiling of the additional market players (up to three).
Report Code
CH 4764
Published ON
Jun, 2019
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