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
Published ON : Jun, 2019

[181 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.

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. - 9)
    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. - 12)
    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. - 21)

4 Premium Insights (Page No. - 25)
    4.1 Attractive Market Opportunities in Asphalt Additives Market
    4.2 Market, By Region
    4.3 Asia Pacific Market
    4.4 Market, By Application
    4.5 Market, By Type
    4.6 Market, By Technology

5 Market Overview (Page No. - 28)
    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. - 34)
    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. - 36)
    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. - 41)
    8.1 Introduction
    8.2 Polymeric Modifiers
    8.3 Anti-Strip & Adhesion Promoters
    8.4 Emulsifiers
    8.5 Rejuvenators
    8.6 Chemical Modifiers
    8.7 Fibers
    8.8 Flux Oil
    8.9 Colored Asphalt
    8.1 Others

9 Asphalt Additives Market, By Application (Page No. - 53)
    9.1 Introduction
    9.2 Road Construction & Paving
    9.3 Roofing
    9.4 Airport Construction
    9.5 Others

10 Asphalt Additives Market, By Technology (Page No. - 60)
     10.1 Introduction
     10.2 Hot Mix
     10.3 Cold Mix
     10.4 Warm Mix

11 Global Asphalt Additives Market, By Region (Page No. - 66)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 India
             11.2.3 Japan
             11.2.4 South Korea
             11.2.5 Indonesia
             11.2.6 Malaysia
             11.2.7 Australia
             11.2.8 Rest of Asia Pacific
     11.3 North America
             11.3.1 US
             11.3.2 Canada
             11.3.3 Mexico
     11.4 Europe
             11.4.1 Germany
             11.4.2 France
             11.4.3 UK
             11.4.4 Italy
             11.4.5 Russia
             11.4.6 Spain
             11.4.7 Rest of Europe
     11.5 Middle East & Africa
             11.5.1 Saudi Arabia
             11.5.2 UAE
             11.5.3 Egypt
             11.5.4 Rest of Middle East & Africa
     11.6 South America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Colombia
             11.6.4 Rest of South America

12 Competitive Landscape (Page No. - 125)
     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 Share of Companies in the Asphalt Additives Market
     12.6 Competitive Situations & Trends
             12.6.1 New Product Launches & Developments
             12.6.2 Expansions
             12.6.3 Acquisitions
             12.6.4 Collaborations/Agreements

13 Company Profiles (Page No. - 137)
     13.1 Nouryon
             13.1.1 Business Overview
             13.1.1 Products Offered
             13.1.2 Recent Developments
             13.1.3 SWOT Analysis
             13.1.4 MnM View
     13.2 Arkema SA
             13.2.1 Business Overview
             13.2.2 Products Offered
             13.2.3 Recent Developments
             13.2.1 SWOT Analysis
             13.2.1 MnM View
     13.3 Honeywell International Inc
             13.3.1 Business Overview
             13.3.2 Products Offered
             13.3.3 SWOT Analysis
             13.3.4 MnM View
     13.4 Evonik Industries
             13.4.1 Business Overview
             13.4.2 Products Offered
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
             13.4.5 MnM View
     13.5 Kraton Corporation
             13.5.1 Business Overview
             13.5.2 Products Offered
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
             13.5.5 MnM View
     13.6 BASF SE
             13.6.1 Business Overview
             13.6.2 Products Offered
             13.6.1 Recent Developments
             13.6.2 SWOT Analysis
             13.6.1 MnM View
     13.7 Ingevity Corporation
             13.7.1 Business Overview
             13.7.2 Products Offered
             13.7.3 Recent Developments
     13.8 Arrmaz
             13.8.1 Business Overview
             13.8.2 Products Offered
             13.8.3 Recent Developments
     13.9 DowDuPont Inc.
             13.9.1 Business Overview
             13.9.2 Products Offered (Dow Chemical Company)
             13.9.3 Products Offered (E.I. Du Pont De Nemours and Company)
     13.10 Huntsman Corporation
             13.10.1 Business Overview
             13.10.2 Products Offered
     13.11 Sasol Limited
             13.11.1 Business Overview
             13.11.2 Products Offered
             13.11.3 Recent Developments
     13.12 Kao Corporation
             13.12.1 Business Overview
             13.12.2 Products Offered
     13.13 Sinopec Corporation
             13.13.1 Business Overview
             13.13.2 Products Offered
     13.14 Iterchimica SRL
             13.14.1 Business Overview
             13.14.2 Products Offered
             13.14.3 Recent Developments
     13.15 Grupo Dynasol
             13.15.1 Business Overview
             13.15.2 Products Offered
             13.15.3 Recent Developments
     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

14 Appendix (Page No. - 175)
     14.1 Kdiscussion 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 Asphalt Additives Market, By Region
Table 6 Cost Structure for the Manufacture of Asphalt Additives
Table 7 International Road Network Outlook, 2017
Table 8 Asphalt Additives Market Size, By Type, 2017–2029 (USD Million)
Table 9 Asphalt Additive Market Size, By Type, 2017–2029 (Kilotons)
Table 10 Polymeric Modifiers Market Size, By Region, 2017–2029 (USD Million)
Table 11 Polymeric Modifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 12 Anti-Strip & Adhesion Promoters Market Size, By Region, 2017–2029 (USD Million)
Table 13 Anti-Strip & Adhesion Promoters Market Size, By Region, 2017–2029 (Kilotons)
Table 14 Emulsifiers Market Size, By Region, 2017–2029 (USD Million)
Table 15 Emulsifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 16 Rejuvenators Market Size, By Region, 2017–2029 (USD Million)
Table 17 Rejuvenators Market Size, By Region, 2017–2029 (Kilotons)
Table 18 Chemical Modifiers Market Size, By Region, 2017–2029 (USD Million)
Table 19 Chemical Modifiers Market Size, By Region, 2017–2029 (Kilotons)
Table 20 Fibers Market Size, By Region, 2017–2029 (USD Million)
Table 21 Fibers Market Size, By Region, 2017–2029 (Kilotons)
Table 22 Flux Oil Market Size, By Region, 2017–2029 (USD Million)
Table 23 Flux Oil Market Size, By Region, 2017–2029 (Kilotons)
Table 24 Colored Asphalt Market Size, By Region, 2017–2029 (USD Million)
Table 25 Colored Asphalt Market Size, By Region, 2017–2029 (Kilotons)
Table 26 Others Market Size, By Region, 2017–2029 (USD Million)
Table 27 Others Market Size, By Region, 2017–2029 (Kilotons)
Table 28 Asphalt Additives Market Size, By Application, 2017–2029 (USD Million)
Table 29 Asphalt Additive Market Size, By Application, 2017–2029 (Kilotons)
Table 30 Road Construction & Paving Market Size, By Region, 2017–2029 (USD Million)
Table 31 Road Construction & Paving Market Size, By Region, 2017–2029 (Kilotons)
Table 32 Roofing Market Size, By Region, 2017–2029 (USD Million)
Table 33 Roofing Market Size, By Region, 2017–2029 (Kilotons)
Table 34 Airport Construction Market Size, By Region, 2017–2029 (USD Million)
Table 35 Airport Construction Market Size, By Region, 2017–2029 (Kilotons)
Table 36 Others Market Size, By Region, 2017–2029 (USD Million)
Table 37 Others Market Size, By Region, 2017–2029 (Kilotons)
Table 38 Asphalt Additives Market Size, By Technology, 2017–2029 (USD Million)
Table 39 Asphalt Additive Market Size, By Technology, 2017–2029 (Kilotons)
Table 40 Hot Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 41 Hot Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 42 Cold Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 43 Cold Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 44 Warm Mix Technology Market Size, By Region, 2017–2029 (USD Million)
Table 45 Warm Mix Technology Market Size, By Region, 2017–2029 (Kilotons)
Table 46 Asphalt Additives Market Size, By Region, 2017–2029 (USD Million)
Table 47 Asphalt Additive Market Size, By Region, 2017–2029 (Kilotons)
Table 48 Asia Pacific: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 49 Asia Pacific: Market Size, By Country, 2017–2029 (Kilotons)
Table 50 Asia Pacific: Market Size, By Type, 2017–2029 (USD Million)
Table 51 Asia Pacific: Market Size, By Type, 2017–2029 (Kilotons)
Table 52 Asia Pacific: Market Size, By Application, 2017–2029 (USD Million)
Table 53 Asia Pacific: Market Size, By Application, 2017–2029 (Kilotons)
Table 54 Asia Pacific: Market Size, By Technology, 2017–2029 (USD Million)
Table 55 Asia Pacific: Market Size, By Technology, 2017–2029 (Kilotons)
Table 56 China: Market Size, By Type, 2017–2029 (USD Million)
Table 57 China: Market Size, By Application, 2017–2029 (USD Million)
Table 58 India: Market Size, By Type, 2017–2029 (USD Million)
Table 59 India: Market Size, By Application, 2017–2029 (USD Million)
Table 60 Japan: Market Size, By Type, 2017–2029 (USD Million)
Table 61 Japan: Market Size, By Application, 2014–2026 (USD Million)
Table 62 South Korea: Market Size, By Type, 2017–2029 (USD Million)
Table 63 South Korea: Market Size, By Application, 2017–2029 (USD Million)
Table 64 Indonesia: Market Size, By Type, 2017–2029 (USD Million)
Table 65 Indonesia: Market Size, By Application, 2017–2029 (USD Million)
Table 66 Malaysia: Market Size, By Type, 2017–2029 (USD Million)
Table 67 Malaysia: Market Size, By Application, 2017–2029 (USD Million)
Table 68 Australia: Market Size, By Type, 2017–2029 (USD Million)
Table 69 Australia: Market Size, By Application, 2017–2029 (USD Million)
Table 70 Rest of Asia Pacific: Market Size, By Type, 2017–2029 (USD Million)
Table 71 Rest of Asia Pacific: Market Size, By Application, 2017–2029 (USD Million)
Table 72 North America: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 73 North America: Market Size, By Country, 2017–2029 (Kilotons)
Table 74 North America: Market Size, By Type, 2017–2029 (USD Million)
Table 75 North America: Market Size, By Type, 2017–2029 (Kilotons)
Table 76 North America: Market Size, By Application, 2017–2029 (USD Million)
Table 77 North America: Market Size, By Application, 2017–2029 (Kilotons)
Table 78 North America: Market Size, By Technology, 2017–2029 (USD Million)
Table 79 North America: Market Size, By Technology, 2017–2029 (Kilotons)
Table 80 US: Market Size, By Type, 2017–2029 (USD Million)
Table 81 US: Market Size, By Application, 2017–2029 (USD Million)
Table 82 Canada: Market Size, By Type, 2017–2029 (USD Million)
Table 83 Canada: Market Size, By Application, 2017–2029 (USD Million)
Table 84 Mexico: Market Size, By Type, 2017–2029 (USD Million)
Table 85 Mexico: Market Size, By Application, 2017–2029 (USD Million)
Table 86 Europe: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 87 Europe: Market Size, By Country, 2017–2029 (Kilotons)
Table 88 Europe: Market Size, By Type, 2017–2029 (USD Million)
Table 89 Europe: Market Size, By Type, 2017–2029 (Kilotons)
Table 90 Europe: Market Size, By Application, 2017–2029 (USD Million)
Table 91 Europe: Market Size, By Application, 2017–2029 (Kilotons)
Table 92 Europe: Market Size, By Technology, 2017–2029 (USD Million)
Table 93 Europe: Market Size, By Technology, 2017–2029 (Kilotons)
Table 94 Germany: Market Size, By Type, 2017–2029 (USD Million)
Table 95 Germany: Market Size, By Application, 2017–2029 (USD Million)
Table 96 France: Market Size, By Type, 2017–2029 (USD Million)
Table 97 France: Market Size, By Application, 2017–2029 (USD Million)
Table 98 UK: Market Size, By Type, 2017–2029 (USD Million)
Table 99 UK: Market Size, By Application, 2017–2029 (USD Million)
Table 100 Italy: Market Size, By Type, 2017–2029 (USD Million)
Table 101 Italy: Market Size, By Application, 2017–2029 (USD Million)
Table 102 Russia: Market Size, By Type, 2017–2029 (USD Million)
Table 103 Russia: Market Size, By Application, 2017–2029 (USD Million)
Table 104 Spain: Market Size, By Type, 2017–2029 (USD Million)
Table 105 Spain: Market Size, By Application, 2017–2029 (USD Million)
Table 106 Rest of Europe: Market Size, By Type, 2017–2029 (USD Million)
Table 107 Rest of Europe: Market Size, By Application, 2017–2029 (USD Million)
Table 108 Middle East & Africa: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 109 Middle East & Africa: Market Size, By Country, 2017–2029 Kilotons)
Table 110 Middle East & Africa: Market Size, By Type, 2017–2029 (USD Million)
Table 111 Middle East & Africa: Market Size, By Type, 2017–2029 (Kilotons)
Table 112 Middle East & Africa: Market Size, By Application, 2017–2029 (USD Million)
Table 113 Middle East & Africa: Market Size, By Application, 2017–2029 (Kilotons)
Table 114 Middle East & Africa: Market Size, By Technology, 2017–2029 (USD Million)
Table 115 Middle East & Africa: Market Size, By Technology, 2017–2029 (Kilotons)
Table 116 Saudi Arabia: Market Size, By Type, 2017–2029 (USD Million)
Table 117 Saudi Arabia: Market Size, By Application, 2017–2029 (USD Million)
Table 118 UAE: Market Size, By Type, 2017–2029 (USD Million)
Table 119 UAE: Market Size, By Application, 2017–2029 (USD Million)
Table 120 Egypt: Market Size, By Type, 2017–2029 (USD Million)
Table 121 Egypt: Market Size, By Application, 2017–2029 (USD Million)
Table 122 Rest of Middle East & Africa: Market Size, By Type, 2017–2029 (USD Million)
Table 123 Rest of Middle East & Africa: Market Size, By Application, 2017–2029 (USD Million)
Table 124 South America: Asphalt Additives Market Size, By Country, 2017–2029 (USD Million)
Table 125 South America: Market Size, By Country, 2017–2029 (Kilotons)
Table 126 South America: Market Size, By Type, 2017–2029 (USD Million)
Table 127 South America: Market Size, By Type, 2017–2029 (Kilotons)
Table 128 South America: Market Size, By Application, 2017–2029 (USD Million)
Table 129 South America: Market Size, By Application, 2017–2029 (Kilotons)
Table 130 South America: Market Size, By Technology, 2017–2029 (USD Million)
Table 131 South America: Market Size, By Technology, 2017–2029 (Kilotons)
Table 132 Brazil: Market Size, By Type, 2017–2029 (USD Million)
Table 133 Brazil: Market Size, By Application, 2017–2029 (USD Million)
Table 134 Argentina: Market Size, By Type, 2017–2029 (USD Million)
Table 135 Argentina: Market Size, By Application, 2017–2029 (USD Million)
Table 136 Colombia: Market Size, By Type, 2017–2029 (USD Million)
Table 137 Colombia: Market Size, By Application, 2017–2029 (USD Million)
Table 138 Rest of South America: Market Size, By Type, 2017–2029 (USD Million)
Table 139 Rest of South America: Market Size, By Application, 2017–2029 (USD Million)
Table 140 New Product Launches & Developments, 2014–2019
Table 141 Expansions, 2014–2019
Table 142 Acquisitions, 2014–2019


List of Figures (50 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 Market of Asphalt Additives During Forecast Period
Figure 6 Road Construction & Paving Application Segment Projected to Lead Market of Asphalt Additives During Forecast Period
Figure 7 Hot Mix Technology Segment Projected to Lead Market of Asphalt Additives 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 Middle East & Africa to Grow at Highest Cagr During Forecast Period
Figure 11 Polymeric Modifiers Type Segment Estimated to Account for Largest Share in 2019
Figure 12 Roofing Application Segment to Grow at Highest Cagr During Forecast Period
Figure 13 Polymeric Modifiers Type Segment Projected to Account for Largest Market Share of Asphalt Additives in 2024
Figure 14 Warm Mix Segment to Grow at Highest Cagr During Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges for the Asphalt Additives Market
Figure 16 Cost Structure for the Manufacture of Asphalt Additives
Figure 17 Circulated Opacity Standard for Each Affected Facility
Figure 18 Polymeric Modifiers Segment Projected to Lead Market of Asphalt Additives During Forecast Period
Figure 19 Road Construction & Paving Application Segment Projected to Lead Market of Asphalt Additives During Forecast Period
Figure 20 Hot Mix Technology Segment Projected to Lead Market of Asphalt Additives During Forecast Period
Figure 21 Global Market, Regional Snapshot, 2018
Figure 22 Asia Pacific Market Snapshot
Figure 23 North America Market Snapshot
Figure 24 Europe Market Snapshot
Figure 25 Middle East & Africa Market Snapshot
Figure 26 South America Market Snapshot
Figure 27 Companies in Asphalt Additives Market Adopted Organic and Inorganic Growth Strategies Between 2014 and 2019
Figure 28 Market: Competitive Landscape Mapping, 2019
Figure 29 Market: Emerging Companies Competitive   Leadership Mapping, 2019
Figure 30 Nouryon: Company Snapshot
Figure 31 Nouryon: SWOT Analysis
Figure 32 Arkema SA: Company Snapshot
Figure 33 Arkema SA: SWOT Analysis
Figure 34 Honeywell International Inc.: Company Snapshot
Figure 35 Honeywell International Inc: SWOT Analysis
Figure 36 Evonik Industries.: Company Snapshot
Figure 37 Evonik Industries: SWOT Analysis
Figure 38 Kraton Corporation: Company Snapshot
Figure 39 Kraton Corporation: SWOT Analysis
Figure 40 BASF SE.: Company Snapshot
Figure 41 BASF SE: SWOT Analysis
Figure 42 Ingevity Corporation.: Company Snapshot
Figure 43 Arrmaz: 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
Figure 49 Iterchimica SRL: Company Snapshot
Figure 50 Grupo Dynasol: 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

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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.

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

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).
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