Asphalt Additive Companies

The global asphalt additive market is projected to grow from USD 4.62 billion in 2025 to USD 6.60 billion by 2030, at a CAGR of 7.4% during the forecast period. The increase in road construction projects, especially in emerging economies, along with the rising use of asphalt additives in roofing applications, are key factors driving the growth of the global asphalt additives market. These additives improve the durability, performance, and weather resistance of asphalt, making them vital in both infrastructure and commercial roofing sectors. Additionally, growing environmental concerns are increasing the demand for sustainable and modified asphalt solutions, further supporting market expansion.

Asphalt Additive Companies

Kraton Corporation (US), Arkema SA (France), Ingevity Corporation (US), Nouryon (Netherlands), and BASF SE (Germany) are the major players in this market. To increase their market share, these players have adopted strategies of acquisitions, product launches, and expansions.

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Kraton Corporation

Kraton Corporation produces and sells specialty polymers and bio-based chemicals that deliver outstanding value. The company manufactures high-performance materials that distinguish the products of their customers and meet multi-market needs as a major global producer of styrenic block copolymers (SBC) and pine chemicals. It offers performance chemicals, performance products, specialty polymers, adhesives, Cariflex, and tires. In September 2016, Kraton Performance Polymers Inc. changed its name to Kraton Corporation. Kraton operates through two segments: Polymer and Chemical. The company supplies asphalt additives under its Polymer segment. It has a strong geographic presence across the Americas, Europe, the Middle East, Asia Pacific, and Africa, with operations in over 70 countries spanning a wide range of end markets.

Arkema SA

Arkema SA manufactures and distributes chemical products. The company operates through three segments: High Performance Materials, Industrial Specialties, and Coating Solutions. The High Performance Materials segment, which includes the Filtration and Adsorption, Technical Polymers, and Organic Peroxides business units, provides high-value solutions used in various industries such as oil extraction, transportation, consumer goods, electronics, renewable energies, construction, water treatment, and coatings. The Industrial Specialties segment includes the following business units: Fluorochemicals, Thiochemicals, Polymethyl Methacrylate, and Hydrogen Peroxides. The Coating Solutions segment offers products for industrial coatings, decorative paints, adhesives, and high-growth acrylic applications. Arkema SA also offers asphalt additives through its Adhesives division. The company operates 136 production sites across Europe, North America, and Asia, with sales offices in over 55 regions countries.

Ingevity Corporation

Ingevity Corporation manufactures high-performance carbon materials and specialty chemicals. Its specialty chemical products are used in various high-performance applications, including oilfield technologies, pavement technologies, and industrial specialties. The company operates through two segments: Performance Materials and Performance Chemicals. The Performance Materials segment provides automotive carbon products used in gasoline vapor emission control systems for boats, trucks, cars, and motorcycles. The Performance Chemicals segment offers products derived from pine chemicals, which are used in oilfield technologies, asphalt paving, and other diverse industrial applications such as adhesives, lubricants, agrochemical dispersants, publication inks, and petroleum. The company has a presence in over 31 countries, with 14 manufacturing facilities and seven technical centers across North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Nouryon

Nouryon was officially established in 2018 following the sale of AkzoNobel Specialty Chemicals to the Carlyle Group and GIC. It is one of the world's largest producers of specialty chemicals. The company operates through two business units: Performance Formulations and Technology Solutions. Asphalt additives are supplied through its Surface Chemistry division. Nouryon markets its products under brands such as Redicote, Wetfix, Diamine, and Kling Beta, with operational sites in more than 80 countries, including the Netherlands, Germany, Sweden, China, the US, and Brazil.

BASF SE

BASF SE is the second-largest German manufacturer and marketer of chemicals worldwide. The company operates six integrated production sites and 390 manufacturing facilities across more than 80 countries in Asia, Europe, Australia, the Americas, and Africa. BASF Corporation is a subsidiary of BASF SE, which functions through seven business divisions: Surface Technologies, Materials, Chemicals, Industrial Solutions, Agricultural Solutions, Nutrition & Care, and Other. The Chemicals division supplies petrochemicals and intermediates. The Materials division provides advanced materials as well as inorganic basic products and specialties for plastic and plastic processing industries. The Industrial Solutions division supplies additives such as polymer dispersions, pigments, resins, electronic materials, antioxidants, and admixtures for industrial use. The Surface Technologies division offers chemical solutions for the automotive and chemical industries. The Nutrition & Care division produces products related to flavors & fragrances, food & feed, and pharmaceuticals. The Agricultural Solutions division provides crop protection and seed treatment products.

Market Ranking

In the global asphalt additive market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as Kraton Corporation (US), Arkema SA (France), Ingevity Corporation (US), Nouryon (Netherlands), and BASF SE (Germany) play a crucial role in the global supply, accounting for a significant share of total asphalt additive production and exports. Key players continuously invest in capacity expansions and strategic alliances to strengthen their market positions. Strategic acquisitions, agreements, partnerships, collaborations, product launches, and expansions are key competitive forces shaping the market, as companies aim to improve scalability, manufacturing efficiency, and cost-effectiveness in response to increasing demand in the chemical sector and global sustainability regulations.

Related Reports:

Asphalt Additive Market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt), Technology, Application (Road & Paving, Roofing), and Region - Global Forecast to 2030