Press release
Asphalt Additives Market Growth 2018-2026 |Key Players are Evonik, Tr Chem Industries, DuPont Evalay, MeadWestvaco Corporation, Akzo Nobel, Kao Corporation
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Asphalt additive are generally used in road surfaces, airports, parking lots, runway, roofing, road construction and road paving. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement, which is a product of crude oil. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility.
Mix designs of asphalt additives are required to determine the grade and percent of emulsion used, as well as the workability, stability, strength and moisture. Cold mix asphalt is manufactured by emulsifying the asphalt mix with the aggregates. In emulsified state the asphalt is less viscous and the mixture is easy to work even in cold temperatures. Cold mix asphalt are ideal for road repairs as they require smaller volume.
Asphalt additives are used for new construction as well as maintenance activities. Asphalt derivatives are used in formulating mortar admixtures and concrete. They also find application in manufacturing of gypsum, cement plasterboard and asphalt emulsions. Apart from this, asphalt is also commonly used as a waterproofing material for roofing applications. Various asphalt additives used in the construction industry include foaming agents, dispersants, deformers, grinding aids, accelerators and air entrainers.
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Asia Pacific and Middle East regions have increasing demands of asphalt additives, due to their reusable applications. Expansion in various geographies is a key strategy adopted by the major players in the asphalt additives market. IN September 2015, CalPortland completed expansion of the business in California which will add to the manufacturing capacity of the company. Evonik, Tr Chem Industries, DuPont Evalay, MeadWestvaco Corporation, Akzo Nobel, Kao Corporation, Delta Companies and Arr. Maz CalPortland, AkzoNobel N.V., Tri-Chem Industries, Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, Kao Corporation, Honeywell International Inc., ArrMaz, and The Arkema Group are the potential companies operating in asphalt additive market industry.
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