Asphalt Additives Market To 2024, Growth Rate, Size, Share Analysis by Key Players - Arkema Group, Kao Corporation, Honeywell International Inc., The Dow Chemical Company, E. I. du Pont de Nemours and Company

The report on global Asphalt Additives Market imparts the industry growth factors along with the current environment and expecting future trends of the market based on comprehensive research. The report extensively offers the market size, share and forecasts for the period 2017-2024. The report further includes the drivers and restraints of the market along with their influence on demand during the forecast period. Additionally, the report also highlights a detailed analysis of the market segment on the global and regional level.

Asphalt additives are those substances which when added to asphalt help to modify characteristic of asphalt. The reason for adding additives to asphalt is to increase the functional temperature range and enhance the binding property of asphalt. The additives also help in improving the thickness of asphalt film. This helps to prevent cracking, raveling and deformation of the asphalt film. Overall, additives help to reduce the maintenance of asphalt constructions.

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Asphalt additives are classified according to technology by hot/warm mix and cold mix. Hot/Warm mix technology helps to produce superior-quality asphalt concrete, which is utilized in the construction of highways and freeways. So, this technology is widely used. Asphalt additives are segmented according to application as road construction & paving, roofing and others (including airfields, parking lots, drinking water enclosures, waste disposal sites and bridge decks). Road construction and paving is the largest growing segment and is expected to rise during the forecast period.

The key drivers for the asphalt additives is growing demand in construction industry and growing consumer inclination towards asphalt additives for roofing applications. The huge investments in construction sector to meet industrial and residential infrastructure demand in developing nations is expected to boost the market. Rise in government projects for road construction in developing economies is expected to fuel the market growth. The key constraint of this market is the availability of cheaper alternatives such as concrete and gypsum.

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Asia Pacific is the largest market of the asphalt additives and is expected to grow during the forecast period. The growth of infrastructural development in developing economies such as China and India is estimated to boost demand for asphalt additives. Middle East & Africa is expected to be the fastest growing market for asphalt additives due to rising expenditure on construction projects. The key manufacturers of asphalt additives are Arkema Group, Kao Corporation, Honeywell International Inc., the Dow Chemical Company, E. I. du Pont de Nemours and Company, Berkshire Engineering Supplies, Engineered Additives and Huntsman Corporation.

Major Table Of Contents:
1.Introduction To The Asphalt Additives Market
2.Executive Summary
3.Market Analysis Of Asphalt Additives
4.Asphalt Additives Market Analysis By Technology
5.Asphalt Additives Market Analysis By Application
6.Asphalt Additives Market Analysis By Geography
7.Competitive Landscape Of Asphalt Additives Companies
8.Company Profiles Of Asphalt Additives Industry

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