Asphalt Additives Market Growth Rate at CAGR (%) and Market Forecast by 2025

This study focuses on the production side and consumption side of Asphalt Additives, presents the global Asphalt Additives market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Asphalt Additives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of Asphalt Additives by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.

The technical barriers of asphalt additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Japan and USA. The key companies in asphalt additives market include. Evonik, Kraton, DuPont, Arkema, Sinopec, LCY CHEMICAL CORP. In 2015, the demand for asphalt additives in all regions is leveling off. The demand for these products will grow steadily.

In the past few years, the price of asphalt additives decreased and we expect the price has pressure to increase in short time with new capacity released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of asphalt additives. Therefore, to some extent, the companies face the risk of profit decline.

The Asphalt Additives market was valued at 4010 Million US$ in 2017 and is projected to reach 5420 Million US$ by 2025, at a CAGR of 3.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Asphalt Additives.

This report includes the following manufacturers; we can also add the other companies as you want.

Evonik

Kraton

DuPont

Arkema

Dow Chemical

Akzo Nobel

Huntsman

Berkshire Engineering Supplies

ArrMaz

Kao Corporation

Engineered Additives

BASF

Sonneborn

Honeywell

Ingevity

LUCOBIT

Sinopec

LCY CHEMICAL CORP

Jiangsu Jinyang

Zibo bridge lung

Market Segment by Product Type

Asphalt Modifier

Antistripping agent

Asphalt emulsifier

Surfactant additives

Foam stabilizer

Others

Market Segment by Application

Road construction & paving

Roofing

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Market size split by Region

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

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