02-11-2019 07:27 PM CET - Industry, Real Estate & Construction

The Asphalt modifier market is expected to grow at a rapid rate by end of the year 2022, The Key players are Akzo Nobel, Arkema, BASF SE, DuPont, ExxonMobil Corp., Honeywell International

Press release from: Kenneth Research

The Asphalt modifier can be specified as materials which are being mixed in asphalt cement to make some modification in the properties of asphalt cement to meet specifications. It is basically an additive material to the asphalt cement. Asphalt modifiers are used to achieve modifications such as lower, higher stiffness at high temperatures, required level of viscosity in the cement, increased adhesion. It finds its use majorly in the construction industry, in repairing or constructing new structures.

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Market Dynamics:

The Asphalt modifier market is expected to grow at a rapid rate in the coming years. The market is expected to grow at an annual CAGR of XX.XX%. This growth can be attributed to the increase in the requirement of roads and pavements. It can also be attributed to the requirement of different properties in asphalt cement which cannot be attained without adding additives. And also Mix asphalt which is expected to replace the traditional cement would also drive the Asphalt modifier market in the positive direction.
On the other side of the coin, the reasons which could slow down the growth in the Asphalt modifier market is the economic slowdown which has affected the construction industry very heavily worldwide, and also the health hazards which are expected to effect when asphalt cement is being used.

Market Segmentation:

The market for Asphalt modifier market can be segmented based on the type, application, and end user. On the basis of type, the Asphalt modifier market can be segmented into physical modifiers, chemical modifiers, fibers, adhesion improvers, extenders, fillers, antioxidants, anti-strip modifiers and others. On the basis of Applications, the market for Asphalt modifier market can be segmented into Paving, Roofing and others.


The market for Asphalt modifier based on geographies can be categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa. The highest market for Asphalt modifier market is considered to be the Asia-Pacific region. This can be attributed to the drastic increase in the construction sector in countries like India and China. And also the government investment into construction in these countries had also been one of the reason for Asia-Pacific region having the highest market share.

Key Players:

The Key players in the asphalt modifier industry are Akzo Nobel, Arkema, BASF SE, DuPont, ExxonMobil Corp., Honeywell International, Kao Corporation, and The Dow Chemical Company

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

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North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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