Press release
Asphalt Additives Market is Expected to Touch a Value of $5.3 billion by 2027
Allied Market Research published a report, titled, "Asphalt Additives Market by by Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier and Others) and Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global asphalt additives market garnered $3.6 billion in 2019, and is estimated to reach $5.3 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027.Drivers, restraints, and opportunities:
Increase in demand for asphalt from road construction industry, growth in conformity with latest manufacturing standards, and rapid urbanization drive the global asphalt additives market. However, change in regulatory environment restrains the market growth. On the other hand, rise in awareness regarding energy conservation & sustainable infrastructure creates new opportunities in the coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/595
Covid-19 Scenario
• During coronavirus pandemic, governments have held the budget allocations and investments in constructing new highways and expressways.
• However, the demand for asphalt additives have been decreased, especially in Asia-Pacific region, owing to the rapid transmission of corona virus in this region.
• Moreover, due to lockdown, construction activities have been halted all across the world to avoid the spread of corona virus.
Get Detailed COVID-19 Impact Analysis on the
Asphalt Additives Market @ https://www.alliedmarketresearch.com/request-for-customization/595?reqfor=covid
The polymerized asphalt cement segment to maintain its lead status in terms of revenue throughout the forecast period:
Based on type, the polymerized asphalt cement segment accounted for more than half of the total share of the global asphalt additives market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to increased usage polymerized asphalt cement in road maintenance and repair activities to renovate previously constructed roads. However, the novophalt segment is estimated to portray the highest CAGR of 5.9% from 2020 to 2027, owing to the emergence of new urban areas in developing economies like China and India. Furthermore, this countries requires an efficient road construction mechanism to optimize maintenance costs and to provide stripping and rutting-free road surfaces.
The road construction segment to maintain its leadership position during the forecast period:
Based on application, the road construction segment contributed to the highest market share, accounting for more than half of the global asphalt additives market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to construction of new roads along with road maintenance and repair projects in the developing countries like Brazil, China and India. However, the roofing segment is estimated to generate the fastest CAGR of 7.1% from 2020 to 2027. This is due to rapid urbanization in developing nations such as China and India.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/595
Asia-Pacific, followed by North America, to maintain its dominant by 2026:
Based on region, Asia-Pacific, followed by North America, accounted for the highest share based on revenue, holding for nearly one-thirds of the global asphalt additives market in 2019, and is projected to maintain its dominant position throughout the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 5.6% from 2020 to 2027. This is attributed to the growth in infrastructure and building & construction activities that include construction of highways, expressways, residential complexes across the developing economies such as China and India. In addition, North America is anticipated to portray a CAGR of 5.4% during the forecast period.
Leading market players
• Arkema Group
• Akzo Nobel N.V.
• Evonik Industries AG
• Huntsman International LLC
• Ingevity, KAO Corporation
• Nouryon, Sasol
• Tri-Chem Specialty Chemicals, LLC.
• Bershire Engineering Supplies
• Kraton
• BASF SE
• Engineered Addtives LLC
• Delta Companies Inc
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asphalt Additives Market is Expected to Touch a Value of $5.3 billion by 2027 here
News-ID: 2067340 • Views: …
More Releases from allied market research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
