[PDF] What Are Prominent Factors That Drive The Growth Of The Global Asphalt Additives Market Throughout Over 2021-2028?

Global Asphalt Additives Market Research Report initially provides a basic overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the market.

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Asphalt additives are chemical additives added to asphalt as a way to enhance the bond between the aggregate and the base material to make asphalt more permeable and thereby reduce the amount of friction that occurs on driving surfaces when driven over. Asphalt additives also enhance the speed of asphalt's setting, which in turn reduces the amount of time that asphalt needs to set and cure for the specific application. The additives also help in the weather-proofing of asphalt.

There are several ways in which asphalt additives can be used to improve the performance of pavements. In wet climates such as those found in many parts of the U.S., it is a common practice to apply asphalt additives to reduce the amount of hydrostatic pressure that is associated with driveways. By sealing the pores of the concrete, asphalt additives prevent hydrostatic pressures from building up and hence improve the protection of concrete pavements. They also act as an anti-corrosion and anti-rust additive for pavements in both dry and wet climates.

The increasing urbanization and the demand for new roads and modern infrastructure in the world, especially in developing nations are the main factors that are enhancing the growth of the global asphalt additives market. For instance, according to Non Resident Indians Online, there are over 4,000 cities and towns in India. Around 300 cities have a population of more than 1,00,000. Among them, 7 cities have over 3 million population. Urbanization of these areas required several modern infrastructures and new transport routes which are fuelling the growth of the market. Additionally, the increasing usage of this material in several other sectors is also enhancing the growth of the global asphalt additives market.

Aside from this, asphalt additives also help in the construction of pavements and increase their life span. The most commonly used asphalt additives in the U.S. include water-based asphalt adhesive, hot mix asphalt, liquid asphalt, polyethylene glycol (PEG) based asphalt, epoxy resin, and tar/gravel in conjunction with several other types of additives. Most asphalt additives are categorized according to their method of action and purpose in the manufacturing of asphalt pavement materials. While some others, like PEG, are classified according to the number of additives that should be mixed to create a particular type of asphalt pavement. However, the launch of several other alternatives is the main factor that is negatively the growth of the global asphalt additives market.

The increasing construction activity in the region is driving the growth of the global asphalt additives market, in the Asia Pacific. For instance, according to the Builders’ Association of India, the construction industry in India includes around 200 firms in the corporate sector. Moreover, the increasing presence of key market players along with new product launches is also aiding the growth of the market. These factors have resulted in several industrial developments in the global asphalt additives market. For instance, in May 2019, Arkema S.A acquired ArrMaz from Golden Gate Capital.

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Table of Contents

Research Objectives and Assumptions
Market Purview
Market Dynamics, Regulations, and Trends Analysis
Global Asphalt Additives Market – Impact of Coronavirus (Covid-19) Pandemic
Global Asphalt Additives Market, By Price Range, 2017 - 2027 (US$ Million)
Global Asphalt Additives Market, By Operating System, 2017 - 2027 (US$ Million)
Global Asphalt Additives Market, By Region, 2017- 2027 (US$ Million)
Section
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2027) of the following regions are covered:

North America (Canada, Mexico)
Europe (UK, France, Italy)
Asia-Pacific (China, Japan)
South America (Brazil, Argentina)
Middle East and Africa

Key questions answered in this report:

Which players hold the significant Asphalt Additives market share and why?
What strategies are the Asphalt Additives market players forming to gain a competitive edge?
Why region is expected to lead the global Asphalt Additives market?
What factors are negatively affecting the Asphalt Additives market growth?
What will be the value of the global Asphalt Additives market by the end of 2027?

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)
Desk Research
Proprietor Data Analytics Model

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