Asphalt Modifiers Market 2021 Value with Status and Global Analysis - Nouryon, Arkema Inc., ArrMaz, BASF SE, Cargill Inc., DuPont, Engineered Additives LLC

The Asphalt Modifiers Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The market for asphalt modifiers is anticipated to register a CAGR of more than 6% during the forecast period.

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Top Leading Companies of Asphalt Modifiers Market are Nouryon, Arkema Inc., ArrMaz, BASF SE, Cargill Inc., DuPont, Engineered Additives LLC, Eurovia Services GmbH, Evo-nik Industries Corporation, ExxonMobil Chemical, Genan Holding AS, Honeywell International Inc., Kao Corporation, Kraton Performance Polymers Inc., McAsphalt Industries Limited, PQ Corporation, Romonta GmbH, Sasol Ltd, Dow, and others.

Key Market Trends

Increasing Demand from Paving Application

- Asphalt concrete mixture has been an important construction material for roads, airport runways, taxiways, bicycle paths, etc. Modifiers, such as binder modifiers (such as polymers, elastomers, fibers, rubber) and aggregate modifiers (such as lime, granulated rubber, anti-strip agents) are used to improve the performance of asphalt pavements, in terms of increased resistance to pavement distresses, such as thermal cracking, rutting, stripping etc., thereby prolonging the service life.

- In the recent years, the global demand for asphalt modifiers has been witnessing an above average growth. The demand for asphalt modifiers has a direct correlation with the level of ongoing road construction activities around the world.

- The gradual changes in the way mobility and transportation are consumed are expected to be witnessed, over the coming decades. By 2030, annual passenger traffic is expected to exceed 80 trillion passenger-kilometers. Global freight volumes is likely to grow by 70%, and an additional 1.2 billion cars are expected to be on the road by 2050. Therefore, to meet the additional demand, improvements in road transport network and up-gradation activities of highway infrastructure are expected to occur during the forecast period, thereby boosting the demand for asphalt modifiers.

Regional Outlook of Asphalt Modifiers Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Asphalt Modifiers Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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