Asphalt Additives Market 2022 Development By 2028

Precision Business Insights published a research report on “Asphalt Additives Market: By Product Type (Polymeric modifiers, Anti-strip & adhesion promoters, Emulsifiers, Chemical modifiers, Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)), By Application (Road construction & paving, Roofing, Airport construction, Others (parking lots and bridges)), By Technology (Hot Mix, Cold Mix, Warm Mix), and Geography- Global/Region/Country Forecast to 2027”. The global asphalt additives market size was valued at USD 3.6 billion in the year 2020 and anticipated to grow at USD 4.5 billion till 2027 witnessing a CAGR rate of 6.6% during the prediction time span 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Asphalt Additives Market: By Product Type (Polymeric modifiers, Anti-strip & adhesion promoters, Emulsifiers, Chemical modifiers, Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)), By Application (Road construction & paving, Roofing, Airport construction, Others (parking lots and bridges)), By Technology (Hot Mix, Cold Mix, Warm Mix), and Geography- Global/Region/Country Forecast to 2027”.

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Substances or chemicals which are added to the asphalt to change the finishing outcome of concrete are called as asphalt additives. These additives refer to a number of substances, which can be added to the asphalt binder for the purpose of changing characteristics of the finishing blend of HMA. Extenders, antioxidants, antistripping additives, hydrocarbons polymers, extenders, oxidants and chemical modifiers are the additives being utilized to enhance AC performances. Phosphoric acid is the most frequently used chemical modifier. It can also be used in combination with polymers for increasing high-temperature stiffness. Additives are used for different purposes like to reduce traffic volumes, tire pressure and traffic loads and to construct HMA pavements.

Increasing customer liking towards asphalt additives for roofing applications are anticipated to enhance the growth of global market. Such additives are added to roofing products for high quality and UV resistance. Huge investments made in construction industry to fulfill growing residential and industrial infrastructure demand in BRICS is anticipated to impel the overall demand in the respecting economies, further complementing the worldwide market growth. There are a few factors restraining the asphalt additives market growth such as the dearth of consciousness regarding asphalt additives and unpredictability in asphalt supply and price.

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On the basis of regional analysis, asphalt additives market is categorized into different regions such as Asia Pacific, North America, Europe, Middle East, Africa and Latin America. Use of facilities and maximum economic growth in economies of this region are possible with the execution of novel infrastructure projects. Therefore, the road infrastructure projects in different economies of this region by governments are projected to fuel the asphalt additives market. North America asphalt additives market is expected to witness the second highest market share in the market. Increase in road building and construction activities in the U.S. is anticipated to drive the demand for the global asphalt additives market in Asia Pacific. Stringent environmental regulations in Europe are anticipated to support the use of warm mix of asphalt and projected which consequently drives the popularity and the demand for the Europe asphalt additives market.

Competitive Analysis - Asphalt Additives Market
There are a few major players working in the asphalt additives market such as Ingevity Corporation (U.S.), The Dow Chemical Company (U.S.), Arkema S.A. (France), I. du Pont de Nemours and Company (U.S.) and Sasol Limited (South Africa). Key players of this market focus on adopting a few strategies.

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