Press release
Flooring Asphalt Additives Market will Reach Revenues Worth US$ 8 Billion by 2031
According to Fact.MR, the global asphalt additives market is slated to touch an impressive valuation of nearly US$ 8 Bn, expanding 1.5x from 2021-2031. Sustainable designs and new construction initiatives are generating opportunities in the road infrastructure industry.A move towards green infrastructure in the construction of asphalt paved roads will play a significant role in amplifying the demand for asphalt additives.
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Key Segments Covered
Type
Anti-strip Asphalt Additives
Bitumen Emulsifiers Asphalt Additives
Asphalt Cement Additives
Polymer Modifier Asphalt Additives
Asphalt Additive Fillers and Fibers
Asphalt Additive Rejuvenators
Other Asphalt Additives
Technology
Warm/Hot Mix Asphalt Additives
Cold Mix Asphalt Additives
Application
Asphalt Additives for Road Construction
Asphalt Additives for Runways and Parking Lot
Asphalt Additives for Roofing Sector (Asphalt Shingles)
Asphalt Additives for Other Applications (Floorings, Courts, etc.)
The latest industry analysis and survey on Asphalt Additives provides sales outlook in 20+ countries, across key categories. Insights and outlook on Asphalt Additives market drivers, trends, and influencing factors are also included in the study.
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The report also offers key trends of Asphalt Additives market and an in-depth analysis of how the projected growth factors will shape the Asphalt Additives market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Asphalt Additives Market that are developing the current market scenario and which will be lucrative for the future demand of Asphalt Additives Market.
Key Takeaways of the Asphalt Additives Market
Warm/hot mix segment led the asphalt additives market in 2018. It is likely to maintain its hegemony during the forecast period. The warm/hot mix segment is also anticipated to expand at a rapid pace in the asphalt additives market during the forecast period.
Polyester modifiers accounted for more than one third of the asphalt additives market in 2018. It is likely to decline during the forecast period on the back of increasing penetration of other additives such as bitumen emulsifiers and rejuvenators.
Fact.MR says demand for road construction is expected to grow 1.5X over the next decade owing to an increased demand for sustainable roads
Middle East & Africa are anticipated to witness a significant growth of around 6% through the forecast period. Asphalt additives market in the Middle East and Africa is highly influenced by new road network projects which promotes the use of asphalt additives. The project is part of its efforts to achieve sustainability, promote innovation, encourage recycling and create a national green road network.
The Demand of Asphalt Additives Market study includes the current market scenario on the global platform and also Sales of Asphalt Additives Market development during the forecast period.
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The Market insights of Asphalt Additives will improve the revenue impact of businesses in various industries by:
• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Asphalt Additives Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Asphalt Additives market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Asphalt Additives market .
List of the Leading Companies Profiled in the Asphalt Additives Market are:
To provide decision-makers with credible insights on their competitive landscape, the Asphalt Additives Market industry research report includes detailed competitive landscape analysis.
The competitive landscape analysis for Asphalt Additives Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Asphalt Additives manufacturers is provided so business leaders can understand the market scenario.
An assessment on the winning strategies of key Asphalt Additives Market manufacturers is provided, with recommendation on what works well in Asphalt Additives Market landscape.
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Competitive Landscape
The asphalt additives market is consolidated, with prominent market players focusing on expanding their presence through acquisitions and mergers. Leading players are focusing their efforts on developing innovative products to strengthen their position in the global market.
In March 2021, seven companies from the GET H2 initiative show how rapidly the planning of the national and European hydrogen economy is developing. The consortium wants to build a cross-border infrastructure for hydrogen - from the production of green hydrogen to transport and industrial use.
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage, and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project.
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