Press release
Asphalt Additives Market Growing Trade Among Emerging Economies Opening New Business-Opportunities
Asphalt Additives Market
Transparency Market Research delivers key insights on the global asphalt additives market. In terms of revenue, the global asphalt additives market is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global asphalt additives market.
The global asphalt additives market is broadly affected by several factors, including rise in usage of asphalt additives in Reclaimed Asphalt Pavement (RAP). Thus, increase in applications of asphalt additives in RAP is propelling the global asphalt additives market.
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Asphalt Additives Market: Key Players
The global asphalt additives market is fragmented with the presence of a large number of players. Key players operating in the global asphalt additives market are Nouryon, Arkema, BASF SE, Arrmaz, Grupo Dynasol, Ingevity, Iterchimica, MCASPHALT, China Petroleum and Chemical Corporation, ATDM Co., Cargill, Inc., Birkshire Engineering Supplies, Engineered Additive LLC, Kao Corporation, Honeywell International Inc., Petrochem Specialties, Huntsman International LLC, Sasol Ltd., Dupont De Nemours, Inc., Dow, and Kraton Corporation.
Asphalt Additives Market: Prominent Regions
Asia Pacific was a leading region of the global asphalt additives market in 2020. The region is estimated to continue to dominate the global asphalt additives market during the forecast period. Rise in investments in road construction due to the growth in population and increase in road traffic in developing countries such as China and India is likely to drive the asphalt additives market in the region.
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In terms of consumption, Asia Pacific is followed by Europe and North America. Europe accounted for moderate share of the global asphalt additives market in 2020. The road building industry in Europe is expected to expand due to the strengthening economy of countries in the region. This is leading to an increase in construction activities and investments and jobs in Europe. Thus, Europe accounts for key share of the global asphalt additives market. Increase in demand for export of products containing asphalt additives, especially for making pulp and paper, is propelling the asphalt additives market in the region.
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Asphalt Additives Market - Scope of the Report
The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global asphalt additives market in order to accurately gauge its future growth. The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the global asphalt additives market so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how the global asphalt additives market would expand during the forecast period of 2021 to 2031.
The report offers intricate dynamics about different aspects of the global asphalt additives market, which aids companies operating in the market in making strategic development decisions. TMR's study also elaborates on significant changes that are highly anticipated to configure growth of the global asphalt additives market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global asphalt additives market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (kilo tons).
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Key Questions Answered in TMR's Report on Asphalt Additives Market
Which application segment of the global asphalt additives market would emerge as major revenue generator during the forecast period?
How are key market players successfully earning revenues out of advantages of asphalt additives?
What would be the Y-o-Y growth trend of the global asphalt additives market between 2021 and 2031?
What are the winning imperatives of leading players operating in the global asphalt additives market?
Which type segment is expected to create lucrative opportunities for the global asphalt additives market during the forecast period?
Which are leading companies operating in the global asphalt additives market?
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