Press release
Asphalt Additives Market Sales, Supply, Demand, Analysis And Future Forecast To 2032
Asphalt Additives Market
The Business Research Company's Asphalt Additives Global Market Report 2023 identifies An increase in road construction projects as the major driver for the Asphalt Additives market's growth in the forecast period. Roads play a critical role in economic development and progress, as well as providing significant social advantages and asphalt additives are used in constructing roads as it improves the quality of the road and makes it more durable
The global asphalt additives market size grew from $3.62 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The asphalt additives market size is expected to grow to $5.57 billion in 2027 at a CAGR of 9.2%.
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Major competitors in the Asphalt Additives market are Arkema SA, Arrmaz, BASF SE, Evonik Industries, Huntsman Corporation, Nouryon, Sasol Limited, Sinopec Corporation, Solvay SA, Jiangsu Jinyang, Zibo bridge lung, Berkshire Engineering Supplies, Engineered Additives, Sonneborn, LUCOBIT, Tri-Chem Specialty Chemicals LLC, Colas, and Cargill Inc
A key trend in the Asphalt Additives market includes Bio-based asphalt additives. The use of rubber in the asphalt business has shown several benefits in the pavement sector such as improved workability.
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The Asphalt Additives market is segmented -
1) By Type: Polymeric Modifiers, Anti-strip And Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt
2) By Technology: Hot Mix, Cold Mix, Warm Mix
3) By Application: Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Asphalt Additives market.
The Business Research Company's "Global Asphalt Additives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Asphalt Additives Market Include:
1. Executive Summary
2. Asphalt Additives Market Characteristics
3. Asphalt Additives Market Trends And Strategies
4. Asphalt Additives Market - Macro Economic Scenario
5. Asphalt Additives Market Size And Growth
.......
26. Africa Asphalt Additives Market
27. Asphalt Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asphalt Additives Market
29. Asphalt Additives Market Future Outlook and Potential Analysis
30. Appendix
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