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Asphalt Additives Market Statistics, Top Major Players 2033
Asphalt Additives Market
The Business Research Company presents an extensive market research report on the "Asphalt Additives Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Asphalt Additives industry. This report on Asphalt Additives market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The asphalt additives market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to government investments in transportation infrastructure, expansion of the transportation network, rise in infrastructure rehabilitation projects, economic growth, rise in construction sector.The asphalt additives market size is expected to see strong growth in the next few years. It will grow to $6.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
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Key Market Players:
Arkema S.A., ArrMaz Products Inc., BASF SE, Evonik Industries AG, Huntsman Corporation
Market Drivers:
According to the Asphalt Additives Market Report 2024 by The Business Research Company, An increase in road construction projects is expected to propel the growth of the asphalt additives market. 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. For instance, according to the India Brand Equity Foundation (IBEF), a Trust established by the Department of Commerce, Ministry of Commerce and Industry, and Government of India, despite the pandemic and shutdown, India built 13,298 kilometers of roadways in FY21. Therefore, an increase in road construction projects is expected to drive the asphalt additives market.
More information about the Global Asphalt Additives Market Report -
https://www.thebusinessresearchcompany.com/report/asphalt-additives-global-market-report
Market segments for Asphalt Additives include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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https://www.thebusinessresearchcompany.com/report/asphalt-lubricating-oil-and-grease-global-market-report
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https://www.thebusinessresearchcompany.com/report/roofing-underlayment-global-market-report
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