Press release
Asphalt Additives Market Growth Trends, Strategies, New Outlook By 2033
Asphalt Additives Market Growth
As per the report, 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 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%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=6516&type=smp
Road Construction Boom Fuels Growth In The Asphalt Additives Market
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 kilometres of roadways in FY21. Therefore, an increase in road construction projects is expected to drive the asphalt additives market.
Bio-Based Asphalt Additives Transforming The Asphalt Industry
Bio-based asphalt additives are shaping the asphalt additives market. The use of rubber in the asphalt business has shown several benefits in the pavement sector such as improved workability. For instance, in November 2021, Puma Energy International S.A., a Switzerland-based company involved in bitumen sourcing and supply partnered with Cargill, Incorporated, a US-based company that offers goods and services in the risk management, financial, industrial, agricultural, and food industries, introduced to customers in Australia the Cargill Anova product line of bio-based asphalt additives, including the Anova warm mix additive and the Anova asphalt rejuvenator. One advantage of the Anova warm mix additive is that it is a non-hazardous, vegetable-derived product.
The asphalt additives market covered in this report 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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6516&type=discount
Major companies operating in the asphalt additives market include Arkema S.A., ArrMaz Products Inc., BASF SE, Evonik Industries AG, Huntsman Corporation, Nouryon Holding B.V., Sasol Limited, China Petroleum & Chemical Corporation., Solvay SA, Jiangsu Jinyang Group Co. Ltd., Zibo Bridge Lung Chemical Co. Ltd., Berkshire Engineering Supplies Ltd., Engineered Additives LLC., Sonneborn LLC., LUCOBIT AG, Tri-Chem Specialty Chemicals LLC., Colas SA, Cargill Inc., Owens Corning Corporation, CRH PLC., Honeywell International Inc., Kraton Corporation, Akzo Nobel NV, Grupo Dynasol S.A. de C.V., McAsphalt Industries Limited, ATDM Co Ltd., Kao Corporation., Petrochem Specialties Inc., Dupont De Nemours Inc.
Contents of the report:
1. Executive Summary
2. Asphalt Additives Market Report Structure
3. Asphalt Additives Market Trends And Strategies
4. Asphalt Additives Market - Macro Economic Scenario
5. Asphalt Additives Market Size And Growth
…..
27. Asphalt Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/asphalt-additives-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asphalt Additives Market Growth Trends, Strategies, New Outlook By 2033 here
News-ID: 3610474 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Beam Bender Industry: Advancements In Beam Steerin …
The Beam Bender Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Beam Bender Market Size During the Forecast Period?
Over the past few years, there has been significant growth in the beam bender market size. The market is projected to expand from…
Global Ayurvedic Toothpaste Market Analysis 2025-2030: Growth Drivers, Challenge …
The Ayurvedic Toothpaste Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Ayurvedic Toothpaste Market Size Expected to Be by 2034?
The market size for ayurvedic toothpaste has experienced quick expansion in the last few years. It is projected to increase from $1.11…
Automotive Active Hood Lifter Market Size Forecasted To Achieve $1.73 Billion By …
The Automotive Active Hood Lifter Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Automotive Active Hood Lifter Market Size and Projected Growth Rate?
Recent years have seen a robust growth in the size of the automotive active hood lifter market. It is projected…
Rising Demand For Minimally Invasive Procedures Fueling The Growth Of The Market …
The Arteriovenous Malformations Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Arteriovenous Malformations Market Size and Its Estimated Growth Rate?
In the past few years, the arteriovenous malformations market has witnessed robust growth. The market, which was valued at $2.88 billion in…
More Releases for Asphalt
Global Asphalt Plants (Asphalt Mixing Plants) Market Is Valued At USD 2073.40 Mi …
Market Research Report Store offers a latest published report on Asphalt Plants Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
The Asphalt Mixing Plants consumption volume was 2864 Units in 2017 and is expected to reach 3572 Units in 2025, growing at a CAGR of 2.80% from 2017 to 2025. China`s sales volume accounted for the highest market share (35.41%)…
Global Asphalt Plants (Asphalt Mixing Plants) Market Analysis Revealing Key Driv …
This research report titled “Global Asphalt Plants (Asphalt Mixing Plants) Market Insights, Forecast to 2025” has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Asphalt Plants (Asphalt Mixing Plants) market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers,…
Asphalt Plants (Asphalt Mixing Plants) Market Projected to Cross 2860 million US …
This report studies the global Asphalt Plants (Asphalt Mixing Plants) market status and forecast, categorizes the global Asphalt Plants (Asphalt Mixing Plants) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Asphalt Mixing Plant is the plant that is used for…
Asphalt Market Analysis
Asphalt Market Insights:
The volume of asphalt market in the U.S. is anticipated to reach approximately 30 million tons by 2025. Demand for asphalt in highway and street applications is likely to yield strong gains due to increased government funding.
One of the major factors driving the growth of this market is advancement in transportation sector and infrastructural development. Some of the developing countries still face problem of unpaved roads that extend…
Global Asphalt Binder Market split into Modified Asphalt,Impregnated Asphalt Rep …
MarketResearchReports.Biz presents this most up-to-date research on "Global Asphalt Binder Market Research Report 2017"
View Full Report at: https://www.marketresearchreports.biz/reports/1245550/global-asphalt-binder-research-report-market-research-reports
Description
In this report, the global Asphalt Binder market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD),…
Global Mastic Asphalt Sales Market 2017 - APOC, Pure Asphalt, FBC Chemical, IKO, …
The Mastic Asphalt report is offers a clear picture of the current and future trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts and data experts, carries an array of tables and graphs besides qualitative analyses. Starting with a discussion on the current state of the Mastic Asphalt market, the report goes on to discuss the dynamics affecting each segment within it. The report segments…
