Press release
Asphalt Additives Market - Global Industry Analysis,Trends and Forecast 2023
“Since the market exhibits a low degree of capital intensive business model, the scope for the entry of new players is higher. The degree of competition prevalent in the market is therefore likely to from medium to high in the near future with the entry of new companies,” says a TMR analyst.
Browse Market Research Report @
http://www.transparencymarketresearch.com/asphalt-additives-market.html
Rising Spending on Construction Activities in MEA Fuels Asphalt Additives Sales
According to TMR, regions that boast robust construction industry are currently considered the most lucrative markets for asphalt additives. For instance, the rising demand from the construction sector in the Middle East and Africa (MEA) provides attractive opportunities for asphalt additives producers. “The increasing spending on the construction activities is expected to make Saudi Arabia and Qatar the most lucrative markets for asphalt additives in the MEA,” states a TMR analyst.
Besides this, the market is also expected to gain impetus from the increasing investment in road development activities worldwide. Expansion of road networks between countries will create significant sales opportunities for asphalt additives manufacturers. A case in point is the agreement between China and Europe to reconstruct the ancient “Silk Route” between India and China. Such rising spending in construction projects will substantially fuel demand for asphalt additives.
Additionally, the market is also expected to gain from upcoming events such as the Summer and Winter Olympics and FIFA World Cup. These events will significantly boost road construction activities across countries slated to host these events, thus augmenting demand for asphalt additives.
Growing Use of Asphalt Substitutes to Threaten Market’s Growth
The majority of asphalt additives produced around the world are used in road construction. However, volatility in prices and the shortage of asphalt supply have led to the development of various substitute products. Currently, asphalt substitutes such as bricks, cobblestone, pavers, cement, and concrete are used on an extensive scale for the construction and maintenance of roads. This poses a significant threat to the producers of asphalt additives.
Potential Applications of PMA to Boost Opportunities for Asphalt Additives Sales in Forthcoming Years
The potential application of polymer modified asphalt (PMA) is expected to drive demand for asphalt additives in the forthcoming years. PMAs find application in the construction of roads and pavements, roofing, waterproofing, and sprayed sealants. They ensure prolonged lifespan of the application they are used in, apart from enhancing their overall performance. The rising awareness about benefits offered by PMAs will propel the asphalt additives market in the near future.
The rising use of asphalt in road construction makes it the largest application segment in the global asphalt additives market. Holding a share of 83.2%, the road construction and paving segment led the overall market in 2014. Regionally, Asia Pacific dominated the global market with a share of 33% in terms of volume in the same year.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3238
As per TMR, the global asphalt additives market stood at US$2.9 bn in 2014 and is expected to reach US$4.2 bn by the end of 2023. The market is thus expected to report a CAGR of 4.2% between 2015 and 2023.
This review is based on findings published by TMR in a report, titled “Asphalt Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Key Takeaways:
Rising road construction activities worldwide to boost the global asphalt additives market at 4.2% CAGR from 2015 to 2023.
With over 83% revenue share, road construction and paving emerged as largest application segment in 2014.
Expansion of construction industry in Asia Pacific to fuel asphalt additives consumption
The report segments the global asphalt additives market as:
Asphalt Additives Market - Technology Analysis
Hot/warm mix
Cold mix
Asphalt Additives Market - Application Analysis
Road construction & paving
Roofing
Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://depthresearchreport.blogspot.in/
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 - Global Industry Analysis,Trends and Forecast 2023 here
News-ID: 526118 • Views: …
More Releases from Transparency Market Research
Hand Dryer Market Size Forecast to USD 4.83 Billion by 2036 with Growing Focus o …
Hand Dryer Market Outlook 2036
The global hand dryer market was valued at US$ 2.23 Billion in 2025 and is projected to reach US$ 4.83 Billion by 2036, expanding at a steady CAGR of 7.2% from 2026 to 2036. Market growth is driven by increasing emphasis on hygiene and sanitation, rising adoption in commercial infrastructure, and growing preference for eco-friendly and cost-effective hand drying solutions.
👉 Get sample market research report copy…
Smart Glass Market Outlook 2036: Projected to Reach USD 35.8 Billion at 14.5% CA …
The global smart glass market was valued at US$ 8.1 Bn in 2025 and is projected to surge to US$ 35.8 Bn by 2036, expanding at a robust CAGR of 14.5% from 2026 to 2036. This nearly 4.4x growth over eleven years underscores the accelerating demand for intelligent glazing solutions across commercial, residential, automotive, and infrastructure sectors.
North America emerged as the leading regional market in 2025, accounting for 29.8% of…
Smoking Cessation and Nicotine De-Addiction Market to Reach USD 46.4 Bn by 2036, …
The global smoking cessation and nicotine de-addiction market is witnessing strong and sustained growth, fueled by intensifying public health initiatives and rising awareness about the long-term consequences of tobacco use. Valued at USD 15.5 Bn in 2025, the market is projected to expand at a robust CAGR of 10.5% from 2026 to 2036, reaching USD 46.4 Bn by 2036.
Smoking cessation solutions encompass a wide range of products and services designed…
3D Imaging Market to be Worth USD 266 Bn by 2036 - By Component Type / By End-Us …
The global 3D imaging market is witnessing exponential growth, reflecting strong demand across healthcare, manufacturing, media, and industrial sectors. Valued at US$ 50 billion in 2025, the market is projected to reach US$ 266 billion by 2036, expanding at a robust CAGR of 18.2% from 2026 to 2036.
Get a concise overview of key insights from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2743
This impressive trajectory highlights the rapid integration of advanced imaging…
More Releases for TMR
Ophthalmic Drugs Market Reviews 2027 | TMR Study
Ophthalmic Drugs Market: Overview
According to Transparency Market Research's latest report on the global Ophthalmic Drugs Market for the historical period 2017-2018 and forecast period 2019-2027, Rising adoption of newly developed therapeutics in ophthalmology, Increasing incidence rates of eye related disorders, Advanced retinal treatment approvals for unmet needs in eye disorders, Significant awareness about the diagnosis and treatment of eye disorders are projected to drive the global Ophthalmic Drugs Market during the forecast period.
According…
Electronic Lab Notebook (ELN) Market | TMR Research
Global Electronic Lab Notebook (ELN) Market: Overview
Rising adoption of robotics and process automation in various business verticals, especially in healthcare sector is the prime reason for the growth of global electronic lab notebook (ELN) market. With ELN solutions it is now possible to set-up, execute and monitor the derived result in much lesser time. Owing to these benefit the global electronic lab notebook market in the forecast period of 2018…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Compound Chocolate Market 2018-2028 | TMR Research
Global Compound Chocolate Market: Overview
The demand within the global compound chocolate market has been rising on account of advancements in the field of confectioneries. The use of compound chocolate manufacture novel food products has played to the advantage of the global market. Compound chocolate is made up of cocoa and vegetable sweeteners, and this is the most unique trait of this form of chocolate. Several new and old vendors in…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
TMR - Research Reports
The torque sensor is a device that is used to measure and record torque on a rotating system. Torque monitoring and measurement are critical parameters in nearly all rotating parts, equipment and machines, which guarantees high performance. Torque monitoring is implemented by using torque systems. There are two types of torque systems - static and dynamic torque. Dynamic torque is tricky to measure and requires transfer of some form of…
