Asphalt Additives Market – Research Report
The rising road construction activities worldwide are significantly aiding the expansion of the global asphalt additives market. Since the Middle East and Africa (MEA) boasts rising spending in construction activities, the demand for asphalt additives is expected to rise considerably from the region. Saudi Arabia and Qatar are currently the most attractive markets for asphalt additives in MEA. According to TMR, the global asphalt additives market will rise at a CAGR of 4.2% between 2015 and 2023, as economies around the world increasingly invest in road development and maintenance activities.
This 180 page report gives readers a comprehensive overview of the Asphalt Additives Market.Browse through to unlock the hidden opportunities in this market.
In contrast, the availability of numerous substitutes such as bricks, concrete, pavers, cements, and others threatens the market’s trajectory to an extent. Nevertheless, the rising use of polymer modified asphalt (PMA) in pavements, waterproofing, and sprayed sealants is expected to fuel demand from the market in the near future.
As per Transparency Market Research, the global asphalt additives market stood at US$2.9 bn in 2014. The market is expected to reach US$4.2 bn by the end of 2023.
Applications of Asphalt Additives in Road Construction and Paving Grow Considerably
On the basis of volume, the global asphalt additives market was led by the road construction and paving segment in 2014. The segment held over 83.2% of the market in the year. The increasing use of asphalt in road construction activities is expected to fuel demand for asphalt additives considerably in the forthcoming years. Asphalt additives provide superior binding properties to asphalt and also improve film thickness. This is one of the key factors accelerating the demand for asphalt additives in the construction and paving activities.
Besides this, the market is also expected to gain significant impetus from the rising application of asphalt additives in the roofing segment. Asphalt additives are generally used for roofing to improve its waterproofing abilities. The rising construction of nuclear homes across developing nations will therefore boost demand for asphalt additives from the roofing segment. Other than this, application of asphalt additives is also expected to increase in the construction of airways, public structure, and parking lots.
Rising Construction Activities to Fuel Demand for Asphalt Additives from Asia Pacific
The emerging economies are currently exhibiting rising demand for asphalt additives. The robust infrastructural development witnessed across these countries has been pivotal in fuelling demand from the asphalt additives market. Regionally, Asia Pacific has emerged as the largest contributor to the global market. The rising investment in construction activities in the region has sealed Asia Pacific’s dominance in the global market. By volume, the region held over 33% of the global asphalt additives market in 2014. Due to the growing construction industry in emerging economies such as India and China, the demand for hot mix additives (HMA) and warm mix additives (WMA) is quite high in Asia Pacific. Furthermore, TMR expects the Asia Pacific market to grow at a steady pace during the forecast period.
North America in the same year emerged as second largest market for asphalt additives. The extensive usage of latest technologies for the construction and maintenance of roads provides lucrative opportunities for the asphalt additives manufacturers in North America. Due to the superior value addition offered by HMAs and WMAs, their demand is the highest in North America.
Get accurate market forecast and analysis on the Asphalt Additives Market. Request a sample to stay abreast on the key trends impacting this market @
Some of the leading companies operating in the global asphalt additives market are Evonik Industries AG, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Honeywell International Inc., and Akzo Nobel N.V.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 – Research Report here
News-ID: 537267 • Views: 466
More Releases from Transparency Market Research
PVC Tape Substrate Films Market to Scale New Heights as Players Focus on Innovat …
During the manufacturing process of adhesive tapes, film converting firms convert the parent roll of plastic films into small rolls of desired dimensions, suitable for tapes. PVC tape substrate films are converted in a similar way. High elasticity and water resistance property of PVC tape substrate films have been driving the demand for PVC materials from various end-use applications, such as building & construction, packaging, shipping & logistics and others.
Pouch Films Market - Emerging Trends, Highlights and Challenges Forecast 2026
A pouch is a flexible container that is generally used to store products and is one of the most widely merchandised commodities globally. Pouch films are an efficient way of keeping the produce fresh, cool & safe. Pouch films find major applications in the flexible packaging industry. They also find various applications in end-use industries, such as food, pharmaceuticals, chemical and personal care & cosmetics industries. Request PDF Sample For
Cellulose Derivative Films Market 2019 Valuable Growth Prospects and Upcoming Tr …
Cellulose is arguably the most abundant organic compound in the world, which has plants has its roots. Since it is a bio-based product, Cellulose has wide applications in the packaging industry. Cellulose derivative films are packaging films produced from cellulose functionalized in solvent state along with various side groups. Cellulose derivative films might include materials such as cellophane, cellulose acetate, methylcellulose, and carboxylmethylcellulose. Cellulose derivative films possess good mechanical and
Corrugated Rolls Market Rising Trends, Analysis With Top Key Players 2018 – 20 …
Corrugated rolls are made of materials such as paper boards, plastic films, crepe and tissue papers, among others. Corrugated rolls have a special elastic nature, which enable them to be delivered in rolls, and hence the name. Corrugated rolls are used for packaging of a wide variety of products including but not limited to plastic ware, steel utensils, and glass ware. Corrugated rolls are highly customizable and are available in
More Releases for Asphalt
Concrete Cutting Sydney – Road and Asphalt Sawing
To cut roadways and asphalt pavements, the inclusion of concrete cutting Sydney services is unavoidable. The price must not effect on which company you are going to engage, because the quality performance of the project is in the first place. As the main material in the construction of the roads, the asphalt must be rigidly made. Solid and rigid asphalt is withstanding the weight of vehicles, as well as being weather-resistant.
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 Additives Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Asphalt Additives Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Asphalt Additives Market: Overview Asphalt additives are materials incorporated into the asphalt binder inorder to enhance the performance characteristics of the asphalt product. Asphalt additives can added to the binder through hot mix, warm mix or cold mix technologies. Modified asphalt is used for road construction & paving, roofing and
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),
Asphalt Additives Market to Grow Globally
Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements. They are also used for improving pavement performance through reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility. To
Asphalt Mixing Plants, Global Asphalt Mixing Plants Market Size, Global Asphalt …
The market research report Global Asphalt Mixing Plants Market Research Report 2022 (North America, Europe, Asia-Pacific, South America, Middle East and Africa)’ aims to offer insights into new business opportunities for companies active in Global Asphalt Mixing Plants Market as well as for those players that are aiming to get an entry into the industry. Asphalt Mixing Plant is the plant that is used for mixing warm aggregate, soft materials &