Press release
Global Self-Cleaning Asphalt Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Self-Cleaning Asphalt" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Self-cleaning asphalt is used in surfacing roads that would clean itself and the air around the road. Self-cleaning asphalt is generally used in places that are prone to environmental pollution. Road surface can be infused with asphalt material containing highly effective nanoparticles that can lower the amount of the nitrous oxide level in the air. Nanomaterials such as titanium oxides and zinc oxides are deposited through an aqueous solution over asphalt mixture samples in order to promote the photocatalytic, super hydrophobic, and self-cleaning capabilities. Key characteristics of asphalt materials are of great importance due to their interaction with the vehicle’s tires. With enhanced surface characteristics, road safety and environment, through pollutants degradation such as nitrous oxides, sulphur dioxides, will be improved. Self-cleaning asphalts help avoid slipping problems, facilitate water drainability, and prevent the pore fouling phenomenon.
The global self-cleaning asphalt market is driven by advancements in the modern pavement technologies. New technologies have been introduced for paving highways and bridges. Another significant trend in the self-cleaning asphalt market is the recycling of asphalt materials in highways for resurfacing purposes. Growth in sectors such as transportation and infrastructure is considered the key factor driving the self-cleaning asphalt market. Demand for self-cleaning asphalt is high in developed regions compared to that in developing regions. Rise in trends such as urbanization and infrastructure developments is fuelling the self-cleaning asphalt market.
Based on application, the global self-cleaning asphalt market can be segmented into building & construction, transportation, and industrial. The construction segment primarily includes exterior applications such as road marking and pavement. In addition to construction and maintenance of motorways and truck roads, self-cleaning asphalt is used extensively for rural roads and urban streets, airport runways and taxiways, private roads, parking areas, bridge decks, etc. Based on the self- cleaning material used, the self-cleaning asphalt market can be classified into zinc oxide and titanium oxide materials.
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The global self-cleaning asphalt market expanded at a significant pace in 2016. This trend is expected to continue during the forecast period. In terms of geography, the self-cleaning asphalt market can be divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Europe is one of the key regions of the asphalt market in terms of consumption. Implementation of stringent environmental regulations in Europe is expected to drive the market for self-cleaning asphalt. Usage of advanced technologies in North America is anticipated to propel the market for self-cleaning asphalt in the region. Europe and North America have by far the most extensive networks of paved roads and highways in the world. The paving industry in the U.S largely grew out of small, family-owned businesses in the U.S to be acquired by larger companies operating both in North America and Europe. Presence of emerging economies and rise in urbanization in Asia Pacific are estimated to positively impact the self-cleaning asphalt market in the region. Recent developments in the construction industry in Latin America are likely significantly boost the self-cleaning asphalt market in the region. Growth of self-cleaning asphalt market in the Middle East region are expected to be attractive due to the rising number of construction projects in the region.
High degree of competition exists in the global self-cleaning asphalt market. Key players operating in the global self-cleaning asphalt market include Astec Inc, Wolf Paving, and GE Sealants.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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