PUNE, India, November 24, 2016 /PRNewswire/ --
The report "Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) - Global Forecast to 2026", published by MarketsandMarkets, the market is projected to reach USD 5.45 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026.
Browse 136 market data Tables and 57 Figures spread through 177 Pages and in-depth TOC on "Asphalt Additives Market"
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Leading players such as AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), and Arkema SA (France) are focusing on entering new markets by expanding their production capacities and launching technologically advanced products for road construction, and paving and roofing. This is expected to drive the asphalt additives market in the future.
Based on type, the polymeric modifiers segment accounted for the largest share of the asphalt additives market in 2015
Based on type, the polymeric modifiers segment of the asphalt additives market is expected to witness significant growth in the coming years. Polymeric modifiers are used throughout the world for improving flexibility and durability of asphalt pavements. They are easy to use and are easily available, thus making polymeric modifiers the most preferred asphalt additive.
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Based on application, the road construction & paving segment accounted for the largest share of the asphalt additives market in 2015
The road construction and paving application segment of the asphalt additives market is expected to witness significant growth in the coming years. Governments of countries such as China, India, Malaysia, and Indonesia in the Asia-Pacific region have invested heavily in infrastructure development, which is driving this application segment of the asphalt additives market.
Based on technology, the hot mix segment accounted for the largest share of the asphalt additives market in 2015
Based on technology, the hot mix segment of the Asphalt Additives Market held the largest share of the asphalt additives market in 2015. Hot mix asphalt is durable, and resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to the construction of high traffic roads such as highways, racetracks, and airfields.
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The Asia-Pacific region dominated the asphalt additives market in 2015
Asia-Pacific dominated the asphalt additives market in 2015, owing to the increasing demand for asphalt additives in developing economies, such as India and China. China is the leading consumer of asphalt additives in the Asia-Pacific region. Extensive growth and innovation, along with industry consolidations, is expected to drive the Asia-Pacific asphalt additives market.
Key players operating in the asphalt additives market include AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Arkema SA (France), Honeywell International, Inc. (U.S.), Evonik Industries (Germany), Huntsman Corporation (U.S.), Kraton Corporation (U.S.), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), Ingevity Corporation (U.S.), and Arrmaz (U.S.), among others.
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