DUBLIN, June 25, 2019 /PRNewswire/ -- The "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 2029" report has been added to ResearchAndMarkets.com's offering.
The Asphalt Additive Market is Projected to Grow from USD 3.6 Billion in 2019 to USD 6.3 Billion by 2029, at a CAGR of 5.7% from 2019 to 2029.
Increasing developments in the Asia Pacific infrastructure market, recyclability of asphalt, development of warm-mix asphalt, and increasing use of asphalt in roofing applications is fueling the growth of the market across the globe. The use of concrete and bio asphalt as substitutes for asphalt and volatility in the prices and supply of the material acts as a major restraint for the growth of asphalt additives market during the forecast period.
The rejuvenators segment is the fastest growing type segment, in terms of value during the forecast period
Based on type, the rejuvenators segment is projected to grow at the highest CAGR. Increasing use of recycled materials, such as Reclaimed Asphalt Pavement (RAP) and Recycled Asphalt Shingles (RAS) in the asphalt pavements application, has resulted in the growing demand for rejuvenator asphalt additives to restore the strength and durability of aged binders. Rejuvenators are being widely used to improve properties, such as viscosity, of ageing binders. The growth of this segment is due to the increased use of recycled road material for pavement application globally.
The polymeric modifier segment is projected to be leading the asphalt additive market during the forecast period.
Based on type, the polymeric modifier segment accounted for the largest share, in terms of value, in 2018. The growth of this segment can be attributed to the excellent properties such as stiffness, strength, and improve the flexibility and durability of asphalt pavements. These are easy to use, and the raw materials used to make them are readily available, which makes them the most preferred type of asphalt additives globally.
The Asia Pacific region is the largest growing regional segment.
The Asia Pacific region is projected to lead the asphalt additive market from 2019 to 2029, in terms of value and volume. The increasing demand for asphalt additives products in developing economies, such as India and China, due to increasing infrastructure spending is expected to bolster market growth. China is the leading consumer of asphalt additives products in the Asia Pacific region. The considerable growth and innovation, along with industry consolidations, is expected to fuel the growth of the Asia Pacific asphalt additives market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 attractive Market Opportunities In Asphalt Additives Market
4.2 Asphalt Additives Market, by Region
4.3 Asia Pacific Asphalt Additives Market
4.4 Asphalt Additives Market, by Application
4.5 Asphalt Additives Market, by Type
4.6 Asphalt Additives Market, by Technology
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Investments In The Infrastructure Sector Of The Asia Pacific Region
5.3.1.2 Recyclability Of Asphalt
5.3.2 Restraints
5.3.2.1 Use Of Concrete And Bioasphalt As Substitutes For Asphalt
5.3.2.2 Volatility In The Prices And Supply Of Asphalt
5.3.3 Opportunities
5.3.3.1 Increasing Use Of Warm Mix Asphalt
5.3.3.2 Use Of Asphalt Additives In Roofing Applications
5.3.3.3 Advancements In The Aerospace Sector
5.3.4 Challenges
5.3.4.1 Lack Of Awareness About Asphalt Additives Among Road Builders And Contractors
5.4 Cost Structure
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Of Asphalt Additives
6.3 Economic Indicators
6.3.1 Industry Outlook
6.3.1.1 Road Construction & Paving
7 Regulations On The Usage Of Asphalt And Asphalt Additives
7.1 Regulating Authorities In The Us
7.1.1 Occupational Safety And Health Administration (Osha)
7.1.2 National Asphalt Pavement Association (Napa)
7.1.2.1 Napa, Artba Partner On Safety Training
7.1.2.2 Spill Prevention, Control, And Countermeasure (SPCC)
7.1.3 Environmental Protection Agency (Epa)
7.1.3.1 New Source Performance Standards (Nsps)
7.2 Applicability Of The Standards To Asphalt Storage Tanks
7.3 Hot Mix Asphalt Facilities
7.4 Regulations On Use Of Asphalt Pavement And Asphalt Base Surface Coatings In New York
8 Asphalt Additives Market, by Type
8.1 Introduction
8.2 Polymeric Modifiers
8.2.1 The Polymeric Modifiers Segment Is Estimated To Account For The Largest Share Of The Process Oil Market
8.3 Anti-Strip & Adhesion Promoters
8.3.1 Growing Demand From Road Pavement Industry Is Expected To Fuel The Growth Of Anti-Strip & Adhesion Promoters
8.4 Emulsifiers
8.4.1 Asia Pacific Is Estimated To Lead The Emulsifiers Type Market During The Forecast Period
8.5 Rejuvenators
8.5.1 Rejuvenators Is The Fastest Growing Type Segment In Asphalt Additives Market
8.6 Chemical Modifiers
8.6.1 Asia Pacific Is Projected To Lead The Chemical Modifiers Type Market During The Forecast Period
8.7 Fibers
8.7.1 North America Accounted For The Largest Share Of The Fibers Type Market
8.8 Flux Oil
8.8.1 Middle East & Africa Is Projected To Be The Fastest Growing Region In Flux Oil Type Market During The Forecast Period
8.9 Colored Asphalt
8.9.1 North America Accounted For The Largest Share Of The Colored Asphalt Type Market
8.10 Others
9 Asphalt Additives Market, by Application
9.1 Introduction
9.2 Road Construction & Paving
9.2.1 The Road Construction & Paving Application Segment Is Expected To Lead The Asphalt Additives Market During The Forecast Period
9.3 Roofing
9.3.1 Roofing Is Projected To Be The Second-Largest Application Segment Of The Asphalt Additives Market
9.4 Airport Construction
9.4.1 North America Accounted For The Largest Share Of The Airport Construction Type Market
9.5 Others
10 Asphalt Additives Market, by Technology
10.1 Introduction
10.2 Hot Mix
10.2.1 Hot Mix Technology Segment Is Expected To Lead The Asphalt Additives Market During The Forecast Period
10.3 Cold Mix
10.3.1 Cold Mix Technology Was The Second-Largest Segment Of The Asphalt Additives Market In 2018
10.4 Warm Mix
10.4.1 Warm Mix Segment Is Projected To Grow at The Highest Cagr During The Forecast Period
11 Global Asphalt Additives Market, by Region
Company Profiles: Business Overview, Products Offered, Recent Developments, SWOT Analysis, Author's View
- Nouryon
- Arkema Sa
- Honeywell International Inc
- Evonik Industries
- Kraton Corporation
- BASF Se
- Ingevity Corporation
- Arrmaz
- Dowdupont Inc.
- Huntsman Corporation
- Sasol Limited
- Kao Corporation
- Sinopec Corporation
- Iterchimica Srl
- Grupo Dynasol
Other Companies
- Lcy Chemical Corporation
- Ergon Asphalt & Emulsions, Inc
- Mcasphalt Industries Limited
- Tri-Chem Industries
For more information about this report visit https://www.researchandmarkets.com/r/69111t
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