According to HTF MI, “Global Asphalt Additives Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Asphalt Additives Market is anticipated to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030, reaching USD 4 Billion in 2024 and USD 5.79 Billion by 2030.
Asphalt additives are materials added to asphalt to modify its properties and enhance performance. These additives can improve the durability, strength, and longevity of asphalt pavements. Common types of asphalt additives include polymers, anti-strip agents, rejuvenators, emulsifiers, and fibers.
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Key and developing players who have been highlighted as part of the coverage include Nouryon (Netherlands), Arkema (France), BASF SE (Germany), Arrmaz (United States), Honeywell International Inc. (United States), Evonik Industries AG (Germany), Huntsman International LLC (United States), Kao Corporation (Japan), Sasol Ltd. (South Africa), Dow (United States).
Asphalt Additives
Market Drivers
• Infrastructure Development: Expanding infrastructure projects globally, especially in developing countries.
Market Trend
• Polymer-Modified Asphalt: Increasing use of polymer-modified asphalt for improved performance and durability.
Market Opportunities
• Emerging Markets: Untapped markets in Asia-Pacific and Africa offering significant growth opportunities.
Market Restraints
• Environmental Concerns: Environmental regulations limiting the use of certain chemical additives.
Market Challenges
• Market Fragmentation: Fragmented market with numerous small players leading to intense competition.
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Key Market Segmentation:
The report has categorized the Asphalt Additives market based on type, distribution channel, and region.
Market Breakdown by Applications:
• Polymeric Modifiers, Anti-strip & Adhesion Promoters, Chemical Modifiers, Polyester modifier, Others
Market Breakdown by Types:
• Road construction, Road paving, Airport runway, Parking lots, Roofing, Others
Report Scope
The Market size value in 2024 (USD 4 Billion) Revenue Forecast by 2033 (USD 5.79 Billion)
Growth Rate CAGR Of (7.70%) Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Nouryon (Netherlands), Arkema (France), BASF SE (Germany), Arrmaz (United States), Honeywell International Inc. (United States), Evonik Industries AG (Germany), Huntsman International LLC (United States), Kao Corporation (Japan), Sasol Ltd. (South Africa), Dow (United States)
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Key highlights of the report:
• Asphalt Additives Market Performance (2019-2023)
• Asphalt Additives Market Outlook (2024-2030)
• Asphalt Additives Market Trends
• Asphalt Additives Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
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