Asphalt Additives Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Dec-2019 | List of Tables : 126 | List of Figures : 100 | No. of Pages : 170 | Report Code : FACT4413MR |

Asphalt Additives Market Growth Stable, Green Road Infrastructure Projects Providing New Growth Avenues

Sustainable design and new construction initiatives are creating a fresh wave in the road infrastructure industry. A move towards green infrastructure in the construction of asphalt paved roads will play a significant role in amplifying the demand of asphalt additives. Fact.MR projects that the asphalt additives market will reach the US$ ~5.4 Bn mark by 2027.

asphalt additives market impacting factor

To get a strategic analysis of the asphalt additives market, ask an analyst here

Accelerated investments in road infrastructure necessitates the use of asphalt additives. Several highway agencies have estimated that using asphalt additives increases adhesion and improves mixture durability, thus giving pavements an additional 4 to 6 years life. Moreover, focused emphasis on the long life span of highways worldwide is bolstering the demand for high performance asphalt additives such as bitumen and rejuvenators. A recent shift towards bio-based additives such as bio asphalt binders is projected to create ample opportunities for the global asphalt additives market which is set to witness a CAGR of over 5% during the foreseeable future (2019-2027).

High Performance and Operation Efficiency of Hot/Warm Mix Additives will Increase Demand by 1.6x

Hot/warm mix is the most commonly used paving material in the asphalt market. These additives are expected to dominate the global asphalt additives market owing to less fuel consumption and reduced emission of hazardous fumes. Hot/Warm mix additives are expected to gain massive momentum over the forecast period and are anticipated to capture a significant chunk of the global market share by 2027 end.

 Hot/Warm mix technology is highly influenced by regulatory trends and policies that are currently prevailing in the market. Hot/warm mix demand in Asia Pacific is likely to grow 1.8x in the long term forecast. The increasing consumption of hot/warm mix additives will create lucrative selling opportunities for sustainable and cost-effective hot/warm mix additives in the foreseeable future

Bio Based Additives is an Eye Catching Trend in the Global Asphalt Additives Market

Today the government and public agencies are focusing on sustainable and eco-friendly construction and have encouraged the end-use industry to shift toward bio-based additives. New sales opportunities in the roofing sector will have a significant impact on the demand for bio-based and recycled asphalt additives, and the increasing growth of the construction and road construction industry will support this trend in the future. With the increasing growth of the road construction and paving industry, costly and unsustainable materials are likely to be overtaken by bio-based or recycled alternatives. Environmentally-safe asphalt additives are also expected to witness high demand in roofing applications in the coming years. For example – the Ministry of infrastructure in Gulf countries have launched road network projects using recycled rubber. This type of project is part of its effort to achieve sustainability, promote innovation, encourage recycling and create a green road network.

Leading Asphalt Additives Players Look Overseas For Business Opportunities

The market is moderately consolidated in nature. Leading players such as Evonik and Dow Chemical in the market have emphasized the expansion of existing facilities and are setting up a corporate office in Asia Pacific in order to benefit from economies of scale and increase their global market shares. Leading players are focusing their strategies on product innovation for road construction, using recycled materials, to maintain supremacy in the asphalt additives market. For instance:

  • In December 2018, Evonik Industries announced that it had developed VESTENAMER®—a cost-effective and sustainable additive, which can act as a catalyst in the process of using rubber powder from scrap tires to manufacture asphalt additives with rubber content.
  • .In May 2019 Golden Gate Capital announces ARRMAZ which has entered into a definitive agreement to be acquired by Arkema Group for approximately $570 million
asphalt additives market competitive assessment

For critical insights on the competitive landscape of the asphalt additives market, request for a report sample here.

Global Asphalt Additives Market – Scope of the Report

The following report provides forecast and analysis of the global asphalt additives market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Kilo Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global asphalt additives market along with several macro-economic indicators. This newly published and insightful report on asphalt additives sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global asphalt additives market.

The report also comprises the study of current issues with end users and opportunities for asphalt additives. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of asphalt additives manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the asphalt additives market provided in the report adds to the credibility of this exhaustive research study.

Global Asphalt additives Market: In-Depth Assessment on Key Segments

The global asphalt additives market is segmented on the basis of type, technology, application, and region.

Type

Technology

Application

Region

Anti-strip Additives

Warm/Hot Mix Additives

Road Construction

North America

Bitumen Emulsifiers

Cold Mix Additives

Runways and Parking Lot

Latin America

Asphalt Cement

 

Roofing Sector (Asphalt Shingles)

Europe

Polymer Modifier

 

Others (flooring, courts, etc.)

APAC

Fillers and Fibers

 

 

MEA

Rejuvenators

 

 

 

Others

 

 

 

 
Country-specific assessment on demand for asphalt additives has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous asphalt additives manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the asphalt additives market are BASF SE, Sasol Limited, DowDuPont Inc., Huntsman Corporation, Nouryon, Arkema SA and others.

Global Asphalt Additives Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the asphalt additives market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the asphalt additives market, which includes global GDP growth rate, various industries growth rate, such as road construction industry, chemical sector, aerospace sector and others. This report serves as an authentic resource of intelligence on the asphalt additives market, enabling the readers to take fact-based decisions on the future direction of their businesses.

Request research methodology of this report.

1. Global Asphalt Additives Market - Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis and Recommendations

2. Global Asphalt Additives Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market 

        3.1.1. Shift Toward Bio Based Asphalt Additives

        3.1.2. Investment To Strengthen Road Infrastructure

        3.1.3. Cost-Effective And Sustainable Additive Development

    3.2. Mega Trends

4. Market Background 

    4.1. Global Construction Chemicals Market Overview

        4.1.1. By Region

        4.1.2. By Type

    4.2. Road Infrastructure Investment and Forecast

    4.3. Worldwide Road Construction Statistics

        4.3.1. Paved Asphalt Road Construction (in KM)

        4.3.2. Paved Concrete Road Construction (in KM)

        4.3.3. Unpaved Road Construction (in KM)

    4.4. Policy and Regulatory Landscape, by Region / Countries

    4.5. Manufacturing Cost Structure Analysis (for Asphalt Additives) 

    4.6. Investment Feasibility Matrix (for Asphalt Additives Business)

    4.7. Market White Space Assessment and Opportunity Analysis

    4.8. Recent Industry Developments 

    4.9. Macro-Economic Factors – Relevance & Impact 

        4.9.1. Global GDP Growth Outlook 

        4.9.2. Chemical Industry GVA and Growth 

        4.9.3. Road Construction Industry Growth Outlook

        4.9.4. Aerospace Industry Growth Outlook

        4.9.5. Transportation Growth Outlook

        4.9.6. Top Players Historical Growth Rate 

        4.9.7. Global Urbanization Growth Outlook

        4.9.8. Government Spending on Infrastructure Developments

        4.9.9. Other Factors 

    4.10. Value Chain Analysis

        4.10.1. List of Key Manufacturers 

        4.10.2. List of Key Channel Partners 

        4.10.3. Profitability Margins 

    4.11. Market Dynamics 

        4.11.1. Drivers 

        4.11.2. Industry Challenges

        4.11.3. Trends & Opportunities

    4.12. Key Success Factors

5. Global Asphalt Additives Market Size (US$ Mn) & Volume (Kilo Tons) and Forecast, 2013-2027

    5.1. Historical Market Value (US$ Mn) & Volume (Kilo Tons) Analysis, 2013-2018

    5.2. Current and Future Market Value (US$ Mn) & Volume (Kilo Tons) Forecast, 2019-2027

    5.3. Y-o-Y Growth Trend Analysis

6. Global Asphalt Additives Pricing Point Analysis

    6.1. Global Asphalt Additives Market Pricing Analysis, by Region

    6.2. Global Asphalt Additives Market Pricing Analysis, by Type

    6.3. Pricing Evolution till 2027

    6.4. Factors Influencing Pricing

7. Global Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    7.1. Global Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        7.1.1. Anti-strip Additives

        7.1.2. Bitumen Emulsifiers

        7.1.3. Asphalt Cement

        7.1.4. Polymer Modifier

        7.1.5. Fillers and Fibers

        7.1.6. Rejuvenators

        7.1.7. Others

    7.2. Global Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        7.2.1. Warm/Hot Mix Additives

        7.2.2. Cold Mix Additives

    7.3. Global Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        7.3.1. Road Construction 

        7.3.2. Runways and Parking Lot

        7.3.3. Roofing Sector (Asphalt Shingles)

        7.3.4. Others (flooring, courts, etc.)

    7.4. Global Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Region

        7.4.1. North America

        7.4.2. Latin America

        7.4.3. Europe

        7.4.4. APAC

        7.4.5. MEA

8. North America Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    8.1. North America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        8.1.1. US

        8.1.2. Canada

    8.2. North America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        8.2.1. Anti-strip Additives

        8.2.2. Bitumen Emulsifiers

        8.2.3. Asphalt Cement

        8.2.4. Polymer Modifier

        8.2.5. Fillers and Fibers

        8.2.6. Rejuvenators

        8.2.7. Others

    8.3. North America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        8.3.1. Warm/Hot Mix Additives

        8.3.2. Cold Mix Additives

    8.4. North America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        8.4.1. Road Construction 

        8.4.2. Runways and Parking Lot

        8.4.3. Roofing Sector (Asphalt Shingles)

        8.4.4. Others (flooring, courts, etc.)

9. Latin America Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    9.1. Latin America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Rest of Latin America

    9.2. Latin America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        9.2.1. Anti-strip Additives

        9.2.2. Bitumen Emulsifiers

        9.2.3. Asphalt Cement

        9.2.4. Polymer Modifier

        9.2.5. Fillers and Fibers

        9.2.6. Rejuvenators

        9.2.7. Others

    9.3. Latin America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        9.3.1. Warm/Hot Mix Additives

        9.3.2. Cold Mix Additives

    9.4. Latin America Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        9.4.1. Road Construction 

        9.4.2. Runways and Parking Lot

        9.4.3. Roofing Sector (Asphalt Shingles)

        9.4.4. Others (flooring, courts, etc.)

10. Europe Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    10.1. Europe Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        10.1.1. Germany

        10.1.2. France

        10.1.3. UK

        10.1.4. Russia

        10.1.5. Rest of Europe

    10.2. Europe Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        10.2.1. Anti-strip Additives

        10.2.2. Bitumen Emulsifiers

        10.2.3. Asphalt Cement

        10.2.4. Polymer Modifier

        10.2.5. Fillers and Fibers

        10.2.6. Rejuvenators

        10.2.7. Others

    10.3. Europe Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        10.3.1. Warm/Hot Mix Additives

        10.3.2. Cold Mix Additives

    10.4. Europe Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        10.4.1. Road Construction 

        10.4.2. Runways and Parking Lot

        10.4.3. Roofing Sector (Asphalt Shingles)

        10.4.4. Others (flooring, courts, etc.)

11. APAC Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    11.1. APAC Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        11.1.1. China

        11.1.2. India

        11.1.3. ASEAN Countries

        11.1.4. Australia and New Zealand

        11.1.5. Rest of APAC

    11.2. APAC Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        11.2.1. Anti-strip Additives

        11.2.2. Bitumen Emulsifiers

        11.2.3. Asphalt Cement

        11.2.4. Polymer Modifier

        11.2.5. Fillers and Fibers

        11.2.6. Rejuvenators

        11.2.7. Others

    11.3. APAC Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        11.3.1. Warm/Hot Mix Additives

        11.3.2. Cold Mix Additives

    11.4. APAC Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        11.4.1. Road Construction 

        11.4.2. Runways and Parking Lot

        11.4.3. Roofing Sector (Asphalt Shingles)

        11.4.4. Others (flooring, courts, etc.)

12. MEA Asphalt Additives Market Value & Volume Analysis and Forecast 2013-2027

    12.1. Middle East & Africa Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        12.1.1. GCC Countries

        12.1.2. Northern Africa

        12.1.3. Turkey

        12.1.4. South Africa

        12.1.5. Rest of Middle East & Africa

    12.2. MEA Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        12.2.1. Anti-strip Additives

        12.2.2. Bitumen Emulsifiers

        12.2.3. Asphalt Cement

        12.2.4. Polymer Modifier

        12.2.5. Fillers and Fibers

        12.2.6. Rejuvenators

        12.2.7. Others

    12.3. MEA Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

        12.3.1. Warm/Hot Mix Additives

        12.3.2. Cold Mix Additives

    12.4. MEA Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

        12.4.1. Road Construction 

        12.4.2. Runways and Parking Lot

        12.4.3. Roofing Sector (Asphalt Shingles)

        12.4.4. Others (flooring, courts, etc.)

13. Global Asphalt Additives Market –Emerging Countries Analysis

    13.1. Market Proportion Analysis, By Key Countries

    13.2. Global Vs. Country Growth Comparison

    13.3. ASEAN Countries Market Value & Volume Analysis and Forecast

        13.3.1. ASEAN Countries Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

            13.3.1.1. Anti-strip Additives

            13.3.1.2. Bitumen Emulsifiers

            13.3.1.3. Asphalt Cement

            13.3.1.4. Polymer Modifier

            13.3.1.5. Fillers and Fibers

            13.3.1.6. Rejuvenators

            13.3.1.7. Others

        13.3.2. ASEAN Countries Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

            13.3.2.1. Warm/Hot Mix Additives

            13.3.2.2. Cold Mix Additives

        13.3.3. ASEAN Countries Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by E nd Use Industry

            13.3.3.1. Road Construction 

            13.3.3.2. Runways and Parking Lot

            13.3.3.3. Roofing Sector (Asphalt Shingles)

            13.3.3.4. Others (flooring, courts, etc.)

    13.4. India Market Value & Volume Analysis and Forecast

        13.4.1. India Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

            13.4.1.1. Anti-strip Additives

            13.4.1.2. Bitumen Emulsifiers

            13.4.1.3. Asphalt Cement

            13.4.1.4. Polymer Modifier

            13.4.1.5. Fillers and Fibers

            13.4.1.6. Rejuvenators

            13.4.1.7. Others

        13.4.2. India Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

            13.4.2.1. Warm/Hot Mix Additives

            13.4.2.2. Cold Mix Additives

        13.4.3. India Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by E nd Use Industry

            13.4.3.1. Road Construction 

            13.4.3.2. Runways and Parking Lot

            13.4.3.3. Roofing Sector (Asphalt Shingles)

            13.4.3.4. Others (flooring, courts, etc.)

    13.5. Mexico Market Value & Volume Analysis and Forecast

        13.5.1. Mexico Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

            13.5.1.1. Anti-strip Additives

            13.5.1.2. Bitumen Emulsifiers

            13.5.1.3. Asphalt Cement

            13.5.1.4. Polymer Modifier

            13.5.1.5. Fillers and Fibers

            13.5.1.6. Rejuvenators

            13.5.1.7. Others

        13.5.2. Mexico Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Technology

            13.5.2.1. Warm/Hot Mix Additives

            13.5.2.2. Cold Mix Additives

        13.5.3. Mexico Asphalt Additives Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by End Use Industry

            13.5.3.1. Road Construction 

            13.5.3.2. Runways and Parking Lot

            13.5.3.3. Roofing Sector (Asphalt Shingles)

            13.5.3.4. Others (flooring, courts, etc.)

14. Competitive Assessment

    14.1. Global Asphalt Additives Market Structure

    14.2. Global Asphalt Additives Market Competition - a Dashboard View

    14.3. Global Asphalt Additives Market Company Share Analysis

    14.4. Global Asphalt Additives Competitor Market Footprint Matrix

    14.5. Key Participants Market Presence (Intensity Mapping) by Region

15. Company Profiles

    15.1. DowDuPont Inc.

        15.1.1. Company Overview

        15.1.2. Competition Standpoint

        15.1.3. Product Overview

        15.1.4. Key Financials

        15.1.5. Analyst Comments 

    15.2. Evonik Industries

        15.2.1. Company Overview

        15.2.2. Competition Standpoint

        15.2.3. Product Overview

        15.2.4. Key Financials

        15.2.5. Analyst Comments 

    15.3. Nouryon.

        15.3.1. Company Overview

        15.3.2. Competition Standpoint

        15.3.3. Product Overview

        15.3.4. Key Financials

        15.3.5. Analyst Comments 

    15.4. BASF SE

        15.4.1. Company Overview

        15.4.2. Competition Standpoint

        15.4.3. Product Overview

        15.4.4. Key Financials

        15.4.5. Analyst Comments 

    15.5. Ingevity Corporation

        15.5.1. Company Overview

        15.5.2. Competition Standpoint

        15.5.3. Product Overview

        15.5.4. Key Financials

        15.5.5. Analyst Comments 

    15.6. Huntsman Corporation

        15.6.1. Company Overview

        15.6.2. Competition Standpoint

        15.6.3. Product Overview

        15.6.4. Key Financials

        15.6.5. Analyst Comments 

    15.7. Arkema SA

        15.7.1. Company Overview

        15.7.2. Competition Standpoint

        15.7.3. Product Overview

        15.7.4. Key Financials

        15.7.5. Analyst Comments 

    15.8. Honeywell International Inc

        15.8.1. Company Overview

        15.8.2. Competition Standpoint

        15.8.3. Product Overview

        15.8.4. Key Financials

        15.8.5. Analyst Comments 

    15.9. Kraton Corporation

        15.9.1. Company Overview

        15.9.2. Competition Standpoint

        15.9.3. Product Overview

        15.9.4. Key Financials

        15.9.5. Analyst Comments 

    15.10. Sasol Limited

        15.10.1. Company Overview

        15.10.2. Competition Standpoint

        15.10.3. Product Overview

        15.10.4. Key Financials

        15.10.5. Analyst Comments 

    15.11. KAO Corporation

        15.11.1. Company Overview

        15.11.2. Competition Standpoint

        15.11.3. Product Overview

        15.11.4. Key Financials

        15.11.5. Analyst Comments 

    15.12. Sinopec Corporation

        15.12.1. Company Overview

        15.12.2. Competition Standpoint

        15.12.3. Product Overview

        15.12.4. Key Financials

        15.12.5. Analyst Comments 

    15.13. Iterchimica SRL 

        15.13.1. Company Overview

        15.13.2. Competition Standpoint

        15.13.3. Product Overview

        15.13.4. Key Financials

        15.13.5. Analyst Comments

    15.14. Grupo Dynasol

        15.14.1. Company Overview

        15.14.2. Competition Standpoint

        15.14.3. Product Overview

        15.14.4. Key Financials

        15.14.5. Analyst Comment

16. Fact.MR Research Methodology

17. Disclaimer & Contact Information

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Malaysian Cocoa Board
Dunlop International Europe Ltd
Roland Berger
Superior Essex
Commscope
Deloitte

Fact.MR in Media

Asphalt Additives Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027