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Asphalt Additive Trends and Forecast
The future of the global asphalt additive market looks promising with opportunities in the road construction & paving, roofing, and airport construction markets. The global asphalt additive market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing adoption of warm mix asphalt, growing road and building construction activities, and rising infrastructure investment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Asphalt Additive by Segment
The study includes a forecast for the global asphalt additive by type, technology, application, and region.
Asphalt Additive Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polymeric Modifier
• Anti-Strip and Adhesion Promoter
• Emulsifier
• Chemical Modifier
• Rejuvenator
• Fiber
• Flux Oil
• Colored Asphalt
• Others
Asphalt Additive Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Hot Mix
• Cold Mix
• Warm Mix
Asphalt Additive Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Road Construction & Paving
• Roofing
• Airport Construction
• Others
Asphalt Additive Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Asphalt Additive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies asphalt additive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the asphalt additive companies profiled in this report include-
• Nouryon
• Dow
• Arkema
• Honeywell International
• Evonik Industries
• Huntsman
• Kraton
Asphalt Additive Market Insights
Lucintel forecasts that polymeric modifier will remain the largest segment over the forecast period due to its excellent strength, durability, and enhanced flexibility.
Within this market, road construction & paving will remain the largest segment as these additive helps in increasing its resistance to oxidation and ultraviolet (uv) radiation, prolonging the lifespan of the pavement.
APAC will remain the largest region over the forecast period due to rapid urbanization and rising number of new road pavement projects in the region.
Features of the Global Asphalt Additive Market
Market Size Estimates: Asphalt additive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Asphalt additive market size by type, technology, application, and region in terms of value ($B).
Regional Analysis: Asphalt additive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, applications, and regions for the asphalt additive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the asphalt additive market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the asphalt additive market size?
Answer: The global asphalt additive market is expected to reach an estimated $6.2 billion by 2030.
Q2. What is the growth forecast for asphalt additive market?
Answer: The global asphalt additive market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the asphalt additive market?
Answer: The major drivers for this market are increasing adoption of warm mix asphalt, growing road and building construction activities, and rising infrastructure investment.
Q4. What are the major segments for asphalt additive market?
Answer: The future of the asphalt additive market looks promising with opportunities in the road construction & paving, roofing, and airport construction markets.
Q5. Who are the key asphalt additive market companies?
Answer: Some of the key asphalt additive companies are as follows:
• Nouryon
• Dow
• Arkema
• Honeywell International
• Evonik Industries
• Huntsman
• Kraton
Q6. Which asphalt additive market segment will be the largest in future?
Answer: Lucintel forecasts that polymeric modifier will remain the largest segment over the forecast period due to its excellent strength, durability, and enhanced flexibility.
Q7. In asphalt additive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and rising number of new road pavement projects in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the asphalt additive market by type (polymeric modifier, anti-strip and adhesion promoter, emulsifier, chemical modifier, rejuvenator, fiber, flux oil, colored asphalt, and others), technology (hot mix, cold mix, and warm mix), application (road construction & paving, roofing, airport construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Asphalt Additive Market, Asphalt Additive Market Size, Asphalt Additive Market Growth, Asphalt Additive Market Analysis, Asphalt Additive Market Report, Asphalt Additive Market Share, Asphalt Additive Market Trends, Asphalt Additive Market Forecast, Asphalt Additive Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Asphalt Additive Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Asphalt Additive Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Asphalt Additive Market by Type
3.3.1: Polymeric Modifier
3.3.2: Anti-strip and Adhesion Promoter
3.3.3: Emulsifier
3.3.4: Chemical Modifier
3.3.5: Rejuvenator
3.3.5: Fiber
3.3.5: Flux Oil
3.3.5: Colored Asphalt
3.3.5: Others
3.4: Global Asphalt Additive Market by Technology
3.4.1: Hot Mix
3.4.2: Cold Mix
3.4.3: Warm Mix
3.5: Global Asphalt Additive Market by Application
3.5.1: Road Construction & Paving
3.5.2: Roofing
3.5.3: Airport Construction
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Asphalt Additive Market by Region
4.2: North American Asphalt Additive Market
4.2.2: North American Asphalt Additive Market by Application: Road Construction & Paving, Roofing, Airport Construction, and Others
4.3: European Asphalt Additive Market
4.3.1: European Asphalt Additive Market by Type: Polymeric Modifier, Anti-strip and Adhesion Promoter, Emulsifier, Chemical Modifier, Rejuvenator, Fiber, Flux Oil, Colored Asphalt, and Others
4.3.2: European Asphalt Additive Market by Application: Road Construction & Paving, Roofing, Airport Construction, and Others
4.4: APAC Asphalt Additive Market
4.4.1: APAC Asphalt Additive Market by Type: Polymeric Modifier, Anti-strip and Adhesion Promoter, Emulsifier, Chemical Modifier, Rejuvenator, Fiber, Flux Oil, Colored Asphalt, and Others
4.4.2: APAC Asphalt Additive Market by Application: Road Construction & Paving, Roofing, Airport Construction, and Others
4.5: ROW Asphalt Additive Market
4.5.1: ROW Asphalt Additive Market by Type: Polymeric Modifier, Anti-strip and Adhesion Promoter, Emulsifier, Chemical Modifier, Rejuvenator, Fiber, Flux Oil, Colored Asphalt, and Others
4.5.2: ROW Asphalt Additive Market by Application: Road Construction & Paving, Roofing, Airport Construction, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Asphalt Additive Market by Type
6.1.2: Growth Opportunities for the Global Asphalt Additive Market by Technology
6.1.3: Growth Opportunities for the Global Asphalt Additive Market by Application
6.1.4: Growth Opportunities for the Global Asphalt Additive Market by Region
6.2: Emerging Trends in the Global Asphalt Additive Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Asphalt Additive Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Asphalt Additive Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Nouryon
7.2: Dow
7.3: Arkema
7.4: Honeywell International
7.5: Evonik Industries
7.6: Huntsman
7.7: Kraton
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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