Report Feature
The future of the asphalt modifiers market looks promising with opportunities in the paving and roofing industries. The global asphalt modifiers market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are growing demand of asphalt modifier in paving and roofing applications and increasing roadways construction activities.
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The study includes trends and forecasts for the global asphalt modifiers market by product type, application, technology, and region as follows:
By Product Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
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Physical Modifiers
- Plastics
- Rubbers
- Others
- Chemical Modifiers
- Fibers
- Adhesion Improvers
- Extenders
- Fillers
- Antioxidants
- Anti-Strip Modifiers
- Other
By Application [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
- Paving
- Roofing
- Other
By Technology [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
- Hot Mix
- Cold Mix
- Warm Mix
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
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North America
- United States
- Canada
- Mexico
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Europe
- Germany
- United Kingdom
- France
- Italy
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Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
The fiber modifier segment is expected to witness the highest growth over the forecast period because it is used to improve the performance of asphalt pavements, in terms of increased resistance to pavement distresses, such as thermal cracking, rutting, stripping etc., thereby prolonging the service life.
Paving application is expected to witness the highest growth due to the increasing construction of highways and freeways.
Asia Pacific will remain the largest region over the forecast period due to infrastructure development in countries, like China, India, Malaysia, and Indonesia.
Some of the asphalt modifiers companies profiled in this report include DuPont, BASF SE, Arkema, Nouryon, Arrmaz, Honeywell International, Kraton Corporation, Akzo Nobel, ExxonMobil, Kao Corporation, and Dow
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Features of Asphalt Modifiers Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global asphalt modifiers market by physical modifiers (plastics, rubbers, and others), chemical modifiers, fibers, adhesion improvers, extenders, fillers, antioxidants, anti-strip modifiers, and other), application (paving, roofing, and other), technology (hot mix, cold mix, and warm mix), 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 regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the asphalt modifiers market? Q.5 What are the business risks and threats to the asphalt modifiers market? Q.6 What are emerging trends in this asphalt modifiers market and the reasons behind them? Q.7 What are some changing demands of customers in the asphalt modifiers market? Q.8 What are the new developments in the asphalt modifiers market? Which companies are leading these developments? Q.9 Who are the major players in the asphalt modifiers market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the asphalt modifiers market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the asphalt modifiers market? |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Asphalt Modifiers Market
6.1.1 Growth Opportunities for the Global Asphalt Modifiers Market by Application
6.1.2 Growth Opportunities for the Global Asphalt Modifiers Market by Product Type
6.1.3 Growth Opportunities for the Global Asphalt Modifiers Market by Technology
6.1.4 Growth Opportunities for the Global Asphalt Modifiers Market by Region
Methodology
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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