Global Asphalt Additive Market Report, Size, Share, Opportunities, And Trends By Type (Emulsifiers, Polymeric Modifiers, Chemical Modifiers, Rejuvenators, Colored asphalt), By Application (Road Construction and Paving, Roofing, Airport Construction), And By Geography - Forecasts From 2025 To 2030

Description

Asphalt Additive Market Size:

The global asphalt additive market is expected to grow from US$3.849 billion in 2025 to US$5.004 billion in 2030, at a CAGR of 5.39%.

The market growth is driven specifically by the increasing number of road construction and various developments in public infrastructure projects.

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Asphalt Additive Market Trends:

Asphalt additives, also known as adhesion promoters, are the chemicals added to asphalt. They are added around 0.50% by weight. They can be added to asphalt in various ways due to their easy-handling properties. This addition improves the aggregate coating and increases the frequency and strength of the chemical bonding of asphalt as aggregate.

Due to an increase in the bonding, moisture damage destruction is prevented when the aggregate detaches from the asphalt in water. Moisture damage can cause rutting and potholes, and pave the way to failure prematurely. The major application of asphalt additives is in the roofing sector, especially in waterproofing applications. Thus, construction and roofing are the fields propelling the asphalt additive market growth during the forecast period.

Although the developments in airways and seaways, roads are still dominating the transport sectors in major parts of the globe. Governments of many countries still prioritize the development of roads and highways. Developing countries such as India, China, and others are expected to grow in roads and infrastructure in the upcoming years.

Even after building the roads, regular maintenance and rehabilitation are required. Thus, the road construction sector is termed a never-ending process. Various projects have been launched by many governments to widen the expressways and highways. For instance, in December 2021, the Indian government announced that by the year 2024, the construction of the Zoji La tunnel on the Srinagar-Leh highway would be completed.

The roads and transport ministry is also working on schemes that will provide funds from the public at a 6% annual interest rate. Such rapid developments in road construction will require a high amount of asphalt aggregate chemicals. This is anticipated to rise in demand for asphalt additives in the future. Hence, there is no doubt about the growth of the asphalt additive market during the forecast period due to roads and highway or expressway infrastructure projects.

Additionally, growing traffic congestion on expressways and highways has led to the degradation of these roads. To make the roads durable, the proper base material is required. Whereas growing industrialization also paved the way for efficient road requirements. As the majority of raw materials are transported by roadways themselves, the dependency of industries on the road is rising. Hence, the growing requirement for efficient roads is expected to raise the demand for asphalt additives to enhance traditional asphalt’s properties and increase its durability, which will lead to growth in the asphalt additive market in the future.

Asphalt Additive Market Geographical Outlook:

• Asia-Pacific to grow at a fast pace

Along with India, China, Indonesia, and Malaysia, the government also increased its spending on infrastructure. These road infrastructure development activities are expected to increase at a significant rate in the upcoming years, which is eventually expected to drive the asphalt additive market in these countries.

Whereas due to growing environmental awareness, increasing funding, increasing roads and highways, and government initiatives to enhance the infrastructure, the demand for the asphalt additive is growing in North America and Europe as well. As per the report by the American Road and Transportation Builders Association, road construction, highways, bridges, and parking lots in the United States are predicted to increase in the forecast period.

Asphalt Additive Market Scope:

Asphalt Additives Market Segmentation:

• By Type
  • Emulsifiers
  • Polymer Modifiers
  • Chemical Modifiers
  • Rejuvenators
  • Colored Asphalt
  • Others
• By Technology
  • Warm-Mix Asphalt
  • Hot-Mix Asphalt
  • Cold-Mix Asphalt
• By Application
  • Roads & Pavement
  • Airport Runways
  • Parking Lots
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL ASPHALT ADDITIVES MARKET BY TYPE

5.1. Introduction

5.2. Emulsifiers

5.3. Polymer Modifiers

5.4. Chemical Modifiers

5.5. Rejuvenators

5.6. Colored Asphalt

5.7. Others

6. GLOBAL ASPHALT ADDITIVES MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Warm-Mix Asphalt

6.3. Hot-Mix Asphalt

6.4. Cold-Mix Asphalt

7. GLOBAL ASPHALT ADDITIVES MARKET BY APPLICATION

7.1. Introduction

7.2. Roads & Pavements

7.3. Airport Runways

7.4. Parking Lots

7.5. Others

8. GLOBAL ASPHALT ADDITIVES MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Italy

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Taiwan

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. BASF SE

10.2. Nouryon

10.3. DowDuPont

10.4. Arkema SA

10.5. Honeywell International Inc.

10.6. Evonik Industries

10.7. Ingevity Corporation

10.8. Sasol Ltd

10.9. Cargill, Incorporated

10.10. Chase Corporation

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

BASF SE

Nouryon

DowDuPont

Arkema SA

Honeywell International Inc.

Evonik Industries

Ingevity Corporation

Sasol Ltd

Cargill, Incorporated

Chase Corporation

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