The multinational Asphalt Additives market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.
In the global Asphalt Additives market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
Evonik
Kraton
DuPont
Arkema
Dow Chemical
Akzo Nobel
Huntsman
Berkshire Engineering Supplies
ArrMaz
Kao Corporation
Engineered Additives
BASF
Sonneborn
Honeywell
Ingevity
LUCOBIT
Sinopec
LCY CHEMICAL CORP
Jiangsu Jinyang
Zibo bridge lung
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Asphalt Modifier
Antistripping agent
Asphalt emulsifier
Surfactant additives
Foam stabilizer
Others
In market segmentation by applications :
Road construction & paving
Roofing
Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Asphalt Additives market for the forecast period 2020 - 2025?
• What are the driving forces in the Asphalt Additives market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Asphalt Additives industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?