AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Asphalt Additive market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Asphalt Additive market to grow at a CAGR of %.
The Technology, such as Hot Mix, is boosting the Asphalt Additive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Asphalt is a black or brown petroleum-like material that features a density varying from viscous fluid to glassy strong. It is collected either as a deposit from the refining of petroleum or common deposits. It consists of compounds of hydrogen and carbon with minor proportions of nitrogen, sulfur, and oxygen. The mechanical features of asphalt are insignificant but when it is utilized as a binder or cement. Its primary use is in street surfacing, which may be performed in several ways. The commonly used light oil dust layer treatments are built up by repetition to make a tough surface. Moreover, a granular aggregate may be combined with an asphalt coat, or soil materials from the road surface itself may be blended with the asphalt. Various distinct additives are added to asphalt depending on the production technology and the end-use application.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Asphalt Additive market by Type (Polymeric Modifiers, Anti-strip and adhesion promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt and Others), by Application (Road Construction & Paving, Roofing, Airport Construction and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market