Asphalt Additive Market Scope
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 Asphalt Additive market study is segmented 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.
The companies are exploring the market by adopting expansions, investments, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Asphalt Additive market throughout the predicted period.
Nouryon (Netherlands), DowDuPont (United States), Arkema SA (France), Honeywell International Inc. (United States), Evonik Industries (Germany), Huntsman Corporation (United States), Kraton Corporation (United States), Ingevity Corporation(United States) and BASF SE (Germany) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Asphalt Additive market by Type, Application and Region.
On the basis of geography, the market of Asphalt Additive has been segmented into 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).
Market Leaders and their expansionary development strategies
On 30 June 2020, Nouryon announced acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.
- Public-private partnerships and foreign investments in road pavement applications
- Increasing investment in the infrastructure sector
- Use of asphalt additives in roofing applications
- Price volatility of asphalt
- Covid-19 Impact on supply chain
- Lack of awareness about asphalt additives among road builders and contractors
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Asphalt Additive Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.