Global Asphalt Polymeric Modifier Market Overview:
Asphalt is a Mixture of Aggregates, Filler & Binder That Finds its Usage in the Construction of Roads, Parking Areas, Railway Tracks, Ports, Airport Runways, Bicycle Lanes, Sidewalks & Also Play &Sport Areas. Polymeric Modifier is Used with Asphalt to Improve the Flexibility & Durability of Asphalt for Various Construction Projects. Addition of Modifier Results in Improved Load Resistance, With Less Thermal Cracking & Overall Improved Mixture Durability. Usage of Polymeric Modifier Causes Reduction in the Amount & Severity of Pavement Distresses & Increase in the Service Life Some of the key players profiled in the study are DuPont (United States), BASF SE (Germany), ExxonMobil (United States), Evonik Industries (Germany), Arkema SA (France), Nynas AB (Sweden), Nouryon (Netherlands), Honeywell International Inc. (United States), Kraton Corporation (United States) and Arrmaz (United States).
On the basis of geography, the market of Asphalt Polymeric Modifier has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Hot Mix will boost the Asphalt Polymeric Modifier market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Asphalt Polymeric Modifier market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Need for Superior Construction Material in the Construction of High Traffic Roads for Extending the Life of Roadways & Meeting Definite Design Specifications
- The Rise in the Construction of Airports, Race Tracks, & Government Projects, Owing to Urbanization & Increased Investment in the Construction Sector
- The Surge in the Research & Development Activities for Incorporating Nanotechnology in Asphalt Modification
- Fluctuations in the Price of Raw Materials
- There are Prospects for the Growth of Asphalt Polymeric Modifiers, Owing to the Rise in the Infrastructure Development Projects in Growing Like India, China, & Brazil
- There is an Increased Opportunity for Market Expansion, Due to Surging Usage of Asphalt in Roofing Applications
- Occupational Health Hazard Linked With Asphalt May Pose a Challenge
The Market for the Asphalt Polymeric Modifier is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market
Target Audience:Asphalt Polymeric Modifier Manufacturers, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Asphalt Polymeric Modifier market on the basis of product [Thermoplastic Elastomers, Thermoplastic Polymers and Thermosetting Polymers] , application [Road Construction & Paving, Airport Construction, Roofing and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Asphalt Polymeric Modifier market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Asphalt Polymeric Modifier industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Kao Corporation (Japan), Ingevity Corporation (United States), Sasol Limited (South Africa), Cargill Inc. (United States) and McAsphalt Industries Limited (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Asphalt Polymeric Modifier market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.