Global Bio-based Asphalt Additives Market Growth 2024-2030

Global Bio-based Asphalt Additives Market Growth 2024-2030

Asphalt additives represent a number of substances that can be added to the asphalt binder to alter the characteristics of the final blend of asphalt for the construction of the top layer of a road. The type of additive used is depending on several factors, such as the type of road, the underground structure and climate. Asphalt additives are conventionally made from crude oil fractions but can also be made from bio-based materials including vegetable oils, such as soy and canola oil but also lignin.

The global Bio-based Asphalt Additives market size is projected to grow from US$ 124 million in 2024 to US$ 171 million in 2030; it is expected to grow at a CAGR of 5.5% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Bio-based Asphalt Additives Industry Forecast” looks at past sales and reviews total world Bio-based Asphalt Additives sales in 2023, providing a comprehensive analysis by region and market sector of projected Bio-based Asphalt Additives sales for 2024 through 2030. With Bio-based Asphalt Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio-based Asphalt Additives industry.

This Insight Report provides a comprehensive analysis of the global Bio-based Asphalt Additives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio-based Asphalt Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Bio-based Asphalt Additives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio-based Asphalt Additives and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio-based Asphalt Additives.

United States market for Bio-based Asphalt Additives is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Bio-based Asphalt Additives is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Bio-based Asphalt Additives is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Bio-based Asphalt Additives players cover Cargill, J. Rettenmaier & Söhne, Cirtec, SoyLei, Bakelite Synthetics, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio-based Asphalt Additives market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Asphalt Modifier
Antistripping Agent
Asphalt Emulsifier
Surfactant Additives
Foam Stabilizer
Others

Segmentation by Application:
Road Construction & Paving
Roofing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Cargill
J. Rettenmaier & Söhne
Cirtec
SoyLei
Bakelite Synthetics
Heartland
Ventraco
Shrieve
VOLTRION

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio-based Asphalt Additives market?

What factors are driving Bio-based Asphalt Additives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio-based Asphalt Additives market opportunities vary by end market size?

How does Bio-based Asphalt Additives break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.