Global Bitumen (Asphalt) Additives Market Growth 2023-2029

Global Bitumen (Asphalt) Additives Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Bitumen (Asphalt) Additives Industry Forecast” looks at past sales and reviews total world Bitumen (Asphalt) Additives sales in 2022, providing a comprehensive analysis by region and market sector of projected Bitumen (Asphalt) Additives sales for 2023 through 2029. With Bitumen (Asphalt) Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bitumen (Asphalt) Additives industry.

This Insight Report provides a comprehensive analysis of the global Bitumen (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 Bitumen (Asphalt) Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bitumen (Asphalt) Additives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bitumen (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 Bitumen (Asphalt) Additives.

The global Bitumen (Asphalt) Additives market size is projected to grow from US$ 4588.2 million in 2022 to US$ 5807.3 million in 2029; it is expected to grow at a CAGR of 5807.3 from 2023 to 2029.

Evonik, Kraton, DuPont, Arkema and Dow Chemical are the top five of global Asphalt Additives industry, with about 36% market share.

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

Market Segmentation:

Segmentation by type
Emulsifiers
Polymeric Modifiers
Anti-Strip and Adhesion Promoters
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 analyzing the company's coverage, product portfolio, its market penetration.
ArrMaz
Croda International
AkzoNobel
Kraton Corporation
Kao Corporation
Honeywell International
Dow
DuPont
Berkshire Engineering
Huntsman International
Arkema Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bitumen (Asphalt) Additives market?

What factors are driving Bitumen (Asphalt) Additives market growth, globally and by region?

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

How do Bitumen (Asphalt) Additives market opportunities vary by end market size?

How does Bitumen (Asphalt) Additives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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