Middle East & Africa Bitumen Additives Market Forecast to 2030 - Regional Analysis - by Type (Polymeric Modifiers, Adhesion Promoters / Anti-Strip Agents, Chemical Modifiers, Antioxidants, Fibers, Fillers, Emulsifiers, and Others) and Application (Road Construction, Roofing, Paints & Coatings, and Others)
The Middle East & Africa bitumen additives market was valued at US$ 327.87 million in 2022 and is expected to reach US$ 484.25 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.
Development of Sustainable Bitumen Additives Bolsters Middle East & Africa Bitumen Additives Market
Rising awareness regarding greenhouse gas (GHG) emissions can upsurge the demand for bio-based and sustainable polymer products. Governments of various countries are adopting several initiatives to increase the awareness and development of bio-materials and recycled materials. In 2019, Nouryon launched sustainable ingredients for the asphalt market. The company launched Wetfix G400, a non-amine adhesion promoter derived from renewable resources. Wetfix G400 is aimed at meeting customers’ needs for a sustainable alternative that maintains asphalt mixture performance and durability. Adhesion promoters are added to asphalt used in road construction and maintenance to protect from damage caused by moisture and extend the service life of asphalt pavement. However, conventional adhesion promoters are incompatible with polyphosphoric acid (PPA), which is growing in popularity as an economical way to modify asphalt binders to the desired performance level. In 2021, Kao Performance Chemicals launched an asphalt additive made from recycled plastic (Polyethylene Terephthalate) bottles. The product NEWTLAC 5000 is an additive with high durability and oil resistance. Moreover, NEWTLAC 5000 pavement is less susceptible to damage from heavy vehicles. Therefore, the development of sustainable bitumen additives is expected to drive the bitumen additives market during the forecast period.
Middle East & Africa Bitumen Additives Market Overview
A rise in demand for construction materials due to a surge in infrastructural projects, sustainable construction, and industrialization in the Middle East & Africa are driving the demand for construction and building materials. The construction of commercial infrastructure has upsurged in the region due to the growing tourism industry and the rising immigrant population. The rising urban population has increased the construction of private residential buildings in semi-urban and urban cities, prompting governments to invest in the building & construction industry. Over the last ten years, the UAE government has invested extensively in airport developments and expansion projects, namely US$ 8.1 billion in Al Maktoum International Airport in Dubai, US$ 7.6 billion in the Dubai International Airport Expansion Phase 4, US$ 6.8 billion in Abu Dhabi Airport development and expansion plans, and ~US$ 400 million in Sharjah’s International Airport terminal expansion.
In 2021, the construction of the Jeddah Corniche Circuit (Saudi Arabia) was finished, which involved the utilization of 37 thousand tons of asphalt, 600 thousand tons of cement, 30 thousand square meters of bricks, and 1.4 thousand tons of glass. The growing need for residential and commercial buildings in the Middle East & Africa is expected to create lucrative opportunities for bitumen, bitumen additives, and other building materials in the Middle East & Africa. Rising construction activities across the region and increasing government spending on infrastructure development through programs such as Saudi Vision 2030 and Abu Dhabi Economic Vision 2030 are expected to positively impact the bitumen additives market during the forecast period.
Middle East & Africa Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Bitumen Additives Market Segmentation
The Middle East & Africa bitumen additives market is categorized into type, application, and country.
Based on type, the Middle East & Africa bitumen additives market is segmented into polymeric modifiers, adhesion promoters / anti-strip agents, chemical modifiers, antioxidants, fibers, fillers, emulsifiers, and others. The polymeric modifiers segment held the largest market share in 2022.
In terms of application, the Middle East & Africa bitumen additives market is segmented into road construction, roofing, paints & coatings, and others. The road construction held the largest market share in 2022.
By country, the Middle East & Africa bitumen additives market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa bitumen additives market share in 2022.
Arkema SA, BASF SE, Dow Inc, Honeywell International Inc, Huntsman International LLC, Kao Corp, and Sasol Ltd are some of the leading companies operating in the Middle East & Africa bitumen additives market.
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- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 3.4 Limitations and Assumptions
- 4. Middle East & Africa Bitumen Additives Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Bitumen Additives Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. Middle East & Africa Bitumen Additives Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Sustainability Offered by Bitumen Additives
- 5.1.2 Rising Government Initiatives for Infrastructure Development
- 5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices
- 5.3 Market Opportunities
- 5.3.1 Strategic Product Innovations and Research by Key Market Players
- 5.4 Future Trends
- 5.4.1 Development of Sustainable Bitumen Additives
- 5.5 Impact of Drivers and Restraints:
- 6. Bitumen Additives Market – Middle East & Africa Market Analysis
- 6.1 Middle East & Africa Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
- 6.2 Middle East & Africa Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
- 6.3 Middle East & Africa Bitumen Additives Market Forecast and Analysis
- 7. Middle East & Africa Bitumen Additives Market Analysis - Type
- 7.1 Polymeric Modifiers
- 7.1.1 Overview
- 7.1.2 Polymeric Modifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Polymeric Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.2 Adhesion Promoters / Anti-Strip Agents
- 7.2.1 Overview
- 7.2.2 Adhesion Promoters / Anti-Strip Agents Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Adhesion Promoters / Anti-Strip Agents Market Volume and Forecast to 2030 (Kilo Tons)
- 7.3 Chemical Modifiers
- 7.3.1 Overview
- 7.3.2 Chemical Modifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.3.3 Chemical Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.4 Antioxidants
- 7.4.1 Overview
- 7.4.2 Antioxidants Market Revenue and Forecast to 2030 (US$ Million)
- 7.4.3 Antioxidants Market Volume and Forecast to 2030 (Kilo Tons)
- 7.5 Fibers
- 7.5.1 Overview
- 7.5.2 Fibers Market Revenue and Forecast to 2030 (US$ Million)
- 7.5.3 Fibers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.6 Fillers
- 7.6.1 Overview
- 7.6.2 Fillers Market Revenue and Forecast to 2030 (US$ Million)
- 7.6.3 Fillers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.7 Emulsifiers
- 7.7.1 Overview
- 7.7.2 Emulsifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.7.3 Emulsifiers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 7.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)
- 8. Middle East & Africa Bitumen Additives Market Analysis - Application
- 8.1 Road Construction
- 8.1.1 Overview
- 8.1.2 Road Construction Market Revenue, and Forecast to 2030 (US$ Million)
- 8.2 Roofing
- 8.2.1 Overview
- 8.2.2 Roofing Market Revenue, and Forecast to 2030 (US$ Million)
- 8.3 Paints & Coatings
- 8.3.1 Overview
- 8.3.2 Paints & Coatings Market Revenue, and Forecast to 2030 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
- 9. Middle East & Africa Bitumen Additives Market - Country Analysis
- 9.1 Middle East & Africa Bitumen Additives Market
- 9.1.1 Middle East & Africa Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
- 9.1.1.1 Middle East & Africa Bitumen Additives Market Breakdown by Country
- 9.1.1.2 South Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.3 South Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.3.1 South Africa Bitumen Additives Market Breakdown by Type
- 9.1.1.3.2 South Africa Bitumen Additives Market Breakdown by Application
- 9.1.1.4 Saudi Arabia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.5 Saudi Arabia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.5.1 Saudi Arabia Bitumen Additives Market Breakdown by Type
- 9.1.1.5.2 Saudi Arabia Bitumen Additives Market Breakdown by Application
- 9.1.1.6 UAE Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.7 UAE Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.7.1 UAE Bitumen Additives Market Breakdown by Type
- 9.1.1.7.2 UAE Bitumen Additives Market Breakdown by Application
- 9.1.1.8 Rest of Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.9 Rest of Middle East & Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.9.1 Rest of Middle East & Africa Bitumen Additives Market Breakdown by Type
- 9.1.1.9.2 Rest of Middle East & Africa Bitumen Additives Market Breakdown by Application
- 10. Competitive Landscape
- 10.1 Heat Map Analysis- By Key Players
- 10.2 Company Positioning & Concentration
- 11. Bitumen Market Industry Landscape
- 11.1 Overview
- 11.2 Merger and Acquisitions
- 11.3 Product Launch
- 12. Company Profiles
- 12.1 Arkema SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Dow Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Honeywell International Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Huntsman International LLC
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Sasol Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 BASF SE
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Kao Corp
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 13. Appendix
- LIST OF TABLES
- Table 1. Middle East & Africa Bitumen Additives Market Segmentation
- Table 2. Middle East & Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- Table 3. Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- Table 4. Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Type
- Table 5. Middle East & Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – Type
- Table 6. Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Application
- Table 7. South Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 8. South Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
- Table 9. South Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 10. Saudi Arabia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 11. Saudi Arabia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
- Table 12. Saudi Arabia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 13. UAE Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 14. UAE Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
- Table 15. UAE Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 16. Rest of Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 17. Rest of Middle East & Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
- Table 18. Rest of Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- LIST OF FIGURES
- Figure 1. Middle East & Africa Bitumen Additives Market Segmentation, By Country
- Figure 2. Porter's Five Forces Analysis
- Figure 3. Ecosystem: Bitumen Additives Market
- Figure 4. Middle East & Africa Bitumen Additives Market - Key Industry Dynamics
- Figure 5. Crude Oil Prices in Accordance with Various Geopolitical and Economic Events (1970–2023)
- Figure 6. Impact Analysis of Drivers and Restraints
- Figure 7. Middle East & Africa Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
- Figure 8. Middle East & Africa Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
- Figure 9. Middle East & Africa Bitumen Additives Market Share (%) – Type, 2022 and 2030
- Figure 10. Polymeric Modifiers Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 11. Polymeric Modifiers Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 12. Adhesion Promoters / Anti-Strip Agents Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 13. Adhesion Promoters / Anti-Strip Agents Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 14. Chemical Modifiers Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 15. Chemical Modifiers Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 16. Antioxidants Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 17. Antioxidants Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 18. Fibers Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 19. Fibers Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 20. Fillers Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 21. Fillers Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 22. Emulsifiers Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 23. Emulsifiers Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 24. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 25. Others Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 26. Middle East & Africa Bitumen Additives Market Share (%) – Application, 2022 and 2030
- Figure 27. Road Construction Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 28. Roofing Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 29. Paints & Coatings Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 30. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 31. Middle East & Africa Bitumen Additives Market, By Key Country – Revenue (2022) (US$ Million)
- Figure 32. Middle East & Africa Bitumen additives market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 33. South Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 34. South Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 35. Saudi Arabia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 36. Saudi Arabia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 37. UAE Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 38. UAE Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 39. Rest of Middle East & Africa Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 40. Rest of Middle East & Africa Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- Figure 41. Heat Map Analysis- By Key Players
- Figure 42. Company Positioning & Concentration
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