Product Code: A00481
Title:
Asphalt Additives Market by Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier and Others) and Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027.
The global asphalt additives market was valued at $3.6 billion in 2019, and is projected to reach $5.3 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Asphalt additives are crucial for the sustainable development of roads and household infrastructure. In addition, they enhance the efficiency and overall shelf life of the roads when mixed with paving-grade asphalt, thus leading to their increased demand worldwide.
Asphalt additives are widely used in infrastructure and building construction industries. The infrastructure industry has grown significantly in recent years across the developing economies like India and China and is expected to experience increase in the future, owing to upcoming new construction technologies and the modernization of current infrastructure conditions. Rapid growth in population and urbanization has resulted in the surge in demand for modern infrastructure facilities and new houses. These factors are expected to directly affect the asphalt additives market as it is widely used in roofing applications of newly constructed buildings and is also widely used in road and runway constructions. Asphalt additives are widely used in manufacturing of pavements as asphalt used in this process is recycled multiple times as compared to other materials, which makes it an important and useful component. Due to this factor, asphalt additives are used repeatedly, which is expected to drive the growth of the asphalt additives market.
However, changing regulatory environment coupled with low consumer awareness may hamper the asphalt additives market growth. On the contrary, increase in demand for asphalt additives from the emerging economies as well as rise in awareness about energy conservation and sustainable infrastructure are expected to offer remunerative opportunities for asphalt additivesmarket growth in the near future.
The global asphalt additives market is segmented into type, application, and region. On the basis of type, the market is categorized into polymerized asphalt cement, novophalt, multigrade asphalt cement, polyester modifier and others. The applications covered in the study comprise road construction, road paving, airport runway, parking lots, roofing and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Some of the major players analyzed in this report areArkema Group, Akzo Nobel N.V., Evonik Industries AG, Honeywell International Inc, Huntsman International LLC, Ingevity, KAO Corporation, Nouryon, Sasol, and Tri-Chem Specialty Chemicals, LLC.
KEY BENEFITS FOR STAKEHOLDERS
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
Polymerized Asphalt Cement
Novophalt
Multigrade Asphalt Cement
Polyester Modifier
Others
By Application
Road Construction
Road Paving
Airport Runway
Parking Lots
Roofing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Russia
Germany
France
Turkey
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key benefits for stakeholders
- 1.3.Key market segments
- 1.4.Research methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.5.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Patent analysis
- 3.5.Impact of government regulations on global asphalt additives market
- 3.6.Market dynamics
- 3.6.1.Drivers
- 3.6.1.1.Rising demand for asphalt from road construction industry
- 3.6.1.2.Growing conformity with latest manufacturing standards
- 3.6.1.3.Rapid urbanization
- 3.6.2.Restraints
- 3.6.2.1.Low consumer awareness
- 3.6.2.2.Changing regulatory environment
- 3.6.3.Opportunities
- 3.6.3.1.Increase in demand from emerging economies
- 3.6.3.2.Growing awareness regarding energy conservation & sustainable infrastructure
CHAPTER 4:ASPHALT ADDITIVES MARKET, BY TYPE
- 4.1.Overview
- 4.1.1.Market size and forecast
- 4.2.Polymerized Asphalt Cement
- 4.2.1.Key market trends, growth factors, and opportunities
- 4.2.2.Market size and forecast, by region
- 4.2.3.Market share analysis, by country
- 4.3.Novophalt
- 4.3.1.Key market trends, growth factors, and opportunities
- 4.3.2.Market size and forecast, by region
- 4.3.3.Market share analysis, by country
- 4.4.Multigrade Asphalt Cement
- 4.4.1.Key market trends, growth factors, and opportunities
- 4.4.2.Market size and forecast, by region
- 4.4.3.Market share analysis, by country
- 4.5.Polyester Modifier
- 4.5.1.Key market trends, growth factors, and opportunities
- 4.5.2.Market size and forecast, by region
- 4.5.3.Market share analysis, by country
- 4.6.Others
- 4.6.1.Key market trends, growth factors, and opportunities
- 4.6.2.Market size and forecast, by region
- 4.6.3.Market share analysis, by country
CHAPTER 5:ASPHALT ADDITIVES MARKET, BY APPLICATION
- 5.1.Overview
- 5.1.1.Market size and forecast
- 5.2.Road Construction
- 5.2.1.Key market trends, growth factors, and opportunities
- 5.2.2.Market size and forecast, by region
- 5.2.3.Market share analysis, by country
- 5.3.Road Paving
- 5.3.1.Key market trends, growth factors, and opportunities
- 5.3.2.Market size and forecast, by region
- 5.3.3.Market share analysis, by country
- 5.4.Airport Runway
- 5.4.1.Key market trends, growth factors, and opportunities
- 5.4.2.Market size and forecast, by region
- 5.4.3.Market share analysis, by country
- 5.5.Parking Lots
- 5.5.1.Key market trends, growth factors, and opportunities
- 5.5.2.Market size and forecast, by region
- 5.5.3.Market share analysis, by country
- 5.6.Roofing
- 5.6.1.Key market trends, growth factors, and opportunities
- 5.6.2.Market size and forecast, by region
- 5.6.3.Market share analysis, by country
- 5.7.Others
- 5.7.1.Key market trends, growth factors, and opportunities
- 5.7.2.Market size and forecast, by region
- 5.7.3.Market share analysis, by country
CHAPTER 6:ASPHALT ADDITIVES MARKET, BY REGION
- 6.1.Overview
- 6.1.1.Market size and forecast
- 6.2.North America
- 6.2.1.Key market trends, growth factors, and opportunities
- 6.2.2.Market size and forecast, by type
- 6.2.3.Market size and forecast, by application
- 6.2.4.Market share analysis, by country
- 6.2.5.U.S.
- 6.2.5.1.Market size and forecast, by type
- 6.2.5.2.Market size and forecast, by application
- 6.2.6.Canada
- 6.2.6.1.Market size and forecast, by type
- 6.2.6.2.Market size and forecast, by application
- 6.2.7.Mexico
- 6.2.7.1.Market size and forecast, by type
- 6.2.7.2.Market size and forecast, by application
- 6.3.Europe
- 6.3.1.Key market trends, growth factors, and opportunities
- 6.3.2.Market size and forecast, by type
- 6.3.3.Market size and forecast, by application
- 6.3.4.Market share analysis, by country
- 6.3.5.Russia
- 6.3.5.1.Market size and forecast, by type
- 6.3.5.2.Market size and forecast, by application
- 6.3.6.Germany
- 6.3.6.1.Market size and forecast, by type
- 6.3.6.2.Market size and forecast, by application
- 6.3.7.France
- 6.3.7.1.Market size and forecast, by type
- 6.3.7.2.Market size and forecast, by application
- 6.3.8.Turkey
- 6.3.8.1.Market size and forecast, by type
- 6.3.8.2.Market size and forecast, by application
- 6.3.9.UK
- 6.3.9.1.Market size and forecast, by type
- 6.3.9.2.Market size and forecast, by application
- 6.3.10.Rest of Europe
- 6.3.10.1.Market size and forecast, by type
- 6.3.10.2.Market size and forecast, by application
- 6.4.Asia-Pacific
- 6.4.1.Key market trends, growth factors, and opportunities
- 6.4.2.Market size and forecast, by type
- 6.4.3.Market size and forecast, by application
- 6.4.4.Market share analysis, by country
- 6.4.5.China
- 6.4.5.1.Market size and forecast, by type
- 6.4.5.2.Market size and forecast, by application
- 6.4.6.Japan
- 6.4.6.1.Market size and forecast, by type
- 6.4.6.2.Market size and forecast, by application
- 6.4.7.South Korea
- 6.4.7.1.Market size and forecast, by type
- 6.4.7.2.Market size and forecast, by application
- 6.4.8.India
- 6.4.8.1.Market size and forecast, by type
- 6.4.8.2.Market size and forecast, by application
- 6.4.9.Australia
- 6.4.9.1.Market size and forecast, by type
- 6.4.9.2.Market size and forecast, by application
- 6.4.10.Rest of Asia-Pacific
- 6.4.10.1.Market size and forecast, by type
- 6.4.10.2.Market size and forecast, by application
- 6.5.LAMEA
- 6.5.1.Key market trends, growth factors, and opportunities
- 6.5.2.Market size and forecast, by type
- 6.5.3.Market size and forecast, by application
- 6.5.4.Market share analysis, by country
- 6.5.5.Brazil
- 6.5.5.1.Market size and forecast, by type
- 6.5.5.2.Market size and forecast, by application
- 6.5.6.Saudi Arabia
- 6.5.6.1.Market size and forecast, by type
- 6.5.6.2.Market size and forecast, by application
- 6.5.7.South Africa
- 6.5.7.1.Market size and forecast, by type
- 6.5.7.2.Market size and forecast, by application
- 6.5.8.Rest of LAMEA
- 6.5.8.1.Market size and forecast, by type
- 6.5.8.2.Market size and forecast, by application
CHAPTER 7:COMPETITIVE LANDSCAPE
- 7.1.Introduction
- 7.1.1.Market player positioning, 2019
- 7.2.Product mapping of top 10 player
- 7.3.Competitive heatmap
- 7.4.Key developments
- 7.4.1.Product Launch
- 7.4.2.Acquisition
- 7.4.3.Business Expansion
CHAPTER 8:COMPANY PROFILES:
- 8.1.ARKEMA GROUP
- 8.1.1.Company overview
- 8.1.2.Company snapshot
- 8.1.3.Operating business segments
- 8.1.4.Product portfolio
- 8.1.5.Business performance
- 8.1.6.Key strategic moves and developments
- 8.2.Akzo Nobel N.V.
- 8.2.1.Company overview
- 8.2.2.Company snapshot
- 8.2.3.Operating business segments
- 8.2.4.Product portfolio
- 8.2.5.Business performance
- 8.3.Evonik Industries AG
- 8.3.1.Company overview
- 8.3.2.Company snapshot
- 8.3.3.Operating business segments
- 8.3.4.Product portfolio
- 8.3.5.Business performance
- 8.4.Honeywell International Inc.
- 8.4.1.Company overview
- 8.4.2.Company snapshot
- 8.4.3.Operating business segments
- 8.4.4.Product portfolio
- 8.4.5.Business performance
- 8.5.Huntsman International LLC
- 8.5.1.Company overview
- 8.5.2.Company snapshot
- 8.5.3.Operating business segments
- 8.5.4.Product portfolio
- 8.5.5.Business performance
- 8.6.Ingevity
- 8.6.1.Company overview
- 8.6.2.Company snapshot
- 8.6.3.Operating business segments
- 8.6.4.Product portfolio
- 8.6.5.Business performance
- 8.6.6.Key strategic moves and developments
- 8.7.KAO Corporation
- 8.7.1.Company overview
- 8.7.2.Company snapshot
- 8.7.3.Operating business segments
- 8.7.4.Product portfolio
- 8.7.5.Business performance
- 8.8.Nouryon
- 8.8.1.Company overview
- 8.8.2.Company snapshot
- 8.8.3.Operating business segments
- 8.8.4.Product portfolio
- 8.8.5.Key strategic moves and developments
- 8.9.SASOL
- 8.9.1.Company overview
- 8.9.2.Company snapshot
- 8.9.3.Operating business segments
- 8.9.4.Product portfolio
- 8.9.5.Business performance
- 8.9.6.Key strategic moves and developments
- 8.10.Tri-Chem Specialty Chemicals, LLC
- 8.10.1.Company overview
- 8.10.2.Company snapshot
- 8.10.3.Product portfolio
- 8.11.Other key players profile
- 8.11.1.Key player competitive heat map
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