According to a market report by Lucintel, the future of the global asphalt additive market looks promising with opportunities in the road construction & paving, roofing, and airport construction markets. The global asphalt additive market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing adoption of warm mix asphalt, growing road and building construction activities, and rising infrastructure investment.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in asphalt additive market to 2030 by type (polymeric modifier, anti-strip and adhesion promoter, emulsifier, chemical modifier, rejuvenator, fiber, flux oil, colored asphalt, and others), technology (hot mix, cold mix, and warm mix), application (road construction & paving, roofing, airport construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, polymeric modifier, anti-strip and adhesion promoter, emulsifier, chemical modifier, rejuvenator, fiber, flux oil, and colored asphalt are the major segments of asphalt additive market by type. Lucintel forecasts that polymeric modifier will remain the largest segment over the forecast period due to its excellent strength, durability, and enhanced flexibility.
Within this market, road construction & paving will remain the largest segment as these additive helps in increasing its resistance to oxidation and ultraviolet (UV) radiation, prolonging the lifespan of the pavement.
APAC will remain the largest region over the forecast period due to rapid urbanization and rising number of new road pavement projects in the region.
Nouryon, Dow, Arkema, Honeywell International, Evonik Industries, Huntsman, and Kraton are the major suppliers in the asphalt additive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]