Grand View Research, Inc: Global Asphalt Additives,
Market Size, Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2015 To 2022
Global asphalt additives market is expected to be globally driven by the growing
construction industries over the forecast period. Asphalt additives are added in
asphalt binder in order to enhance its properties such as cracking reduction,
stripping, pavement thickness and raveling. Asphalts additives are generally used
in airports, road surfaces and parking lots construction. Mixture formed from
asphalts concrete along with asphalt additives are recyclable in nature. Asphalt
performance characteristics such as tire wear, surface durability, braking efficiency
and roadway noise vary with different asphalt additives types.
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Ongoing construction activities in developing countries including China, Japan and
Taiwan are expected to propel the global market demand over the forecast period.
Asphalt additives are helpful in minimizing environment related damages
including carbon emission levels owing to which government and several global
environmental agencies including EPA are favoring asphalt additives use in end
use industries mainly construction. Therefore, environment friendly nature is
expected to further augment global market growth over the forecast period mainly
in pavements and other structures construction. Countries such as Brazil, India and
China are expected to contribute positively in the global market growth over the
forecast period. High production cost is expected to hinder global market growth
over the forecast period.
Asphalt additives are segmented depending upon its applications. Different types
include cold mix asphalt additives and hot mix asphalt additives. Both types are
majorly used in global construction sector.
Asia Pacific was holding the largest market share and is expected to continue this
trend over the forecast period on account of huge construction activities in the
region. China was the biggest consumer in the region as well as across the globe.
Growing product demand in countries such as Vietnam, India, Indonesia and
Malaysia are expected to augment regional market growth. On account of
sluggishness in construction activities in North America followed by Europe, a
dawdling growth rate is expected in these markets over the forecast period. Middle
East & Africa is expected to witness high growth on account of increasing
construction projects in the region.
Global asphalt additives market is highly consolidated in nature and is expected to
attract small companies in the regional market over the forecast period. Key
industry participants include Akzo Nobel, TR Chem Industries, Delta Companies,
MeadWestvaco Corporation, Evonik, ArrMaz, DuPont Evalay and Kao
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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Grand View Research, Inc.
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