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Asphalt Additives Market will be worth of US$4.29 bn in 2023, expanding at a CAGR of 4.2% by 2015-23

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This review is based on findings published by TMR in a report, titled “Asphalt Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” As per TMR, the global asphalt additives market stood at US$2.9 bn in
Transparency Market
Research
Asphalt Additives Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2023
Published Date
03-Nov-2015
180 Page Report
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Press Release
Demand for Asphalt Additives to Grow in Response to
Upswing in Construction Activities Worldwide, Says TMR
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Asphalt Additives Market
REPORT DESCRIPTION
Asphalt Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023
The presence of a large number of companies with equal market shares and strong brands such as Evonik
Industries AG, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Honeywell International
Inc., and Akzo Nobel N.V. has given the global asphalt additives market a highly fragmented vendor landscape.
Transparency Market Research (TMR) finds in a new study that the majority of these companies are presently
focusing on product diversification, strategic alliances, and mergers and acquisition to gain lion’s share in the
market.
“Since the market exhibits a low degree of capital intensive business model, the scope for the entry of new
players is higher. The degree of competition prevalent in the market is therefore likely to from medium to high
in the near future with the entry of new companies,” says a TMR analyst.
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Rising Spending on Construction Activities in MEA Fuels Asphalt Additives Sales
According to TMR, regions that boast robust construction industry are currently considered the most lucrative
markets for asphalt additives. For instance, the rising demand from the construction sector in the Middle East
and Africa (MEA) provides attractive opportunities for asphalt additives producers. “The increasing spending on
the construction activities is expected to make Saudi Arabia and Qatar the most lucrative markets for asphalt
additives in the MEA,” states a TMR analyst.
Besides this, the market is also expected to gain impetus from the increasing investment in road development
activities worldwide. Expansion of road networks between countries will create significant sales opportunities
for asphalt additives manufacturers. A case in point is the agreement between China and Europe to reconstruct
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Asphalt Additives Market
the ancient “Silk Route” between India and China. Such rising spending in construction projects will
substantially fuel demand for asphalt additives.
Additionally, the market is also expected to gain from upcoming events such as the Summer and Winter
Olympics and FIFA World Cup. These events will significantly boost road construction activities across
countries slated to host these events, thus augmenting demand for asphalt additives.
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Growing Use of Asphalt Substitutes to Threaten Market’s Growth
The majority of asphalt additives produced around the world are used in road construction. However, volatility
in prices and the shortage of asphalt supply have led to the development of various substitute products.
Currently, asphalt substitutes such as bricks, cobblestone, pavers, cement, and concrete are used on an
extensive scale for the construction and maintenance of roads. This poses a significant threat to the producers
of asphalt additives.
Potential Applications of PMA to Boost Opportunities for Asphalt Additives Sales in Forthcoming Years
The potential application of polymer modified asphalt (PMA) is expected to drive demand for asphalt additives
in the forthcoming years. PMAs find application in the construction of roads and pavements, roofing,
waterproofing, and sprayed sealants. They ensure prolonged lifespan of the application they are used in, apart
from enhancing their overall performance. The rising awareness about benefits offered by PMAs will propel the
asphalt additives market in the near future.
The rising use of asphalt in road construction makes it the largest application segment in the global asphalt
additives market. Holding a share of 83.2%, the road construction and paving segment led the overall market
in 2014. Regionally, Asia Pacific dominated the global market with a share of 33% in terms of volume in the
same year.
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Asphalt Additives Market
As per TMR, the global asphalt additives market stood at US$2.9 bn in 2014 and is expected to reach US$4.2
bn by the end of 2023. The market is thus expected to report a CAGR of 4.2% between 2015 and 2023.
This review is based on findings published by TMR in a report, titled “Asphalt Additives Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Key Takeaways:
•
Rising road construction activities worldwide to boost the global asphalt additives market at 4.2%
CAGR from 2015 to 2023.
•
With over 83% revenue share, road construction and paving emerged as largest application segment in
2014.
•
Expansion of construction industry in Asia Pacific to fuel asphalt additives consumption
The report segments the global asphalt additives market as:
Asphalt Additives Market - Technology Analysis
•
Hot/warm mix
•
Cold mix
Asphalt Additives Market - Application Analysis
•
Road construction & paving
•
Roofing
•
Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge
decks)
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Asphalt Additives Market
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope & Assumptions
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Asphalt Additives Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
2.2 Global Asphalt Additives: Market Snapshot
Chapter 3 Asphalt Additives Market– Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Increasing expenditure on construction in MEA to augment demand for asphalt additives
3.3.2 Increase road construction activities to boost demand for asphalt additives during the forecast period
3.4 Restraints
3.4.1 Asphalt alternatives likely to hamper the growth of the asphalt additives market
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3.5 Opportunity
3.5.1 Rising application scope of polymer modified asphalt (PMA) is anticipated to increase demand for
asphalt additives
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of Substitutes
3.6.4 Threat of New Entrants
3.6.5 Degree of Competition
3.7 Asphalt Additives Market Attractiveness Analysis, 2014
Chapter 4 Price Trend Analysis
4.1 Asphalt Additives: Global Price Trends, 2014-2023
Chapter 5 Asphalt Additives Market – Technology Analysis
5.1 Global Asphalt Additives Market: Technology Overview
5.2 Asphalt Additives Market: By Technology
5.2.1 Global Asphalt Additives Market Market for Hot Mix & Warm Mix Additives, 2014 – 2023 (Kilo Tons)
(US$ Mn)
5.2.2 Global Asphalt Additives Market Market for Cold Mix Additives, 2014 – 2023 (Kilo Tons) (US$ Mn)
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Chapter 6 Asphalt Additives Market - Application Analysis
6.1 Asphalt Additives Market: Application Overview
6.2 Asphalt Additives Market: By Application
6.2.1 Global Asphalt Additives Market for Road Construction and Paving, 2014–2023 (Kilo Tons) (US$ Mn)
6.2.2 Global Asphalt Additives Market for Roofing, 2014–2023 (Kilo Tons) (US$ Mn)
6.2.3 Global Asphalt Additives Market for Others, 2014–2023 (Kilo Tons) (US$ Mn)
Chapter 7 Asphalt Additives Market - Regional Analysis
7.1 Global Asphalt Additives Market: Regional Overview
7.2 North America
7.2.1 North America Asphalt Additives Market: By Technology
7.2.2 North America Asphalt Additives Market: By Application
7.2.3 U.S. Asphalt Additives Market: By Technology
7.2.4 U.S. Asphalt Additives Market: By Application
7.2.5 Rest of North America Asphalt Additives Market: By Technology
7.2.6 Rest of North America Asphalt Additives Market: By Application
7.3 Europe
7.3.1 Europe Asphalt Additives Market: By Technology
7.3.2 Europe Asphalt Additives Market: By Application
7.3.3 Germany Asphalt Additives Market: By Technology
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Asphalt Additives Market
7.3.4 Germany Asphalt Additives Market: By Application
7.3.5 Turkey Asphalt Additives Market: By Technology
7.3.6 Turkey Asphalt Additives Market: By Application
7.3.7 U.K. Asphalt Additives Market: By Technology
7.3.8 U.K. Asphalt Additives Market: By Application
7.3.9 France Asphalt Additives Market: By Technology
7.3.10 France Asphalt Additives Market: By Application
7.3.11 Italy Asphalt Additives Market: By Technology
7.3.12 Italy Asphalt Additives Market: By Application
7.3.13 Rest of Europe Asphalt Additives Market: By Technology
7.3.14 Rest of Europe Asphalt Additives Market: By Application
7.4 Asia Pacific
7.4.1 Asia Pacific Asphalt Additives Market: By Technology
7.4.2 Asia Pacific Asphalt Additives Market: By Application
7.4.3 China Pacific Asphalt Additives Market: By Technology
7.4.4 China Pacific Asphalt Additives Market: By Application
7.4.5 India Asphalt Additives Market: By Technology
7.4.6 India Asphalt Additives Market: By Application
7.4.7 ASEAN Pacific Asphalt Additives Market: By Technology
7.4.8 ASEAN Pacific Asphalt Additives Market: By Application
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7.4.9 Rest of Asia Pacific Asphalt Additives Market: By Technology
7.4.10 Rest of Asia Pacific Asphalt Additives Market: By Application
7.5 Latin America
7.5.1 Latin America Asphalt Additives Market: By Technology
7.5.2 Latin America Asphalt Additives Market: By Application
7.5.3 Brazil Asphalt Additives Market: By Technology
7.5.4 Brazil Asphalt Additives Market: By Application
7.5.5 Rest of Latin America Asphalt Additives Market: By Technology
7.5.6 Rest of Latin America Asphalt Additives Market: By Application
7.6 Middle East & Africa
7.6.1 Middle East & Africa Asphalt Additives Market: By Technology
7.6.2 Middle East & Africa Asphalt Additives Market: By Application
7.6.3 GCC Asphalt Additives Market: By Technology
7.6.4 GCC Asphalt Additives Market: By Application
7.6.5 South Africa Asphalt Additives Market: By Technology
7.6.6 South Africa Asphalt Additives Market: By Application
7.6.7 Rest of Middle East & Africa Asphalt Additives Market: By Technology
7.6.8 Rest of Middle East & Africa Asphalt Additives Market: By Application
Chapter 8 Company Profiles
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Asphalt Additives Market
8.1 Evonik Industries Corporation
8.2 E. I. du Pont de Nemours and Company
8.3 The Dow Chemical Company
8.4 Akzo Nobel N.V.
8.5 Honeywell International Inc.
8.6 Huntsman Corporation
8.7 Berkshire Engineering Supplies
8.8 Engineered Additives LLC
8.9 Terex East Africa Ltd.
8.10 Kao Corporation
8.11 Arkema Inc.
8.12 ArrMaz
8.13 Kraton Performance Polymers, Inc.
Chapter 9 Primary Research – Key Findings
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reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
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Asphalt Additives Market
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