Asphalt Additives

Asphalt Additives Market - Global Industry Insights,
Opportunity Analysis, 2018–2026
Asphalt additives are chemicals or substances that are added to asphalt to modify
the final outcome of asphalt binder. Asphalt additives are materials that enhance the
adhesive force between aggregates and asphalt cements preventing cracking,
unraveling and deformation. Asphalt additives offers various advantages such as
improved pavement performance, rutting resistance, reduced thermal cracking,
reduced moisture damage and stripping resistance. Asphalt additive are generally
used in road surfaces, airports, parking lots, runway, roofing, road construction and
road paving. Hot mix asphalt is a mixture of approximately 95% stone, sand bound
together with the help of asphalt cement, which is a product of crude oil. The asphalt
cement used for binding is a heated aggregate, combined, and mixed with the
aggregate at a hot mix asphalt facility.
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Mix designs of asphalt additives are required to determine the grade and percent of
emulsion used, as well as the workability, stability, strength and moisture. Cold mix
asphalt is manufactured by emulsifying the asphalt mix with the aggregates. In
emulsified state the asphalt is less viscous and the mixture is easy to work even in
cold temperatures. Cold mix asphalt are ideal for road repairs as they require smaller
volume. They are best alternatives to the conventional hot mix, due to their long
duration storage ability. The production of cold mix asphalt is relatively eco-friendly,
with very low associated emissions and reduced fuel consumption. Cold mix asphalt
are environmental friendly, economical, they have a control over characteristics such
as set time, mix time and strength, and they provide wide choice of processes to
meet paving needs such as repair, restoration and wearing courses.
In construction industry, Asphalt is the most extensively used road construction and
paving material, due to their durability and resilience. Asphalt additives are used for
new construction as well as maintenance activities. Asphalt derivatives are used in
formulating mortar admixtures and concrete. They also find application in
manufacturing of gypsum, cement plasterboard and asphalt emulsions. Apart from
this, asphalt is also commonly used as a waterproofing material for roofing
applications. Various asphalt additives used in the construction industry include
foaming agents, dispersants, deformers, grinding aids, accelerators and air
entrainers.
Asphalt Additives Market Outlook – Need for Increasing Road Infrastructure to be the
Major Market Driver.
Advances in bio-based additives such as bio asphalt binder and lignifame are
expected to create opportunities for global asphalt additives market. Global market
growth is assisted by rules and regulations implemented by Government agencies
such as Environmental Protection Agency, which are favoring these additives. Harsh
environmental factors such as rain or heat and excessive traffic load are hampering
the global asphalt additives market growth. Poor quality of material used for
construction and low awareness of performance enhancing asphalt additives are
predicated to slow down the global market growth.
Rapid urbanization and requirement of new roads for modern infrastructure is
considered as major market driver. Development of roads and infrastructure is one of
the major factors contributing to the growth of geotextile market. . The industry is
characterized by several major and minor participants. China, Japan, and India are
expected to dominate the demand for asphalt additives. Asia Pacific is projected to
witness relatively high growth in terms of value over the forecast period. Asia Pacific
is one of the major contributors in the geotextile market globally, due to active growth
in the construction industry. This trend is expected to be followed over the forecast
period. According to IBEF India has the second largest road network in the world and
is expected to reach total revenue of USD 6.9 billion by the end of 2017. India Brand
Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and
Industry, Department of Commerce in collaboration with the Government of India
with the purpose of promoting and creating international awareness of goods
manufactured in India. This mainly attributed to various government initiatives such
as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per
day was constructed in 2016-17 and others. Rise in government projects for road
construction in developing countries is expected to be a positive driver for the global
market.
Asia Pacific and Middle East regions have increasing demands of asphalt additives,
due to their reusable applications. Expansion in various geographies is a key
strategy adopted by the major players in the asphalt additives market. IN September
2015, CalPortland completed expansion of the business in California which will add
to the manufacturing capacity of the company. Evonik, Tr Chem Industries, DuPont
Evalay, MeadWestvaco Corporation, Akzo Nobel, Kao Corporation, Delta
Companies and Arr. Maz CalPortland, AkzoNobel N.V., Tri-Chem Industries,
Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman
International LLC, Kao Corporation, Honeywell International Inc., ArrMaz, and The
Arkema Group are the potential companies operating in asphalt additive market
industry.
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Asphalt Additives Market report categorizes global market by product type, function, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

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