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Asphalt Additives Market

Asphalt Additives Market report categorizes global market by product type, function, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Asphalt Additives Market - Global Industry Insights,
Trends, Outlook, and 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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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.
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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