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 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 helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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