With growing infrastructure spending, the developing economies are bound to dictate the growth parameters of the asphalt additives market in the upcoming period. At the same time, the fact that uncertainties regarding prices of the petrochemical process may render inconsistency to the supply of asphalt can’t be ignored. Due to this, substitutes like gypsum, concrete, and asphalt may be tried out by the key players as covered by Persistence Market Research in its latest market study entitled “Asphalt Additives Market”.
How about analysis Category-wise?
The global asphalt additives market, by material, spans rejuvenators, emulsifiers, adhesion promoters, rheology and elasticity modifiers, polymeric modifiers, and others. By technology, the market constitutes warm mix, cold mix, and hot mix. By application, it says road construction & paving, roofing, airports, industrial, and others. Out of these, road construction & paving holds the largest market share. Along the same grounds, hot mix technology rules the roost. Persistence Market Research has mentioned these developments with future action items in its latest market study entitled “Asphalt Additives Market”.
North America and Europe are expected to grow moderately in the next 10 years. However, the Asia-Pacific is expected to grow on a stubborn note in the asphalt additives market due to countries like China, India, Vietnam, Malaysia, and Indonesia holding the baton. MEA, backed by industrialization, is also expected to grow on a significant note in the asphalt additives market going forward. Persistence Market Research has given these facts with future courses of action in its latest market study entitled “Asphalt Additives Market”.
Persistence Market Research has profiled the key players in the asphalt additives market as Kraton Corporation, Dow Chemical Company, Honeywell International Inc., Evonik Industries AG, BASF SE, Huntsman International, Sasol Ltd., Ingevity Corporation, Arkema Group, Kao Corporation, and Engineered Additives LLC.
Persistence Market Research has also mentioned the developments on this front. For instance – BASF SE, in June 2020, did launch a bitumen additive known as “B2Last”, which does bind bitumen’s components for forming a sturdy yet elastic polymer grid. As such, the lifespan of the road could be extended. Nouryon, in April 2019, came up with Netflix G400. It comes across as a non-amine, versatile adhesion promoter that has been derived from renewable resources. The compatibility of Wetfix comes with PPA (polyphosphoric acid) modified binders and does work for every kind of aggregate.
The Way Further
The global asphalt additives market is estimated to join the bandwagon of sizable growth in the next ten years – Persistence Market Research