Showing posts with label Asphalt Additives Market. Show all posts
Showing posts with label Asphalt Additives Market. Show all posts

Monday, 15 March 2021

New Product Developments, Acquisitions, and Collaboration to Enhance their Position in the Asphalt Additive Market

The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 5.1% from 2019 to 2024. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation (US), Arrmaz (US), BASF SE (Germany), and Kao Corporation (Japan) are some of the leading players operating in the asphalt additive market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaboration to enhance their position in the market.

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The Asia-Pacific region was the largest market for asphalt additives in 2018, owing to the increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia-Pacific region. The considerable growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia-Pacific asphalt additives market.

In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer-Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals which manufactures hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additive market.

In February 2019, a subsidiary of Arrmaz (US), RoadScience launched a new asphalt emulsifier, ArrTekk. This product is used to provide the required viscidity across asphalts for efficient and cost-effective chip sealing. These products provide better rutting resistance, high cold-temperature performance, and are water resistant. This development helped the company to enhance the depth of its product line.

Speak to Analyst: https://www.marketsandmarkets.com/requestsampleNew.asp?id=156734514

Wednesday, 14 October 2020

Road Construction and Paving Application is Expected to Lead The Asphalt Additives Market


The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

Governments of countries such as, China, India, Malaysia, and Indonesia in the Asia Pacific region have invested in infrastructure development, which includes the construction of new highways and freeways. This has lead to the growth of the asphalt additives application segment.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514

Hot mix asphalt is durable, resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to developments in the construction of high traffic roads like such as highways, race tracks, and airfields.

The Asia Pacific region was the largest market for asphalt additives

Owing to the increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia-Pacific region. The considerable growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia-Pacific asphalt additives market.

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation(US), Arrmaz(US), BASF SE (Germany), and Kao Corporation (Japan) are some of the leading players operating in the asphalt additive market.

In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer-Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals which manufactures hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additive market.

In February 2019, a subsidiary of Arrmaz (US), RoadScience launched a new asphalt emulsifier, ArrTekk. This product is used to provide the required viscidity across asphalts for efficient and cost-effective chip sealing. These products provide better rutting resistance, high cold-temperature performance, and are water resistant. This development helped the company to enhance the depth of its product line.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=156734514

Tuesday, 21 January 2020

Hot Mix Technology held the largest share of the Global Asphalt Additives Market

Hot mix asphalt is durable, resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to developments in the construction of high traffic roads like such as highways, race tracks, and airfields.

The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7%. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514

Governments of countries such as, China, India, Malaysia, and Indonesia in the Asia Pacific region have invested in infrastructure development, which includes the construction of new highways and freeways. This has lead to the growth of the asphalt additives application segment.

Based on type, the asphalt additives market has been segmented into:
  • Polymeric Modifiers
  • Anti-strip and adhesion promoters
  • Emulsifiers
  • Chemical Modifiers
  • Rejuvenators
  • Fibers
  • Flux Oil
  • Colored Asphalt
  • Others
  1. Organic Materials
  2. Rubber Modifiers

Based on Technology the asphalt additives market has been segmented into:
  • Hot Mix
  • Cold Mix
  • Warm Mix

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=156734514

The Asia-Pacific region was the largest market for asphalt additives in 2018, owing to the increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia-Pacific region. The considerable growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia-Pacific asphalt additives market.

Key Market Players

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation(US), Arrmaz (US), BASF SE (Germany), Kao Corporation (Japan) are some of the leading players operating in the asphalt additives market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaborations to enhance their position in the market.

Monday, 19 August 2019

Asphalt Additives Market- Future Demand, Market Analysis & Outlook to 2029

The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increasing developments in the Asia Pacific infrastructure market, recyclability of asphalt, development of warm-mix asphalt, and increasing use of the material in roofing applications is driving the growth of the market across the globe.
Asphalt is a composite material used for the construction of pavements, roads, airport runways, parking lots, and bridges. Environmental damage, high load traffic, and use of low-quality construction materials lead to the deterioration of asphalt, which needs to be modified to reduce wear & tear. Asphalt additives help in improving the performance, durability, and service life of the asphalt. They also enhance the sustainability of tires, increase the braking efficiency of vehicles, and help reduce the stripping, rutting, and cracking of asphalt.
Based on type, the rejuvenators segment is expected to grow at the highest CAGR during the forecast period, in terms of value. Increasing use of recycled materials, such as Reclaimed Asphalt Pavement (RAP) and Recycled Asphalt Shingles (RAS) in the asphalt pavements application, has resulted in the growing demand for rejuvenator asphalt additives to restore the strength and durability of aged binders. Rejuvenators are being widely used to improve properties, such as viscosity, of aging binders. The growth of this segment is due to the increased use of recycled road material for pavement application globally.
Based on technology, the warm mix technology of the global asphalt additive market is expected to grow at the highest CAGR from 2019 to 2029, in terms of value. The demand from warm mix technology segment is rising due to various properties that have made it more attractive than other asphalt mixes. Less energy is needed to heat the asphalt mix, and less fuel is required to produce warm-mix asphalt.  Also, it is environment-friendly as it produces fewer emissions, thus improving the working conditions at asphalt pavement sites. These properties will further increase its market share in the technology sector.
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Asia Pacific, North America, and Europe are significant regional markets for asphalt additive market. Growth in the infrastructure sector of emerging economies is driving the demand for new road pavements, and consequently, the demand for asphalt additives. Various leading manufacturers of asphalt additive have adopted the strategies of expansions, new product developments, acquisitions, and collaborations to cater to the increased demand for asphalt additive from various end-use industries.

Tuesday, 9 April 2019

Asphalt Additives Market worth 5.45 Billion USD by 2026



The report Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) – Global Forecast to 2026″, The asphalt additives market is projected to reach USD 5.45 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026.
Browse 136 market data tables and 57 figures spread through 177 pages and in-depth TOC on “Asphalt Additives Market” 
Early buyers will receive 10% customization on reports.
Leading players such as AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), and Arkema SA (France) are focusing on entering new markets by expanding their production capacities and launching technologically advanced products for road construction, and paving and roofing. This is expected to drive the asphalt additives market in the future.
Based on type, the polymeric modifiers segment accounted for the largest share of the asphalt additives market in 2015
Based on type, the polymeric modifiers segment of the asphalt additives market is expected to witness significant growth in the coming years. Polymeric modifiers are used throughout the world for improving flexibility and durability of asphalt pavements. They are easy to use and are easily available, thus making polymeric modifiers the most preferred asphalt additive.
Based on application, the road construction & paving segment accounted for the largest share of the asphalt additives market in 2015
The road construction and paving application segment of the asphalt additives market is expected to witness significant growth in the coming years. Governments of countries such as China, India, Malaysia, and Indonesia in the Asia-Pacific region have invested heavily in infrastructure development, which is driving this application segment of the asphalt additives market.
Based on technology, the hot mix segment accounted for the largest share of the asphalt additives market in 2015
Based on technology, the hot mix segment of the asphalt additives market held the largest share of the asphalt additives market in 2015. Hot mix asphalt is durable, and resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to the construction of high traffic roads such as highways, racetracks, and airfields.
The Asia-Pacific region dominated the asphalt additives market in 2015
Asia-Pacific dominated the asphalt additives market in 2015, owing to the increasing demand for asphalt additives in developing economies, such as India and China. China is the leading consumer of asphalt additives in the Asia-Pacific region. Extensive growth and innovation, along with industry consolidations, is expected to drive the Asia-Pacific asphalt additives market.
Key players operating in the asphalt additives market include AkzoNobel NV (Netherlands), E. I. du Pont de Nemours and Company (U.S.), Arkema SA (France), Honeywell International, Inc. (U.S.), Evonik Industries (Germany), Huntsman Corporation (U.S.), Kraton Corporation (U.S.), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), Ingevity Corporation (U.S.), and Arrmaz (U.S.), among others.

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