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Global Asphalt additives market was valued at $1,433 million in 2015, and is expected to reach $2,302 million by 2022, supported by a CAGR of 6.6% during the forecast period 2016 - 2022.
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Asphalt Additives Market by Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier, and Others), and Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction: Global Asphalt additives marketwas valued at $1,433 million in 2015, and is expected to reach $2,302 million by 2022, supported by a CAGR of 6.6% during the forecast period 2016 - 2022. Asphalt additives are used with an aim to attain sustainable development of infrastructures including roads and households. They enhance proficiency and durability of roads when used in combination with paving-grade asphalt and thus have an increasing demand across the globe. Rising demand for asphalt additives from construction industry, rapid urbanization and growing acceptance of new manufacturing standards are the major factors driving the asphalt additives industry across the world. Though, low consumer awareness and changing regulatory norms are factors that could restrain the growth of this market.
Segment Review The market is segmented on the basis of type, application, and geography. On the basis of type, it is divided into polymerized asphalt cement, novophalt, multigrade asphalt cement, polyester modifier, and others. In the year 2015, the polymerized asphalt cement (PAC) segment accounted for more than half of the overall market, in terms of volume, as PAC improves the ability of asphalt to fight fatigue and cracks. According to the application, it is classified into road construction, road paving, airport runaway, parking lots, roofing, and others. The road construction segment accounted for more than half of market share by application in 2015, attributing to increasing urban migration and demographic changes globally. Get Sample Report@ https://www.alliedmarketresearch.com/request-sample/595
Key Players: • Evonik Industries AG • Tri-Chem Industries • Ingevity • AkzoNobel N.V. • E. I. du Pont de Nemours and Company • Honeywell International Inc. • Huntsman International LLC • Kao Corporation • ArrMaz • The Arkema Group. Read More@ https://www.alliedmarketresearch.com/asphalt-additives-market
ASPHALT ADDITIVES MARKET KEY BENEFITS • The report provides the quantitative analysis of the current market and estimations through 2014-2022, which assist in identifying the prevailing market opportunities. • The report also provides an extensive analysis of the current and emerging market trends and dynamics to assist the stakeholders in understanding the market scenario. • In-depth analysis of the market key segments demonstrates the consumption of asphalt additives in diverse applications across various various applications. • Competitive intelligence highlights the business strategies adopted by the prominent market players across various geographies.
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