Asphalt Additives Market to have worth $2,302 million by 2022

1. Asphalt Additives Market Opportunities and Forecasts, 2014 – 2022 No of Pages:  115 Published date: Aug- 2016

2. Introduction to Asphalt Additives Market • Asphalt additives are the specialty chemicals that are added to impart additional benefits such as reduction in stripping, raveling, cracking, costs, and deformations. • They are specifically added during construction of roads, sidewalks, airports, and parking lots • The market for asphalt additives has grown tremendously in the recent past due to increase in government investment for the infrastructural development coupled with the rise in ownership of automobiles globally. • Factors that drive the growth of the global asphalt additives market are increase in urbanization, rise in demand of asphalt from construction industry, and growth in conformity with latest manufacturing standards. • In addition, increase in demand for asphalt additives from the emerging economies as well as growth in awareness about energy conservation and sustainable infrastructure provide opportunities to the asphalt additives manufactures.

3. Introduction to Asphalt Additives Market • However, low consumer awareness and change in regulatory environment are expected to hamper the market growth. • PAC is expected to maintain its dominant position throughout the analysis period, due to the remarkable properties such as enhancement of asphalt ability to combat fatigue & cracks, temperature susceptibility, and increment in the adhesion & cohesion properties. • PAC is added to the asphalt immediately before heating to yield maximum benefit. • Road construction segment dominated with more than 50% share, in terms of volume, in 2015. • In response to the perennial urbanization, efficient roads are currently in high demand across the globe. • Residential construction companies are inclined towards using asphalt roofs to provide durability, algae resistance, fire resistance, and cost-effectiveness.

4. Asphalt Additives Market Key Segments

5. Asphalt Additives Market Top Investment Pockets Top Investment Pockets

6. Asphalt Additives Market Dynamics • Drivers • Rising demand for asphalt from road construction industry • Growing conformity with latest manufacturing standards • Rapid urbanization • Restraint • low consumer awareness • Changing regulatory environment

7. Key Benefits of Asphalt Additives Market • 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 end-user industries. • Competitive intelligence highlights the business strategies adopted by the prominent market players across various geographies.

8. Asphalt Additives MarketBy Geography North America, Europe, Asia-Pacific, LAMEA

9. Key Players of Asphalt Additives Market • EvonikIndustries 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

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