Asphalt Additives Market Pegged for Robust Expansion by 2024

1. Asphalt Additives Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

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3. Asphalt Additives Market: Paving the Way for Environmentally-Safer Infrastructure Carbon footprint and sustainability are magic words, not only for the automotive industry but also for an increasing number of other industrial verticals. As the environmental impact of asphalt additives is becoming one of the most critical criteria for end users, the market is likely to see a sea of change in term of product innovation in the coming years. The asphalt additives market is undergoing conspicuous transformations with the advent of recent advancements in warn-mix technologies, where asphalt is mixed with novel additives such as rubber, plastic, and glass. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Asphalt Additives Market: Demand to Increase for Both, New and Aging Infrastructural Development • As the negative impacts of the Great Recession are ebbing, the trends of urbanization, globalization, and industrialization are on the rise, and roads are becoming arteries to the modern world economy. • The growing need for the development of new as well as aging and under-funded infrastructure is triggering the growth of the asphalt additives market in various geographical regions. • The global demand for asphalt additives stood at 2,201 kilo tons in 2018, reaching a market valuation of ~ US$ 3.5 billion. 

5. Road Construction and Paving to Capture a Whopping ~ 83% Revenue Share Sustainability is emerging as a vital parameter in the road construction industry, giving rise to innovations in terms of types of asphalt additives as well as manufacturing technologies. Roads and highways are the reflection of the economic growth of any region/country, and with increasing urbanization, the demand for innovative and environmentally-friendly asphalt additives is likely to reach new heights in the road construction and paving industry. TMR’s study estimates that, in 2019, the industry will account for ~ 83% revenue share of the asphalt additives market. ©2019 Transparency Market Research, All Rights Reserved

6. Key players operating in the global asphalt additives market include ArrMaz Berkshire Engineering Supplies Engineered Additive LLC Kao Corporation Honeywell International Inc. Huntsman Corporation Evonik Industries ©2019 Transparency Market Research, All Rights Reserved

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