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Global Asphalt Additives Market is Projected to Reach 6,360 million US$ by the end of 2025

Author: QYResearch | Publish date: 2018-07-26 | Views: 44
New report published by QY Research which offers insights on the global Asphalt Additives market. The Asphalt Additives market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Asphalt Additives is expected to reflect a 1.3x increase in the revenue growth. In 2017 the global Asphalt Additives market was valued at US$ 5,030 Million and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 6,360 Million growing at a value CAGR of 3.0% throughout the period of forecast.

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Global Asphalt Additives Market: Market Driver and Restraint

Applications of Asphalt Additives are anticipated to create new business segments in the market. Asphalt Additives is in use for a broad range of Road construction & paving products such as high way, rural road & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Asphalt Additives application is developed towards a more active mode.


Manufacturers are exploring the potential of Asphalt Additives in Roofing. Application of Asphalt Additives in drinking water enclosures are gaining traction in the recent years. Recently, manufacturers have started using Asphalt Additives in the Residential Field area. Further, there are also potential uses in the areas of bridge decks.


Global Asphalt Additives Market: Key Takeaways

·        On the one hand, Asphalt Additives manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.

·        Besides, they are trying to broaden the applications of Asphalt Additives such as Residential Field.

·        Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service.


Global Asphalt Additives Market: Forecast by Nature

This segment includes Asphalt Modifier, Antistripping agent, etc. In terms of volume, Asphalt Modifier segment is expected to remain dominant in the global Asphalt Additives market.


Global Asphalt Additives Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global 1, 2-Propanediol market in terms of value. The China1, 2-Propanediol market was estimated to be valued at US$ 1659.57 Mn in 2017 and is expected to expand at a value CAGR of 3.3% over the forecast period. The North America market is expected to expand at a robust rate of 3.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for high way products in this region.


Global Asphalt Additives Market: Key Players

 Evonik, Kraton, DuPont, Arkema, Dow Chemical, Akzo Nobel, Huntsman, Berkshire Engineering Supplies, ArrMaz, Kao Corporation, Engineered Additives, BASF, Sonneborn, Honeywell, Ingevity, LUCOBIT, Sinopec, etc. are the key vendors included in this report.


The market of Asphalt Additives is very fragmented. Of the 2017 global market, the top 10 companies, all multinational, account for less than 0.3252 of sales. Evonik Chemical is by far the leader, followed by Kraton and DuPont. A number of producers are in China, many small and domestic. However, there are also multinational producers that supply high-quality product to the export-oriented market.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/202538/global-asphalt-additives-sales-market


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