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.
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