QY Research report states that the global cold mix asphalt additives market was worth US$370 million in 2017 and is expected to be worth US$490 million by the end of 2025. During the forecast years of 2018 and 2025, the global market is expected to register a CAGR of 3.5%. Analysts believe that the demand for cold mix asphalt additives is likely to spike as the construction industry gains momentum. These additives are used to change the final outcome of concrete to strength structures. The research report, titled “Global Cold Mix Asphalt Additives Market Insights, Forecast to 2025”, provides a comprehensive overview of the market along with estimates about its future.
Global Cold Mix Asphalt Additives Market: Drivers and Restraints
The research report predicts that the demand for cold mix asphalt additives will increase in the coming ears as they play an integral role in the construction industry. The demand will be especially high from the construction industry as development of roads remains the prime responsibility of emerging economies. High resilience and excellent durability make asphalt a winning material for construction purposes. This in turn in expected to stoke the demand for cold mix asphalt additives.
The restraint observed by analysts is the lack of awareness about the benefits of asphalt. Furthermore, the volatility of supply is also expected to affect the sales of the cold mix asphalt additives in the coming years.
Global Cold Mix Asphalt Additives Market: Segmentation
On the basis of type, the global cold mix asphalt additives market is segmented into emulsion-based cold mix asphalt additive and solvent-based cold mix asphalt additive. On the basis of application, the market is segmented into cold patch stockpile mix and cold mix paving. Out of these, the demand for cold mix paving is expected to increase in the coming years as it is extensively used for construction and repairs of roads, airfields, pavements, and parking lots.
Global Cold Mix Asphalt Additives Market: Regional Segmentation
On the basis of region, the global cold mix asphalt additives market is segmented into North America, Europe, Asia Pacific, Europe, and Rest of the World. Analysts anticipate that the Asia Pacific cold mix asphalt additives market will lead the overall market in the coming years. Emerging economies such as Japan, China, and India are expected to dominate the global market as the countries witness a massive infrastructural changes and development. The booming building and construction industries in these countries is expected bode well for the Asia Pacific cold mix asphalt additives market.
Global Cold Mix Asphalt Additives Market: Competitive Landscape
Some of the leading players studied in this research report are Dow, ArrMaz, Colasphalt, Evonik, Arkema Group, Engineered Additives, Kraton Performance Polymers, Kao Chemicals, Akzo Nobel, Huntsman, Sinopec, and Jiangsu Jinyang. The report states that these companies are focusing on adding value to their existing production capacities in the coming years. Improvement in leadership and cost reduction will also be key strategies used by the players to remain steady in the market. Expanding applications and enhancing quality will also remain vital to overcoming competition in the coming years.
Full Report Overview@ https://www.qyresearch.com/index/detail/738819/global-cold-mix-asphalt-additives-market