Top investment pockets Asphalt Additives Market Industry Forecast- 2024

Top investment pockets Asphalt Additives Market Industry Forecast- 2022

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2018-2022

ASPHALT ADDITIVES MARKET

Asphalt Additives Market Report is expected to reach $2,302 million by 2022, supported by a CAGR of 6.6% during the forecast period 2018 - 2022. The polymerized asphalt cement (PAC) segment held nearly half of the total market in 2015.

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.

ASPHALT ADDITIVES MARKET They enhance proficiency and durability of roads when used in combination with paving-grade asphalt and thus have an increasing demand across the globe. Rising demand for asphalt additives from construction industry, rapid urbanization and growing acceptance of new manufacturing standards are the major factors driving the asphalt additives industry across the world. Though, low consumer awareness and changing regulatory norms are factors that could restrain the growth of this market.

ASPHALT ADDITIVES MARKET

• 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. 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. The world roofing asphalt additives market volume is expected to grow at a CAGR of 6.8% and reach 399 kilotons by 2022.

ASPHALT ADDITIVES MARKET

Key Findings of Asphalt Additives Market •In terms of both value and volume, Novophalt additives is projected to be the fastest growing segment during the analysis period.

•Asia-Pacific is projected to maintain its lead position throughout 2022 and will grow at a CAGR of 8.3%, in terms of volume.

•Road construction application occupied more than half of the total market in 2015.

•China occupied two-thirds of the total Asia-Pacific asphalt additives market in 2015.

•India is expected to grow at the fastest rate and is expected to grow at a CAGR of 9.2% from 2016 to 2022 •Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/595

ASPHALT ADDITIVES MARKET Top Investment Pocket The global asphalt additives market is segmented based on geography into North America, Europe, AsiaPacific, and LAMEA. The figure below represents the market attractiveness of different geographical segments.

It is evident from the figure that the region that is most lucrative for investment is Asia-Pacific. Asia-Pacific is expected to be preferred by new entrants due to increase in road construction activities followed by rapid industrialization and growth in the real estate sector, coupled with infrastructural development especially in the emerging economies such as India, China, and Indonesia among others

By Region North America Europe Asia-Pacific LAMEA

ASPHALT ADDITIVES MARKET

ASPHALT ADDITIVES MARKET

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ASPHALT ADDITIVES MARKET

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ASPHALT ADDITIVES MARKET

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