The report is titled as ‘Asphalt Additive Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Asphalt Additive market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

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Asphalt Additive Introduction

Asphalt can be referred to as a brown or black petroleum-like substance that is by and large gathered either as a residue from the decoction of petroleum or organic sediments, that possess a density varied from viscous liquid to glassy solid. The mechanical properties of asphalt majorly allow asphalt to be used as adhesive or binder. The prime application of asphalt is in road surfacing, which has the potential to be performed in several different means. The asphalt additives or otherwise known as adhesion promoters can be perceived as chemicals mixed to asphalt in order to enhance aggregate coating and improve the frequency and strength of chemical soldering between asphalt and aggregate.

The asphalt additives provide enhanced bonding strength that further offers pathways with defense opposed to moisture-impairment destruction. If in case, asphalt separates from aggregate while in the presence of water, it results in moisture impairment, and leads to potholes, rutting, and ultimately pathways to deteriorate at a premature period. The increased number of end-use application of asphalt additives all across the world is primarily estimated to accelerate the market growth in the following years.

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Asphalt Additive Market Segmentation

The global asphalt additive market is segmented on the basis of type, application, technology, and region.

By Type

  • Polymeric Modifiers
  • Anti-strip & Adhesion Promoters
  • Emulsifiers
  • Chemical Modifiers
  • Rejuvenators
  • Fibers
  • Flux Oil
  • Colored Asphalt
  • Others

By Application

  • Road Construction & Paving
  • Roofing
  • Airport Construction
  • Others

By Technology

  • Hot Mix
  • Cold Mix
  • Warm Mix

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Asphalt Additive Market Key Players

Some of the key participating players in global Asphalt Additive market are:

  • Nouryon
  • Arkema SA
  • Honeywell International Inc.
  • Evonik Industries
  • Kraton Corporation
  • BASF SE
  • Ingevity Corporation
  • Arrmaz
  • DowDuPont Inc.

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