Asphalt Additives Market Size, Share, Growth Report 2032

Asphalt Additives Market

Asphalt Additives Market By Type (Novophalt, Polymerized Asphalt Cement, Polyester Modifier, Multigrade Asphalt Cement and Others), By Application (Roofing, Airport Runaway, Road Paving, Parking Lots, Road Construction and Others) and By Technology (Hot Mis, Cold Mix and Warm Mix): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032

Category: Chemical & Materials Report Format : PDF Pages: 188 Report Code: ZMR-1089 Published Date: Nov-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 4.78 Billion USD 7.84 Billion 5.1% 2023

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Asphalt Additives Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. Middle East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Asphalt Additives Market – By Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Novophalt
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Pulymerized Asphalt Cement
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Pulyester Modifier
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Multigrade Asphalt Cement
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Asphalt Additives Market – By Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Roofing
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Airport Runaway
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Road Paving
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Parking Lots
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Road Construction
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Million)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Asphalt Additives Market – By Technulogy Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 6.2. Hot Mix
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Culd Mix
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Warm Mix
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Asphalt Additives Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Technulogy, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Technulogy, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Technulogy, 2016 – 2028
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. Middle East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. Middle East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.4. Middle East and Africa Market Revenue, By Technulogy, 2016 – 2028
  • Chapter No. 8 Asphalt Additives Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. Middle East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Asphalt Additives Market: Company Market Share, 2019
      • 9.1.2. Global Asphalt Additives Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Asphalt Additives Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Asphalt Additives Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Huntsman Corporation
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Nouryon
    • 10.3. DowDuPont
    • 10.4. Ingevity Corporation
    • 10.5. Honeywell International Inc.
    • 10.6. Evonik Industries
    • 10.7. Kraton Corporation
    • 10.8. Arkema SA
    • 10.9. BASF SE.
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Technology
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Asphalt Additives Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 8. Global Asphalt Additives Market for Novophalt, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Asphalt Additives Market for Novophalt, By Country, 2020 & 2028
FIG NO. 10. Global Asphalt Additives Market for Polymerized Asphalt Cement, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Asphalt Additives Market for Polymerized Asphalt Cement, By Country, 2020 & 2028
FIG NO. 12. Global Asphalt Additives Market for Polyester Modifier, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Asphalt Additives Market for Polyester Modifier, By Country, 2020 & 2028
FIG NO. 14. Global Asphalt Additives Market for Multigrade Asphalt Cement, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Asphalt Additives Market for Multigrade Asphalt Cement, By Country, 2020 & 2028
FIG NO. 16. Global Asphalt Additives Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Asphalt Additives Market for Others, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 19. Global Asphalt Additives Market for Roofing, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Asphalt Additives Market for Roofing, By Country, 2020 & 2028
FIG NO. 21. Global Asphalt Additives Market for Airport Runaway, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Asphalt Additives Market for Airport Runaway, By Country, 2020 & 2028
FIG NO. 23. Global Asphalt Additives Market for Road Paving, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Asphalt Additives Market for Road Paving, By Country, 2020 & 2028
FIG NO. 25. Global Asphalt Additives Market for Parking Lots, Revenue (USD Million) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Asphalt Additives Market for Parking Lots, By Country, 2020 & 2028
FIG NO. 27. Global Asphalt Additives Market for Road Construction, Revenue (USD Million) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Asphalt Additives Market for Road Construction, By Country, 2020 & 2028
FIG NO. 29. Global Asphalt Additives Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Asphalt Additives Market for Others, By Country, 2020 & 2028
FIG NO. 31. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 32. Global Asphalt Additives Market for Hot Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Asphalt Additives Market for Hot Mix, By Country, 2020 & 2028
FIG NO. 34. Global Asphalt Additives Market for Cold Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Asphalt Additives Market for Cold Mix, By Country, 2020 & 2028
FIG NO. 36. Global Asphalt Additives Market for Warm Mix, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Asphalt Additives Market for Warm Mix, By Country, 2020 & 2028
FIG NO. 38. Global Asphalt Additives Market Revenue Share, By Region, 2020 & 2028
FIG NO. 39. North America Asphalt Additives Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 40. Porter’s Five Forces Analysis for Global Asphalt Additives Market
FIG NO. 41. PEST Analysis for Global Asphalt Additives Market
FIG NO. 42. Pricing Analysis for Global Asphalt Additives Market
FIG NO. 43. Value Chain Analysis for Global Asphalt Additives Market
FIG NO. 44. Company Share Analysis, 2019
FIG NO. 45. Radar Determinant Chart, 2019
FIG NO. 46. Company Strategic Developments – Heat Map Analysis
FIG NO. 47. Huntsman Corporation Business Segment Revenue Share, 2020 (%)
FIG NO. 48. Huntsman Corporation Geographical Segment Revenue Share, 2020 (%)
FIG NO. 49. Market Channels
FIG NO. 50. Marketing Channel Development Trend
FIG NO. 51. Growth in World Gross Product, 2008-2018
FIG NO. 52. Research Methodology – Detailed View
FIG NO. 53. Research Methodology
 


Table Of Tables

List of Tables

TABLE NO. 1 Global Asphalt Additives Market: Snapshot
TABLE NO. 2 Quarterly Asphalt Additives Market Revenue by Region, 2020
TABLE NO. 3 Quarterly Asphalt Additives Market Revenue Forecast by Region, 2021
TABLE NO. 4 Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5 Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6 Global Asphalt Additives Market for Novophalt, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7 Global Asphalt Additives Market for Polymerized Asphalt Cement, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8 Global Asphalt Additives Market for Polyester Modifier, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9 Global Asphalt Additives Market for Multigrade Asphalt Cement, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10 Global Asphalt Additives Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11 Global Asphalt Additives Market for Roofing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12 Global Asphalt Additives Market for Airport Runaway, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13 Global Asphalt Additives Market for Road Paving, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14 Global Asphalt Additives Market for Parking Lots, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15 Global Asphalt Additives Market for Road Construction, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16 Global Asphalt Additives Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17 Global Asphalt Additives Market for Hot Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18 Global Asphalt Additives Market for Cold Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19 Global Asphalt Additives Market for Warm Mix, by Region, 2016 – 2028 (USD Million)
TABLE NO. 20 Global Asphalt Additives Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 21 North America Asphalt Additives Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 22 North America Asphalt Additives Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 23 North America Asphalt Additives Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 24 North America Asphalt Additives Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 25 Drivers for the Asphalt Additives Market: Impact Analysis
TABLE NO. 26 Restraints for the Asphalt Additives Market: Impact Analysis
TABLE NO. 27 Major Buyers of Asphalt Additives
TABLE NO. 28 Distributors/Traders List of Asphalt Additives
TABLE NO. 29 Global Asphalt Additives Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 30 Global Asphalt Additives Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 
  
 

Methodology

FrequentlyAsked Questions

The Global Asphalt Additives Market was valued at more than USD 4.78 Billion in 2023.

 

 

The Global Asphalt Additives Market is expected to reach more than USD 4.78 Billion in 2023 and projected to USD 7.84 Billion by 2032, with a CAGR of around 5.1% between 2024-2032.

Increasing demand for construction activities related to road and building across the developing countries such as India and China with rise in investment by the government in the construction of national highways, airport runways and expressways boosts the demand for asphalt additives across the globe. Moreover, growing inclination of consumers towards the asphalt additives for roofing application as these additives when added into roofing products provides high quality and high UV resistance is also expected to drive market growth in near future.

The Asia Pacific region held a share of more than 19.43% in 2020. The countries in region particularly China and India have seen a significant growth of the real estate sector which is responsible to drive the growth of market in the region. Other factors driving the growth in this region are the increase demand for roofing, road paving and road construction segments supplemented with the increased demand for better infrastructure and rapid urban development.

Some of the major companies operating in the Asphalt Additives Market are Huntsman Corporation, Nouryon, DowDuPont, Ingevity Corporation, Honeywell International Inc., Evonik Industries, Kraton Corporation, Arkema SA and BASF SE.

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List of Contents

Market InsightsGrowth FactorsReport ScopeType Segment Analysis Preview Application Segment Analysis PreviewRegional Analysis Preview Key Market Players Competitive LandscapeThe Global Market is segmented as follows:

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