The Asphalt Additives Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend & Growth during the study period Upto 2021.
Asphalt additives are those substances which when added to asphalt help to modify characteristic of asphalt. The reason for adding additives to asphalt is to increase the functional temperature range and enhance the binding property of asphalt. The additives also help in improving the thickness of asphalt film. This helps to prevent cracking, raveling and deformation of the asphalt film. Overall, additives help to reduce the maintenance of asphalt constructions.
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Asphalt additives are classified according to technology by hot/warm mix and cold mix. Hot/Warm mix technology helps to produce superior-quality asphalt concrete, which is utilized in the construction of highways and freeways. So, this technology is widely used. Asphalt additives are segmented according to application as road construction & paving, roofing and others (including airfields, parking lots, drinking water enclosures, waste disposal sites and bridge decks). Road construction and paving is the largest growing segment and is expected to rise during the forecast period.
The key drivers for the asphalt additives is growing demand in construction industry and growing consumer inclination towards asphalt additives for roofing applications. The huge investments in construction sector to meet industrial and residential infrastructure demand in developing nations is expected to boost the market. Rise in government projects for road construction in developing economies is expected to fuel the market growth. The key constraint of this market is the availability of cheaper alternatives such as concrete and gypsum.
Major player assessed in the report are :
– Arkema Group
– Berkshire Engineering Supplies
– E. I. du Pont de Nemours and Company
– Engineered Additives
– Honeywell International Inc.
– Huntsman Corporation
– Kao Corporation
– The Dow Chemical Company
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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SEGMENTATIONS IN REPORT :
1. Asphalt Additives By Technology :
– Hot/Warm Mix
– Cold Mix
2. Asphalt Additives By Application :
– Road Construction & Paving
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