Asphalt Additive Market Analysis, Trends, Top Companies, Share, Growth And ForecastPosted by Stephen Lobo on February 16th, 2023 What is Asphalt Additive Industry? The asphalt additive industry refers to the production and distribution of various chemical additives that are used to enhance the performance and properties of asphalt in various applications. Asphalt is a mixture of aggregates (such as sand, gravel, or crushed stone) and a binder (usually bitumen) that is commonly used in road construction, roofing, and other applications where a durable, water-resistant surface is required. Asphalt Additive Market Size & Share 2023 recently published by MNM is the best overview about market industry perspective, comprehensive analysis, size, share, growth, segment, trends, and forecast. The report is a handy resource for managers, analysts, industry experts, and other key people to get ready-to-access and self-analyzed study. The asphalt additive market is projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8% from 2021 to 2026. Global Asphalt Additive Market Executive Summary:
The report concentrates on the foremost competitors of the worldwide Asphalt Additive market and delivers information about the corporate overview including contacts, product portfolio, key developments, price, cost, value, volume, revenue, capacity, and production. What are the key trends in the Asphalt Additives Market? The asphalt additive market is a rapidly growing industry, driven by the increasing demand for high-quality roads and pavements. Here are some of the latest trends in the asphalt additive market:
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514 Who are the key players in the Asphalt Additives Market? The asphalt additive market has several key vendors that provide a range of products to improve the performance and durability of asphalt mixtures. Here are some of the leading vendors in the market:
Kraton Corporation is a leading specialty chemical company that manufactures styrene block copolymers and other engineered polymers. Kraton Performance Polymer Inc. changed its name to Kraton Corporation. The company has operations in performance products, performance chemicals, specialty polymers, adhesives, cariflex, and tires. Ingevity Corporation is a manufacturer of specialty chemicals and high-performance carbon materials. The specialty chemical products are used in a range of high performance applications, such as pavement technologies, oil field technologies, and industrial specialties. Asphalt Additive Market Segmentation By type, polymeric modifiers is estimated to be the leading segment of asphalt additives market from 2021 to 2026, in terms of value and volume.. Based on type, the asphalt additives market has been segmented into Polymeric Modifiers, Anti-strip & adhesion promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt, and others. The polymeric modifier segment of asphalt additives market accounts for the largest share during the forecast period. By application, roofing is estimated to be the fastest-growing segment of asphalt additives market.. Based on application, the roofing segment is expected to lead the asphalt additives market in coming years. Roofs are subject to environmental damage due to excess heat, cold, or rain. The addition of additives to asphalt prevents this damage. Chemical, vegetable oil, or petroleum-based additives are added to asphalt to improve the functionality and viscosity of asphalt, while polymer-based additives are used to improve its Functionality. This creates the demand for asphalt additives in the future. Asphalt Additive Market Regional Growth The asphalt additive market is expected to experience regional growth in various parts of the world. Some of the key regions that are expected to show significant growth in the asphalt additive market include:
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