Asphalt Additives Market Size To Exhibit 8.7% CAGR Value During The Forecast Period 2022-2026: Arkema SA, Arrmaz, BASF SE, Evonik Industries

The global asphalt additives market report by the business research company identifies an increase in road construction projects to be a major growth driver for the asphalt additives market. Roads play a critical role in economic development and progress, as well as providing significant social advantages and asphalt additives are used in constructing roads as it improves the quality of the road and makes it more durable. For instance, according to the India Brand Equity Foundation (IBEF), a Trust established by the Department of Commerce, Ministry of Commerce and Industry, and Government of India, despite the pandemic and shutdown, India built 13,298 kilometers of roadways in FY21. Therefore, an increase in road construction projects is expected to drive the asphalt additives market.

The global asphalt additives market size is expected to grow from $3.37 billion in 2021 to $3.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The asphalt additive market size is expected to grow to $5.02 billion in 2026 at a CAGR of 8.7%.

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Asia-Pacific was the largest region in the asphalt additives market in 2021. The regions covered in asphalt additive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the asphalt additives market are Arkema SA, Arrmaz, BASF SE, Evonik Industries, Huntsman Corporation, Nouryon, Sasol Limited, Sinopec Corporation, Solvay SA, Jiangsu Jinyang, Zibo bridge lung.

The global asphalt additives market is segmented -
1) By Type: Polymeric Modifiers, Anti-Strip and Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt
2) By Technology: Hot Mix, Cold Mix, Warm Mix
3) By Application: Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing

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The Asphalt additives Market Report Contents Include
1. Executive Summary
2. Asphalt Additives Market Characteristics
3. Asphalt Additives Market Trends And Strategies
4. Impact Of Covid-19 On Asphalt Additives
5. Asphalt Additives Market Size And Growth
....
26. Africa Asphalt Additives Market
27. Asphalt Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asphalt Additives Market
29. Asphalt Additives Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the asphalt additives market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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