The modern-day document posted via Report Ocean, titled “Asphalt Additives Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The world asphalt additives market is expected to reach $2,302 million through 2022, from 2015 market value of $1,433 registering a CAGR of 6.6% during the analysis period. Increasing demand for asphalt from construction industry, growing conformity with latest manufacturing standards, and rapid urbanization are the key factors driving the growth of the asphalt additives market growth. However, changing regulatory environment coupled with the low consumer awareness may hamper the market growth during the analysis period.
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Asphalt additives are crucial towards sustainable development of roads and household infrastructure. In addition, asphalt additives enhance the efficiency and overall life of the roads when mixed with the paving grade asphalt thus demand for such additives is gaining prominence across the globe.
The market has been segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into polymerized asphalt cement, novophalt, multigrade asphalt cement, polyester modifier, and others. In 2015, the polymerized asphalt cement (PAC) segment occupied around half of the overall asphalt additives market, in volume terms as PAC enhances the ability of asphalt to combat fatigue and cracks. Based on end user of asphalt additives, the market is segmented into road construction, road paving, airport runaway, parking lots, roofing, and others. In 2015, the road construction application segment accounted for more than half of the world asphalt additives market owing to rising urban migration and demographic shifts across the globe.
Furthermore, the market has been segmented on the basis of geographical regions, which include North America, Europe, Asia-Pacific, and LAMEA. In addition, the consumption of asphalt additives in different countries has also been included in the report. In 2015, Asia-Pacific occupied two-fifths of the total asphalt additives market, in volume terms. In addition, Asia-Pacific is expected to be the fastest growing region during the analysis period.
The leading companies in this market have been proactively working towards the launch of new products to sustain in the market. The major companies profiled in the report includes:
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY MARKET BENEFITS:
The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world asphalt additives market.
The market projections for the period 2014-2022 have been included along with the impacting factors.
The report also provides quantitative as well as qualitative trends to help the stakeholders in understanding the market scenario.
In-depth analyses of the key segments of the market demonstrate the consumption of asphalt additives in different applications across different end user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
The major companies profiled in the report includes:
Evonik Industries AG
Tri-Chem Industries
Ingevity, AkzoNobel N.V.
E.I. DuPont de Nemours and Company
Honeywell International Inc.
Huntsman International LLC
Kao Corporation
ArrMaz
The Arkema Group.
KEY MARKET SEGMENTS:
World asphalt additives market is segmented as:
World asphalt additives market By Type
Polymerized asphalt cement
Novophalt
Multigrade asphalt cement
Polyester modifier
Others
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World asphalt additives market By Application
Road Construction
Road paving
Airport Runaway
Parking lots
Roofing
Others
World asphalt additives market By Geography
North America
U.S.
Canada
Mexico
Europe
Russia
Germany
France
Turkey
UK
Others
Asia-Pacific
China
Japan
India
Others
LAMEA
Brazil
Saudi Arabia
South Africa
Others
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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