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Global Asphalt Additives Market 2017-2021

Global Asphalt Additives Market 2017-2021

About Asphalt Additives

Asphalt additives are ingredients that are added to asphalt binders to improve the overall performance of asphalt in road constructions, waterproofing solutions, recreational activities, and other applications. The global asphalt additives market is on the rise backed by increasing environmental concerns and the need to maintain asphalt pavements for sustainable development. The inclusion of asphalt additives not only increases the performance of asphalt but also proves to be a pragmatic and reasonable solution to global vendors of asphalt in the market. Asphalt additives refer to substances that are added to asphalt binders to enhance the performance of asphalt in various applications like roadways, waterproofing, recreation, and agriculture.

Technavio’s analysts forecast the global asphalt additives market to grow at a CAGR of 6.80% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global asphalt additives market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Asphalt Additives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AkzoNobel
  • Arkema
  • Dow Chemical
  • Honeywell International
  • Huntsman International
Other prominent vendors
  • ArrMaz
  • Berkshire Engineering
  • DuPont
  • Engineered Additives
  • Evonik
  • Kao
  • Kraton
  • Sasol
  • Tri-Chem Industries
Market driver
  • Furtherance of transport sector and infrastructural development.
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in raw material prices.
  • For a full, detailed list, view our report
Market trend
  • Increasing use of asphalt emulsions.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Asphalt Additives Market 2017-2021

Technavio recognizes the following companies as the key players in the global asphalt additives market: AkzoNobel, Arkema, Dow Chemical, Honeywell International, and Huntsman International.

Other Prominent Vendors in the market are: ArrMaz, Berkshire Engineering, DuPont, Engineered Additives, Evonik, Kao, Kraton, Sasol, and Tri-Chem Industries.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing use of asphalt emulsions. An asphalt emulsion refers to emulsified asphalt cement in water. It consists of asphalt, water, and emulsifying surfactant agent (an asphalt additive). Asphalt emulsions are used to recycle older pavements. The growing demand across countries (especially in the US) drives the market for asphalt emulsions. These emulsions reduce the time required for paving jobs and are preferred for their low cost and solid performance.”

According to the report, one driver in market is furtherance of transport sector and infrastructural development. Countries across the globe still face the problem of unpaved roads that stretch for sizable distances when compared with paved counterparts. Unpaved roads account for approximately 4.3 million kilometers globally, of which the US accounts for approximately 2.1 million kilometers. Countries like China, Canada, India, Germany, and Switzerland have added their share into the bargain. This is one of the most important factors driving the global asphalt additives market as the need for paved roads would mean further consumption of asphalt (in turn asphalt additives) across the globe. The focus on urbanization and industrialization has also led to a demand for the asphalt additives. Rapid infrastructural growth in different countries across the globe demands an advancement of the transport sector as a tool for the economic development. Further, population explosion also has a role to play in the advancement of the transport sector.

Further, the report states that one challenges in market is unstable economic conditions. Unstable economic conditions could pose a serious challenge to the global asphalt additives market as an economic slowdown could bring down the demand for asphalt on a global level. During an economic slowdown, countries tend to decrease their public spend. This has a ripple effect and could alter the budgetary structure of a country, thereby hampering the sale and consumption of asphalt. The issue can be further worsened by the level of poverty and standard of living of people in countries where infrastructural development and planning on the pavement of highways and bridges are of the least concern. Further, with the poor availability of raw materials, the construction of highways using asphalt will be a time-consuming process. Therefore, unstable economic conditions can pose a challenge for both the asphalt and asphalt additives markets, hampering the demand for these products drastically during the forecast period.

Companies Mentioned

AkzoNobel, Arkema, Dow Chemical, Honeywell International, Huntsman International, ArrMaz, Berkshire Engineering, DuPont, Engineered Additives, Evonik, Kao, Kraton, Sasol, and Tri-Chem Industries.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Market overview
      • Table Global asphalt additives market
    • Market size and forecast
      • Table Global asphalt additives market 2016 and 2021 ($ millions)
      • Table Forecast: Global asphalt additives market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global asphalt additives market by application
      • Table Global asphalt additives market by application 2016 and 2021 ($ millions)
      • Table Global asphalt additives market by application 2016 and 2021
    • Global asphalt additives market for roadways
      • Table Global asphalt additives market for roadways 2016 and 2021 ($ millions)
      • Table Forecast: Global asphalt additives market for roadways 2016-2021
    • Global asphalt additives market for waterproofing
      • Table Global asphalt additives market for waterproofing 2016 and 2021 ($ millions)
      • Table Forecast: Global asphalt additives market for waterproofing 2016-2021
    • Global asphalt additives market for recreation
      • Table Global asphalt additives market for recreation 2016 and 2021 ($ millions)
      • Table Forecast: Global asphalt additives market for recreation 2016-2021
    • Global asphalt additives market for others
      • Table Global asphalt additives market for others 2016 and 2021 ($ millions)
      • Table Global asphalt additives market for others 2016-2021
  • Geographical segmentation
    • Global asphalt additives market by geography
      • Table Global asphalt additives market by geography 2016 and 2021 ($ millions)
      • Table Global asphalt additives market by geography 2016 and 2021
    • Asphalt additives market in APAC
      • Table Asphalt additives market in APAC 2016 and 2021 ($ millions)
      • Table Forecast: Asphalt additives market in APAC 2016-2021
    • Asphalt additives market in EMEA
      • Table Asphalt additives market in EMEA 2016 and 2021 ($ millions)
      • Table Forecast: Asphalt additives market in EMEA 2016-2021
    • Asphalt additives market in Americas
      • Table Asphalt additives market in Americas 2016 and 2021 ($ millions)
      • Table Forecast: Global asphalt additives market in Americas 2016 and 2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key regions
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key regions
      • Table Impact of challenges
  • Market trends
    • Cyclic borate ester as an additive
    • Increasing use of asphalt emulsions
    • Development of warm mix additives
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • AkzoNobel
      • Table AkzoNobel: Business segmentation by revenue 2016
      • Table AkzoNobel: Geographical segmentation by revenue 2016
    • Arkema
      • Table Arkema: Business segmentation by revenue 2016
    • Dow Chemical
      • Table Dow Chemical: Business segmentation by revenue 2015
      • Table Dow Chemical: Geographical segmentation by revenue 2015
    • Honeywell International
      • Table Honeywell International: Business segmentation by revenue 2016
      • Table Honeywell International: Geographical segmentation by revenue 2016
    • Huntsman International
      • Table Huntsman International: Business segmentation by revenue 2016
      • Table Huntsman International: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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