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Asphalt Additives - Company Evaluation Report, 2025 (Abridged Report)

Publisher MarketsandMarkets
Published Aug 01, 2025
Length 117 Pages
SKU # MKMK20378417

Description

The Asphalt Additives Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Asphalt Additives. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 100 companies, of which the Top 15 Asphalt Additives Companies were categorized and recognized as quadrant leaders.

According to the Asphalt Institute (AI), asphalt additives are defined as chemical or material compounds incorporated into asphalt mixtures to alter and enhance their performance characteristics. These additives are employed to improve aspects such as durability, workability, and resistance to rutting, cracking, moisture damage, and aging. Asphalt additives play a crucial role in prolonging pavement life, optimizing mix formulations, and supporting sustainability objectives by facilitating the use of recycled materials or reducing production temperatures during asphalt paving processes.

The asphalt additives market is projected to expand over the forecast period, driven by increasing global investments in infrastructure development—particularly in road construction, highway expansions, airport modernization, and urban transit systems. As urbanization accelerates and populations grow, there is a heightened demand for robust, cost-effective, and high-performing transportation infrastructure. Asphalt additives are essential for enhancing the mechanical performance of pavements, improving resistance to deformation, cracking, and water infiltration, which in turn extends road lifespan and lowers maintenance expenses. Large-scale infrastructure programs such as China’s Belt and Road Initiative (BRI), India’s Bharatmala Pariyojana, the U.S. Infrastructure Investment and Jobs Act, and the European Trans-European Transport Network (TEN-T) are contributing to sustained demand for advanced, high-quality materials in road construction, thereby propelling the growth of the asphalt additives market.

The 360 Quadrant maps the Asphalt Additives companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Asphalt Additives quadrant. The top criteria for product footprint evaluation included By APPLICATION (Road Construction & Paving, Roofing, Airport Construction, Others), By TYPE (Polymeric Modifiers, Anti-strip and Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt, Others), and By TECHNOLOGY (Hot Mix, Cold Mix, Warm Mix).

Key players in the Asphalt Additives market include major global corporations and specialized innovators such as Kraton Corporation, Arkema Specialty Surfactants, Ingevity Corporation, BASF SE, Nouryon, The Dow Chemical Company, Sasol Chemicals, Kao Corporation, Sinopec, Iterchimica SpA, Dynasol Group, Huntsman Corporation, Honeywell International Inc, Evonik Industries AG, and TotalEnergies. These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.

Top 3 Companies

Kraton Corporation

Kraton Corporation is a significant player in the asphalt additives market, recognized for their specialty polymers and bio-based chemicals. The company serves a global market, providing high-performance materials that enhance asphalt applications. Kraton divides its operations into polymer and chemical segments, supplying asphalt additives under the polymer banner. Their extensive geographic reach and dedication to product differentiation underscore their high Company Positioning and broad Company Product Portfolio.

Arkema Specialty Surfactants

Arkema is involved in multiple segments including high performance materials and industrial specialties, making them a diverse chemical producer. Their product portfolio includes asphalt additives via the adhesives division, distributed from 136 production sites worldwide. Their expansive global presence and industrial reach affirm a strong Company Positioning, crucial for maintaining and enhancing their market share.

Ingevity

Ingevity focuses on high-performance carbon materials and specialty chemicals, producing asphalt additives primarily for pavement technologies. Their product, Evotherm, is a notable warm-mix asphalt additive that reduces production and paving temperature, enhancing efficiency. This emphasis on innovation contributes to Ingevity's prominent position in Company Ranking, underscoring their role as a market leader through a comprehensive Company Analysis and market share approach.

Table of Contents

117 Pages
1 Introduction
1.1 Market Definition
1.2 Inclusions And Exclusions
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Increasing Investments In Infrastructure Projects
3.2.1.2 Recyclability Of Asphalt
3.2.2 Restraints
3.2.2.1 Use Of Concrete And Bioasphalt As Substitutes For Asphalt
3.2.2.2 Fluctuations In Prices And Supply Of Asphalt
3.2.3 Opportunities
3.2.3.1 Increasing Use Of Warm Mix Asphalt
3.2.3.2 Use Of Asphalt Additives In Roofing Applications
3.2.3.3 Advancements In Aerospace Sector
3.2.4 Challenges
3.2.4.1 Lack Of Awareness About Asphalt Additives Among Road
Builders And Contractors
3.3 Porter's Five Forces Analysis
3.3.1 Threat Of Substitutes
3.3.2 Bargaining Power Of Suppliers
3.3.3 Bargaining Power Of Buyers
3.3.4 Threat Of New Entrants
3.3.5 Intensity Of Competitive Rivalry
4 Industry Trends
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers
4.1.3 Distribution Networks
4.1.4 End-users
4.2 Trends/Disruptions Impacting Customer Business
4.3 Ecosystem Analysis
4.4 Technology Analysis
4.4.1 Key Technologies
4.4.1.1 Warm Mix Asphalt (Wma) Technology
4.4.1.2 Rejuvenation And Recycling Technologies
4.4.2 Complimentary Technologies
4.4.2.1 Asphalt Mixing And Blending Systems
4.5 Key Conferences And Events
4.6 Patent Analysis
4.6.1 Approach
4.6.2 Document Types
4.6.3 Top Applicants
4.6.4 Jurisdiction Analysis
4.7 Impact Of Ai/Gen Ai On Asphalt Additives Market
5 Competitive Landscape
5.1 Introduction
5.2 Market Evaluation Framework
5.3 Market Share Analysis
5.3.1 Market Share Analysis Of Top Five Players
5.4 Revenue Analysis
5.5 Brand/Product Comparison
5.5.1 Sylvaroad Rp 1000 (Kraton Corporation)
5.5.2 Evotherm (Ingevity)
5.5.3 Solprene Sbs (Dynasol)
5.6 Company Evaluation Matrix: Key Players, 2024
5.6.1 Company Evaluation And Mapping
5.6.2 Stars
5.6.3 Emerging Leaders
5.6.4 Pervasive Players
5.6.5 Participants
5.6.6 Company Footprint
5.6.6.1 Asphalt Additives: Region Footprint Analysis
5.6.6.2 Asphalt Additives: Product Type Footprint Analysis
5.6.6.3 Asphalt Additives: Technology Footprint Analysis
5.6.6.4 Asphalt Additives: Application Footprint Analysis
5.7 Company Evaluation Matrix: Startups/Other Additional
Players And Smes, 2024
5.7.1 Mapping Of Startups/Other Additional Players And Smes, 2024
5.7.2 Progressive Companies
5.7.3 Responsive Companies
5.7.4 Starting Blocks
5.7.5 Dynamic Companies
5.7.6 Competitive Benchmarking: Startups/Smes, 2024
5.7.6.1 Detailed List Of Key Startups/Smes
5.7.6.2 Competitive Benchmarking Of Key Startups/Smes
5.8 Company Valuation And Financial Metrics
5.9 Competitive Scenario
5.9.1 Product Launches
5.9.2 Deals
5.9.3 Expansions
5.9.4 Other Developments
6 Company Profiles
6.1 Major Players
6.1.1 Kraton Corporation
6.1.1.1 Business Overview
6.1.1.2 Products/Solutions/Services Offered
6.1.1.3 Recent Developments
6.1.1.3.1 Deals
6.1.1.3.2 Expansions
6.1.1.4 Mnm View
6.1.1.4.1 Right To Win
6.1.1.4.2 Strategic Choices
6.1.1.4.3 Weaknesses And Competitive Threats
6.1.2 Ingevity Corporation
6.1.2.1 Business Overview
6.1.2.2 Products/Solutions/Services Offered
6.1.2.3 Recent Developments
6.1.2.3.1 Deals
6.1.2.3.2 Expansions
6.1.2.4 Mnm View
6.1.2.4.1 Right To Win
6.1.2.4.2 Strategic Choices
6.1.2.4.3 Weaknesses And Competitive Threats
6.1.3 Dynasol Group
6.1.3.1 Business Overview
6.1.3.2 Products/Solutions/Services Offered
6.1.3.3 Recent Developments
6.1.3.3.1 Other Developments
6.1.3.4 Mnm View
6.1.3.4.1 Right To Win
6.1.3.4.2 Strategic Choices
6.1.3.4.3 Weaknesses And Competitive Threats
6.1.4 Nouryon
6.1.4.1 Business Overview
6.1.4.2 Products/Solutions/Services Offered
6.1.4.3 Recent Developments
6.1.4.3.1 Product Launches
6.1.4.3.2 Expansions
6.1.4.4 Mnm View
6.1.4.4.1 Right To Win
6.1.4.4.2 Strategic Choices
6.1.4.4.3 Weaknesses And Competitive Threats
6.1.5 Arkema Specialty Surfactants
6.1.5.1 Business Overview
6.1.5.2 Products/Solutions/Services Offered
6.1.5.3 Recent Developments
6.1.5.3.1 Product Launches
6.1.5.3.2 Deals
6.1.5.3.3 Other Developments
6.1.5.4 Mnm View
6.1.5.4.1 Right To Win
6.1.5.4.2 Strategic Choices
6.1.5.4.3 Weaknesses And Competitive Threats
6.1.6 The Dow Chemical Company
6.1.6.1 Business Overview
6.1.6.2 Products/Solutions/Services Offered
6.1.6.3 Mnm View
6.1.6.3.1 Right To Win
6.1.6.3.2 Strategic Choices
6.1.6.3.3 Weaknesses And Competitive Threats
6.1.7 Basf Se
6.1.7.1 Business Overview
6.1.7.2 Products/Solutions/Services Offered
6.1.7.3 Recent Developments
6.1.7.3.1 Product Launches
6.1.7.3.2 Deals
6.1.7.4 Mnm View
6.1.7.4.1 Right To Win
6.1.7.4.2 Strategic Choices
6.1.7.4.3 Weaknesses And Competitive Threats
6.1.8 Honeywell International Inc
6.1.8.1 Business Overview
6.1.8.2 Products/Solutions/Services Offered
6.1.8.3 Mnm View
6.1.8.3.1 Right To Win
6.1.8.3.2 Strategic Choices
6.1.8.3.3 Weaknesses And Competitive Threats
6.1.9 Huntsman Corporation
6.1.9.1 Business Overview
6.1.9.2 Products/Solutions/Services Offered
6.1.9.3 Recent Developments
6.1.9.3.1 Deals
6.1.10 Evonik Industries Ag
6.1.10.1 Business Overview
6.1.10.2 Products/Solutions/Services Offered
6.1.10.3 Recent Developments
6.1.10.3.1 Product Launches
6.1.10.3.2 Expansions
6.1.11 Sasol Chemicals
6.1.11.1 Business Overview
6.1.11.2 Products/Solutions/Services Offered
6.1.11.3 Recent Developments
6.1.11.3.1 Deals
6.1.12 Kao Corporation
6.1.12.1 Business Overview
6.1.12.2 Products/Solutions/Services Offered
6.1.12.3 Recent Developments
6.1.12.3.1 Expansions
6.1.13 Sinopec
6.1.13.1 Business Overview
6.1.13.2 Products/Solutions/Services Offered
6.1.14 Totalenergies
6.1.14.1 Business Overview
6.1.14.2 Products/Solutions/Services Offered
6.1.15 Iterchimica Spa
6.1.15.1 Business Overview
6.1.15.2 Products/Solutions/Services Offered
6.1.15.3 Recent Developments
6.1.15.3.1 Deals
6.1.15.3.2 Expansions
6.2 Other Players
6.2.1 Lcy
6.2.2 Ergon Asphalt & Emulsions, Inc.
6.2.3 Mcasphalt Industries Limited
6.2.4 Bulldog Plant & Equipment Ltd
6.2.5 Wacker Chemie Ag
6.2.6 Engineered Additives Llc
6.2.7 Petrochem Specialities
6.2.8 Amaz Chemicals Llp
6.2.9 Ningbo Changhong Polymer Scientific And Technical Inc.
7 Appendix
7.1 Research Methodology
7.1.1 Research Data
7.1.1.1 Secondary Data
7.1.1.2 Primary Data
7.1.2 Research Assumptions
7.1.3 Research Limitations
7.1.4 Risk Assessment
7.2 Company Evaluation Matrix: Methodology
7.3 Author Details

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