Asphalt Additives Market: By Product Type (Polymeric modifiers, Anti-strip & adhesion promoters, Emulsifiers, Chemical modifiers, Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)), By Application (Road construction & paving, Roofing, Airport construction, Others (parking lots and bridges)), By Technology (Hot Mix, Cold Mix, Warm Mix), and Geography

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Asphalt Additives Market size is valued at USD 4,762.8 million in 2023 and is poised to grow at a CAGR of 7.1% during the forecast period 2024 to 2030. The global market provides a detailed overview and which can be segmented by product type, application, and technology. By product type, the asphalt additives market has been segmented into polymeric modifiers, anti-strip & adhesion promoters, emulsifiers, chemical modifiers, and others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)).

Based on type, the polymeric modifier segment accounted for the largest share, in terms of value, in 2021, and is projected to dominate the market attributing to various properties such as stiffness, strength, and making more advancement of flexibility and durability of asphalt pavements. By application, the asphalt additives market has been segmented into road construction & paving, roofing, airport construction, and others (parking lots and bridges)). Based on application, the road construction & paving segment of the market is expected to grow at the highest CAGR during the forecast period.

As, Roads get damaged these days easily due to various factors such as wear & tear, moisture, hot/cold climate, and frost. Furthermore, this damage can be prevented with asphalt additives, as they support increasing the durability of pavements by preventing cracking and rutting which surely leads to an increase in the demand for asphalt additives. Based on the technology, the segment has been segregated into the hot mix, cold mix, and warm mix.

Based on technology, the hot mix technology is expected to lead the asphalt additives market in the coming next few years owing to its various properties such as durability, and resistance to moisture damage and thermal cracking. It also offers excellent workability and skid resistance. This segment is further growth due to increasing developments in the construction of new highways and expressways.

Asphalt Additives Market Key Development:

  • In June 2020, BASE SE launched a bitumen additive B2Last that binds components in the bitumen to form a robust yet elastic polymer grid. This helps extend the road's lifespan and durability.

Asphalt Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.1%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Asphalt Additives Market Dynamics

Increasing investment in the infrastructure sector in emerging economies such as China, India, Malaysia, and Indonesia is one of the major factors contributing to the growth asphalt additives market. Additionally, the increase in government expenditure on infrastructure in the especially Asia Pacific region can be attributed to the increasing construction of roads and other public infrastructure development projects for improved transportation and better connectivity between important economic centers in this region.

Asphalt Additives Market Segmentation

By Product Type

  • Polymeric modifiers
  • Anti-strip & adhesion promoters
  • Emulsifiers
  • Chemical modifiers
  • Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)

By Application

  • Road construction & paving
  • Roofing
  • Airport construction
  • Others (parking lots and bridges)

By Technology

  • Hot mix
  • Cold mix
  • Warm mix

Frequently Asked Questions

The global asphalt additives market size was valued at US$ 4,762.8 million in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030.

Lack of awareness regarding asphalt additives among road builders and contractors.

Based on application, the road construction & paving segment is expected to account for the largest share of the asphalt additives market during the forecast period, owing to increasing road construction activities increases these days which undoubtedly expands the asphalt additives market.

Key Features of the Report

  • The asphalt additives market provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
1.Executive Summary
2.Global Asphalt Additives Market Introduction 
2.1.Global Asphalt Additives Market  - Taxonomy
2.2.Global Asphalt Additives Market  - Definitions
2.2.1.Product Type
2.2.2.Application
2.2.3.Technology
2.2.4.Region
3.Global Asphalt Additives Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Asphalt Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Asphalt Additives Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Polymeric modifiers
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Anti-strip & adhesion promoters
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Emulsifiers
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Chemical modifiers
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Asphalt Additives Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Road construction & paving
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Roofing
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Airport construction
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others (parking lots and bridges)
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Asphalt Additives Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hot mix
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Cold mix
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Warm mix
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Asphalt Additives Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Asphalt Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Polymeric modifiers
9.1.2.Anti-strip & adhesion promoters
9.1.3.Emulsifiers
9.1.4.Chemical modifiers
9.1.5.Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Road construction & paving
9.2.2.Roofing
9.2.3.Airport construction
9.2.4.Others (parking lots and bridges)
9.3.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hot mix
9.3.2.Cold mix
9.3.3.Warm mix
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Asphalt Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Polymeric modifiers
10.1.2.Anti-strip & adhesion promoters
10.1.3.Emulsifiers
10.1.4.Chemical modifiers
10.1.5.Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Road construction & paving
10.2.2.Roofing
10.2.3.Airport construction
10.2.4.Others (parking lots and bridges)
10.3.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hot mix
10.3.2.Cold mix
10.3.3.Warm mix
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Asphalt Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Polymeric modifiers
11.1.2.Anti-strip & adhesion promoters
11.1.3.Emulsifiers
11.1.4.Chemical modifiers
11.1.5.Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Road construction & paving
11.2.2.Roofing
11.2.3.Airport construction
11.2.4.Others (parking lots and bridges)
11.3.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hot mix
11.3.2.Cold mix
11.3.3.Warm mix
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Asphalt Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Polymeric modifiers
12.1.2.Anti-strip & adhesion promoters
12.1.3.Emulsifiers
12.1.4.Chemical modifiers
12.1.5.Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Road construction & paving
12.2.2.Roofing
12.2.3.Airport construction
12.2.4.Others (parking lots and bridges)
12.3.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hot mix
12.3.2.Cold mix
12.3.3.Warm mix
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Asphalt Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Polymeric modifiers
13.1.2.Anti-strip & adhesion promoters
13.1.3.Emulsifiers
13.1.4.Chemical modifiers
13.1.5.Others (rejuvenators, warm mix additives, fibers, organic materials, rubber modifiers)
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Road construction & paving
13.2.2.Roofing
13.2.3.Airport construction
13.2.4.Others (parking lots and bridges)
13.3.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hot mix
13.3.2.Cold mix
13.3.3.Warm mix
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Ingevity Corporation (U.S.)
14.2.2.The Dow Chemical Company (U.S.)
14.2.3.DuPont Evalay (U.S.)
14.2.4.Arkema S.A. (France)
14.2.5.I. du Pont de Nemours and Company (U.S.)
14.2.6.Sasol Limited (South Africa)
14.2.7.MeadKraton Corporation (U.S.)
14.2.8.Akzo Nobel, Kao Corporation (Netherland)
14.2.9.Arrmaz (U.S.)
14.2.10.Honeywell International, Inc. (U.S.)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Ingevity Corporation
  • The Dow Chemical Company
  • DuPont Evalay
  • Arkema S.A.
  • I. du Pont de Nemours and Company
  • Sasol Limited
  • MeadKraton Corporation
  • Akzo Nobel, Kao Corporation
  • Arrmaz
  • Honeywell International, Inc.

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