Learn about the global asphalt additives market through The Business Research Company, which provides information on asphalt additives market size, asphalt additives market drivers and restraints, asphalt additives market players, the COVID-19 impact on the asphalt additives market, and more.

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%.

An increase in road construction projects is expected to propel the growth of the asphalt additives market.

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The asphalt additives market consists of sales of asphalt additives by entities (organizations, sole traders, and partnerships) that refer to chemicals or substances that are added to asphalt to change the result of the asphalt binder. Asphalt additives are materials that improve the adhesive force between aggregates and asphalt cement preventing cracking, unravelling, and deformation. Asphalt additives include ethylene vinyl acetate, latex, styrene-butadiene styrene-block (SBS) copolymer, and manganese organic complex, SBS vulcanized with asphalt, polyethylene, and carbon black.

Global Asphalt Additives Market Segments Include:
By Type: Polymeric Modifiers, Anti-Strip and Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt

By Technology: Hot Mix, Cold Mix, Warm Mix

By Application: Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the asphalt additives market in 2021.

Bio-based asphalt additives are shaping the asphalt additives market. The use of rubber in the asphalt business has shown several benefits in the pavement sector such as improved workability.

TBRC’s asphalt additives market report covers:

Major Market Players: Arkema SA, Arrmaz, BASF SE, Evonik Industries, Huntsman Corporation, Nouryon, Sasol Limited, Sinopec Corporation, Solvay SA, Jiangsu Jinyang, Zibo bridge lung, Berkshire Engineering Supplies, Engineered Additives, Sonneborn, LUCOBIT, Tri-Chem Specialty Chemicals LLC, Colas, and Cargill Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Asphalt Additives Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides asphalt additives market overviews, analyzes and forecasts market size, share, asphalt additives market players, asphalt additives market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s asphalt additives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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