The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased road construction projects are expected to fuel innovation in asphalt additives manufacturing, propelling the market during the forecast period.

The global asphalt additives market is expected to grow from $3.62 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The asphalt additives market size is expected to grow to $5.57 billion in 2027 at a CAGR of 9.2%.

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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 is the largest region in the global asphalt additives market in 2021.

Major Market Players in the asphalt additives market include Arkema SA, Arrmaz, BASF SE, Evonik Industries, Huntsman Corporation, Nouryon, Sasol Limited, Sinopec Corporation, Solvay SA, Jiangsu Jinyang, Zibo bridge lung.

The asphalt additives market is being shaped by bio-based asphalt additives. The use of rubber in the asphalt industry has demonstrated several benefits in the pavement sector, including improved workability. For example, in November 2021, Puma Energy International S.A., a Swiss company involved in bitumen sourcing and supply, partnered with Cargill, Incorporated, a US-based company that offers goods and services in the risk management, financial, industrial, agricultural, and food industries, to introduce the Cargill Anova product line of bio-based asphalt additives, including the Anova warm mix additive and the Anova asphalt rejuvenator, to customers in Australia. The Anova warm mix additive has the advantage of being a non-hazardous, vegetable-derived product.

The Asphalt Additives Global Market Report 2023  provides a asphalt additives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The asphalt additives market forecast analyzes asphalt additives market size, asphalt additives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Asphalt additives are chemicals or substances that are added to asphalt to alter the performance of the asphalt binder. Asphalt additives are substances that increase the adhesive force between aggregates and asphalt cement, thereby preventing cracking, unravelling, and deformation. Ethylene vinyl acetate, latex, styrene-butadiene styrene-block (SBS) copolymer, and manganese organic complex, SBS vulcanised with asphalt, polyethylene, and carbon black are all asphalt additives.

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