PUBLISHER: Lucintel | PRODUCT CODE: 1417826
PUBLISHER: Lucintel | PRODUCT CODE: 1417826
Asphalt Additive Trends and Forecast
The future of the global asphalt additive market looks promising with opportunities in the road construction & paving, roofing, and airport construction markets. The global asphalt additive market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing adoption of warm mix asphalt, growing road and building construction activities, and rising infrastructure investment.
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Asphalt Additive by Segment
The study includes a forecast for the global asphalt additive by type, technology, application, and region.
List of Asphalt Additive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies asphalt additive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the asphalt additive companies profiled in this report include-
Asphalt Additive Market Insights
Lucintel forecasts that polymeric modifier will remain the largest segment over the forecast period due to its excellent strength, durability, and enhanced flexibility.
Within this market, road construction & paving will remain the largest segment as these additive helps in increasing its resistance to oxidation and ultraviolet (uv) radiation, prolonging the lifespan of the pavement.
APAC will remain the largest region over the forecast period due to rapid urbanization and rising number of new road pavement projects in the region.
Features of the Global Asphalt Additive Market
Market Size Estimates: Asphalt additive market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Asphalt additive market size by type, technology, application, and region in terms of value ($B).
Regional Analysis: Asphalt additive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, applications, and regions for the asphalt additive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the asphalt additive market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the asphalt additive market size?
Answer: The global asphalt additive market is expected to reach an estimated $6.2 billion by 2030.
Q2. What is the growth forecast for asphalt additive market?
Answer: The global asphalt additive market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the asphalt additive market?
Answer: The major drivers for this market are increasing adoption of warm mix asphalt, growing road and building construction activities, and rising infrastructure investment.
Q4. What are the major segments for asphalt additive market?
Answer: The future of the asphalt additive market looks promising with opportunities in the road construction & paving, roofing, and airport construction markets.
Q5. Who are the key asphalt additive market companies?
Answer: Some of the key asphalt additive companies are as follows.
Q6. Which asphalt additive market segment will be the largest in future?
Answer: Lucintel forecasts that polymeric modifier will remain the largest segment over the forecast period due to its excellent strength, durability, and enhanced flexibility.
Q7. In asphalt additive market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and rising number of new road pavement projects in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.