PUBLISHER: The Business Research Company | PRODUCT CODE: 1925665
PUBLISHER: The Business Research Company | PRODUCT CODE: 1925665
Asphalt additives are chemicals or substances added to asphalt to modify the properties of the asphalt binder. These materials enhance the adhesive force between aggregates and asphalt cement, thereby preventing issues such as cracking, unraveling, and deformation. Common asphalt additives include ethylene vinyl acetate, latex, styrene-butadiene styrene-block (SBS) copolymer, manganese organic complex, SBS vulcanized with asphalt, polyethylene, and carbon black.
The primary types of asphalt additives encompass polymeric modifiers, anti-strip and adhesion promoters, emulsifiers, chemical modifiers, rejuvenators, fibers, flux oil, and colored asphalt. Polymeric modifiers are compounds with a functional unit grafted onto the polymer backbone, utilizing technologies such as hot mix, cold mix, and warm mix. These additives find diverse applications in road construction, road paving, airport runways, parking lots, and roofing.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the asphalt additives market by increasing costs of imported polymers, specialty chemicals, fibers, and processing inputs. Infrastructure projects in North America and Europe are most affected due to dependence on imported modifiers, while Asia-Pacific faces pricing pressure on export-oriented additive production. These tariffs are raising construction costs and affecting project budgets. However, they are also encouraging domestic additive production, use of recycled materials, and innovation in bio-based asphalt solutions.
The asphalt additives market research report is one of a series of new reports from The Business Research Company that provides asphalt additives market statistics, including asphalt additives industry global market size, regional shares, competitors with a asphalt additives market share, detailed asphalt additives market segments, market trends and opportunities, and any further data you may need to thrive in the asphalt additives industry. This asphalt additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The asphalt additives market size has grown strongly in recent years. It will grow from $4.73 billion in 2025 to $5.19 billion in 2026 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to expansion of road infrastructure projects, growth of urban transportation networks, rising vehicle traffic volumes, adoption of modified asphalt technologies, availability of polymer additives.
The asphalt additives market size is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing investments in sustainable road construction, rising adoption of low-temperature asphalt mixes, expansion of airport and highway projects, growing focus on long-life pavements, increasing demand for eco-friendly additives. Major trends in the forecast period include growing use of polymer-modified asphalt, rising adoption of warm mix technologies, expansion of bio-based asphalt additives, increased focus on pavement durability, enhanced resistance to cracking and deformation.
The increase in road construction projects is expected to drive the growth of the asphalt additives market going forward. Road construction projects involve organized efforts to design, build, and maintain roads or highways to ensure safe and efficient transportation. This growth is primarily driven by rapid urbanization, as expanding cities require improved transportation infrastructure to support increasing populations, commerce, and connectivity. Asphalt additives enhance road construction by improving pavement durability, increasing resistance to cracks and deformation, and enabling faster, more cost-effective construction. For example, in October 2024, the Federal Highway Administration (FHWA), a US-based Department of Transportation agency, reported that highway construction costs rose at an annualized rate of 9.6% in the first quarter of 2024, marking a 2.4% increase compared to the last quarter of 2023. Therefore, the rise in road construction projects is driving the asphalt additives market.
Key companies in the asphalt additives market are focusing on innovative solutions, such as eco-friendly and performance-enhancing additives, to improve road durability and sustainability. These additives are chemical compounds added to asphalt that reduce environmental impact while enhancing road strength, flexibility, and longevity. For instance, in February 2024, Shrieve Chemical Company LLC, a US-based chemical company, launched the PROGILINE ECO-T organic asphalt additives. The PROGILINE ECO-T Anti-Strip Additive improves adhesion between aggregates and bitumen, enhancing durability by preventing moisture damage and compensating for lower-quality materials. The PROGILINE ECO-T Warm Mix Additive allows mixing at lower temperatures, reducing energy consumption and emissions while accelerating road construction. The PROGILINE ECO-T Cold Mix Additive provides a safe, organic option for asphalt patching, free from hazardous substances.
In July 2024, FAYAT Group, a France-based construction and infrastructure solutions company, acquired Asphalt Drum Mixers LLC (ADM) for an undisclosed amount. This acquisition aims to expand FAYAT's presence in the North American asphalt production market and enhance its technological capabilities in asphalt mixing solutions. Asphalt Drum Mixers LLC, based in the US, specializes in manufacturing high-quality asphalt mixing equipment and providing related services for road construction projects.
Major companies operating in the asphalt additives market are Arkema S.A., ArrMaz Products Inc., BASF SE, Evonik Industries AG, Huntsman Corporation, Nouryon Holding B.V., Sasol Limited, Solvay SA, Jiangsu Jinyang Group Co. Ltd., Zibo Bridge Lung Chemical Co. Ltd., Engineered Additives LLC, LUCOBIT AG, Kraton Corporation, Akzo Nobel NV, Grupo Dynasol S.A. de C.V., McAsphalt Industries Limited, ATDM Co Ltd., Kao Corporation, Petrochem Specialties Inc., Dupont De Nemours Inc.
Asia-Pacific was the largest region in the asphalt additives market in 2025. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the asphalt additives market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the asphalt additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The asphalt additives market consists of sales of rheology and elasticity modifiers used as asphalt additives. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Asphalt Additives Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses asphalt additives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for asphalt additives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The asphalt additives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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