North America Bitumen Additives Market Forecast to 2030 - Regional Analysis - by Type, and Application (Road Construction, Roofing, Paints & Coatings, and Others)

List of Tables

The North America bitumen additives market is expected to grow from US$ 1,063.20 million in 2022 to US$ 1,610.15 million by 2030. It is estimated to grow at a CAGR of 5.3% from 2022 to 2030.

Growing Construction and Rehabilitation Activities Drives North America Bitumen Additives Market

According to the US Census Bureau, the total construction spending in the US accounted for US$ 740.8 billion during the first five months of 2023. The investment was spent on the development of offices, commercial spaces, transportation, highways, and streets. The spending on private and public construction was US$ 585.7 billion and US$ 133.8 billion, respectively, during the first five months of 2023. In 2023, DEEM Enterprises LLC planned to spend US$ 2.7 billion to build a Formula 1-style racetrack, housing, and shopping complex on the site of a former airport in New Jersey, US. In 2022, Haskell Lemon Construction Co was awarded US$ 9 million contract by the Oklahoma Transportation Commission of the US for resurfacing roads to extend the pavement life and upgrade driving conditions. In 2023, the Colorado Department of Transportation in the US invested US$ 17.6 million in addressing road conditions and repairing 12 stretches of roadways. High-quality asphalt pavements can readily support high traffic volume in urban areas and cities, major transportation corridors. Bitumen additives enhance the strength and resistance of pavements, reducing the need for repair. Therefore, growing construction and rehabilitation activities across the world drive the North America bitumen additives market growth.

North America Bitumen Additives Market Overview

The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures in the region. According to a report published by the US Census Bureau in 2022, the spending on residential construction in the US increased from US$ 815.48 billion in 2021 to US$ 929.67 billion in 2022. In the construction industry, bitumen additives are utilized in various building & construction applications such as waterproofing, roofing, and road & pavement construction. The demand for bitumen additives is increasing due to growing construction activities and rising government support for new infrastructure rehabilitation projects in the region. According to the US Department of Transportation Federal Highway Administration, the US government signed Infrastructure Investment and Jobs Act in 2021, encompassing long-term infrastructure investment, providing US$ 550 billion over fiscal years 2022-2026 for the construction of roads, bridges, and mass transit, water infrastructure, resilience, and broadband.

North America Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)

North America Bitumen Additives Market Segmentation

The North America bitumen additives market is segmented into type, adhesion promoters, emulsifiers, application, and country.

Based on type, the North America bitumen additives market is segmented into polymeric modifiers, anti-strip agents, adhesion promoters, emulsifiers. In 2022, the polymeric modifiers segment registered the largest share in the North America bitumen additives market. The adhesion promoters segment is further segmented into silanes, maleic anhydride, and others. The anti-strip agents segment is further segmented into ethyleneamines, polyamines, amidoamines, and others. the emulsifiers segment is further segmented into anionic and cationic.

Based on Application, the North America bitumen additives market is segmented into road construction, roofing, paints & coatings, and others. In 2022, the road construction segment registered the largest share in the North America bitumen additives market.

Based on country, the North America bitumen additives market is segmented into the US, Canada, Mexico. In 2022, the US registered the largest share in the North America bitumen additives market.

Nouryon Chemicals Holding BV, Ingevity Corp, Kraton Corp, Arkema SA, Dow Inc, Honeywell International Inc, Huntsman International LLC, Sasol Ltd, BASF SE, and Kao Corp are some of the leading companies operating in the North America bitumen additives market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America bitumen additives market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America bitumen additives market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the bitumen additives market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00029087

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions

4. North America Bitumen Additives Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Bitumen Additives Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users

5. North America Bitumen Additives Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Growing Construction and Rehabilitation Activities
- 5.1.2 Rising Government Initiatives for Infrastructure Development
5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Strategic Product Innovations and Research by Key Market Players
5.4 Future Trends
- 5.4.1 Development of Sustainable Bitumen Additives
5.5 Impact of Drivers and Restraints:

6. Bitumen Additives Market - North America Market Analysis

6.1 North America Bitumen Additives Market Volume (Kilo Tons), 2020 - 2030
6.2 North America Bitumen Additives Market Revenue (US$ Million), 2020 - 2030
6.3 North America Bitumen Additives Market Forecast and Analysis

7. North America Bitumen Additives Market Analysis - Type

7.1 Polymeric Modifiers
- 7.1.1 Overview
- 7.1.2 Polymeric Modifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Polymeric Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Anti-Strip Agents
- 7.2.1 Overview
- 7.2.2 Anti-Strip Agents Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Anti-Strip Agents Market Volume and Forecast to 2030 (Kilo Tons)
  - 7.2.3.1 Ethyleneamines
    - 7.2.3.1.1 Overview
    - 7.2.3.1.2 Ethyleneamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.1.3 Ethyleneamines: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.2.3.2 Polyamines
    - 7.2.3.2.1 Overview
    - 7.2.3.2.2 Polyamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.2.3 Polyamines: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.2.3.3 Amidoamines
    - 7.2.3.3.1 Overview
    - 7.2.3.3.2 Amidoamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.3.3 Amidoamines: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.2.3.4 Others
    - 7.2.3.4.1 Overview
    - 7.2.3.4.2 Others: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.4.3 Others: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.3 Adhesion Promoters
- 7.3.1 Overview
- 7.3.2 Adhesion Promoters Market Revenue and Forecast to 2030 (US$ Million)
- 7.3.3 Adhesion Promoters Market Volume and Forecast to 2030 (Kilo Tons)
  - 7.3.3.1 Silanes
    - 7.3.3.1.1 Overview
    - 7.3.3.1.2 Silanes: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.1.3 Silanes: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.3.3.2 Maleic Anhydride
    - 7.3.3.2.1 Overview
    - 7.3.3.2.2 Maleic Anhydride: Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.2.3 Maleic Anhydride: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.3.3.3 Others
    - 7.3.3.3.1 Overview
    - 7.3.3.3.2 Others: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.3.3 Others: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Emulsifiers
- 7.4.1 Overview
- 7.4.2 Emulsifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.4.3 Emulsifiers Market Volume and Forecast to 2030 (Kilo Tons)
  - 7.4.3.1 Anionic
    - 7.4.3.1.1 Overview
    - 7.4.3.1.2 Anionic: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.4.3.1.3 Anionic: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
  - 7.4.3.2 Cationic
    - 7.4.3.2.1 Overview
    - 7.4.3.2.2 Cationic: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.4.3.2.3 Cationic: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 Surfactants
- 7.5.1 Overview
- 7.5.2 Surfactants Market Revenue and Forecast to 2030 (US$ Million)
- 7.5.3 Surfactants Market Volume and Forecast to 2030 (Kilo Tons)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 7.6.3 Others Market Volume and Forecast to 2030 (Kilo Tons)

8. North America Bitumen Additives Market Analysis - Application

8.1 Road Construction
- 8.1.1 Overview
- 8.1.2 Road Construction Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Roofing
- 8.2.1 Overview
- 8.2.2 Roofing Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Paints and Coatings
- 8.3.1 Overview
- 8.3.2 Paints and Coatings Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

9. North America Bitumen Additives Market - Country Analysis

9.1 Overview
- 9.1.1 North America Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
  - 9.1.1.1 North America Bitumen Additives Market Breakdown by Country
  - 9.1.1.2 US Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.3 US Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.3.1 US Bitumen Additives Market Breakdown by Type
    - 9.1.1.3.2 US Bitumen Additives Market Breakdown by Application
  - 9.1.1.4 Canada Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.5 Canada Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.5.1 Canada Bitumen Additives Market Breakdown by Type
    - 9.1.1.5.2 Canada Bitumen Additives Market Breakdown by Application
  - 9.1.1.6 Mexico Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.7 Mexico Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.7.1 Mexico Bitumen Additives Market Breakdown by Type
    - 9.1.1.7.2 Mexico Bitumen Additives Market Breakdown by Application

10. Competitive Landscape

10.1 Heat Map Analysis- By Key Players
10.2 Company Positioning & Concentration

11. North America Bitumen Market Industry Landscape

11.1 Overview
11.2 Merger and Acquisitions
11.3 Product Launch

12. Company Profiles

12.1 Nouryon Chemicals Holding BV
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Ingevity Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Kraton Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Arkema SA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Dow Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Honeywell International Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Huntsman International LLC
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Sasol Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 BASF SE
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Kao Corp
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix