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

List of Tables

The Asia Pacific bitumen additives market is expected to grow from US$ 1,798.04 million in 2022 to US$ 2,935.64 million by 2030. It is estimated to grow at a CAGR of 6.3% from 2022 to 2030.

Development of Sustainable Bitumen Additives Drives Asia Pacific Bitumen Additives Market

Rising awareness regarding greenhouse gas (GHG) emissions can upsurge the demand for bio-based and sustainable polymer products. Governments of various countries are adopting several initiatives to increase the awareness and development of bio-materials and recycled materials. In 2021, the National Development and Reform Commission, China, published the Development Plan for the Circular Economy in the 14th Five-Year Plan Period (2021-2025), penning various initiatives for promoting recycling, remanufacturing, green product designing, and renewable resource utilization. In 2019, Nouryon launched sustainable ingredients for the asphalt market. The company launched Wetfix G400, a non-amine adhesion promoter derived from renewable resources. Wetfix G400 is aimed at meeting customers' needs for a sustainable alternative that maintains asphalt mixture performance and durability. Adhesion promoters are added to asphalt used in road construction and maintenance to protect from damage caused by moisture and extend the service life of asphalt pavement. However, conventional adhesion promoters are incompatible with polyphosphoric acid (PPA), which is growing in popularity as an economical way to modify asphalt binders to the desired performance level. In 2021, Kao Performance Chemicals launched an asphalt additive made from recycled plastic (Polyethylene Terephthalate) bottles. The product NEWTLAC 5000 is an additive with high durability and oil resistance. Moreover, NEWTLAC 5000 pavement is less susceptible to damage from heavy vehicles. Therefore, the development of sustainable bitumen additives is expected to drive the Asia Pacific bitumen additives market during the forecast period.

Asia Pacific Bitumen Additives Market Overview

As per International Trade Administration, total investment in China's infrastructure during the 14th Five-Year Plan period (2021-2025) is estimated to reach ~US$ 4.2 trillion. In 2022, the National Development and Reform Commission (NDRC) and the Ministry of Transport (China) unveiled the National Highway Network Planning document, aimed at the construction of a functional, efficient, green, intelligent, and safe modern highway network by 2035. The plan also encompassed the construction of a 461,000 km highway, which includes 162,000 km of expressways. According to the National Bureau of Statistics, China increased its fixed asset investment to US$ 8.5 trillion in 2022, driving investment in infrastructure development. In 2021, Shell Singapore and United E&P Pte Ltd signed a non-binding Memorandum of Understanding (MOU) for the development of a strategic alliance to construct sustainable roads in Singapore. In 2022, Obayashi Corporation, a Japanese construction company, began testing the new system of road infrastructure at the Technical Research Center (Tokyo) in collaboration with various partners from the construction industry. Therefore, the growing construction industry and research and development pertaining to road infrastructure in Asia Pacific are projected to boost the demand for bitumen additives during the forecast period.

Asia Pacific Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Bitumen Additives Market Segmentation

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

Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific bitumen additives market.

Based on country, the Asia Pacific bitumen additives market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China registered the largest share in the Asia Pacific 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 Asia Pacific 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 Asia Pacific bitumen additives market.
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The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific bitumen additives market, thereby allowing players across the value chain to develop effective long-term strategies
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Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the bitumen additives market, as well as those hindering it
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Product Code: BMIRE00029090

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. Asia Pacific 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. Asia Pacific Bitumen Additives Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Sustainability Offered by Bitumen Additives:
- 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 - Asia Pacific Market Analysis

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

7. Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.1.3 Ethyleneamines: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.2.3 Polyamines: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.3.3 Amidoamines: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.2.3.4.3 Others: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.1.3 Silanes: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.2.3 Maleic Anhydride: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.3.3.3.3 Others: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.4.3.1.3 Anionic: Asia Pacific 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: Asia Pacific Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 7.4.3.2.3 Cationic: Asia Pacific 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. Asia Pacific 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. Asia Pacific Bitumen Additives Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific Bitumen Additives Market Breakdown by Country
  - 9.1.1.1 Bitumen Additives Market Breakdown by Country
  - 9.1.1.2 Australia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.3 Australia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.3.1 Australia Bitumen Additives Market Breakdown by Type
    - 9.1.1.3.2 Australia Bitumen Additives Market Breakdown by Application
  - 9.1.1.4 China Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.5 China Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.5.1 China Bitumen Additives Market Breakdown by Type
    - 9.1.1.5.2 China Bitumen Additives Market Breakdown by Application
  - 9.1.1.6 India Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.7 India Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.7.1 India Bitumen Additives Market Breakdown by Type
    - 9.1.1.7.2 India Bitumen Additives Market Breakdown by Application
  - 9.1.1.8 Japan Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.9 Japan Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.9.1 Japan Bitumen Additives Market Breakdown by Type
    - 9.1.1.9.2 Japan Bitumen Additives Market Breakdown by Application
  - 9.1.1.10 South Korea Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.11 South Korea Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.11.1 South Korea Bitumen Additives Market Breakdown by Type
    - 9.1.1.11.2 South Korea Bitumen Additives Market Breakdown by Application
  - 9.1.1.12 Rest of Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.13 Rest of Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.13.1 Rest of Asia Pacific Bitumen Additives Market Breakdown by Type
    - 9.1.1.13.2 Rest of Asia Pacific Bitumen Additives Market Breakdown by Application

10. Competitive Landscape

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

11. Asia Pacific 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