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

List of Tables

The Europe bitumen additives market is expected to grow from US$ 1,363.59 million in 2022 to US$ 2,164.00 million by 2030. It is estimated to grow at a CAGR of 5.9% from 2022 to 2030.

Development of Sustainable Bitumen Additives Drives Europe Bitumen Additives Market

Governments of various European countries have imposed a few regulations on using chemicals to manufacture products in many processing industries, including chemicals & materials and paints & coatings, to ensure better protection of human health and the environment. These regulations are set to reduce greenhouse emissions and have compelled polymer manufacturing companies to increase investments in developing naturally derived raw materials. 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 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 Europe bitumen additives market during the forecast period.

Europe Bitumen Additives Market Overview

Europe is a prominent region, encompassing economies such as Germany, Italy, Denmark, and Poland, contributing to the growth of the Europe bitumen additives market. Europe is one of the largest producers of construction materials, operated by small and medium-sized businesses (SMEs) that supply construction materials to local and regional markets. According to the European Commission, the construction industry is one of the major industries in Europe, contributing ~9% to the region's GDP. The Europe invested ~US$ 6 billion for the construction of sustainable, safe, and efficient transport infrastructure, including 107 transport infrastructure projects in June 2023. A few bitumen additives are manufactured from recycled materials, which support the government's efforts for a circular economy and resource efficiency. Therefore, the increasing utilization of bitumen additives for infrastructure development in Europe is projected to fuel the growth of the Europe bitumen additives market .

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

Europe Bitumen Additives Market Segmentation

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

Based on type, the Europe 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 Europe 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 Europe 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 Europe bitumen additives market.

Based on country, the Europe bitumen additives market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered the largest share in the Europe 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 Europe 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 Europe 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 Europe 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 Europe 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: BMIRE00029091

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. Europe 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. Europe 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 - Europe Market Analysis

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

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

9.1 Overview
- 9.1.1 Europe Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
  - 9.1.1.1 Bitumen Additives Market Breakdown by Country
  - 9.1.1.2 Germany Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.3 Germany Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.3.1 Germany Bitumen Additives Market Breakdown by Type
    - 9.1.1.3.2 Germany Bitumen Additives Market Breakdown by Application
  - 9.1.1.4 France Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.5 France Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.5.1 France Bitumen Additives Market Breakdown by Type
    - 9.1.1.5.2 France Bitumen Additives Market Breakdown by Application
  - 9.1.1.6 Italy Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.7 Italy Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.7.1 Italy Bitumen Additives Market Breakdown by Type
    - 9.1.1.7.2 Italy Bitumen Additives Market Breakdown by Application
  - 9.1.1.8 UK Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.9 UK Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.9.1 UK Bitumen Additives Market Breakdown by Type
    - 9.1.1.9.2 UK Bitumen Additives Market Breakdown by Application
  - 9.1.1.10 Russia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.11 Russia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.11.1 Russia Bitumen Additives Market Breakdown by Type
    - 9.1.1.11.2 Russia Bitumen Additives Market Breakdown by Application
  - 9.1.1.12 Rest of Europe Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.13 Rest of Europe Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.13.1 Rest of Europe Bitumen Additives Market Breakdown by Type
    - 9.1.1.13.2 Rest of Europe Bitumen Additives Market Breakdown by Application

10. Competitive Landscape

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

11. 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