Regional Perspectives: Asphalt Additive Market Insights

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• Driving Efficiency in Road Construction with
  Asphalt Additives
• Asphalt Additive Market report recently published
  by MNM is the best overview about market
  industry perspective, comprehensive analysis,
  size, share, growth, segment, trends, and
  forecast. The report is a handy resource for
  managers, analysts, industry experts, and other
  key people to get ready-to-access and
  self-analysed study. The asphalt additive market
  is projected to grow from USD 3.4 billion in 2021
  to USD 4.7 billion by 2026, at a CAGR of 6.8
  from 2021 to 2026. This report also contains
  helpful recommendations for both established and
  new global players. In addition, the research
  report provides a detailed analysis of the
  business strategies of the leading market
  players' expansion efforts. The report study
  provides an outline of company market shares to
  provide a more comprehensive summary of the
  market's major players.
• The asphalt additive market is growing steadily
  due to the increasing demand for improved
  asphalt performance in construction and
  infrastructure projects. Asphalt additives are
  chemical compounds added to asphalt to enhance
  its properties such as durability, flexibility,
  and resistance to temperature and weathering. The
  demand for asphalt additives is driven by the
  growing need for sustainable and eco-friendly
  construction practices. Asphalt additives can
  help reduce the number of raw materials needed
  for construction and can also extend the
  lifespan of infrastructure, reducing the need for
  frequent repairs and replacements.
• Global Asphalt Additive Market Executive Summary
• Market Revenue and Key Trends
• Key trends by Product
• Key trends by Distribution Channel
• Key trends by Geography
• The report concentrates on the foremost
  competitors of the worldwide Asphalt Additive
  market and delivers information about the
  corporate overview including contacts, product
  portfolio, key developments, price, cost, value,
  volume, revenue, capacity, and production.
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  mpleNew.asp?id156734514
• Who are the key players in the Asphalt Additives
  Market?

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• Nouryon (Netherlands),
• DowDuPont (US),
• Arkema SA (France),
• Honeywell International Inc. (US),
• Evonik Industries (Germany),
• Huntsman Corporation (US),
• Kraton Corporation (US),
• Ingevity Corporation(US), and BASF SE (Germany)
• Kraton Corporation is a leading specialty
  chemical company that manufactures styrene block
  copolymers and other engineered polymers. Kraton
  Performance Polymer
• Inc. changed its name to Kraton Corporation. The
  company has operations in performance products,
  performance chemicals, specialty polymers,
  adhesives, cariflex, and tires.
• Ingevity Corporation is a manufacturer of
  specialty chemicals and high-performance carbon
  materials. The specialty chemical products are
  used in a range of high-performance
  applications, such as pavement technologies, oil
  field technologies, and industrial specialties.

• What are the key trends in the Asphalt Additives
  Market?
• The asphalt additive market is a rapidly growing
  industry, driven by the increasing demand for
  high-quality roads and pavements. Here are some
  of the latest trends in the asphalt additive
  market
• Growing demand for warm mix asphalt (WMA)WMA is
  a relatively new technology that allows for the
  production of asphalt at lower temperatures,
  which saves energy and reduces greenhouse gas
  emissions. The demand for WMA is increasing as
  governments and private companies seek to reduce
  their carbon footprint.
• Increased use of recycled materials The use of
  recycled materials in asphalt mixtures is
  becoming more common as governments and companies
  seek to reduce waste and promote sustainability.
  Materials such as reclaimed asphalt pavement
  (RAP) and recycled tire rubber are often used as
  additives in asphalt mixtures.

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• Technological advancements Advances in asphalt
  additive technology are enabling the production
  of stronger and more durable pavements. For
  example, additives that improve resistance to
  cracking, rutting, and fatigue are now widely
  available.
• Increasing investment in infrastructure
  Governments around the world are investing in
  infrastructure projects, which is driving demand
  for asphalt additives. The trend is particularly
  evident in developing countries, where rapid
  urbanization is leading to the construction of
  new roads and pavements.
• Growing focus on safety With safety being a top
  priority in the construction
• industry, asphalt additives that improve skid
  resistance and reduce noise levels are becoming
  increasingly popular.
• Expansion of the construction industry The
  construction industry is expanding, driven by
  population growth, urbanization, and economic
  development. This growth is increasing demand
  for asphalt additives, particularly in developing
  countries.
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• Asphalt Additive Market Segmentation
• By type, polymeric modifiers is estimated to be
  the leading segment of asphalt additives market
  from 2021 to 2026, in terms of value and volume.
• Based on type, the asphalt additives market has
  been segmented into Polymeric Modifiers,
  Anti-strip adhesion promoters, Emulsifiers,
  Chemical Modifiers, Rejuvenators, Fibers, Flux
  Oil, Colored Asphalt, and others. The polymeric
  modifier segment of asphalt additives market
  accounts for the largest share during the
  forecast period.
• By application, roofing is estimated to be the
  fastest-growing segment of asphalt additives
  market.
• Based on application, the roofing segment is
  expected to lead the asphalt additives market in
  coming years. Roofs are subject to environmental
  damage due to excess heat, cold, or rain. The
  addition of additives to asphalt prevents this
  damage. Chemical, vegetable oil, or
  petroleum-based additives are added to asphalt to
  improve the functionality and viscosity of
  asphalt, while polymer-based additives are used
  to improve its Functionality. This creates the
  demand for asphalt additives in the future.

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• Asphalt Additive Market Regional Growth
• The asphalt additive market is expected to
  experience regional growth in various parts of
  the world. Some of the key regions that are
  expected to show significant growth in the
  asphalt additive market include
• North America The North American region is
  expected to witness significant growth in the
  asphalt additive market. The growth in this
  region is primarily attributed to the increasing
  demand for asphalt additives in road
  construction, renovation, and maintenance
  projects. Additionally, the presence of major
  market players and the availability of advanced
  technologies in this region are expected to
  further drive the growth of the asphalt additive
  market.
• Asia Pacific The asphalt additive market in the
  Asia Pacific region is expected to experience
  significant growth in the coming years. One of
  the key drivers of this growth is the increasing
  demand for infrastructure development and
  construction activities in the region. As
  countries like China, India, and Japan continue
  to invest in improving their infrastructure, the
  demand for asphalt additives is expected to
  increase.