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2017 Forecast – Asphalt Additives Global Market, Industry Size, Share, Analysis and Opportunities to 2023.

Monday, March 6, 2017 22:15
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The world asphalt additives marketis expected to reach $2,302 million through 2022, from 2015 market value of $1,433 registering a CAGR of 6.6% during the analysis period. Increasing demand for asphalt from construction industry, growing conformity with latest manufacturing standards, and rapid urbanization are the key factors driving the growth of the asphalt additives market growth. However, changing regulatory environment coupled with the low consumer awareness may hamper the market growth during the analysis period.

Asphalt additives are crucial towards sustainable development of roads and household infrastructure. In addition, asphalt additives enhance the efficiency and overall life of the roads when mixed with the paving grade asphalt thus demand for such additives is gaining prominence across the globe.

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World asphalt additives market is segmented as:

World asphalt additives market By Type

  • Polymerized asphalt cement
  • Novophalt
  • Multigrade asphalt cement
  • Polyester modifier
  • Others

World asphalt additives market By Application

  • Road Construction
  • Road paving
  • Airport Runaway
  • Parking lots
  • Roofing
  • Others

World asphalt additives market By Geography

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Russia
  • Germany
  • France
  • Turkey
  • UK
  • Others
  • Asia-Pacific
  • China
  • Japan
  • India
  • Others
  • Brazil
  • Saudi Arabia
  • South Africa
  • Others

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