Asphalt Additives Market Recent Trends, Business Scenario, High Demand, Product, Share and Forecasts 2031
Asphalt
Additives Market: Introduction
Transparency
Market Research delivers key insights on the global asphalt additives market. In terms of revenue,
the global asphalt additives market is estimated to expand at a CAGR of 6% during the
forecast period, owing to numerous factors regarding which TMR offers thorough
insights and forecasts in its report on the global asphalt additives market.
The
global asphalt additives market is broadly affected by several factors,
including rise in usage of asphalt additives in Reclaimed Asphalt Pavement
(RAP). Thus, increase in applications of asphalt additives in RAP is propelling
the global asphalt additives market.
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Asphalt
Additives Market: Key Players
The
global asphalt additives market is fragmented with the presence of a large
number of players. Key players operating in the global asphalt additives market
are Nouryon, Arkema, BASF SE, Arrmaz, Grupo Dynasol, Ingevity, Iterchimica,
MCASPHALT, China Petroleum and Chemical Corporation, ATDM Co., Cargill, Inc.,
Birkshire Engineering Supplies, Engineered Additive LLC, Kao Corporation,
Honeywell International Inc., Petrochem Specialties, Huntsman International
LLC, Evonik Industries AG, Sasol Ltd., Dupont De Nemours, Inc., Dow, and Kraton
Corporation.
Asphalt
Additives Market: Prominent Regions
Asia
Pacific was a leading region of the global asphalt additives market in 2020. The region is
estimated to continue to dominate the global asphalt additives market during
the forecast period. Rise in investments in road construction due to the growth
in population and increase in road traffic in developing countries such as
China and India is likely to drive the asphalt additives market in the region.
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In
terms of consumption, Asia Pacific is followed by Europe and North America.
Europe accounted for moderate share of the global asphalt additives market
in 2020.
The road building industry in Europe is expected to expand due to the
strengthening economy of countries in the region. This is leading to an
increase in construction activities and investments and jobs in Europe. Thus,
Europe accounts for key share of the global asphalt additives market. Increase
in demand for export of products containing asphalt additives, especially for
making pulp and paper, is propelling the asphalt additives market in the
region.
Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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Asphalt Additives Market – Scope of the
Report
The latest study collated and published by Transparency Market
Research (TMR) analyzes the historical and present-day scenario of the global
asphalt additives market in order to accurately gauge its future growth. The
study presents detailed information about the important growth factors,
restraints, and trends that are creating a landscape for the growth of the
global asphalt additives market so as to identify growth opportunities for
market stakeholders. The report also provides insightful information about how
the global asphalt additives market would expand during the forecast period of 2021
to 2031.
The report offers intricate dynamics about different aspects of
the global asphalt additives market, which aids companies operating in the
market in making strategic development decisions. TMR’s study also elaborates
on significant changes that are highly anticipated to configure growth of the
global asphalt additives market during the forecast period. It also includes a
key indicator assessment that highlights growth prospects of the global asphalt
additives market and estimates statistics related to growth of the market in
terms of value (US$ Mn) and volume (kilo tons).
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Key Questions
Answered in TMR’s Report on Asphalt Additives Market
·
Which application segment of the global asphalt additives market would
emerge as major revenue generator during the forecast period?
·
How are key market players successfully earning revenues out of
advantages of asphalt additives?
·
What would be the Y-o-Y growth trend of the global asphalt additives
market between 2021 and 2031?
·
What are the winning imperatives of leading players operating in the
global asphalt additives market?
·
Which type segment is expected to create lucrative opportunities for the
global asphalt additives market during the forecast period?
·
Which are leading companies operating in the global asphalt additives
market?
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