DUBLIN, Dec 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Asphalt Additives Market by Type (Polymeric Modifiers, Anti-strip & Adhesion Promoters, Emulsifiers), Application (Road Construction & Paving, Roofing), Technology (Hot Mix, Cold Mix, and Warm Mix) - Global Forecast to 2026" report to their offering.
The asphalt additives market was valued at USD 2.79 Billion in 2015 and is projected to reach USD 5.45 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026
This growth can be attributed to the development of the Asia-Pacific infrastructure market, recyclability of asphalt, development of warm mix asphalt, and increasing use of asphalt in roofing applications.
Among types, the emulsifiers segment of the asphalt additives market expected to grow at the highest CAGR from 2016 to 2026. Emulsifiers help to improve the quality of asphalt emulsions by keeping asphalt particles in suspension.
Emulsifiers are further useful in controlling the setting properties of emulsions, improving wetting and adhesion of acidic silicate chips, and providing heat stability and improved adhesion characteristics after the setting of the emulsions. The demand for emulsifiers is rising due to the increasing road reconstruction activities, especially in North America and Europe.
Among applications, the roofing segment is expected to grow at the highest CAGR from 2016 to 2026 in the asphalt additives market, in terms of value. Roofs are subject to environmental damage due to excess heat, cold or rain. Additives are added to asphalt to prevent damage.
The revival of the North America construction sector has led to high demand from the roofing industry. This has increased the demand for asphalt additives for roofing applications.
Based on technology, the warm mix segment is expected to grow at the highest rate in the asphalt additives market, in terms of value. The warm mix technology is used to lower the temperature at which, the asphalt is mixed and laid on the road. This technology lowers fuel consumption and emissions related to greenhouse gases.
The warm mix technology can be used for a longer paving season as temperature drop during transportation is not a concern. These properties have increased the demand for the warm mix technology.
The Asia-Pacific region accounted for the largest share of the asphalt additives market in 2015. There is a significant infrastructure gap in the Asia-Pacific region.
Maximum economic growth and utilization of facilities in countries of this region are possible with the implementation of new infrastructure projects. Thus, the road infrastructure projects by governments of various countries in Asia-Pacific are expected to drive the asphalt additives market.
Factors inhibiting the growth of the asphalt additives market include volatility in asphalt price and supply, lack of awareness about asphalt additives, and presence of substitutes such as concrete and bioasphalt.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Asphalt Additives Market, by Type
8 Asphalt Additives Market, by Application
9 Asphalt Additives Market, by Technology
10 Global Asphalt Additives Market, by Region
11 Competitive Landscape
12 Company Profiles
- Akzonobel NV
- Arkema SA
- E.I. Du Pont De Nemours and Company
- Evonik Industries
- Honeywell International Inc.
- Huntsman Corporation
- Ingevity Corporation
- Kraton Corporation
- Sasol Limited
- The Dow Chemical Company
For more information about this report visit http://www.researchandmarkets.com/research/gtpfrk/asphalt_additives
Research and Markets
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SOURCE Research and Markets