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Global Asphalt Additives Market Research Report 2024
Synopsis
Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.
The global Asphalt Additives market was valued at US$ 4690.2 million in 2023 and is anticipated to reach US$ 6319.8 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
Evonik, Kraton, DuPont, Arkema and Dow Chemical are the top five of global Asphalt Additives industry, with about 35% market share.
This report aims to provide a comprehensive presentation of the global market for Asphalt Additives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Asphalt Additives.
Report Scope
The Asphalt Additives market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Asphalt Additives market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Asphalt Additives manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Evonik
Kraton
DuPont
Arkema
Dow Chemical
Akzo Nobel
Huntsman
Berkshire Engineering Supplies
ArrMaz
Kao Corporation
Engineered Additives
BASF
Sonneborn
Honeywell
Ingevity
LUCOBIT
Sinopec
LCY CHEMICAL CORP
Jiangsu Jinyang
Zibo bridge lung
Segment by Type
Asphalt Modifier
Antistripping Agent
Asphalt Emulsifier
Surfactant Additives
Foam Stabilizer
Others
Segment by Application
Road Construction & Paving
Roofing
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Asphalt Additives manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Asphalt Additives by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Asphalt Additives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.
The global Asphalt Additives market was valued at US$ 4690.2 million in 2023 and is anticipated to reach US$ 6319.8 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
Evonik, Kraton, DuPont, Arkema and Dow Chemical are the top five of global Asphalt Additives industry, with about 35% market share.
This report aims to provide a comprehensive presentation of the global market for Asphalt Additives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Asphalt Additives.
Report Scope
The Asphalt Additives market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Asphalt Additives market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Asphalt Additives manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Evonik
Kraton
DuPont
Arkema
Dow Chemical
Akzo Nobel
Huntsman
Berkshire Engineering Supplies
ArrMaz
Kao Corporation
Engineered Additives
BASF
Sonneborn
Honeywell
Ingevity
LUCOBIT
Sinopec
LCY CHEMICAL CORP
Jiangsu Jinyang
Zibo bridge lung
Segment by Type
Asphalt Modifier
Antistripping Agent
Asphalt Emulsifier
Surfactant Additives
Foam Stabilizer
Others
Segment by Application
Road Construction & Paving
Roofing
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Asphalt Additives manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Asphalt Additives by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Asphalt Additives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Asphalt Additives Market Overview
1.1 Product Definition
1.2 Asphalt Additives Segment by Type
1.2.1 Global Asphalt Additives Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Asphalt Modifier
1.2.3 Antistripping Agent
1.2.4 Asphalt Emulsifier
1.2.5 Surfactant Additives
1.2.6 Foam Stabilizer
1.2.7 Others
1.3 Asphalt Additives Segment by Application
1.3.1 Global Asphalt Additives Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Road Construction & Paving
1.3.3 Roofing
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Asphalt Additives Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Asphalt Additives Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Asphalt Additives Production Estimates and Forecasts (2019-2030)
1.4.4 Global Asphalt Additives Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Asphalt Additives Production Market Share by Manufacturers (2019-2024)
2.2 Global Asphalt Additives Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Asphalt Additives, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Asphalt Additives Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Asphalt Additives Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Asphalt Additives, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Asphalt Additives, Product Offered and Application
2.8 Global Key Manufacturers of Asphalt Additives, Date of Enter into This Industry
2.9 Asphalt Additives Market Competitive Situation and Trends
2.9.1 Asphalt Additives Market Concentration Rate
2.9.2 Global 5 and 10 Largest Asphalt Additives Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Asphalt Additives Production by Region
3.1 Global Asphalt Additives Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Asphalt Additives Production Value by Region (2019-2030)
3.2.1 Global Asphalt Additives Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Asphalt Additives by Region (2025-2030)
3.3 Global Asphalt Additives Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Asphalt Additives Production by Region (2019-2030)
3.4.1 Global Asphalt Additives Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Asphalt Additives by Region (2025-2030)
3.5 Global Asphalt Additives Market Price Analysis by Region (2019-2024)
3.6 Global Asphalt Additives Production and Value, Year-over-Year Growth
3.6.1 North America Asphalt Additives Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Asphalt Additives Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Asphalt Additives Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Asphalt Additives Production Value Estimates and Forecasts (2019-2030)
4 Asphalt Additives Consumption by Region
4.1 Global Asphalt Additives Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Asphalt Additives Consumption by Region (2019-2030)
4.2.1 Global Asphalt Additives Consumption by Region (2019-2024)
4.2.2 Global Asphalt Additives Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Asphalt Additives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Asphalt Additives Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Asphalt Additives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Asphalt Additives Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Asphalt Additives Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Asphalt Additives Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Asphalt Additives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Asphalt Additives Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Asphalt Additives Production by Type (2019-2030)
5.1.1 Global Asphalt Additives Production by Type (2019-2024)
5.1.2 Global Asphalt Additives Production by Type (2025-2030)
5.1.3 Global Asphalt Additives Production Market Share by Type (2019-2030)
5.2 Global Asphalt Additives Production Value by Type (2019-2030)
5.2.1 Global Asphalt Additives Production Value by Type (2019-2024)
5.2.2 Global Asphalt Additives Production Value by Type (2025-2030)
5.2.3 Global Asphalt Additives Production Value Market Share by Type (2019-2030)
5.3 Global Asphalt Additives Price by Type (2019-2030)
6 Segment by Application
6.1 Global Asphalt Additives Production by Application (2019-2030)
6.1.1 Global Asphalt Additives Production by Application (2019-2024)
6.1.2 Global Asphalt Additives Production by Application (2025-2030)
6.1.3 Global Asphalt Additives Production Market Share by Application (2019-2030)
6.2 Global Asphalt Additives Production Value by Application (2019-2030)
6.2.1 Global Asphalt Additives Production Value by Application (2019-2024)
6.2.2 Global Asphalt Additives Production Value by Application (2025-2030)
6.2.3 Global Asphalt Additives Production Value Market Share by Application (2019-2030)
6.3 Global Asphalt Additives Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Evonik
7.1.1 Evonik Asphalt Additives Corporation Information
7.1.2 Evonik Asphalt Additives Product Portfolio
7.1.3 Evonik Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Evonik Main Business and Markets Served
7.1.5 Evonik Recent Developments/Updates
7.2 Kraton
7.2.1 Kraton Asphalt Additives Corporation Information
7.2.2 Kraton Asphalt Additives Product Portfolio
7.2.3 Kraton Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Kraton Main Business and Markets Served
7.2.5 Kraton Recent Developments/Updates
7.3 DuPont
7.3.1 DuPont Asphalt Additives Corporation Information
7.3.2 DuPont Asphalt Additives Product Portfolio
7.3.3 DuPont Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.3.4 DuPont Main Business and Markets Served
7.3.5 DuPont Recent Developments/Updates
7.4 Arkema
7.4.1 Arkema Asphalt Additives Corporation Information
7.4.2 Arkema Asphalt Additives Product Portfolio
7.4.3 Arkema Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Arkema Main Business and Markets Served
7.4.5 Arkema Recent Developments/Updates
7.5 Dow Chemical
7.5.1 Dow Chemical Asphalt Additives Corporation Information
7.5.2 Dow Chemical Asphalt Additives Product Portfolio
7.5.3 Dow Chemical Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Dow Chemical Main Business and Markets Served
7.5.5 Dow Chemical Recent Developments/Updates
7.6 Akzo Nobel
7.6.1 Akzo Nobel Asphalt Additives Corporation Information
7.6.2 Akzo Nobel Asphalt Additives Product Portfolio
7.6.3 Akzo Nobel Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Akzo Nobel Main Business and Markets Served
7.6.5 Akzo Nobel Recent Developments/Updates
7.7 Huntsman
7.7.1 Huntsman Asphalt Additives Corporation Information
7.7.2 Huntsman Asphalt Additives Product Portfolio
7.7.3 Huntsman Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Huntsman Main Business and Markets Served
7.7.5 Huntsman Recent Developments/Updates
7.8 Berkshire Engineering Supplies
7.8.1 Berkshire Engineering Supplies Asphalt Additives Corporation Information
7.8.2 Berkshire Engineering Supplies Asphalt Additives Product Portfolio
7.8.3 Berkshire Engineering Supplies Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Berkshire Engineering Supplies Main Business and Markets Served
7.7.5 Berkshire Engineering Supplies Recent Developments/Updates
7.9 ArrMaz
7.9.1 ArrMaz Asphalt Additives Corporation Information
7.9.2 ArrMaz Asphalt Additives Product Portfolio
7.9.3 ArrMaz Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.9.4 ArrMaz Main Business and Markets Served
7.9.5 ArrMaz Recent Developments/Updates
7.10 Kao Corporation
7.10.1 Kao Corporation Asphalt Additives Corporation Information
7.10.2 Kao Corporation Asphalt Additives Product Portfolio
7.10.3 Kao Corporation Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Kao Corporation Main Business and Markets Served
7.10.5 Kao Corporation Recent Developments/Updates
7.11 Engineered Additives
7.11.1 Engineered Additives Asphalt Additives Corporation Information
7.11.2 Engineered Additives Asphalt Additives Product Portfolio
7.11.3 Engineered Additives Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Engineered Additives Main Business and Markets Served
7.11.5 Engineered Additives Recent Developments/Updates
7.12 BASF
7.12.1 BASF Asphalt Additives Corporation Information
7.12.2 BASF Asphalt Additives Product Portfolio
7.12.3 BASF Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.12.4 BASF Main Business and Markets Served
7.12.5 BASF Recent Developments/Updates
7.13 Sonneborn
7.13.1 Sonneborn Asphalt Additives Corporation Information
7.13.2 Sonneborn Asphalt Additives Product Portfolio
7.13.3 Sonneborn Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Sonneborn Main Business and Markets Served
7.13.5 Sonneborn Recent Developments/Updates
7.14 Honeywell
7.14.1 Honeywell Asphalt Additives Corporation Information
7.14.2 Honeywell Asphalt Additives Product Portfolio
7.14.3 Honeywell Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Honeywell Main Business and Markets Served
7.14.5 Honeywell Recent Developments/Updates
7.15 Ingevity
7.15.1 Ingevity Asphalt Additives Corporation Information
7.15.2 Ingevity Asphalt Additives Product Portfolio
7.15.3 Ingevity Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Ingevity Main Business and Markets Served
7.15.5 Ingevity Recent Developments/Updates
7.16 LUCOBIT
7.16.1 LUCOBIT Asphalt Additives Corporation Information
7.16.2 LUCOBIT Asphalt Additives Product Portfolio
7.16.3 LUCOBIT Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.16.4 LUCOBIT Main Business and Markets Served
7.16.5 LUCOBIT Recent Developments/Updates
7.17 Sinopec
7.17.1 Sinopec Asphalt Additives Corporation Information
7.17.2 Sinopec Asphalt Additives Product Portfolio
7.17.3 Sinopec Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Sinopec Main Business and Markets Served
7.17.5 Sinopec Recent Developments/Updates
7.18 LCY CHEMICAL CORP
7.18.1 LCY CHEMICAL CORP Asphalt Additives Corporation Information
7.18.2 LCY CHEMICAL CORP Asphalt Additives Product Portfolio
7.18.3 LCY CHEMICAL CORP Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.18.4 LCY CHEMICAL CORP Main Business and Markets Served
7.18.5 LCY CHEMICAL CORP Recent Developments/Updates
7.19 Jiangsu Jinyang
7.19.1 Jiangsu Jinyang Asphalt Additives Corporation Information
7.19.2 Jiangsu Jinyang Asphalt Additives Product Portfolio
7.19.3 Jiangsu Jinyang Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Jiangsu Jinyang Main Business and Markets Served
7.19.5 Jiangsu Jinyang Recent Developments/Updates
7.20 Zibo bridge lung
7.20.1 Zibo bridge lung Asphalt Additives Corporation Information
7.20.2 Zibo bridge lung Asphalt Additives Product Portfolio
7.20.3 Zibo bridge lung Asphalt Additives Production, Value, Price and Gross Margin (2019-2024)
7.20.4 Zibo bridge lung Main Business and Markets Served
7.20.5 Zibo bridge lung Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Asphalt Additives Industry Chain Analysis
8.2 Asphalt Additives Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Asphalt Additives Production Mode & Process
8.4 Asphalt Additives Sales and Marketing
8.4.1 Asphalt Additives Sales Channels
8.4.2 Asphalt Additives Distributors
8.5 Asphalt Additives Customers
9 Asphalt Additives Market Dynamics
9.1 Asphalt Additives Industry Trends
9.2 Asphalt Additives Market Drivers
9.3 Asphalt Additives Market Challenges
9.4 Asphalt Additives Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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