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Thermoplastic Elastomer Modified Asphalt-Global Market Insights and Sales Trends 2025

Thermoplastic Elastomer Modified Asphalt-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1818809

No of Pages : 116

Synopsis
Thermoplastic Elastomer Modified Asphalt (TEMA) is a type of asphalt binder that is enhanced by incorporating thermoplastic elastomer materials into the asphalt mixture. TEMA is a blend of bitumen (a primary component of asphalt) and thermoplastic elastomers, which are synthetic polymers that exhibit both rubber-like elasticity and plastic-like flow properties.
The addition of thermoplastic elastomers to asphalt binder improves its properties, making it more flexible and resistant to cracking and deformation. This modification enhances the overall performance of the asphalt, especially in challenging environmental conditions and heavy traffic areas.

The global Thermoplastic Elastomer Modified Asphalt market size is expected to reach US$ 12230 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The market is mainly driven by the significant applications of Thermoplastic Elastomer Modified Asphalt in various end use industries. The expanding demands from the Road Construction & Paving, Roofing and Others,, are propelling Thermoplastic Elastomer Modified Asphalt market. SBS Modified Asphalt, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Plastomer Modified Asphalt segment is estimated at % CAGR for the next seven-year period.
Key benefits of Thermoplastic Elastomer Modified Asphalt (TEMA) include:
Enhanced Flexibility: TEMA provides increased flexibility to the asphalt, enabling it to better withstand temperature fluctuations and traffic-induced stress.
Crack Resistance: The addition of thermoplastic elastomers improves the resistance of the asphalt to cracking, extending the service life of pavements.
Improved Rutting Resistance: TEMA exhibits better resistance to rutting, which is the permanent deformation of asphalt caused by repeated traffic loads.
Better Adhesion: The modified asphalt binder exhibits improved adhesion to aggregate particles, contributing to better pavement performance.
Reduced Temperature Sensitivity: TEMA shows reduced sensitivity to temperature changes, which can minimize the risk of thermal cracking.
Market for Thermoplastic Elastomer Modified Asphalt (TEMA):
The market for Thermoplastic Elastomer Modified Asphalt (TEMA) has been growing steadily as it offers advantages over conventional asphalt binders in terms of performance and longevity. Some key factors contributing to the market's growth include:
Road Infrastructure Development: Increasing investments in road construction and infrastructure projects drive the demand for high-performance asphalt binders like TEMA.
Maintenance and Rehabilitation: The use of TEMA in maintenance and rehabilitation projects can extend the life of existing pavements and reduce the need for frequent repairs.
Heavy Traffic Areas: TEMA is especially beneficial in areas with heavy traffic loads, such as highways, airport runways, and industrial zones.
Sustainable Infrastructure: TEMA's ability to enhance pavement durability aligns with the focus on sustainable and long-lasting infrastructure solutions.
Regulatory Requirements: Some regions have specific regulations or specifications that encourage or mandate the use of modified asphalt binders like TEMA in certain applications.
As the demand for durable and high-performance road surfaces increases, the market for Thermoplastic Elastomer Modified Asphalt (TEMA) is expected to continue growing. Manufacturers of TEMA are likely to invest in research and development to develop new formulations and expand their applications to meet evolving industry needs.

Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Thermoplastic Elastomer Modified Asphalt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Thermoplastic Elastomer Modified Asphalt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Thermoplastic Elastomer Modified Asphalt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Thermoplastic Elastomer Modified Asphalt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Thermoplastic Elastomer Modified Asphalt covered in this report include Total Bitumen, Shell, SK energy, ExxonMobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC and Breedon, etc.
The global Thermoplastic Elastomer Modified Asphalt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Total Bitumen
Shell
SK energy
ExxonMobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Breedon
Baolirus
Husky Energy
Associated Asphalt
Wright Asphalt Products
Guochuang Hi-tech
Nichireki
Global Thermoplastic Elastomer Modified Asphalt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Thermoplastic Elastomer Modified Asphalt market, Segment by Type:
SBS Modified Asphalt
Plastomer Modified Asphalt
SBR Modified Asphalt
Others
Global Thermoplastic Elastomer Modified Asphalt market, by Application
Road Construction & Paving
Roofing
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Thermoplastic Elastomer Modified Asphalt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Thermoplastic Elastomer Modified Asphalt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Thermoplastic Elastomer Modified Asphalt Market Overview
1.1 Thermoplastic Elastomer Modified Asphalt Product Overview
1.2 Thermoplastic Elastomer Modified Asphalt Market Segment by Type
1.2.1 SBS Modified Asphalt
1.2.2 Plastomer Modified Asphalt
1.2.3 SBR Modified Asphalt
1.2.4 Others
1.3 Global Thermoplastic Elastomer Modified Asphalt Market Size by Type
1.3.1 Global Thermoplastic Elastomer Modified Asphalt Market Size Overview by Type (2018-2029)
1.3.2 Global Thermoplastic Elastomer Modified Asphalt Historic Market Size Review by Type (2018-2023)
1.3.3 Global Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Type (2018-2023)
1.4.2 Europe Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Type (2018-2023)
2 Global Thermoplastic Elastomer Modified Asphalt Market Competition by Company
2.1 Global Top Players by Thermoplastic Elastomer Modified Asphalt Sales (2018-2023)
2.2 Global Top Players by Thermoplastic Elastomer Modified Asphalt Revenue (2018-2023)
2.3 Global Top Players by Thermoplastic Elastomer Modified Asphalt Price (2018-2023)
2.4 Global Top Manufacturers Thermoplastic Elastomer Modified Asphalt Manufacturing Base Distribution, Sales Area, Product Type
2.5 Thermoplastic Elastomer Modified Asphalt Market Competitive Situation and Trends
2.5.1 Thermoplastic Elastomer Modified Asphalt Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Thermoplastic Elastomer Modified Asphalt Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Thermoplastic Elastomer Modified Asphalt as of 2022)
2.7 Date of Key Manufacturers Enter into Thermoplastic Elastomer Modified Asphalt Market
2.8 Key Manufacturers Thermoplastic Elastomer Modified Asphalt Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Thermoplastic Elastomer Modified Asphalt Status and Outlook by Region
3.1 Global Thermoplastic Elastomer Modified Asphalt Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Thermoplastic Elastomer Modified Asphalt Historic Market Size by Region
3.2.1 Global Thermoplastic Elastomer Modified Asphalt Sales in Volume by Region (2018-2023)
3.2.2 Global Thermoplastic Elastomer Modified Asphalt Sales in Value by Region (2018-2023)
3.2.3 Global Thermoplastic Elastomer Modified Asphalt Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Region
3.3.1 Global Thermoplastic Elastomer Modified Asphalt Sales in Volume by Region (2024-2029)
3.3.2 Global Thermoplastic Elastomer Modified Asphalt Sales in Value by Region (2024-2029)
3.3.3 Global Thermoplastic Elastomer Modified Asphalt Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Thermoplastic Elastomer Modified Asphalt by Application
4.1 Thermoplastic Elastomer Modified Asphalt Market Segment by Application
4.1.1 Road Construction & Paving
4.1.2 Roofing
4.1.3 Others
4.2 Global Thermoplastic Elastomer Modified Asphalt Market Size by Application
4.2.1 Global Thermoplastic Elastomer Modified Asphalt Market Size Overview by Application (2018-2029)
4.2.2 Global Thermoplastic Elastomer Modified Asphalt Historic Market Size Review by Application (2018-2023)
4.2.3 Global Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Application (2018-2023)
4.3.2 Europe Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales Breakdown by Application (2018-2023)
5 North America Thermoplastic Elastomer Modified Asphalt by Country
5.1 North America Thermoplastic Elastomer Modified Asphalt Historic Market Size by Country
5.1.1 North America Thermoplastic Elastomer Modified Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2018-2023)
5.1.3 North America Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2018-2023)
5.2 North America Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Country
5.2.1 North America Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2024-2029)
5.2.2 North America Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2024-2029)
6 Europe Thermoplastic Elastomer Modified Asphalt by Country
6.1 Europe Thermoplastic Elastomer Modified Asphalt Historic Market Size by Country
6.1.1 Europe Thermoplastic Elastomer Modified Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2018-2023)
6.1.3 Europe Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2018-2023)
6.2 Europe Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Country
6.2.1 Europe Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2024-2029)
6.2.2 Europe Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2024-2029)
7 Asia-Pacific Thermoplastic Elastomer Modified Asphalt by Region
7.1 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Historic Market Size by Region
7.1.1 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Region
7.2.1 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Thermoplastic Elastomer Modified Asphalt Sales in Value by Region (2024-2029)
8 Latin America Thermoplastic Elastomer Modified Asphalt by Country
8.1 Latin America Thermoplastic Elastomer Modified Asphalt Historic Market Size by Country
8.1.1 Latin America Thermoplastic Elastomer Modified Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2018-2023)
8.1.3 Latin America Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2018-2023)
8.2 Latin America Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Country
8.2.1 Latin America Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2024-2029)
8.2.2 Latin America Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2024-2029)
9 Middle East and Africa Thermoplastic Elastomer Modified Asphalt by Country
9.1 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Historic Market Size by Country
9.1.1 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Forecasted Market Size by Country
9.2.1 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Thermoplastic Elastomer Modified Asphalt Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Total Bitumen
10.1.1 Total Bitumen Company Information
10.1.2 Total Bitumen Introduction and Business Overview
10.1.3 Total Bitumen Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Total Bitumen Thermoplastic Elastomer Modified Asphalt Products Offered
10.1.5 Total Bitumen Recent Development
10.2 Shell
10.2.1 Shell Company Information
10.2.2 Shell Introduction and Business Overview
10.2.3 Shell Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Shell Thermoplastic Elastomer Modified Asphalt Products Offered
10.2.5 Shell Recent Development
10.3 SK energy
10.3.1 SK energy Company Information
10.3.2 SK energy Introduction and Business Overview
10.3.3 SK energy Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.3.4 SK energy Thermoplastic Elastomer Modified Asphalt Products Offered
10.3.5 SK energy Recent Development
10.4 ExxonMobil
10.4.1 ExxonMobil Company Information
10.4.2 ExxonMobil Introduction and Business Overview
10.4.3 ExxonMobil Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ExxonMobil Thermoplastic Elastomer Modified Asphalt Products Offered
10.4.5 ExxonMobil Recent Development
10.5 TIPCO ASPHALT
10.5.1 TIPCO ASPHALT Company Information
10.5.2 TIPCO ASPHALT Introduction and Business Overview
10.5.3 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.5.4 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Products Offered
10.5.5 TIPCO ASPHALT Recent Development
10.6 Colas
10.6.1 Colas Company Information
10.6.2 Colas Introduction and Business Overview
10.6.3 Colas Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Colas Thermoplastic Elastomer Modified Asphalt Products Offered
10.6.5 Colas Recent Development
10.7 Nynas
10.7.1 Nynas Company Information
10.7.2 Nynas Introduction and Business Overview
10.7.3 Nynas Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nynas Thermoplastic Elastomer Modified Asphalt Products Offered
10.7.5 Nynas Recent Development
10.8 Gazprom Neft PJSC
10.8.1 Gazprom Neft PJSC Company Information
10.8.2 Gazprom Neft PJSC Introduction and Business Overview
10.8.3 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Products Offered
10.8.5 Gazprom Neft PJSC Recent Development
10.9 Breedon
10.9.1 Breedon Company Information
10.9.2 Breedon Introduction and Business Overview
10.9.3 Breedon Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Breedon Thermoplastic Elastomer Modified Asphalt Products Offered
10.9.5 Breedon Recent Development
10.10 Baolirus
10.10.1 Baolirus Company Information
10.10.2 Baolirus Introduction and Business Overview
10.10.3 Baolirus Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Baolirus Thermoplastic Elastomer Modified Asphalt Products Offered
10.10.5 Baolirus Recent Development
10.11 Husky Energy
10.11.1 Husky Energy Company Information
10.11.2 Husky Energy Introduction and Business Overview
10.11.3 Husky Energy Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Husky Energy Thermoplastic Elastomer Modified Asphalt Products Offered
10.11.5 Husky Energy Recent Development
10.12 Associated Asphalt
10.12.1 Associated Asphalt Company Information
10.12.2 Associated Asphalt Introduction and Business Overview
10.12.3 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Products Offered
10.12.5 Associated Asphalt Recent Development
10.13 Wright Asphalt Products
10.13.1 Wright Asphalt Products Company Information
10.13.2 Wright Asphalt Products Introduction and Business Overview
10.13.3 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Products Offered
10.13.5 Wright Asphalt Products Recent Development
10.14 Guochuang Hi-tech
10.14.1 Guochuang Hi-tech Company Information
10.14.2 Guochuang Hi-tech Introduction and Business Overview
10.14.3 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Products Offered
10.14.5 Guochuang Hi-tech Recent Development
10.15 Nichireki
10.15.1 Nichireki Company Information
10.15.2 Nichireki Introduction and Business Overview
10.15.3 Nichireki Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Nichireki Thermoplastic Elastomer Modified Asphalt Products Offered
10.15.5 Nichireki Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Thermoplastic Elastomer Modified Asphalt Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Thermoplastic Elastomer Modified Asphalt Industrial Chain Analysis
11.4 Thermoplastic Elastomer Modified Asphalt Market Dynamics
11.4.1 Thermoplastic Elastomer Modified Asphalt Industry Trends
11.4.2 Thermoplastic Elastomer Modified Asphalt Market Drivers
11.4.3 Thermoplastic Elastomer Modified Asphalt Market Challenges
11.4.4 Thermoplastic Elastomer Modified Asphalt Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Thermoplastic Elastomer Modified Asphalt Distributors
12.3 Thermoplastic Elastomer Modified Asphalt Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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