Asphalt Additives Market

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Asphalt Additives Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier); By Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))

  • Published Date: February 2024
  • Report ID: BWC24152
  • Available Format: PDF
  • Page: 400

Report Overview

Growing number of road and other infrastructure construction projects, rapid industrialization and urbanization, and significant investments in the construction sector are driving the growth of the Global Asphalt Additives Market during the forecast period between 2024 and 2030.

Global Asphalt Additives Market – Industry Trends & Forecast Report, 2030

Global Asphalt Additives Market size was estimated at USD 4.03 billion in 2023. During the forecast period between 2024 and 2029, the size of Global Asphalt Additives Market is projected to grow at a CAGR of 6.49% reaching a value of USD 6.26 billion by 2030. The surge in end use industries embracing asphalt additives serves as the catalyst propelling the growth trajectory of the asphalt additive market. Expanding infrastructural projects and a surge in construction activities, particularly in burgeoning economies, will generate promising avenues for the market's growth. The confluence of escalating industrialization and substantial investments in the construction sector to address both industrial and residential infrastructure needs will amplify the demand for asphalt additives. Manufacturers' heightened emphasis on product innovation is poised to unlock lucrative growth prospects for the asphalt additive market.

Asphalt Additives Market

Asphalt Additives – Overview

Asphalt additives, essential components melded with concrete to form asphalt concrete, serve as versatile agents in road construction. Functioning as both adhesive and waterproofing agents, these additives play a pivotal role in enhancing the durability of road infrastructure. By mitigating various issues such as life cycle costs, stripping, cracking, permanent deformation, raveling, and pavement thickness, asphalt additives contribute to the longevity and resilience of road surfaces. This amalgamation of materials strengthens the structural integrity of asphalt concrete and also addresses key challenges, ensuring a sustainable and robust solution for modern infrastructure demands.

Global Asphalt Additives Market

Growth Drivers

Booming Construction Projects across Regions

In an era marked by escalating construction undertakings, the global demand for roofing experiences an unprecedented surge. Playing a pivotal role in this trajectory is Asphalt Additives, encompassing polymeric modifiers, emulsifiers, chemical modifiers, and rejuvenators. The burgeoning construction activities act as a catalyst, propelling the need for robust roofing solutions. The intensified demand stimulates market growth and also signifies a noteworthy shift in market dynamics. Anticipated to ride on the coattails of escalating usage in residential and commercial construction, the Global Asphalt Additives Market is poised for substantial expansion during the period in analysis.

Challenges

Inherent Volatility

The dynamic nature of petrochemical-based asphalt additives presents a constant challenge due to the volatile pricing of petrochemical products. The fluidity in these prices significantly impacts the cost of asphalt additives, thereby disrupting the entire supply chain. The continuous price fluctuation in petrochemicals poses a risk to the stability of Asphalt Additives prices, potentially impeding market growth. Also, the unpredictable nature of the oil market, closely intertwined with bitumen prices, poses a significant challenge to the Global Asphalt Additives Market. With OPEC expected to witness a demand reduction in H1 2024, coupled with geopolitical shifts like Angola's exit from OPEC and Russia redirecting half of its crude oil to China, the market experiences heightened uncertainty. The instability has direct repercussions on bitumen prices worldwide, as seen in fluctuating prices in Singapore, South Korea, and India. As bitumen is a key component in asphalt, the market dynamics create ripples, impacting the prices of asphalt additives globally.

Impact of Escalating Geopolitical Tensions on Global Asphalt Additives Market

In 2024, the Global Asphalt Additives Market faces challenges due to escalating geopolitical tensions. The prolonged Ukraine-Russia war and the ongoing Hamas-Israel war, now in its third year, contribute to heightened global instability. The conflicts have a direct impact on the market for asphalt additives, a crucial element in construction. With concerns about oil and bitumen supply routes, particularly in the Middle East, the security of the Red Sea corridor is questioned. The unease is evident as naval deployments are made to safeguard the vital maritime passage. As industry stakeholders grapple with fluctuating oil prices and evolving demand patterns, navigating the complex geopolitical landscape becomes crucial for the Global Asphalt Additives Market.

Global Asphalt Additives Market

Segmental Coverage

Global Asphalt Additives Market – By Type

Based on type, Global Asphalt Additives Market is divided into Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, and Polyester Modifier segments. The polymerized asphalt cement segment is the largest type, especially during the initial stages of road construction. Polymerized asphalt cement, like CRS-2P, is frequently added to paving-grade asphalt using mechanical impellers or mixers. The grade is widely used by companies in road maintenance and repair, rejuvenating existing roads. Asia Pacific is projected to lead in polymerized asphalt cement utilization due to numerous infrastructure projects. The compound's increasing significance in enhancing road strength, durability, finishing, and workability is driving global market growth. Diverse grades and pricing options further empower consumers to make tailored product choices.

Asphalt Additives Market Size

Global Asphalt Additives Market – By Application

Based on application, Global Asphalt Additives Market is divided into Road Construction, Road Paving, Airport Runway, Parking Lots, and Roofing segments. The road construction segment is the largest application in the Global Asphalt Additives Market. The utilization of asphalt additives such as polymeric modifiers, emulsifiers, chemical modifiers, and rejuvenators proves pivotal in augmenting viscosity and stiffness at elevated temperatures and enhancing road durability. Globally, such infrastructure investments promise to fuel the demand for asphalt additives, fortifying market growth.

Asphalt Additives Market Share

Global Asphalt Additives Market– By Region

Based on region, Global Asphalt Additives Market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). Asia Pacific holds the dominant position in the Global Asphalt Additives Market. The driving force behind the dominance lies in escalating investments in infrastructure construction across the region. Polymeric modifiers, emulsifiers, chemical modifiers, and rejuvenators find heightened demand due to the investments. China, in particular, is witnessing an upswing in demand for asphalt additives, spurred by increased investments in road and belt construction. Additionally, India's consistent growth in the construction of national highways contributes to the overall demand for asphalt additives. The cumulative effect of these factors positions the Asia-Pacific region as a formidable player in the Asphalt Additives market, poised for significant growth during the forecast period.

Competitive Landscape

Major players in the Global Asphalt Additives Market include Nouryon, Arkema, BASF SE, Arrmaz, Grupo Dynasol, Ingevity, Iterchimica, MCASPHALT, China Petroleum and Chemical Corporation, ATDM Co., Cargill, Inc., and Berkshire Engineering Supplies. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In August 2022 - Kao Corporation commercialized the first-ever asphalt additive made from recycled plastic bottles with the features NEWTLAC 5000, a new additive with exceptionally high durability, oil resistance, and environmental features.

  • In September 2020 - BASF acquired the exclusive rights to distribute RheoFalt products from Ventraco, worldwide. The expansion of the product portfolio serves sustainable road construction and the need for rejuvenators in reclaimed asphalt pavement (RAP).

Scope of Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)

Product/Service Segmentation

Type, Application, Region

Key Players

Nouryon, Arkema, BASF SE, Arrmaz, Grupo Dynasol, Ingevity, Iterchimica, MCASPHALT, China Petroleum and Chemical Corporation, ATDM Co., Cargill, Inc., Berkshire Engineering Supplies

 

By Type

  • Polymerized Asphalt Cement

  • Novophalt

  • Multigrade Asphalt Cement

  • Polyester Modifier

By Application

  • Road Construction

  • Road Paving

  • Airport Runway

  • Parking Lots

  • Roofing

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America (LATAM)

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Asphalt Additives Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Booming construction industry
        2. Enhanced asphalt performance
      2. Restraints
        1. High cost associated
      3. Opportunities
        1. Advancements in technology
      4. Challenges
        1. Lack of awareness
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Asphalt Additives Market Marketing Strategies
  5. Global Asphalt Additives Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Polymerized Asphalt Cement
        2. Novophalt
        3. Multigrade Asphalt Cement
        4. Polyester Modifier
      2. By Application
        1. Road Construction
        2. Road Paving
        3. Airport Runway
        4. Parking Lots
        5. Roofing
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  6. North America Asphalt Additives Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
          1. By Type
          2. By Application
        2. Canada
          1. By Type
          2. By Application
  7. Europe Asphalt Additives Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
          1. By Type
          2. By Application
        2. United Kingdom
          1. By Type
          2. By Application
        3. Italy
          1. By Type
          2. By Application
        4. France
          1. By Type
          2. By Application
        5. Spain
          1. By Type
          2. By Application
        6. Belgium
          1. By Type
          2. By Application
        7. Russia
          1. By Type
          2. By Application
        8. The Netherlands
          1. By Type
          2. By Application
        9. Rest of Europe
          1. By Type
          2. By Application
  8. Asia Pacific Asphalt Additives Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. China
          1. By Type
          2. By Application
        2. India
          1. By Type
          2. By Application
        3. Japan
          1. By Type
          2. By Application
        4. South Korea
          1. By Type
          2. By Application
        5. Australia & New Zealand
          1. By Type
          2. By Application
        6. Indonesia
          1. By Type
          2. By Application
        7. Malaysia
          1. By Type
          2. By Application
        8. Singapore
          1. By Type
          2. By Application
        9. Vietnam
          1. By Type
          2. By Application
        10. Rest of APAC
          1. By Type
          2. By Application
  9. Latin America Asphalt Additives Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
          1. By Type
          2. By Application
        2. Mexico
          1. By Type
          2. By Application
        3. Argentina
          1. By Type
          2. By Application
        4. Peru
          1. By Type
          2. By Application
        5. Rest of LATAM
          1. By Type
          2. By Application
  10. Middle East & Africa Asphalt Additives Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By Application
        2. UAE
          1. By Type
          2. By Application
        3. Qatar
          1. By Type
          2. By Application
        4. Kuwait
          1. By Type
          2. By Application
        5. South Africa
          1. By Type
          2. By Application
        6. Nigeria
          1. By Type
          2. By Application
        7. Algeria
          1. By Type
          2. By Application
        8. Rest of MEA
          1. By Type
          2. By Application
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Asphalt Additives Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on Global Asphalt Additives Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Nouryon
    2. Arkema
    3. BASF SE
    4. Arrmaz
    5. Grupo Dynasol
    6. Ingevity
    7. Iterchimica
    8. MCASPHALT
    9. China Petroleum and Chemical Corporation
    10. ATDM Co.
    11. Cargill, Inc.
    12. Berkshire Engineering Supplies
    13. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research˙
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Global Asphalt Additives Segmentation

Figure 2       Global Asphalt Additives Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Global Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 5       Global Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 6       Global Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 7       Global Asphalt Additives Market Share, By Region, By Value, 2019–2030

Figure 8       North America Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 9       North America Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 10     North America Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 11     North America Asphalt Additives Market Share, By Country, By Value, 2019–2030

Figure 12     United States Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 13     United States Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 14     United States Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 15     Canada Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 16     Canada Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 17     Canada Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 18     Europe Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 19     Europe Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 20     Europe Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 21     Europe Asphalt Additives Market Share, By Country, By Value, 2019–2030

Figure 22     Germany Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 23     Germany Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 24     Germany Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 25     United Kingdom Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 26     United Kingdom Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 27     United Kingdom Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 28     Italy Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 29     Italy Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 30     Italy Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 31     France Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 32     France Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 33     France Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 34     Spain Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 35     Spain Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 36     Spain Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 37     Belgium Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 38     Belgium Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 39     Belgium Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 40     Russia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 41     Russia Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 42     Russia Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 43     The Netherlands Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 44     The Netherlands Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 45     The Netherlands Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 46     Rest of Europe Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 47     Rest of Europe Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 48     Rest of Europe Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 49     Asia Pacific Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 50     Asia Pacific Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 51     Asia Pacific Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 52     Asia Pacific Asphalt Additives Market Share, By Country, By Value, 2019–2030

Figure 53     China Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 54     China Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 55     China Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 56     India Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 57     India Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 58     India Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 59     Japan Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 60     Japan Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 61     Japan Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 62     South Korea Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 63     South Korea Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 64     South Korea Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 65     Australia & New Zealand Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 66     Australia & New Zealand Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 67     Australia & New Zealand Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 68     Indonesia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 69     Indonesia Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 70     Indonesia Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 71     Malaysia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 72     Malaysia Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 73     Malaysia Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 74     Singapore Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 75     Singapore Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 76     Singapore Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 77     Vietnam Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 78     Vietnam Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 79     Vietnam Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 80     Rest of APAC Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 81     Rest of APAC Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 82     Rest of APAC Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 83     Latin America Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 84     Latin America Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 85     Latin America Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 86     Latin America Asphalt Additives Market Share, By Country, By Value, 2019–2030

Figure 87     Brazil Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 88     Brazil Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 89     Brazil Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 90     Mexico Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 91     Mexico Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 92     Mexico Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 93     Argentina Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 94     Argentina Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 95     Argentina Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 96     Peru Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 97     Peru Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 98     Peru Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 99     Rest of LATAM Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 100   Rest of LATAM Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 101   Rest of LATAM Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 102   Middle East and Africa Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 103   Middle East and Africa Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 104   Middle East and Africa Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 105   Middle East and Africa Asphalt Additives Market Share, By Country, By Value, 2019–2030

Figure 106   Saudi Arabia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 107   Saudi Arabia Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 108   Saudi Arabia Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 109   UAE Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 110   UAE Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 111   UAE Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 112   Qatar Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 113   Qatar Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 114   Qatar Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 115   Kuwait Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 116   Kuwait Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 117   Kuwait Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 118   South Africa Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 119   South Africa Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 120   South Africa Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 121   Nigeria Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 122   Nigeria Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 123   Nigeria Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 124   Algeria Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 125   Algeria Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 126   Algeria Asphalt Additives Market Share, By Application, By Value, 2019–2030

Figure 127   Rest of MEA Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Figure 128   Rest of MEA Asphalt Additives Market Share, By Type, By Value, 2019–2030

Figure 129   Rest of MEA Asphalt Additives Market Share, By Application, By Value, 2019–2030

 

List of Tables

 

Table 1        Global Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 2        Global Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 3        Global Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 4        Global Asphalt Additives Market Size, By Region, By Value, 2019–2030

Table 5        North America Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 6        North America Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 7        North America Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 8        North America Asphalt Additives Market Size, By Country, By Value, 2019–2030

Table 9        United States Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 10      United States Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 11      United States Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 12      Canada Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 13      Canada Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 14      Canada Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 15      Europe Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 16      Europe Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 17      Europe Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 18      Europe Asphalt Additives Market Size, By Country, By Value, 2019–2030

Table 19      Germany Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 20      Germany Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 21      Germany Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 22      United Kingdom Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 23      United Kingdom Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 24      United Kingdom Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 25      Italy Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 26      Italy Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 27      Italy Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 28      France Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 29      France Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 30      France Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 31      Spain Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 32      Spain Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 33      Spain Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 34      Belgium Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 35      Belgium Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 36      Belgium Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 37      Russia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 38      Russia Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 39      Russia Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 40      The Netherlands Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 41      The Netherlands Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 42      The Netherlands Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 43      Rest of Europe Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 44      Rest of Europe Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 45      Rest of Europe Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 46      Asia Pacific Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 47      Asia Pacific Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 48      Asia Pacific Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 49      Asia Pacific Asphalt Additives Market Size, By Country, By Value, 2019–2030

Table 50      China Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 51      China Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 52      China Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 53      India Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 54      India Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 55      India Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 56      Japan Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 57      Japan Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 58      Japan Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 59      South Korea Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 60      South Korea Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 61      South Korea Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 62      Australia & New Zealand Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 63      Australia & New Zealand Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 64      Australia & New Zealand Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 65      Indonesia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 66      Indonesia Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 67      Indonesia Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 68      Malaysia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 69      Malaysia Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 70      Malaysia Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 71      Singapore Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 72      Singapore Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 73      Singapore Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 74      Vietnam Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 75      Vietnam Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 76      Vietnam Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 77      Rest of APAC Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 78      Rest of APAC Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 79      Rest of APAC Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 80      Latin America Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 81      Latin America Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 82      Latin America Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 83      Latin America Asphalt Additives Market Size, By Country, By Value, 2019–2030

Table 84      Brazil Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 85      Brazil Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 86      Brazil Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 87      Mexico Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 88      Mexico Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 89      Mexico Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 90      Argentina Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 91      Argentina Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 92      Argentina Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 93      Peru Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 94      Peru Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 95      Peru Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 96      Rest of LATAM Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 97      Rest of LATAM Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 98      Rest of LATAM Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 99      Middle East and Africa Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 100    Middle East and Africa Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 101    Middle East and Africa Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 102    Middle East and Africa Asphalt Additives Market Size, By Country, By Value, 2019–2030

Table 103    Saudi Arabia Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 104    Saudi Arabia Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 105    Saudi Arabia Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 106    UAE Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 107    UAE Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 108    UAE Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 109    Qatar Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 110    Qatar Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 111    Qatar Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 112    Kuwait Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 113    Kuwait Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 114    Kuwait Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 115    South Africa Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 116    South Africa Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 117    South Africa Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 118    Nigeria Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 119    Nigeria Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 120    Nigeria Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 121    Algeria Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 122    Algeria Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 123    Algeria Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 124    Rest of MEA Asphalt Additives Market Size, By Value (USD Billion), 2019–2030

Table 125    Rest of MEA Asphalt Additives Market Size, By Type, By Value, 2019–2030

Table 126    Rest of MEA Asphalt Additives Market Size, By Application, By Value, 2019–2030

Table 127    Nouryon Company Overview

Table 128    Nouryon Financial Overview

Table 129    Arkema Company Overview

Table 130    Arkema Financial Overview

Table 131    BASF SE Company Overview

Table 132    BASF SE Financial Overview

Table 133    Arrmaz Company Overview

Table 134    Arrmaz Financial Overview

Table 135    Grupo Dynasol Company Overview

Table 136    Grupo Dynasol Financial Overview

Table 137    Ingevity Company Overview

Table 138    Ingevity Financial Overview

Table 139    Iterchimica Company Overview

Table 140    Iterchimica Financial Overview

Table 141    MCASPHALT Company Overview

Table 142    MCASPHALT Financial Overview

Table 143    China Petroleum and Chemical Corporation Company Overview

Table 144    China Petroleum and Chemical Corporation Financial Overview

Table 145    ATDM Co. Company Overview

Table 146    ATDM Co. Financial Overview

Table 147    Cargill, Inc. Company Overview

Table 148    Cargill, Inc. Financial Overview

Table 149    Berkshire Engineering Supplies Company Overview

Table 150    Berkshire Engineering Supplies Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Asphalt Additives Market size was estimated at USD 4.03 billion in 2023.
Ans: Global Asphalt Additives Market size is expected to grow at a CAGR of 6.49% during the forecast period between 2024 and 2030.
Ans: Global Asphalt Additives Market size is expected to reach a market value of USD 6.26 billion by 2030.
Ans: Major factors driving the growth of the Global Asphalt Additives Market include rising demand for electric vehicles, advancements in charging technology, government incentives, and the need for rapid charging infrastructure.
Ans: Asia Pacific accounts for the highest market share in the Global Asphalt Additives Market.
Ans: The road construction segment accounts for the highest market share in the Global Asphalt Additives Market by application.
Ans: The polymerized asphalt cement segment accounts for the highest market share in the Global Asphalt Additives Market by type.
Ans: Key players in the Global Asphalt Additives Market include Nouryon, Arkema, BASF SE, Arrmaz, Grupo Dynasol, Ingevity, Iterchimica, MCASPHALT, China Petroleum and Chemical Corporation, ATDM Co., Cargill, Inc., and Berkshire Engineering Supplies.