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Published Date: 2015-11-03Number of Pages: 180

Asphalt Additives Market by Technology (Hot/Warm Mix and Cold Mix) for Road Construction & Paving, Roofing and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Asphalt additives are substances added to asphalt to modify characteristic properties of the asphalt binder. Key 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 usability of asphalt in roads, pavements, airfields, and parking lots constructed of asphalt. Usage of additives overcomes this shortcoming of asphalt. 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 reduces the maintenance cost of asphalt-constructed structures. 

Asphalt additives are of different types. However, primarily used varieties are asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt. Polymer additives are categorized into two types: plastomers (plastics) and elastomers (rubbers). Elastomers are generally used in hot and cold road construction and paving applications. Elastomers enhance tensile strength, strain recovery, temperature susceptibility, adhesion, and cohesion properties of asphalt. On the other hand, plastomeric polymers are useful to impart low strain tensile strength, high modulus, and temperature susceptibility. Asphalt rubber additives are added to asphalt by both cold mix and hot & warm technology. Different types, grades, and sizes of rubber additives are used depending on the modifications required. Styrene-butadiene rubber is the most widely used rubber asphalt additive. Chemical modifiers that are used as asphalt additives generally include ant stripping agents, extender oils, strong acids, and strong bases. Usage of additives in asphalt is increasing substantially especially due to increasing popularity of warm mix asphalt technology.

Hot mix & warm mix additives and cold mix additives are two major technologies implemented in the asphalt additives market. However, implementation of hot mix & warm mix additives technology dominates the market. Extensive usage of hot mix technology in developing regions and increasing popularity of warm mix technology in developed economies are expected to drive growth of hot mix & warm mix additives during the forecast period.

In terms of demand, road construction & paving is the major application segment of the asphalt additives market, accounting for over 80% share in 2014. However, roofing is another application segment of the asphalt additives market. This segment is projected to experience steady growth during the forecast period due to increase in the number of nuclear homes in North America and Europe. 

Asia Pacific was the largest regional market in terms of demand and accounted for over 30% share of the global asphalt additives market in 2014. Middle East & Africa is likely to be the fastest-growing regional segment of the asphalt additives market in the next few years. The buoyant construction industry in the Middle East & Africa is anticipated to witness strong growth due to increase in expenditure on construction activities. This is projected to chiefly drive the asphalt additives market in the near future.

Moderate degree of backward integration is observed in the asphalt additives value chain. There exist large number of equally balanced competitors with strong brands and competitive market share. Key market players include ArrMaz, Arkema Group, Akzo Nobel N.V., Kraton, Kao Corporation, Honeywell International Inc., Evonik Industries AG, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Berkshire Engineering Supplies, Huntsman Corporation, Engineered Additives, LLC, and Terex (E.A.) Ltd.

asphalt-additives-market

 

Chapter 1 Preface
1.1 Report Description
1.2 Research Scope & Assumptions
1.3 Market Segmentation
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Asphalt Additives Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
2.2 Global Asphalt Additives: Market Snapshot  

Chapter 3 Asphalt Additives Market– Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
      3.3.1 Increasing expenditure on construction in MEA to augment demand for asphalt additives 
      3.3.2 Increase road construction activities to boost demand for asphalt additives during the forecast period
3.4 Restraints
      3.4.1 Asphalt alternatives likely to hamper the growth of the asphalt additives market
3.5 Opportunity
      3.5.1 Rising application scope of polymer modified asphalt (PMA) is anticipated to increase demand for asphalt additives
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining Power of Suppliers
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat of Substitutes
      3.6.4 Threat of New Entrants
      3.6.5 Degree of Competition
3.7 Asphalt Additives Market Attractiveness Analysis, 2014

Chapter 4 Price Trend Analysis
4.1 Asphalt Additives: Global Price Trends, 2014-2023

Chapter 5 Asphalt Additives Market – Technology Analysis
5.1 Global Asphalt Additives Market: Technology Overview 
5.2 Asphalt Additives Market: By Technology
      5.2.1 Global Asphalt Additives Market Market for Hot Mix & Warm Mix Additives, 2014 – 2023 (Kilo Tons) (US$ Mn)
      5.2.2 Global Asphalt Additives Market Market for Cold Mix Additives, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 6 Asphalt Additives Market - Application Analysis
6.1 Asphalt Additives Market: Application Overview
6.2 Asphalt Additives Market: By Application
      6.2.1 Global Asphalt Additives Market for Road Construction and Paving, 2014–2023 (Kilo Tons) (US$ Mn)
      6.2.2 Global Asphalt Additives Market for Roofing, 2014–2023 (Kilo Tons) (US$ Mn)
      6.2.3 Global Asphalt Additives Market for Others, 2014–2023 (Kilo Tons) (US$ Mn)

Chapter 7 Asphalt Additives Market - Regional Analysis
7.1 Global Asphalt Additives Market: Regional Overview
7.2 North America
      7.2.1 North America Asphalt Additives Market: By Technology
      7.2.2 North America Asphalt Additives Market: By Application
      7.2.3 U.S. Asphalt Additives Market: By Technology
      7.2.4 U.S. Asphalt Additives Market: By Application
      7.2.5 Rest of North America Asphalt Additives Market: By Technology
      7.2.6 Rest of North America Asphalt Additives Market: By Application
7.3 Europe
      7.3.1 Europe Asphalt Additives Market: By Technology
      7.3.2 Europe Asphalt Additives Market: By Application
      7.3.3 Germany Asphalt Additives Market: By Technology
      7.3.4 Germany Asphalt Additives Market: By Application
      7.3.5 Turkey Asphalt Additives Market: By Technology
      7.3.6 Turkey Asphalt Additives Market: By Application
      7.3.7 U.K. Asphalt Additives Market: By Technology
      7.3.8 U.K. Asphalt Additives Market: By Application
      7.3.9 France Asphalt Additives Market: By Technology
      7.3.10 France Asphalt Additives Market: By Application
      7.3.11 Italy Asphalt Additives Market: By Technology
      7.3.12 Italy Asphalt Additives Market: By Application
      7.3.13 Rest of Europe Asphalt Additives Market: By Technology
      7.3.14 Rest of Europe Asphalt Additives Market: By Application
7.4 Asia Pacific
      7.4.1 Asia Pacific Asphalt Additives Market: By Technology
      7.4.2 Asia Pacific Asphalt Additives Market: By Application
      7.4.3 China Pacific Asphalt Additives Market: By Technology
      7.4.4 China Pacific Asphalt Additives Market: By Application
      7.4.5 India Asphalt Additives Market: By Technology
      7.4.6 India Asphalt Additives Market: By Application
      7.4.7 ASEAN Pacific Asphalt Additives Market: By Technology
      7.4.8 ASEAN Pacific Asphalt Additives Market: By Application
      7.4.9 Rest of Asia Pacific Asphalt Additives Market: By Technology
      7.4.10 Rest of Asia Pacific Asphalt Additives Market: By Application
7.5 Latin America
      7.5.1 Latin America Asphalt Additives Market: By Technology
      7.5.2 Latin America Asphalt Additives Market: By Application
      7.5.3 Brazil Asphalt Additives Market: By Technology
      7.5.4 Brazil Asphalt Additives Market: By Application
      7.5.5 Rest of Latin America Asphalt Additives Market: By Technology
      7.5.6 Rest of Latin America Asphalt Additives Market: By Application
7.6 Middle East & Africa
      7.6.1 Middle East & Africa Asphalt Additives Market: By Technology
      7.6.2 Middle East & Africa Asphalt Additives Market: By Application
      7.6.3 GCC Asphalt Additives Market: By Technology
      7.6.4 GCC Asphalt Additives Market: By Application
      7.6.5 South Africa Asphalt Additives Market: By Technology
      7.6.6 South Africa Asphalt Additives Market: By Application
      7.6.7 Rest of Middle East & Africa Asphalt Additives Market: By Technology
      7.6.8 Rest of Middle East & Africa Asphalt Additives Market: By Application

Chapter 8 Company Profiles
8.1 Evonik Industries Corporation 
8.2 E. I. du Pont de Nemours and Company 
8.3 The Dow Chemical Company
8.4 Akzo Nobel N.V.
8.5 Honeywell International Inc.
8.6 Huntsman Corporation
8.7 Berkshire Engineering Supplies
8.8 Engineered Additives LLC
8.9 Terex East Africa Ltd.
8.10 Kao Corporation
8.11 Arkema Inc.
8.12 ArrMaz
8.13 Kraton Performance Polymers, Inc.

Chapter 9 Primary Research – Key Findings

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.

This report provides detailed analysis and forecast of the asphalt additives market on a global and regional level from 2015 to 2023. On the global level, the market has been segmented based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023.Demand for asphalt additives has been forecast in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023 to provide in-depth understanding of the market at the regional level. The report includes drivers and restraints coupled with their impact on the market growth during the forecast period. Furthermore, the study encompasses various opportunities for growth of the market at the global and regional level.

The report thoroughly analyzes the value chain to provide detailed understanding of the market. Additionally, it covers Porter’s Five Forces Model, which offers an insight into the intensity of competition in the market. The study also comprises market attractiveness analysis, wherein various technologies are benchmarked based on their market size, growth rate, and general attractiveness.

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of our research efforts coupled with extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trade, Internet sources, trade associations, and statistical data from government websites as well as associated and authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights, and recognizing opportunities and growth.

Inflation is not a part of pricing in this report. This report provides the size of the asphalt additives market for 2014 and forecast for the next eight years. The global market size of asphalt additives is presented in terms of volume and revenue. Market volume and revenue have been estimated and forecast in kilo tons and US$ Mn, respectively. Various key technologies and applications are taken into consideration to estimate market numbers. Market size and forecast for each segment are provided in the context of global and regional markets. The market has been segmented based on various applications. Each segment has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. Additionally, segments have been analyzed and forecast based on current trends at the global and regional level. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Demand has been analyzed and forecast based on current trends for the next eight years.

The report includes profiles of leading companies such as ArrMaz, Arkema Group, Kao Corporation, Honeywell International Inc., E. I. du Pont de Nemours and Company, The Dow Chemical Company, Berkshire Engineering Supplies, Huntsman Corporation, and Engineered Additives.

The report segments the global asphalt additives market as follows:

Asphalt Additives Market - Technology Analysis

  • Hot/warm mix
  • Cold mix

Asphalt Additives Market - Application Analysis

  • Road construction & paving
  • Roofing
  • Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)

Asphalt Additives Market: Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Germany
    • Turkey
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa