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)

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
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
Global Asphalt Additives Market Marketing Strategies
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)
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
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
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
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
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
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.)
Impact of Escalating Geopolitical Tensions on Global Asphalt Additives Market
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
Key Strategic Recommendations
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):

1. What is the current market size of Global Asphalt Additives Market?

Ans: Global Asphalt Additives Market size was estimated at USD 4.03 billion in 2023.

2. What is the expected CAGR of Global Asphalt Additives Market during the forecast period?

Ans: Global Asphalt Additives Market size is expected to grow at a CAGR of 6.49% during the forecast period between 2024 and 2030.

3. What is the forecast value of the Global Asphalt Additives Market size by 2030?

Ans: Global Asphalt Additives Market size is expected to reach a market value of USD 6.26 billion by 2030.

4. What are the major factors driving the growth of Global Asphalt Additives Market?

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.

5. Which is the dominant region in the Global Asphalt Additives Market?

Ans: Asia Pacific accounts for the highest market share in the Global Asphalt Additives Market.

6. Which application segment holds 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.

7. Which is the leading segment in the Global Asphalt Additives Market by type?

Ans: The polymerized asphalt cement segment accounts for the highest market share in the Global Asphalt Additives Market by type.

8. Name the key players in Global Asphalt Additives Market.

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.

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Asphalt Additives Market

Report Overview

Market Segmentation

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