Insights on the Asphalt Additives Global Market to 2030 - Introduction of Innovative Products Bode Well for Market Growth - ResearchAndMarkets.com

The "Asphalt Additives - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Asphalt Additives estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030.

Polymeric Modifiers, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Adhesion Promoters segment is readjusted to a revised 4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $898.7 Million, While China is Forecast to Grow at 7.2% CAGR

The Asphalt Additives market in the U.S. is estimated at US$898.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$966.2 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$612.7 Million by the year 2030.

Select Competitors (Total 28 Featured) -

• Akzo Nobel NV
• Arkema Group
• ArrMaz Products LP
• Dow, Inc.
• DuPont de Nemours, Inc.
• Evonik Industries AG
• Honeywell International, Inc.
• Huntsman Corporation
• Ingevity
• Kraton Corporation
• Sasol Ltd.

What's New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Asphalt Additives to Register Rapid Growth
• The Polymeric Modifiers Segment Account for Highest Growth
• Road Construction and Paving to Contribute Leading Share in the Market
• Worldwide Infrastructure Spending Estimates by Sector: 2016-2030
• Asphalt Additives - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Increase in Spending for Infrastructure Investments, Especially in Asia-Pacific Region to Bode Well for the Market
• Global Infrastructure Spending (in Trillion USD): 2006-2025
• Total Federal Spending (in Billion USD) for Asphalt Markets: 2018
• Total Asphalt Pavement Produced in the US per Annum: 2009-2018
• Recycled Asphalt to Drive Market Growth
• Asphalt Recycling Numbers in the US
• Reuse Statistics of Recycled Asphalt
• Introduction of Innovative Products Bode Well for Market Growth
• A Prelude into Supply and Demand Dynamics of Asphalt Additives
• Total Demand for Asphalt in Million Tons
• Total Asphalt Production (in Thousand Tons) in the US
• Availability of Alternative Binders for Asphalt Pavements to Slow Down Market Prospects

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9bscjw-additives?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005400/en/