(MENAFN- America News Hour) 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.
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The technical barriers of asphalt additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Japan and USA. The key companies in asphalt additives market include. Evonik, Kraton, DuPont, Arkema, Sinopec, LCY CHEMICAL CORP. In 2015, the demand for asphalt additives in all regions is leveling off. The demand for these products will grow steadily.
In the past few years, the price of asphalt additives decreased and we expect the price has pressure to increase in short time with new capacity released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of asphalt additives. Therefore, to some extent, the companies face the risk of profit decline.
The Asphalt Additives market is anticipated to attain appreciable returns by the end of the projected duration, as enumerated in this research study. The report elucidates that this business vertical is on its way to record a highly perceptible growth rate over the forecast timeline, and also enumerates a basic outline of this business space. The report includes important information subject to the overall valuation that this industry space presently holds, and also enlists the segmentation of the Asphalt Additives market in conjunction with the growth opportunities prevalent across this vertical.
Elucidating a generic coverage of the Asphalt Additives market report:
What are the aspects scrutinized in the research study with regards to the competitive spectrum of Asphalt Additives market?
- The Asphalt Additives market report offers a brief outline of the competitive terrain of this industry. Inclusive of Evonik, Kraton, DuPont, Arkema, Dow Chemical, Akzo Nobel, Huntsman, Berkshire Engineering Supplies, ArrMaz, Kao Corporation, Engineered Additives, BASF, Sonneborn, Honeywell, Ingevity, LUCOBIT, Sinopec , LCY CHEMICAL CORP, Jiangsu Jinyang and Zibo bridge lung, this section comprises information about the distribution parameters and the sales area as well.
- The details pertaining to every vendor – like the basic such as the company profile, the products manufactured, and a brief overview have been elucidated.
- The report concentrates on the price models, product sales, revenue accrued, as well as the profit margins.
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What are the aspects scrutinized in the research study with regards to the segmentation of the Asphalt Additives market?
- The Asphalt Additives market, with regards to the product type, is categorized into Asphalt Modifier, Antistripping agent, Asphalt emulsifier, Surfactant additives, Foam stabilizer and Others, claims the report, in addition to enumerating details about the market share which each product holds as well as the estimated valuation of the segment.
- The research report is also inclusive of details with regards to the consumption of every product as well as the sales price.
- In terms of the application terrain, the Asphalt Additives market is segregated into Road construction & paving, Roofing, Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites and and bridge decks. The market share each application holds as well as the projected remuneration of each application are also incorporated in the study.
What are the drivers & challenges of the Asphalt Additives market?
- The report has substantial data about the driving forces influencing the commercialization scope of the Asphalt Additives market and their consequences on the revenue scale of this business sphere.
- The study includes details about the latest trends proliferating the marketplace in conjunction with the challenges that this industry will present. Information regarding the market concentration ratio – including details about CR3, CR10, and CR5 over the estimated timeline has been enumerated meticulously in the Asphalt Additives market report.
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Some of the Major Highlights of TOC covers:
2019-2024 Global Asphalt Additives Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Asphalt Additives Consumption 2014-2024
2.1.2 Asphalt Additives Consumption CAGR by Region
2.2 Asphalt Additives Segment by Type
2.2.1 Asphalt Modifier
2.2.2 Antistripping agent
2.2.3 Asphalt emulsifier
2.2.4 Surfactant additives
2.2.5 Foam stabilizer
2.2.6 Others
2.3 Asphalt Additives Consumption by Type
2.3.1 Global Asphalt Additives Consumption Market Share by Type (2014-2019)
2.3.2 Global Asphalt Additives Revenue and Market Share by Type (2014-2019)
2.3.3 Global Asphalt Additives Sale Price by Type (2014-2019)
2.4 Asphalt Additives Segment by Application
2.4.1 Road construction & paving
2.4.2 Roofing
2.4.3 Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)
2.5 Asphalt Additives Consumption by Application
2.5.1 Global Asphalt Additives Consumption Market Share by Application (2014-2019)
2.5.2 Global Asphalt Additives Value and Market Share by Application (2014-2019)
2.5.3 Global Asphalt Additives Sale Price by Application (2014-2019)
3 Global Asphalt Additives by Players
3.1 Global Asphalt Additives Sales Market Share by Players
3.1.1 Global Asphalt Additives Sales by Players (2017-2019)
3.1.2 Global Asphalt Additives Sales Market Share by Players (2017-2019)
3.2 Global Asphalt Additives Revenue Market Share by Players
3.2.1 Global Asphalt Additives Revenue by Players (2017-2019)
3.2.2 Global Asphalt Additives Revenue Market Share by Players (2017-2019)
3.3 Global Asphalt Additives Sale Price by Players
3.4 Global Asphalt Additives Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Asphalt Additives Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players Asphalt Additives Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Asphalt Additives by Regions
4.1 Asphalt Additives by Regions
4.1.1 Global Asphalt Additives Consumption by Regions
4.1.2 Global Asphalt Additives Value by Regions
4.2 Americas Asphalt Additives Consumption Growth
4.3 APAC Asphalt Additives Consumption Growth
4.4 Europe Asphalt Additives Consumption Growth
4.5 Middle East & Africa Asphalt Additives Consumption Growth
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