Discover Top Posts Tagged with #sasobit additive

Popular Recent

[233 Pages] Asphalt Additives Market research report categorizes the global market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promo

The global asphalt additive market is projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8% from 2021 to 2026. An increase in road construction projects along with the growing usage of asphalt additives in roofing applications are some of the major key factors driving the growth of the asphalt additive market across the globe.

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Ingevity Corporation(US), and BASF SE (Germany) are some of the leading players operating in the asphalt additive market. These players have adopted strategies of expansions, new product developments, acquisitions, and collaboration to enhance their position in the market.

Kraton Corporation is a leading specialty chemical company that manufactures styrene block copolymers and other engineered polymers. In September 2016, Kraton Performance Polymer Inc. changed its name to Kraton Corporation. The company has operations in performance products, performance chemicals, specialty polymers, adhesives, cariflex, and tires. The company operates its business through two segments namely, Polymer and Chemical. Kraton Corporation provides asphalt additives under its polymer segment. It has a strong geographic reach across the Americas, Europe, the Middle East, Asia Pacific, and Africa with operations in over 70 countries worldwide.

Ingevity Corporation is a manufacturer of specialty chemicals and high-performance carbon materials. The specialty chemical products are used in a range of high performance applications, such as pavement technologies, oil field technologies, and industrial specialties. The company operates its business through two segments, namely, Performance Materials and Performance Chemicals. The performance materials segment offers automotive carbon products used in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats. The performance chemicals segment provides products derived from pine chemicals used in asphalt paving, oilfield technologies, and other diverse industrial specialty applications, such as adhesives, agrochemical dispersants, publication inks, lubricants, and petroleum.

[233 Pages] Asphalt Additives Market research report categorizes the global market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promo

Theasphalt additive marketis projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8% from 2021 to 2026. An increase in road construction projects along with the growing usage of asphalt additives in roofing applications are some of the major key factors driving the growth of theasphalt additive marketacross the globe.

Asphalt is a composite material used for the construction of pavements, roads, airport runways, parking lots, and bridges. Environmental damage, high load traffic, and use of low-quality construction materials lead to the deterioration of asphalt, which needs to be modified to reduce wear & tear. Asphalt additives help in improving the performance, durability, and service life of the asphalt. They also enhance the sustainability of tires, increase the braking efficiency of vehicles, and help reduce the stripping, rutting, and cracking of asphalt.

Based on application, the road construction & paving segment is expected to lead the asphalt additives market in coming years. Governments of countries such as, China, India, Malaysia, and Indonesia in the Asia Pacific region have invested in infrastructure development, which includes the construction of new highways and freeways. This has lead to the growth of the asphalt additives application segment.

Based on technology, the warm mix technology of the global asphalt additive market is expected to grow at the highest CAGR from 2019 to 2029, in terms of value. The demand from warm mix technology segment is rising due to various properties that have made it more attractive than other asphalt mixes. Less energy is needed to heat the asphalt mix, and less fuel is required to produce warm-mix asphalt. Also, it is environment-friendly as it produces fewer emissions, thus improving the working conditions at asphalt pavement sites. These properties will further increase its market share in the technology sector.

Asia Pacific, North America, and Europe are significant regional markets for asphalt additive market. Growth in the infrastructure sector of emerging economies is driving the demand for new road pavements, and consequently, the demand for asphalt additives. Various leading manufacturers of asphalt additive have adopted the strategies of expansions, new product developments, acquisitions, and collaborations to cater to the increased demand for asphalt additive from various end-use industries.

Key players operating in the global asphalt additives market are Nouryon, Arkema, BASF SE, Arrmaz Grupo Dynasol, Ingevity, Iterchimica, MCASPHALT, China Petroleum and Chemical Corporation ATDM Co., Cargill, Inc., Birkshire Engineering Supplies, Engineered Additive LLC, Kao Corporation, Honeywell International Inc., Petrochem Specialties, Huntsman International LLC, Evonik Industries AG, Sasol Ltd., Dupont De Nemours, Inc., Dow, Kraton Corporation and others

The global asphalt additive market is projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8% from 2021 to 2026. An increase in road construction projects along with the growing usage of asphalt additives in roofing applications is some of the major key factors driving the growth of the asphalt additive market across the globe.

Based on type, the rejuvenators segment is expected to grow at the highest CAGR during the forecast period, in terms of value. Increasing use of recycled materials, such as Reclaimed Asphalt Pavement (RAP) and Recycled Asphalt Shingles (RAS) in the asphalt pavements application, has resulted in the growing demand for rejuvenator asphalt additives to restore the strength and durability of aged binders. Rejuvenators are being widely used to improve properties, such as viscosity, of aging binders. The growth of this segment is due to the increased use of recycled road material for pavement application globally.

Based on technology, the warm mix technology of the global asphalt additive market is expected to grow at the highest CAGR from 2021 to 2026, in terms of value. The demand from warm mix technology segment is rising due to various properties that have made it more attractive than other asphalt mixes. Less energy is needed to heat the asphalt mix, and less fuel is required to produce warm-mix asphalt. Also, it is environment-friendly as it produces fewer emissions, thus improving the working conditions at asphalt pavement sites. These properties will further increase its market share in the technology sector.

Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Ingevity Corporation(US), and BASF SE (Germany) are some of the leading players operating in the asphalt additive market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaboration to enhance their position in the market.