Asphalt Additive Market worth $6.3 billion by 2029 | CAGR of 5.7%

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The report "Asphalt Additive Market by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt), Application, Technology – Global Forecast to 2029". Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

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Asphalt Additive Market worth $6.3 billion by 2029 :

Asphalt Additive Market worth $6.3 billion by 2029 View Full Report : https://www.marketsandmarkets.com/Market-Reports/asphalt-additive-market-156734514.html The report  " Asphalt Additive Market  by Type (Polymeric Modifiers, Anti-Strip & Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers , Flux Oil, Colored Asphalt), Application, Technology – Global Forecast to 2029"  The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.

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Recent Developments In FY 2018, Nouryon (Netherlands) invested USD 302.4 million in R&D activities to expand its product portfolio. In 2018, the company launched an asphalt additive Wetfix G400. This is an eco-friendly asphalt additive which can work with both, normal and polyphosphoric acid modified binders. This product finds application in construction and paving applications . In February 2018, Sasol Limited (South Africa) celebrated the completion of the expansion of USD 1.13 billion Fischer- Tropsch Wax Expansion Project (FTWEP) in South Africa. The plant is operated under Sasol Performance Chemicals. The plant offers hard waxes, medium waxes, liquid paraffin, and waxy oils for various industrial applications, including hot-melt adhesives, polyvinyl chloride processing, and asphalt applications. The plant is expected to have a production capacity of 137,000 tons per year. This expansion aims at strengthening the position of the company in the South Africa asphalt additives market. View Full Report : https://www.marketsandmarkets.com/Market-Reports/asphalt-additive-market-156734514.html

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Nouryon (Netherlands), DowDuPont (US), Arkema SA (France), Honeywell International Inc. (US), Evonik Industries (Germany), Huntsman Corporation (US), Kraton Corporation (US), Sasol Limited (South Africa), Ingevity Corporation(US), Arrmaz (US), BASF SE (Germany), Kao Corporation (Japan) are some of the leading players operating in the asphalt additives market. These players have adopted the strategies of expansions, new product developments, acquisitions, and collaborations to enhance their position in the market . Key Participants View Full Report : https://www.marketsandmarkets.com/Market-Reports/asphalt-additive-market-156734514.html Speak with Analyst

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The Asia-Pacific region was the largest market for asphalt additives in 2018, owing to the increasing demand for asphalt additives products in developing economies, such as India and China. China is the leading consumer of asphalt additives products in the Asia-Pacific region. The considerable growth and innovation, along with industry consolidations, is expected to drive the growth of the Asia-Pacific asphalt additives market . On The Basis Of Region : Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/asphalt-additive-market-156734514.html

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