Asphalt Modifiers Market 2028 By Type, Application, Technology and Geography | The Insight Partners

MARKET INTRODUCTION

Asphalt or bitumen are the highly viscous liquid or semi-solid form of petroleum which is black and sticky. Asphalt modifiers are the additives which are added in the asphalt to improve the quality, temperature resistance, etc. These asphalt modifiers possess the property of an adhesive which helps in good aggregate-asphalt binder adhesion. It is used for construction industries for various purposes chemical modifiers, rejuvenators, emulsifiers, etc.

MARKET DYNAMICS

The global asphalt modifiers market is growing at a significant pace owing to driving factors such as increasing demand from infrastructure sector due to its rigid properties. Furthermore, increased usage in asphalt modifiers in roofing applications is likely to drive the demand for asphalt modifiers s in the coming years. However, increased usage of the mixture of bioasphalt and concrete as a substitute is projected to hinder the growth of asphalt modifiers market. Likewise, development and commercialization of environment friendly recyclable asphalt may provide a lucrative opportunity for the market players in the near future.

MARKET SCOPE

The "Global Asphalt Modifiers Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the asphalt modifiers market with detailed market segmentation by type, application, technology and geography. The global asphalt modifiers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading asphalt modifiers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global asphalt modifiers market is segmented on the basis of type, application and technology. On the basis of type, the asphalt modifiers market is segmented into, polymeric modifiers,anti-strip and adhesion promoters, emulsifiers, rejuvenators, chemical modifiers, fibers, flux oil, colored asphalt and others. On the basis of application, the market is bifurcated into, road construction and paving, roofing, airport construction and others. Based on technology, the global asphalt modifiers market is segmented into, hot mix, cold mix and warm mix.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global asphalt modifiers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The asphalt modifiers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the asphalt modifiers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the asphalt modifiers market in these regions.

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MARKET PLAYERS

The reports cover key developments in the asphalt modifiers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from asphalt modifiers market are anticipated to lucrative growth opportunities in the future with the rising demand for asphalt modifiers in the global market. Below mentioned is the list of few companies engaged in the asphalt modifiers market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the asphalt modifiers market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.

• Arkema SA
• Arrmaz 
• BASF Corporation
• Dupont De Nemours Inc.
• Honeywell International Inc.
• Huntsman Corporation
• Ingevity Corporation
• Kraton Corporation
• Nouryon
• Sasol Limited 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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