The global Asphalt Additives market size is predicted to grow from US$ 3565 million in 2025 to US$ 4342 million in 2031; it is expected to grow at a CAGR of 3.3% from 2025 to 2031.
Asphalt additive refers to a substance that is added to asphalt mixtures to improve their performance and durability. These additives can enhance the properties of asphalt such as its adhesion, elasticity, resistance to cracking and weathering, and reduce the amount of rutting and oxidation. These additives are typically organic or inorganic materials, polymers, or chemicals dissolved in a solvent. The type and amount of chemical additives used depend on the specific application and the properties desired in the asphalt mixture.
The global key manufacturers of Asphalt Additive include LCY, Ingevity, Arkema, Sinopec, Kraton, Nouryon, Sibur, Dynasol, Kao Corporation, Evonik, etc. In 2022, the global top 10 players had a share approximately 41.0% in terms of revenue.
Market Drivers:
The growing demand for better quality and durable asphalt in the construction industry. Asphalt chemical additives are used to enhance the performance and properties of asphalt, such as increasing its resistance to wear and tear, reducing its susceptibility to cracking and rutting, and improving its stability in high-traffic areas.
The increasing use of asphalt for the construction of new roads, highways, and buildings in developing countries is also expected to drive the growth of this market. Moreover, the shift towards sustainable and eco-friendly construction practices is expected to create opportunities for biobased additives in the asphalt chemical additive market.
Restraint:
Fluctuating raw material prices: Key asphalt chemical additive SBS are primarily derived from Styrene and Butadiene. The fluctuation of raw material prices in global markets has a direct impact on the Asphalt chemical additive market.
The Asphalt chemical additive market has to comply with various environmental regulations to minimize environmental impact. Meeting regulatory norms has become a crucial challenge that the manufacturers face.
The Asphalt chemical additive market is characterized by intense competition amongst the manufacturers. Companies have to continuously innovate their products and meet the customers' needs to stay ahead of their competitors.
Opportunity:
The growing demand for polymer modified asphalt (PMA). PMA is an elastomeric binder that provides superior properties compared to conventional asphalt. It improves the durability, flexibility, and resistance to cracking, rutting, and ageing. The increasing demand for PMA in road construction and roofing is expected to drive the market growth.
The shift towards sustainable and eco-friendly asphalt additives. The use of bio-based asphalt additives such as vegetable oils, cellulose fibers, and lignin-based materials is gaining popularity due to their environmental benefits and improved performance properties.
The growing focus on infrastructure development and repairing old roads and highways, particularly in emerging economies, is expected to boost the demand for asphalt chemical additives. The increasing investment in smart city projects, public-private partnerships, and other initiatives is expected to further drive the market growth.
The 鈥淎sphalt Additives Industry Forecast鈥� looks at past sales and reviews total world Asphalt Additives sales in 2024, providing a comprehensive analysis by region and market sector of projected Asphalt Additives sales for 2025 through 2031. With Asphalt Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Asphalt Additives industry.
This Insight Report provides a comprehensive analysis of the global Asphalt Additives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Asphalt Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Asphalt Additives market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Asphalt Additives and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Asphalt Additives.
This report presents a comprehensive overview, market shares, and growth opportunities of Asphalt Additives market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Asphalt Modifier
Antistripping Agent
Asphalt Emulsifier
Recycled Additives
Medium Temperature Modifiers
Others
Segmentation by Application:
Road Paving
Asphalt Concrete Repair
Roofing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
LCY
Sinopec
Kraton
Dynasol
Sibur
Evonik
Arkema
Cargill
Nouryon
Ingevity
Kao Corporation
Sasol
BASF
Honeywell
LUCOBIT
Dow
Key Questions Addressed in this Report
What is the 10-year outlook for the global Asphalt Additives market?
What factors are driving Asphalt Additives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Asphalt Additives market opportunities vary by end market size?
How does Asphalt Additives break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Asphalt Additives Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Asphalt Additives by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Asphalt Additives by Country/Region, 2020, 2024 & 2031
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 Recycled Additives
2.2.5 Medium Temperature Modifiers
2.2.6 Others
2.3 Asphalt Additives Sales by Type
2.3.1 Global Asphalt Additives Sales Market Share by Type (2020-2025)
2.3.2 Global Asphalt Additives Revenue and Market Share by Type (2020-2025)
2.3.3 Global Asphalt Additives Sale Price by Type (2020-2025)
2.4 Asphalt Additives Segment by Application
2.4.1 Road Paving
2.4.2 Asphalt Concrete Repair
2.4.3 Roofing
2.4.4 Other
2.5 Asphalt Additives Sales by Application
2.5.1 Global Asphalt Additives Sale Market Share by Application (2020-2025)
2.5.2 Global Asphalt Additives Revenue and Market Share by Application (2020-2025)
2.5.3 Global Asphalt Additives Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Asphalt Additives Breakdown Data by Company
3.1.1 Global Asphalt Additives Annual Sales by Company (2020-2025)
3.1.2 Global Asphalt Additives Sales Market Share by Company (2020-2025)
3.2 Global Asphalt Additives Annual Revenue by Company (2020-2025)
3.2.1 Global Asphalt Additives Revenue by Company (2020-2025)
3.2.2 Global Asphalt Additives Revenue Market Share by Company (2020-2025)
3.3 Global Asphalt Additives Sale Price by Company
3.4 Key Manufacturers Asphalt Additives Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Asphalt Additives Product Location Distribution
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) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Asphalt Additives by Geographic Region
4.1 World Historic Asphalt Additives Market Size by Geographic Region (2020-2025)
4.1.1 Global Asphalt Additives Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Asphalt Additives Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Asphalt Additives Market Size by Country/Region (2020-2025)
4.2.1 Global Asphalt Additives Annual Sales by Country/Region (2020-2025)
4.2.2 Global Asphalt Additives Annual Revenue by Country/Region (2020-2025)
4.3 Americas Asphalt Additives Sales Growth
4.4 APAC Asphalt Additives Sales Growth
4.5 Europe Asphalt Additives Sales Growth
4.6 Middle East & Africa Asphalt Additives Sales Growth
5 Americas
5.1 Americas Asphalt Additives Sales by Country
5.1.1 Americas Asphalt Additives Sales by Country (2020-2025)
5.1.2 Americas Asphalt Additives Revenue by Country (2020-2025)
5.2 Americas Asphalt Additives Sales by Type (2020-2025)
5.3 Americas Asphalt Additives Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Asphalt Additives Sales by Region
6.1.1 APAC Asphalt Additives Sales by Region (2020-2025)
6.1.2 APAC Asphalt Additives Revenue by Region (2020-2025)
6.2 APAC Asphalt Additives Sales by Type (2020-2025)
6.3 APAC Asphalt Additives Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Asphalt Additives by Country
7.1.1 Europe Asphalt Additives Sales by Country (2020-2025)
7.1.2 Europe Asphalt Additives Revenue by Country (2020-2025)
7.2 Europe Asphalt Additives Sales by Type (2020-2025)
7.3 Europe Asphalt Additives Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Asphalt Additives by Country
8.1.1 Middle East & Africa Asphalt Additives Sales by Country (2020-2025)
8.1.2 Middle East & Africa Asphalt Additives Revenue by Country (2020-2025)
8.2 Middle East & Africa Asphalt Additives Sales by Type (2020-2025)
8.3 Middle East & Africa Asphalt Additives Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Asphalt Additives
10.3 Manufacturing Process Analysis of Asphalt Additives
10.4 Industry Chain Structure of Asphalt Additives
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Asphalt Additives Distributors
11.3 Asphalt Additives Customer
12 World Forecast Review for Asphalt Additives by Geographic Region
12.1 Global Asphalt Additives Market Size Forecast by Region
12.1.1 Global Asphalt Additives Forecast by Region (2026-2031)
12.1.2 Global Asphalt Additives Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Asphalt Additives Forecast by Type (2026-2031)
12.7 Global Asphalt Additives Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 LCY
13.1.1 LCY Company Information
13.1.2 LCY Asphalt Additives Product Portfolios and Specifications
13.1.3 LCY Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 LCY Main Business Overview
13.1.5 LCY Latest Developments
13.2 Sinopec
13.2.1 Sinopec Company Information
13.2.2 Sinopec Asphalt Additives Product Portfolios and Specifications
13.2.3 Sinopec Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Sinopec Main Business Overview
13.2.5 Sinopec Latest Developments
13.3 Kraton
13.3.1 Kraton Company Information
13.3.2 Kraton Asphalt Additives Product Portfolios and Specifications
13.3.3 Kraton Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Kraton Main Business Overview
13.3.5 Kraton Latest Developments
13.4 Dynasol
13.4.1 Dynasol Company Information
13.4.2 Dynasol Asphalt Additives Product Portfolios and Specifications
13.4.3 Dynasol Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Dynasol Main Business Overview
13.4.5 Dynasol Latest Developments
13.5 Sibur
13.5.1 Sibur Company Information
13.5.2 Sibur Asphalt Additives Product Portfolios and Specifications
13.5.3 Sibur Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Sibur Main Business Overview
13.5.5 Sibur Latest Developments
13.6 Evonik
13.6.1 Evonik Company Information
13.6.2 Evonik Asphalt Additives Product Portfolios and Specifications
13.6.3 Evonik Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Evonik Main Business Overview
13.6.5 Evonik Latest Developments
13.7 Arkema
13.7.1 Arkema Company Information
13.7.2 Arkema Asphalt Additives Product Portfolios and Specifications
13.7.3 Arkema Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Arkema Main Business Overview
13.7.5 Arkema Latest Developments
13.8 Cargill
13.8.1 Cargill Company Information
13.8.2 Cargill Asphalt Additives Product Portfolios and Specifications
13.8.3 Cargill Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Cargill Main Business Overview
13.8.5 Cargill Latest Developments
13.9 Nouryon
13.9.1 Nouryon Company Information
13.9.2 Nouryon Asphalt Additives Product Portfolios and Specifications
13.9.3 Nouryon Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Nouryon Main Business Overview
13.9.5 Nouryon Latest Developments
13.10 Ingevity
13.10.1 Ingevity Company Information
13.10.2 Ingevity Asphalt Additives Product Portfolios and Specifications
13.10.3 Ingevity Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Ingevity Main Business Overview
13.10.5 Ingevity Latest Developments
13.11 Kao Corporation
13.11.1 Kao Corporation Company Information
13.11.2 Kao Corporation Asphalt Additives Product Portfolios and Specifications
13.11.3 Kao Corporation Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Kao Corporation Main Business Overview
13.11.5 Kao Corporation Latest Developments
13.12 Sasol
13.12.1 Sasol Company Information
13.12.2 Sasol Asphalt Additives Product Portfolios and Specifications
13.12.3 Sasol Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Sasol Main Business Overview
13.12.5 Sasol Latest Developments
13.13 BASF
13.13.1 BASF Company Information
13.13.2 BASF Asphalt Additives Product Portfolios and Specifications
13.13.3 BASF Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 BASF Main Business Overview
13.13.5 BASF Latest Developments
13.14 Honeywell
13.14.1 Honeywell Company Information
13.14.2 Honeywell Asphalt Additives Product Portfolios and Specifications
13.14.3 Honeywell Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Honeywell Main Business Overview
13.14.5 Honeywell Latest Developments
13.15 LUCOBIT
13.15.1 LUCOBIT Company Information
13.15.2 LUCOBIT Asphalt Additives Product Portfolios and Specifications
13.15.3 LUCOBIT Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 LUCOBIT Main Business Overview
13.15.5 LUCOBIT Latest Developments
13.16 Dow
13.16.1 Dow Company Information
13.16.2 Dow Asphalt Additives Product Portfolios and Specifications
13.16.3 Dow Asphalt Additives Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Dow Main Business Overview
13.16.5 Dow Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
