Asphalt Additives Market to Receive Overwhelming Hike in Revenues by 2027

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Asphalt Additives Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Asphalt Additives Market Paving the Way for
Environmentally-Safer Infrastructure

• Carbon footprint and sustainability are magic
  words, not only for the automotive industry but
  also for an increasing number of other industrial
  verticals.
• As the environmental impact of asphalt additives
  is becoming one of the most critical criteria for
  end users, the market is likely to see a sea of
  change in term of product innovation in the
  coming years.
• The asphalt additives market is undergoing
  conspicuous transformations with the advent of
  recent advancements in warn-mix technologies,
  where asphalt is mixed with novel additives such
  as rubber, plastic, and glass.

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Asphalt Additives Market Demand to Increase for
Both, New and Aging Infrastructural Development

• As the negative impacts of the Great Recession
  are ebbing, the trends of urbanization,
  globalization, and industrialization are on the
  rise, and roads are becoming arteries to the
  modern world economy.
• The growing need for the development of new as
  well as aging and under-funded infrastructure is
  triggering the growth of the asphalt additives
  market in various geographical regions.
• The global demand for asphalt additives stood at
  2,201 kilo tons in 2018, reaching a market
  valuation of  US 3.5 billion. 

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Road Construction and Paving to Capture a
Whopping 83 Revenue Share

• Sustainability is emerging as a vital parameter
  in the road construction industry, giving rise to
  innovations in terms of types of asphalt
  additives as well as manufacturing technologies.
• Roads and highways are the reflection of the
  economic growth of any region/country, and with
  increasing urbanization, the demand for
  innovative and environmentally-friendly asphalt
  additives is likely to reach new heights in the
  road construction and paving industry.
• TMRs study estimates that, in 2019, the
  industry will account for  83 revenue share of
  the asphalt additives market.

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Key players operating in the global asphalt
additives market include

• ArrMaz
• Berkshire Engineering Supplies
• Engineered Additive LLC
• Kao Corporation
• Honeywell International Inc.
• Huntsman Corporation
• Evonik Industries

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