Asphalt Modifiers Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

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Asphalt Modifiers Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021 - 2026
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• Asphalt modifiers market size is forecast to
  reach US4.8 billion by 2026, after growing at a
  CAGR of 5.7 during 2021-2026.
• This growth is attributed to the accelerating
  demand of adhesion promoters, flux oil, crumb
  rubber, polyurethane resin, and phenolic resin
  based asphalt modifiers from the boosting
  infrastructure sector due to its rigid
  properties. In addition, the increased use of
  asphalt modifiers in roofing applications is also
  expected to drive the need for asphalt modifiers
  during the forecast period.
• Increased use of the bio asphalt mixture and
  concrete as a replacement, however, is expected
  to impede the development of the demand for
  adhesion promoters, flux oil, crumb rubber,
  polyurethane resin, and phenolic resin based
  asphalt

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• Key Takeaways
• Asia-Pacific dominates the asphalt modifiers
  market, owing to the increasing road construction
  activities in APAC countries. For instance, road
  work worth Rs. 30000 crore (US4.0 billion) is
  under construction in Bihar, India. A total of
  Rs. 4600 crore (US621.8 million) has been set
  aside as reimbursement for land acquisitions.
• During the forecast period, high traffic volume
  and heavier loads on roadways, deferred
  infrastructure maintenance, emphasis on meeting
  super-save design specifications, enhanced
  pavement work-life, and decreased MRO cost
  benefits are expected to drive market demand.

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By Distribution Channel- Segment Analysis The
warm mix asphalt segment held a significant share
in the asphalt modifiers market in 2020 and is
growing at a CAGR of 6.1 during 2021-2026. Due
to growing concern about environmental issues
such as global warming and carbon footprint, the
asphalt industry's incentive to minimize
greenhouse gas emissions has increased. This has
prompted the development of Warm Mix Asphalt
(WMA) and related technologies, which aim to
reduce greenhouse gas emissions by lowering
asphalt mix mixing and compaction temperatures.
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• Asphalt Modifiers Market Industry Outlook 
• Arrmaz
• Arkema SA
• BASF Corporation
• Honeywell International Inc
• Huntsman Corporation
• Kao Corporation
• Ingevity Corporation
• Kraton Corporation
• Nouryon
• Dupont De Nemours Inc

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Asphalt Modifiers Market - Industry Analysis,
Market Size, Share, Trends, Application Analysis,
Growth And Forecast 2021 - 2026 Learn More About
the Report _at_ https//www.industryarc.com/Resear
ch/Asphalt-Modifiers-Market-Research-503038
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• Analyst Briefing
• Data Tables
• Key Contacts
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