Title: Asphalt Modifiers Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
1Asphalt Modifiers MarketMarket 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.
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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
- Asia-Pacific region held the largest share of
more than 40 in the asphalt modifiers market in
2020 and is growing at a CAGR of 6.4 during
2021-2026, because of the central government's
drive for infrastructure spending as a way of
maintaining economic development the road and
highway construction industry has grown rapidly.
The Asia-Pacific government's substantial
expansion of road infrastructure to withstand the
expanding manufacturing and service sectors has
contributed to significant growth in the road
construction sector in recent years.
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- Asphalt Modifiers Market Industry Outlook
- Arrmaz, Arkema SA
- BASF Corporation
- Honeywell International Inc.
- Huntsman Corporation
- Kao Corporation
- Ingevity Corporation
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Asphalt Modifiers Market - Forecast(2021 -
2026) Learn More About the Report _at_
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