Title: Asphalt Modifiers Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
1Asphalt 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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