Asphalt Modifiers Market - 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 modifiers. 

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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 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. WMA has grown in favour
as a result of the environmental benefits it
provides without sacrificing the asphalt mix's
qualities, performance, or quality.
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• Asphalt Modifiers
  Market Outlook 
•  Arrmaz
• Arkema SA
• BASF Corporation
• Honeywell International Inc
• Huntsman Corporation
• Kao Corporation
• Ingevity Corporation
• Kraton Corporation
• Nouryon
• Dupont De Nemours Inc
• and Sasol Limited

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Asphalt Modifiers Market
- Forecast 2021 - 2026 Learn More About the
Report _at_ https//www.industryarc.com/Research/A
sphalt-Modifiers-Market-Research-503038
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• Analyst Briefing
• Data Tables
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