The Asphalt Additives Global Market Report 2023 by The Business Research Company, provides asphalt additives market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Asphalt Additives Global Market Report 2023, the market size is expected to grow from $3.62 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The asphalt additives market size is expected to grow to $5.57 billion in 2027 at a CAGR of 9.2%.
An increase in road construction projects is expected to propel the growth of the asphalt additives market. Roads play a critical role in economic development and progress, as well as providing significant social advantages and asphalt additives are used in constructing roads as it improves the quality of the road and makes it more durable.
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The asphalt additives market is segmented:
1) By Type: Polymeric Modifiers, Anti-strip And Adhesion Promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt
2) By Technology: Hot Mix, Cold Mix, Warm Mix
3) By Application: Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing
Top Major Players
Arkema SA
Arrmaz
BASF SE
Evonik Industries
Huntsman Corporation
Bio-based asphalt additives are shaping the asphalt additives market. The use of rubber in the asphalt business has shown several benefits in the pavement sector such as improved workability. For instance, in November 2021, Puma Energy International S.A., a Switzerland-based company involved in bitumen sourcing and supply partnered with Cargill, Incorporated, a US-based company that offers goods and services in the risk management, financial, industrial, agricultural, and food industries, introduced to customers in Australia the Cargill Anova product line of bio-based asphalt additives, including the Anova warm mix additive and the Anova asphalt rejuvenator. One advantage of the Anova warm mix additive is that it is a non-hazardous, vegetable-derived product.
The asphalt additives market report table of contents includes:
1. Executive Summary
2. Asphalt Pavers Market Characteristics
3. Asphalt Pavers Market Trends And Strategies
4. Asphalt Pavers Market - Macro Economic Scenario
5. Asphalt Pavers Market Size And Growth
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26. Africa Asphalt Pavers Market
27. Asphalt Pavers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asphalt Pavers Market
29. Asphalt Pavers Market Future Outlook and Potential Analysis
30. Appendix
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Asphalt Pavers Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the asphalt pavers market include Volvo CE, Caterpillar Inc., Weiler, Zoomlion Company Limited, Dynapac, Bomag GmbH, XCMG Construction Machinery Company Ltd, Sany Heavy Industries Limited, JOSEPH VÖGELE AG, Carlson and Wirtgen Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on ""Global Asphalt Pavers Market Research Report"" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/asphalt-pavers-market/download-sampleMarket DynamicsThe market is mainly driven by heavy investment in road maintenance along with rising infrastructural projects.
In addition, expanding construction activities and improvement of roads in urban and rural areas are some of the factors anticipated to fuel the growth of the market over the forecast period.
Another growth-inducing factor, including growing urbanization, consistently increasing road traffic, will require continuous construction and improvement of roads, highways in ruler, and an urban area that also influences the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Global Asphalt Pavers Market: Overview The latest Adroit Market Research study titled “Global Asphalt Pavers Market Outlook 2018-2025”, is a comprehensive analysis of the industry, reflecting a holistic market performance of major segments.The global asphalt paver market size is estimated to reach up to USD 2.0 billion by 2025 owing to the demand for technologically advance infrastructure in emerging countries.
Few asphalt paver machines are dragged by dump truck arranging the asphalt, most of the machines are self-propelled.The study covers the global asphalt pavers market value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual revenue with forecast between 2018 and 2025.
The global asphalt pavers market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics.
The value chain of the global asphalt pavers market has been analyzed in detail covering key stages in the channel.Request for sample copy of Asphalt Pavers Market report at: https://www.adroitmarketresearch.com/contacts/request-sample/731The global asphalt pavers industry has primarily been driven by demand from the rapidly expanding industrial and infrastructural sectors in the emerging economies globally.
This sustained demand is expected to continue during the forecast period between 2018 and 2025 thereby propelling global asphalt pavers market size.Increasing flow of road traffic over the highways will always be a contributing factor for witnessing a high growth in the asphalt pavers market.
The medium sized and large sized asphalt pavers being less cost efficient have multi-fold benefits as it covers large stack of areas and is used mostly on the highway road construction as compared to the small sized asphalt pavers.Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/asphalt-pavers-marketGlobal Asphalt Pavers Market Share, By Application, 2017 (%)On the basis of application, the highway segment dominated the global asphalt paver market due to increased need for proper pavement of roads with heavy traffic.
