The Asphalt Additive market size was valued at USD 5.15 billion in 2024 and is expected to reach USD 8.22 billion by 2032, growing at a CAGR of 6.01% over the forecast period of 2025-2032.
The asphalt additive market is gaining momentum due to the increasing demand for durable, sustainable infrastructure. Trends in the asphalt modifiers market show a growing focus on sustainable solutions, which drive the development of environmentally benign binder innovations, including bio-based rejuvenators and polymer blends, to enhance performance and longevity while minimizing required maintenance. Road construction chemicals are boosted by warm mix asphalt, facilitated by asphalt binder additives that are being promoted by asphalt additive companies. Additionally, key players in the industry are capitalizing on digital quality tools and lifecycle analysis to optimize the growth of the asphalt additive market share, and to improve project performance.
According to the National Asphalt Pavement Association, reclaimed asphalt pavement constituted 21.9% of the asphalt mixture in 2021. This temperature reduction in the average warm mix asphalt mixture (23.5 °F) will lead to a decrease in fuel consumption by 20%–35% (Federal Highway Administration [FHWA]). These evolving trends have played a prominent role in the market analysis of asphalt additives, which is poised to gain popularity worldwide in regions concentrating on sustainable and innovative development and innovation.
Drivers:
Surge in Federal Infrastructure Funding Under the Infrastructure Investment and Jobs Act Enhances Demand for Asphalt Additives
The Infrastructure Investment and Jobs Act provides more than USD 350 billion in the 2022-2026 timeframe for highways, generating demand for leading asphalt technology. There are now asphalt additive companies that have developed polymer modifiers, anti-strip agents, and rejuvenators that have demonstrated an ability to increase the longevity of pavement. These products contribute to green design, decreasing maintenance, and replacement costs. Key industry participants are entering into strategic partnerships with the state DOTs to use advanced road construction chemicals. This policy backing plays a vital role in boosting the growth of the asphalt additive market due to continued investments in long-lasting and eco-friendly materials. Public–private partnerships are driving the asphalt modifier market share in the U.S. federally funded projects.
Adoption of Warm Mix Asphalt Technologies Accelerates Sustainable Road Construction Practices
Asphalt mixtures have been developed as the use of warm-mixing technologies rises, because they can decrease emissions and energy consumption. Warm mix asphalt reduces production temperatures by 23.5°F and decreases fuel consumption by 20%–35%, according to the Federal Highway Administration. This not only creates safer work areas but also supports the green building movement. Trends in the asphalt modifiers industry are witnessing an increasing demand for chemical foaming agents and bio-based additives to improve mix performance. Asphalt additive companies are developing asphalt binder additives specifically for warm mix applications. The dynamics also reflect solid growth in the asphalt additives market, driven by sustainability targets and an expanding demand for low-temperature paving in public infrastructure.
Restraints:
Volatile Crude Oil Prices Impose Cost Uncertainties on Asphalt Additive Production
Asphalt modifiers feedstock is petrochemical-based and viscous elastic, thus susceptible to crude oil price changes. Such price fluctuations can elevate the price of rubber and polymer-modified asphalt binders, thereby undermining price stability for manufacturers and developers. However, in a higher oil price scenario, asphalt additive companies could cut investment, or even raise prices, which in turn affects procurement budgets for infrastructure projects. This volatility can be problematic for planning purposes, especially for method processes where the heating and/or cooling admixtures used are not typical mixtures. Asphalt additives, fluctuating prices of oil are volatile and unpredictable, which can affect the growth of the asphalt additive market in the case of public projects, where cost predictability is very important for approval and allocation of funding for the project.
By Type
In 2024, polymeric modifiers accounted for a dominant share of the asphalt additive market, with around 29.4% of the total market. The dominance is driven by the demand for performance additives that will enhance the durability and resistance of pavements against environmental stress. According to the National Asphalt Pavement Association, some state DOTs in the U.S. already mandate the use of polymer-modified asphalt in highway projects for durability purposes. High traffic roadways require substantial usage of these additives, thus playing an essential role in the formulation of the asphalt additive market growth and impacting strategies adopted by public procurement, owing to infrastructure modernization programs.
On the other hand, rejuvenators were the fastest-growing type of asphalt additive with an estimated CAGR of 7.85%. Rapid expansion in the use of reclaimed asphalt pavement (RAP) also drives this growth, as rejuvenators are needed to restore lost properties of aged binder. With over 99% of RAP reused in the U.S. asphalt mixes and reported by the National Asphalt Pavement Association, the trend in sustainability continues. With great emphasis on recycling and the bottom-line impact from the contractor/franchise perspective, rejuvenators are starting to get traction as they find their place in the asphalt additive market analysis and long-term material planning.
By Technology
The hot mix technology dominated the asphalt additive market and accounted for a 55.6% share in 2024. The dominance is attributed to the use in government-funded road construction, with the Federal Highway Administration encouraging it. Hot mix has a track record of long-term performance and can be used in almost any climate and traffic load. Alliances on Public sector investments for infrastructure, particularly in the U.S. Infrastructure Investment and Jobs Act, have acted as a key driver for the uptake of hot mix, taking market share from cementing asphalt additives and positioning hot mix to be part of the road construction strategy.
Warm mix asphalt was the largest segment in 2024, and that will grow at a CAGR of 6.73%. The growth is fueled by benefits, such as reduced production temperatures and fuel savings linked to environmental and operational advantages. Warm mix, as we know from the Federal Highway Administration, also minimizes fuel consumption by within 35% and increases workability. These efficiencies pertain to federal emission targets and green building initiatives and may even drive uptake. Therefore, warm mix has become an important part of the asphalt additive market trends and sustainable infrastructure.
By Application
Road construction & paving dominated in 2024, accounting for 50.6% of the overall market volume. This dominance is due to the increasing investment in public road networks in the U.S., especially with the passage of the Infrastructure Investment and Jobs Act. The U.S. Department of Transportation identifies substantial funding distribution for the reconstruction and expansion of highways as propelling the market for durable asphalt product demand. This policy-driven rally is aiding asphalt additive producers in positioning road construction as a vital segment driving the growth of the asphalt additive market.
The roofing application emerged as the fastest-growing segment with the highest CAGR of 6.67%. The rising need for weather-resistant and energy-efficient roofing materials has influenced the use of asphalt additives across residential and commercial spaces. The use of asphalt-based roofing products continues to grow in the urban roofing sector because of their performance and cost benefits, the group says. This movement is being underpinned by energy code changes and green building certification programs, turning roofing into one of the principal growth factors of the asphalt additive market industry trends.
In 2024, Asia Pacific dominated the asphalt additive market, accounting for 39.7% market share due to rampant urbanization and highway construction in India and China. China's Five-Year Plan is seeing the rapid development of smart transport corridors, notes the Asian Development Bank. List of Asphalt Additive manufacturers in Asia, who can produce monsoon-proof Road Construction Chemical products, with associations with agencies for road construction. In Japan and South Korea, the use of warm mix asphalt offers environmentally friendly infrastructure options. China is the global market leader, spending over 150 billion dollars a year on roads and high-speed rail, requiring asphalt binder additives and polymeric modifiers, hence, APAC continues to dominate the asphalt additive market.
North America emerged as the fastest-growing region with the highest CAGR of 6.83% in the forecast period of 2025-2032. The U.S. is the leading country in the region in terms of market revenues, with USD 875.53 million and a CAGR of 6.71%, spending over USD 100 billion on roads and bridges on an annual basis under the Infrastructure Investment and Jobs Act. The National Asphalt Pavement Association boasts a 99% recycle rate for the reclaimed asphalt pavement product, and the Federal Highway Administration highlights warm mix asphalt’s environmental benefits. Rehabilitation programs override demand for polymeric modifiers in Canada. Asphalt additive producers are committing to a range of road construction chemicals focused on climate resilience and pavement durability, underscoring North America’s toward sustainable infrastructure and asphalt binder additive innovation.
Europe accounted for 19.4%, following Asia Pacific and North America. Strong investment in cross-border highway projects, supported by the European Union’s (EU) Connecting Europe Facility, and increased road rehabilitation budgets in Germany and France, as per Eurostat, have led to demand for polymeric modifiers and anti-strip agents. The Eurovia Group (EAPA) has strong focuses on sustainable road constructions products, which also forces the important asphalt additives companies to produce low-VOC emulsifiers, meeting EU elaborated directives. Both the UK. and Italy are using WMA systems with special asphalt binder additives to cut GHG and to extend pavement life.
The major asphalt additive market competitors include Dow, BASF SE, Evonik Industries AG, Kraton Corporation, Honeywell International Inc., Arkema SA, Huntsman Corporation, Ingevity Corporation, Nouryon, and Sasol Ltd.
In May 2025, the Advanced Carbon Council reported that biochar used as an asphalt additive generated its first carbon credit under a U.S.-recognized offset program, validating its environmental benefits in pavement applications.
In February 2024, Shrieve Chemical announced the launch of its organic asphalt additives in the European market, focusing on bio-based solutions to support sustainable and environmentally responsible road construction practices.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD 5.15 billion |
| Market Size by 2032 | USD 8.22 billion |
| CAGR | CAGR of 6.01% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Polymeric Modifiers, Anti-strip and adhesion promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt, Others) •By Technology (Hot Mix, Cold Mix, Warm Mix) •By Application (Road Construction & Paving, Roofing, Airport Construction, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Dow, BASF SE, Evonik Industries AG, Kraton Corporation, Honeywell International Inc., Arkema SA, Huntsman Corporation, Ingevity Corporation, Nouryon, Sasol Ltd. |
The asphalt additive market is projected to reach USD 8.22 billion by 2032, driven by rising demand for eco-friendly road construction chemicals and modifiers.
Polymeric modifiers dominated the asphalt additive market with a 29.4% share in 2024 due to their superior flexibility and rut resistance in harsh climates.
Warm mix asphalt led growth in the asphalt additive market with a 6.73% CAGR, supported by FHWA data showing a 20–35% reduction in fuel consumption.
Major asphalt additive market companies include Dow, BASF, Kraton, Evonik, Honeywell, Ingevity, Arkema, Nouryon, Huntsman, and Sasol, all driving innovation.
North America was the fastest-growing region in the asphalt additive market, supported by 99% RAP reuse and U.S. warm mix asphalt initiatives.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Polymer Modifier Consumption by Region
5.2 Performance Enhancement in Modified Asphalt
5.3 Comparison of Additive Lifespan Efficiency
5.4 Government Regulations Impact Analysis
5.5 Lifecycle Cost Analysis with Additives
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Asphalt Additive Market Segmentation by Type
7.1 Chapter Overview
7.2 Polymeric Modifiers
7.2.1 Polymeric Modifiers Market Trends Analysis (2021-2032)
7.2.2 Polymeric Modifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Anti-strip and adhesion promoters
7.3.1 Anti-strip and adhesion promoters Market Trends Analysis (2021-2032)
7.3.2 Anti-strip and adhesion promoters Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Emulsifiers
7.4.1 Emulsifiers Market Trends Analysis (2021-2032)
7.4.2 Emulsifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Chemical Modifiers
7.5.1 Chemical Modifiers Market Trends Analysis (2021-2032)
7.5.2 Chemical Modifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Rejuvenators
7.6.1 Rejuvenators Market Trends Analysis (2021-2032)
7.6.2 Rejuvenators Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Fibers
7.7.1 Fibers Market Trends Analysis (2021-2032)
7.7.2 Fibers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Flux Oil
7.8.1 Flux Oil Market Trends Analysis (2021-2032)
7.8.2 Flux Oil Market Size Estimates and Forecasts to 2032 (USD Billion)
7.9 Colored Asphalt
7.9.1 Colored Asphalt Market Trends Analysis (2021-2032)
7.9.2 Colored Asphalt Market Size Estimates and Forecasts to 2032 (USD Billion)
7.10 Others
7.10.1 Others Market Trends Analysis (2021-2032)
7.10.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Asphalt Additive Market Segmentation by Technology
8.1 Chapter Overview
8.2 Hot Mix
8.2.1 Hot Mix Market Trend Analysis (2021-2032)
8.2.2 Hot Mix Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Cold Mix
8.3.1 Cold Mix Market Trends Analysis (2021-2032)
8.3.2 Cold Mix Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Warm Mix
8.4.1 Warm Mix Market Trends Analysis (2021-2032)
8.4.2 Warm Mix Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Asphalt Additive Market Segmentation by Application
9.1 Chapter Overview
9.2 Road Construction & Paving
9.2.1 Road Construction & Paving Market Trends Analysis (2021-2032)
9.2.2 Road Construction & Paving Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Roofing
9.3.1 Roofing Market Trends Analysis (2021-2032)
9.3.2 Roofing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Airport Construction
9.4.1 Airport Construction Market Trends Analysis (2021-2032)
9.4.2 Airport Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Others
9.5.1 Others Market Trends Analysis (2021-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Asphalt Additive Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.2.3 North America Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.2.4 North America Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.2.5 North America Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.2.6.2 USA Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.2.6.3 USA Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.2.7.2 Canada Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.2.7.3 Canada Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.2.8.2 Mexico Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.2.8.3 Mexico Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3 Europe
10.3.1 Trends Analysis
10.3.2 Eastern Europe Asphalt Additive Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.3.3 Eastern Europe Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.4 Eastern Europe Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.5 Eastern Europe Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.6 Germany
10.3.6.1 Germany Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.6.2 Germany Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.6.3 Germany Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.7 France
10.3.7.1 France Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.7.2 France Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.7.3 France Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.8 UK
10.3.8.1 UK Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.8.2 UK Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.8.3 UK Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.9 Italy
10.3.9.1 Italy Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.9.2 Italy Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.9.3 Italy Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.10 Spain
10.3.10.1 Spain Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.10.2 Spain Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.10.3 Spain Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.11 Poland
10.3.11.1 Poland Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.11.2 Poland Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.11.3 Poland Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.12 Turkey
10.3.12.1 Turkey Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.12.2 Turkey Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.12.3 Turkey Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.13 Rest of Europe
10.3.13.1 Rest of Europe Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.3.13.2 Rest of Europe Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.3.13.3 Rest of Europe Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.4.3 Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.4 Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.5 Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.6.2 China Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.6.3 China Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.7.2 India Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.7.3 India Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.8.2 Japan Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.8.3 Japan Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.9.2 South Korea Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.9.3 South Korea Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.10 Singapore
10.4.10.1 Singapore Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.10.2 Singapore Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.10.3 Singapore Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.11 Australia
10.4.11.1 Australia Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.11.2 Australia Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.11.3 Australia Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.12 Rest of Asia Pacific
10.4.12.1 Rest of Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.4.12.2 Rest of Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.4.12.3 Rest of Asia Pacific Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Trends Analysis
10.5.2 Middle East Asphalt Additive Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.5.3 Middle East Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.4 Middle East Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.5.5 Middle East Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.6 UAE
10.5.6.1 UAE Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.6.2 UAE Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.5.6.3 UAE Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.7 Saudi Arabia
10.5.7.1 Saudi Arabia Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.7.2 Saudi Arabia Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.5.7.3 Saudi Arabia Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.8 Qatar
10.5.8.1 Qatar Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.8.2 Qatar Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.5.8.3 Qatar Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.9 South Africa
10.5.9.1 South Africa Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.9.2 South Africa Asphalt Additive Market Estimates and Forecasts by Technology (2021-2032) (USD Billion)
10.5.9.3 South Africa Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.10 Rest of Middle East & Africa
10.5.10.1 Rest of Middle East & Africa Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.5.10.2 Rest of Middle East & Africa Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.5.10.3 Rest of Middle East & Africa Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Asphalt Additive Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.6.3 Latin America Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.6.4 Latin America Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.6.5 Latin America Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.6.6.2 Brazil Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.6.6.3 Brazil Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.6.7.2 Argentina Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.6.7.3 Argentina Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Asphalt Additive Market Estimates and Forecasts, by Type (2021-2032) (USD Billion)
10.6.8.2 Rest of Latin America Asphalt Additive Market Estimates and Forecasts, by Technology (2021-2032) (USD Billion)
10.6.8.3 Rest of Latin America Asphalt Additive Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
11. Company Profiles
11.1 Dow
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 BASF SE
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 Evonik Industries AG
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Kraton Corporation
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 Honeywell International Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 Arkema SA
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Huntsman Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Ingevity Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 Nouryon
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 Sasol Ltd.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Polymeric Modifiers
Anti-strip and adhesion promoters
Emulsifiers
Chemical Modifiers
Rejuvenators
Fibers
Flux Oil
Colored Asphalt
Others
By Technology
Hot Mix
Cold Mix
Warm Mix
By Application
Road Construction & Paving
Roofing
Airport Construction
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players