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Global Asphalt Additives Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Asphalt Additives Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Asphalt Modifier
    • 1.3.3 Antistripping Agent
    • 1.3.4 Asphalt Emulsifier
    • 1.3.5 Recycled Additives
    • 1.3.6 Medium Temperature Modifiers
    • 1.3.7 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Asphalt Additives Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Road Paving
    • 1.4.3 Asphalt Concrete Repair
    • 1.4.4 Roofing
    • 1.4.5 Other
  • 1.5 Global Asphalt Additives Market Size & Forecast
    • 1.5.1 Global Asphalt Additives Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Asphalt Additives Sales Quantity (2020-2031)
    • 1.5.3 Global Asphalt Additives Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 LCY
    • 2.1.1 LCY Details
    • 2.1.2 LCY Major Business
    • 2.1.3 LCY Asphalt Additives Product and Services
    • 2.1.4 LCY Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 LCY Recent Developments/Updates
  • 2.2 Sinopec
    • 2.2.1 Sinopec Details
    • 2.2.2 Sinopec Major Business
    • 2.2.3 Sinopec Asphalt Additives Product and Services
    • 2.2.4 Sinopec Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Sinopec Recent Developments/Updates
  • 2.3 Kraton
    • 2.3.1 Kraton Details
    • 2.3.2 Kraton Major Business
    • 2.3.3 Kraton Asphalt Additives Product and Services
    • 2.3.4 Kraton Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Kraton Recent Developments/Updates
  • 2.4 Dynasol
    • 2.4.1 Dynasol Details
    • 2.4.2 Dynasol Major Business
    • 2.4.3 Dynasol Asphalt Additives Product and Services
    • 2.4.4 Dynasol Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Dynasol Recent Developments/Updates
  • 2.5 Sibur
    • 2.5.1 Sibur Details
    • 2.5.2 Sibur Major Business
    • 2.5.3 Sibur Asphalt Additives Product and Services
    • 2.5.4 Sibur Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Sibur Recent Developments/Updates
  • 2.6 Evonik
    • 2.6.1 Evonik Details
    • 2.6.2 Evonik Major Business
    • 2.6.3 Evonik Asphalt Additives Product and Services
    • 2.6.4 Evonik Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Evonik Recent Developments/Updates
  • 2.7 Arkema
    • 2.7.1 Arkema Details
    • 2.7.2 Arkema Major Business
    • 2.7.3 Arkema Asphalt Additives Product and Services
    • 2.7.4 Arkema Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Arkema Recent Developments/Updates
  • 2.8 Cargill
    • 2.8.1 Cargill Details
    • 2.8.2 Cargill Major Business
    • 2.8.3 Cargill Asphalt Additives Product and Services
    • 2.8.4 Cargill Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Cargill Recent Developments/Updates
  • 2.9 Nouryon
    • 2.9.1 Nouryon Details
    • 2.9.2 Nouryon Major Business
    • 2.9.3 Nouryon Asphalt Additives Product and Services
    • 2.9.4 Nouryon Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Nouryon Recent Developments/Updates
  • 2.10 Ingevity
    • 2.10.1 Ingevity Details
    • 2.10.2 Ingevity Major Business
    • 2.10.3 Ingevity Asphalt Additives Product and Services
    • 2.10.4 Ingevity Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Ingevity Recent Developments/Updates
  • 2.11 Kao Corporation
    • 2.11.1 Kao Corporation Details
    • 2.11.2 Kao Corporation Major Business
    • 2.11.3 Kao Corporation Asphalt Additives Product and Services
    • 2.11.4 Kao Corporation Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Kao Corporation Recent Developments/Updates
  • 2.12 Sasol
    • 2.12.1 Sasol Details
    • 2.12.2 Sasol Major Business
    • 2.12.3 Sasol Asphalt Additives Product and Services
    • 2.12.4 Sasol Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Sasol Recent Developments/Updates
  • 2.13 BASF
    • 2.13.1 BASF Details
    • 2.13.2 BASF Major Business
    • 2.13.3 BASF Asphalt Additives Product and Services
    • 2.13.4 BASF Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 BASF Recent Developments/Updates
  • 2.14 Honeywell
    • 2.14.1 Honeywell Details
    • 2.14.2 Honeywell Major Business
    • 2.14.3 Honeywell Asphalt Additives Product and Services
    • 2.14.4 Honeywell Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Honeywell Recent Developments/Updates
  • 2.15 LUCOBIT
    • 2.15.1 LUCOBIT Details
    • 2.15.2 LUCOBIT Major Business
    • 2.15.3 LUCOBIT Asphalt Additives Product and Services
    • 2.15.4 LUCOBIT Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 LUCOBIT Recent Developments/Updates
  • 2.16 Dow
    • 2.16.1 Dow Details
    • 2.16.2 Dow Major Business
    • 2.16.3 Dow Asphalt Additives Product and Services
    • 2.16.4 Dow Asphalt Additives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Dow Recent Developments/Updates

3 Competitive Environment: Asphalt Additives by Manufacturer

  • 3.1 Global Asphalt Additives Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Asphalt Additives Revenue by Manufacturer (2020-2025)
  • 3.3 Global Asphalt Additives Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Asphalt Additives by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Asphalt Additives Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Asphalt Additives Manufacturer Market Share in 2024
  • 3.5 Asphalt Additives Market: Overall Company Footprint Analysis
    • 3.5.1 Asphalt Additives Market: Region Footprint
    • 3.5.2 Asphalt Additives Market: Company Product Type Footprint
    • 3.5.3 Asphalt Additives Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Asphalt Additives Market Size by Region
    • 4.1.1 Global Asphalt Additives Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Asphalt Additives Consumption Value by Region (2020-2031)
    • 4.1.3 Global Asphalt Additives Average Price by Region (2020-2031)
  • 4.2 North America Asphalt Additives Consumption Value (2020-2031)
  • 4.3 Europe Asphalt Additives Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Asphalt Additives Consumption Value (2020-2031)
  • 4.5 South America Asphalt Additives Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Asphalt Additives Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Asphalt Additives Sales Quantity by Type (2020-2031)
  • 5.2 Global Asphalt Additives Consumption Value by Type (2020-2031)
  • 5.3 Global Asphalt Additives Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Asphalt Additives Sales Quantity by Application (2020-2031)
  • 6.2 Global Asphalt Additives Consumption Value by Application (2020-2031)
  • 6.3 Global Asphalt Additives Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Asphalt Additives Sales Quantity by Type (2020-2031)
  • 7.2 North America Asphalt Additives Sales Quantity by Application (2020-2031)
  • 7.3 North America Asphalt Additives Market Size by Country
    • 7.3.1 North America Asphalt Additives Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Asphalt Additives Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Asphalt Additives Sales Quantity by Type (2020-2031)
  • 8.2 Europe Asphalt Additives Sales Quantity by Application (2020-2031)
  • 8.3 Europe Asphalt Additives Market Size by Country
    • 8.3.1 Europe Asphalt Additives Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Asphalt Additives Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Asphalt Additives Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Asphalt Additives Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Asphalt Additives Market Size by Region
    • 9.3.1 Asia-Pacific Asphalt Additives Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Asphalt Additives Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Asphalt Additives Sales Quantity by Type (2020-2031)
  • 10.2 South America Asphalt Additives Sales Quantity by Application (2020-2031)
  • 10.3 South America Asphalt Additives Market Size by Country
    • 10.3.1 South America Asphalt Additives Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Asphalt Additives Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Asphalt Additives Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Asphalt Additives Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Asphalt Additives Market Size by Country
    • 11.3.1 Middle East & Africa Asphalt Additives Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Asphalt Additives Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Asphalt Additives Market Drivers
  • 12.2 Asphalt Additives Market Restraints
  • 12.3 Asphalt Additives Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Asphalt Additives and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Asphalt Additives
  • 13.3 Asphalt Additives Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Asphalt Additives Typical Distributors
  • 14.3 Asphalt Additives Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Asphalt Additives market size was valued at US$ 3645 million in 2024 and is forecast to a readjusted size of USD 4516 million by 2031 with a CAGR of 3.1% during review period.
    Asphalt additive refers to a substance that is added to asphalt mixtures to improve their performance and durability. These additives can enhance the properties of asphalt such as its adhesion, elasticity, resistance to cracking and weathering, and reduce the amount of rutting and oxidation. These additives are typically organic or inorganic materials, polymers, or chemicals dissolved in a solvent. The type and amount of chemical additives used depend on the specific application and the properties desired in the asphalt mixture.
    The global key manufacturers of Asphalt Additive include LCY, Ingevity, Arkema, Sinopec, Kraton, Nouryon, Sibur, Dynasol, Kao Corporation, Evonik, etc. In 2022, the global top 10 players had a share approximately 41.0% in terms of revenue.
    Market Drivers:
    The growing demand for better quality and durable asphalt in the construction industry. Asphalt chemical additives are used to enhance the performance and properties of asphalt, such as increasing its resistance to wear and tear, reducing its susceptibility to cracking and rutting, and improving its stability in high-traffic areas.
    The increasing use of asphalt for the construction of new roads, highways, and buildings in developing countries is also expected to drive the growth of this market. Moreover, the shift towards sustainable and eco-friendly construction practices is expected to create opportunities for biobased additives in the asphalt chemical additive market.
    Restraint:
    Fluctuating raw material prices: Key asphalt chemical additive SBS are primarily derived from Styrene and Butadiene. The fluctuation of raw material prices in global markets has a direct impact on the Asphalt chemical additive market.
    The Asphalt chemical additive market has to comply with various environmental regulations to minimize environmental impact. Meeting regulatory norms has become a crucial challenge that the manufacturers face.
    The Asphalt chemical additive market is characterized by intense competition amongst the manufacturers. Companies have to continuously innovate their products and meet the customers' needs to stay ahead of their competitors.
    Opportunity:
    The growing demand for polymer modified asphalt (PMA). PMA is an elastomeric binder that provides superior properties compared to conventional asphalt. It improves the durability, flexibility, and resistance to cracking, rutting, and ageing. The increasing demand for PMA in road construction and roofing is expected to drive the market growth.
    The shift towards sustainable and eco-friendly asphalt additives. The use of bio-based asphalt additives such as vegetable oils, cellulose fibers, and lignin-based materials is gaining popularity due to their environmental benefits and improved performance properties.
    The growing focus on infrastructure development and repairing old roads and highways, particularly in emerging economies, is expected to boost the demand for asphalt chemical additives. The increasing investment in smart city projects, public-private partnerships, and other initiatives is expected to further drive the market growth.
    This report is a detailed and comprehensive analysis for global Asphalt Additives market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Asphalt Additives market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
    Global Asphalt Additives market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
    Global Asphalt Additives market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
    Global Asphalt Additives market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Asphalt Additives
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Asphalt Additives market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include LCY, Sinopec, Kraton, Dynasol, Sibur, Evonik, Arkema, Cargill, Nouryon, Ingevity, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Asphalt Additives market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Asphalt Modifier
    Antistripping Agent
    Asphalt Emulsifier
    Recycled Additives
    Medium Temperature Modifiers
    Others
    Market segment by Application
    Road Paving
    Asphalt Concrete Repair
    Roofing
    Other
    Major players covered
    LCY
    Sinopec
    Kraton
    Dynasol
    Sibur
    Evonik
    Arkema
    Cargill
    Nouryon
    Ingevity
    Kao Corporation
    Sasol
    BASF
    Honeywell
    LUCOBIT
    Dow
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Asphalt Additives product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Asphalt Additives, with price, sales quantity, revenue, and global market share of Asphalt Additives from 2020 to 2025.
    Chapter 3, the Asphalt Additives competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Asphalt Additives breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Asphalt Additives market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Asphalt Additives.
    Chapter 14 and 15, to describe Asphalt Additives sales channel, distributors, customers, research findings and conclusion.

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