Title: Asphalt Modifiers Market
1Asphalt Modifiers MarketMarket 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.
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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.
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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
- Sasol Limited.
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Asphalt Modifiers Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Asphalt-Modif
iers-Market-Research-503038
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- You Can Customize the Report as Per Your Need.
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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