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Asphalt Modifiers Market Trend 2020 – Covid-19 Impact to Showing Impressive Growth by 2024 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

Asphalt

Global “Asphalt Modifiers Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Asphalt Modifiers in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Asphalt Modifiers Market report categorizes the market based on manufacturers, regions, type and application. Asphalt Modifiers Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Asphalt Modifiers Market report categorizes the market based on manufacturers, regions, type, and application. Asphalt Modifiers Market reports offer a detailed assessment of the Asphalt Modifiers including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Asphalt Modifiers Market:-

  • Akzo Nobel N.V.
  • CECA (Arkema Group)
  • ArrMaz
  • BASF SE
  • Cargill Inc.
  • DowDupont
  • Engineered Additives LLC
  • Evonik Industries Corporation
  • ExxonMobil Chemical
  • Genan Holding A/S
  • Honeywell International Inc.
  • Kao Corporation
  • Kraton Performance Polymers Inc.
  • McAsphalt Industries Limited
  • Sasol Ltd.

The Global Asphalt Modifiers market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global asphalt modifiers market is expected to witness a CAGR of 6.73%, during the forecasted period, 2018-2023. The major factors driving the growth of the market are high-traffic-volume, heavy loads on roads and highways, economic slowdown resulting in deferred infrastructure maintenance, growing emphasis on meeting super-pave asphalt binder specifications, increased pavement work-life, and reduced MRO cost advantages.

High Traffic Volume and Heavier Loads on Roadways

High traffic volume and heavier loads on roads is expected to drive the global asphalt modifier market in recent years. Over 1.3 billion vehicles are operational around the world. This number is expected to double in the next 25 years. This alarming rate of growth in the number of vehicles calls for improved safety measures on roads that are treaded by numerous vehicles for transporting heavy goods and other travelling purposes. In the past 10 to 15 years, the volume of traffic, loads, and tire pressures have increased substantially, which is likely to cause increased rutting and cracking of the roads.

The two major ways to ensure safety is to control the formation of potholes and by increasing the skid resistance of vehicles while in operation. Asphalt modifiers help improve the asphalt binder’s stiffness at normal service temperatures to increase rut resistance, while decreasing its stiffness at low temperatures to improve its resistance to thermal cracking. These properties help in building roads with lesser rutting, that last longer and can take higher loads. They deliver long-term resilience and climate resistance to the various asphalt applications. These advancements help in reducing the frequency of maintenance activities, thereby, saving the public/private expenditure in the long run.

Increasing Demand for Paving

Asphalt concrete mixture has been an important construction material for roads, airport runways, taxiways, bicycle paths, etc. Modifiers, such as binder modifiers and aggregate modifiers are used to improve the performance of asphalt pavements, in terms of increased resistance to pavement distresses, such as thermal cracking, rutting, stripping etc., thereby, prolonging the service life.

In the recent years, the global demand for asphalt modifiers has been witnessing above average growth. The demand for asphalt modifiers has a direct correlation with the level of ongoing road construction activities around the world. The gradual changes in the way mobility and transportation are consumed is expected to witness over the coming decades. By 2030, annual passenger traffic is expected to exceed 80 trillion passenger-kilometers- approximately a 50% increase from 2016, global freight volumes is likely to grow by 70% and an additional 1.2 billion cars are expected to be on the road by 2050. Therefore, to meet the additional demand, improvements in road transport network and up-gradation activities of highway infrastructure is expected to witness during the forecast period, thereby the demand for asphalt modifiers.

Growing Demand for Fillers Asphalt Modifiers

Filler asphalt modifiers play a significant role in the performance and the characteristics of asphalt concrete mixture. The addition of fillers influences the workability of the asphalt, and, in turn, alters its visco-elastic properties for delivering better performance.

Fillers are mainly used as asphalt additives because of their ability to increase the resistance of aggregates within the mix matrix. The types of materials used as modifiers include dust from crushing and screening of aggregates, slaked lime, carbon black, fly ash, Portland cement, and other mineral fillers. The use of these materials, particularly carbon black, is beneficial to the durability, the wear resistance and the temperature susceptibility of the mix. In roofing application, in the manufacturing process of roofing shingles or other rooftop products, fillers are mixed with asphalt before applying it as a coat.

Hence, growing demand for filler asphalt modifiers are expected to drive the market over the forecast period.

Major Players: AkzoNobel, Arkema, BASF SE, DowDuPont, Evonik, Cargill, and Honeywell International, amongst others.

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The global Asphalt Modifiers market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Asphalt Modifiers Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Asphalt Modifiers Market:
March 2018: Eurovia strengthens its position in France, particularly in Auvergne-Rhône-Alpes and Occitanie, with the acquisition of two public works companies, SER Groupe and Groupe Robert

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This Asphalt Modifiers Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Asphalt Modifiers? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Asphalt Modifiers Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Asphalt Modifiers Market? What Was Capacity, Production Value, Cost and PROFIT of Asphalt Modifiers Market?
  • What Is Current Market Status of Asphalt Modifiers Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Asphalt Modifiers Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Asphalt Modifiers Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Asphalt Modifiers Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Asphalt Modifiers Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Asphalt Modifiers Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Asphalt Modifiers Industry?

Reason to purchase this ReportAnalyzing various perspectives of the market with the help of Porter’s five forces analysisApplication that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentifying the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in excel)

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Finally, the report Global Asphalt Modifiers Market 2020 describes the Asphalt Modifiers industry expansion game plan, the Asphalt Modifiers industry knowledge supply, appendix, analysis findings, and the conclusion.

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