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WILMINGTON, Del. , Sept. 28, 2022 /PRNewswire/ -- Commonly used as waterproofing materials in roofing applications, the products and solutions in global asphalt additives market enhance the performance as well as quality of roofs in non-residential and residential constructions. Their increasing popularity can be attributed to various benefits they offer, including low cost of materials, high versatility, and easy installation. A recent professional intelligence report projects that the global asphalt additives market will expand at a CAGR of 6% over the forecast period of 2021 to 2031.
Some of the key applications for the products in the global asphalt additives market include harbor and sea works, including dam facings and reservoir and canal lining, as well as construction, including floor tiling, waterproofing, roof coating, and soundproofing. Rising demand for polymer additives in roofing applications is anticipated to further the growth of the global asphalt additives market. Key asphalt products used in roofing applications include bitumen modified membranes, asphalt roll roofing, asphalt shingles, and built-up asphalt roofing.
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Polymer additives offered by the market players are used to enhance the performance and quality of roofing in non-residential and residential constructions. They offer various benefits, including elongation, resistance to wear and shocks, elastic recovery, and enhanced thermoplastic characteristics. Their ability to withstand extreme ranges of temperature also aids in their rapid adoption in global asphalt additives market. Some other key types of products and solutions offered by market players are fiber additives, adhesion promoters or anti-stripping agents, anti-icing agents, waxes, oils and powders, antioxidants, emulsifiers, and additives enhanced with graphene.
Asphalt Additives Market – Key Findings of the Report
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Asphalt Additives Market – Growth Drivers
Asphalt Additives Market – Key Players
Leading companies operating in the global asphalt additives market include Arrmax, Ingevity, MCASPHALT, ATDM Co., Birkshire Engineering Supplies, Kao Corporation, Petrochem Specialities, Evonik Industries AG, Dupont de Nemours, Inc., Kraton Corporation, Nouryon, BASF SE, Grupo Dynasol, Interchimica, China Petroleum and Chemical Corporation, Honeywell International LLC, and Huntsman International LLC, among others.
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Asphalt Additives Market, by Technology
Asphalt Additives Market, by Type
Asphalt Additives Market, by Application
Asphalt Additives Market, by Region
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