Asphalt Additives Market Regional Analysis

Why Asphalt Additive Providers Should Invest in Asia Pacific?

Rapidly surging investments in infrastructure development on the back of growing industrialization and urbanization are slated to cement the dominance of this region. Expansion of road networks, availability of raw materials, and supportive government initiatives to promote additive production and adoption are other factors helping bolster the high share of Asia Pacific.

Asphalt Additives Market in China

China emerges as the largest country in the Asia Pacific region for asphalt additives suppliers in the future. Substantial investments in the development of extensive road transport networks and emphasis on adoption of durable asphalt solutions are estimated to create new business scope in the country.

• As per the 14th Five-Year Plan, China had plans of spending around USD 30 billion on infrastructure projects in Tibet for the period of 2021 to 2025. Tibet is expected to have 1300 km of expressways and total of over 1,20,000 km of highways in 2025.

Asphalt Additives Market in India

Rapid economic growth of India is expected to be the underlying factor to promote the sales of asphalt additives in the country. The launch of new infrastructure projects by the government and the need for frequent road repairs due to damage in monsoons are slated to keep up a continual demand for asphalt additives in the country. Moisture-resistant and anti-stripping additives to improve pavement performance are slated to be popular in India.

How Will Asphalt Additive Demand Evolve in Europe?

Sustainability is expected to be a key differentiating factor for asphalt additives companies looking to make a mark in the European region. Launch of new government initiatives to promote infrastructure development and create smart cities are also forecasted to boost the sales of asphalt additives over the coming years. It is estimated that around 90% of roads in Europe are resurfaced using asphalt thereby driving the adoption of asphalt additives as well.

Asphalt Additives Market in Germany

Germany is known for its popular Autobahn highway network, which uses high-performance polymer-modified asphalt with superior weather resistance that can only be created using additives. Increasing adoption of circular economy practices in the country is also estimated to bolster the demand for additives such as rejuvenators, anti-aging additives, and sustainable bitumen modifiers going forward.

Asphalt Additives Market in United Kingdom

High emphasis on sustainability is forecasted to help promote the use of warm mix technologies to create asphalt additives in the United Kingdom. Growing investments in the development of smart cities and the need for smart roads with better attributes are also estimated to create new opportunities for asphalt additives suppliers operating in the country.

Should Asphalt Additive Providers Target North America?

Surging demand for high-quality and durable pavements along with the presence of extensive highway networks in the region are helping boost sales of asphalt additives going forward. Aging road infrastructure requiring upgradation and frequent repair are also estimated to bolster the adoption of asphalt additives in North American countries.

Asphalt Additives Market in United States

Robust investments of the government in the development of new road infrastructure and launch of road rehabilitation projects are slated to help this country hold sway over others. Growing climate concerns in the country have bolstered the demand for high-performance asphalt resistant to extreme temperatures, requiring advanced additives like polymer modifiers.

Asphalt Additives Market in Canada

Harsh winter and cold climate in Canada cause pavement cracking and pothole formation, which increases the demand for polymer-modified asphalt (PMA) and anti-stripping additives to improve durability. High demand for climate-resilient road infrastructure coupled with growing emphasis on improving sustainability of infrastructure development are also expected to expand the business scope for asphalt additives companies.