Asphalt Additives Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to asphalt additives market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Asphalt Additives Market News

  • In December 2024, Sripath Technologies, a leading chemical company in the United States known for its expertise in asphalt announced the launch of a new warm mix additive called PHALANX®. The new additive is used to improve compaction of hot asphalt mixes and PMB mixes while allowing for the reduction of both compaction and production temperatures.
  • In February 2024, Shrieve, a renowned chemical supplier and distributor announced the launch of new asphalt additives for the European market. The company entered Europe with the launch of PROGILINE® ECO-T range showcasing its commitment to deliver highly sustainable products that align with Europe’s efforts to reduce emissions and promote sustainability. The new range consists of three new organic asphalt additives.
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Global Asphalt Additives Market size was valued at USD 6 Billion in 2023 and is poised to grow from USD 6.29 Billion in 2024 to USD 9.15 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).

Asphalt additive providers should focus on enhancing the sustainability of their offerings to maximize business scope. Emerging economies with high construction activities such as Brazil, China, and India are slated to witness high sales of asphalt additives through 2032. Investing in R&D of cold mix additives is slated to be highly lucrative as per this global asphalt additives market analysis. 'ARKEMA GROUP', 'Ingevity', 'Kraton Corporation', 'SASOL', 'Honeywell International Inc.', 'Akzo Nobel N.V.', 'Nouryon', 'Tri-Chem Specialty Chemicals LLC', 'KAO Corporation', 'Evonik Industries AG', 'Huntsman International LLC'

Growing traffic and increasing variations in climate around the world have led to a major upsurge in demand for highly durable roads. Polymer additives, such as styrene-butadiene-styrene (SBS) and ethylene-vinyl acetate (EVA), improve asphalt elasticity, resistance to rutting, and cracking under extreme temperatures. Canada, Russia, and the Middle East are key markets for asphalt additives suppliers going forward.

Adoption of Recycled Asphalt and Circular Economy Initiatives: Asphalt additive companies should focus on targeting the sustainability trend to stay relevant in the long run. Governments and construction companies are incorporating rejuvenators and bio-based additives to restore aged asphalt and improve its performance. The shift toward circular economy practices aims to minimize waste and lower raw material consumption thereby making this an indispensable asphalt additives market trend for the future.

Why Asphalt Additive Providers Should Invest in Asia Pacific?

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Global Asphalt Additives Market
Asphalt Additives Market

Report ID: SQMIG15E2681

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