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  4. > Global Asphalt Modifiers Market - Segmented by Application, Constituent, and Geography - Trends and Forecasts (2015-2020)

The Global Asphalt Modifiers market is estimated to be valued at USD XX.XX million in 2015, and it is expected to grow at a CAGR of ~6.20% to reach USD XX.XX million by 2020. Asphalt modifiers, a type of construction material, are added to asphalt or asphalt concrete to prevent the degradation and weakening of asphalt-based pavements and roofs, primarily from high temperature permanent deformation, low temperature thermal cracking, and load-associated fatigue cracking; thereby, providing the constructors/end-users with reduced maintenance costs and longer pavement lifetime advantages. Asphalt modifiers are also used to prevent the aforementioned structures from damages from aging and stripping.

Asphalt modifiers are primarily added to asphalt concrete or asphalt, while it’s being used in repair and new construction activities in various construction areas. In the market report, we have considered the following major modified asphalt application areas: paving, roofing, and others. The market has also been divided according to the modifier type into physical modifiers, chemical modifiers, fibers, adhesion improvers, extenders, fillers, antioxidants, anti-strip modifiers, and others. The market in the physical modifiers segment have been further sub-segmented into plastics, rubbers, and others. The physical modifiers segment accounted for the majority of consumption in the global asphalt modifiers market in 2015.

This market is driven by a number of factors, such as the current high traffic volume and heavier loads on roads and highways, economic slowdown resulting in deferred infrastructure maintenance, and the growing emphasis on meeting Supersave design specifications. However, this market faces certain drawbacks, primarily the high initial cost for using modified asphalt cement and the occupational health hazards regarding asphalt.

The market has also been geographically segmented on the basis of consumption into Asia-Pacific, North America, Europe, South America, and MEA. The regions have further been bifurcated into countries. Asia-pacific is the current leader in the world for asphalt modifiers, and is expected to grow at a CAGR of XX.XX% during the forecast period. China led the market in the aforementioned region in 2014, owing to the increased focus by the Chinese government on infrastructure development.

The increasing preference for HMA (Hot Mix Asphalt) as a replacement for replacement of traditional concrete, the growing emphasis on incorporating nanotechnology in asphalt modification (Nano-clay), and the development of Bio-renewable modifiers, are expected to offer major growth opportunities for the players in the global Asphalt Modifiers market. The major producers mentioned in the report include Akzo Nobel, Arkema, ArrMaz, BASF, Cargill, DuPont, Engineered Additives, Eurovia Services, Evonik Industries, ExxonMobil Chemical, Genan Holding, Honeywell International, Kao Corporation, Kraton Performance Polymers, McAsphalt Industries Limited, PQ Corporation, Romonta GmbH, Sasol, and The Dow Chemical Company,.

Key Deliverables in the Study

Market analysis for the Global Asphalt Modifiers Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Asphalt Modifiers market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Table Of Contents

Global Asphalt Modifiers Market - Segmented by Application, Constituent, and Geography - Trends and Forecasts (2015-2020)
1. Introduction

1.1 Description

1.2 Research Methodology

2. Executive Summary

3. Global Asphalt Market

4. Global Asphalt Modifiers Market

4.1 Overview

4.2 Industry Value Chain Analysis

4.3 Regulatory Policy

4.4 Industry Attractiveness - Porter's 5 Force Analysis

5. Market Dynamics

5.1 Drivers

5.1.1 High Traffic Volume and Heavier Loads

5.1.2 Deferred Infrastructure Maintenance

5.1.3 Emphasis on Meeting Supersave Design Specifications

5.1.4 Increased Pavement Work-life and Reduced MRO Cost Advantages

5.2 Restraints

5.2.1 High Initial Cost for Using Modified Asphalt Cement

5.2.2 Occupation Health Hazards Regarding Asphalt

5.3 Opportunities

5.3.1 Increasing Preference for HMA (Hot Mix Asphalt)

5.3.2 Growing Popularity of Reclaimed Asphalt Pavement (RAP)

5.3.3 Development of Bio-renewable modifiers

5.3.4 Advancement in Warm Mix Asphalt Technologies

5.3.5 Research for Incorporating Nanotechnology in Asphalt Modification (Nano-clay)

6. Market Segmentation and Analysis

6.1 By Modified Asphalt Application

6.1.1 Paving

6.1.2 Roofing

6.1.3 Others

6.2 By Product Type

6.2.1 Physical Modifiers Plastics Rubbers Others

6.2.2 Chemical Modifiers

6.2.3 Fibers

6.2.4 Adhesion Improvers

6.2.5 Extenders

6.2.6 Fillers

6.2.7 Antioxidants

6.2.8 Anti-strip Modifiers

6.2.9 Others

7. Regional Analysis

7.1 Asia-Pacific

7.1.1 ASEAN Countries

7.1.2 Australia

7.1.3 China

7.1.4 India

7.1.5 Japan

7.1.6 South Korea

7.1.7 Rest of Asia-Pacific

7.2 North America

7.2.1 Canada

7.2.2 Mexico

7.2.3 United States

7.2.4 Rest of North America

7.3 Europe

7.3.1 France

7.3.2 Germany

7.3.3 Italy

7.3.4 Nordic Countries

7.3.5 United Kingdom

7.3.6 Rest of Europe

7.4 South America

7.4.1 Argentina

7.4.2 Brazil

7.4.3 Colombia

7.4.4 Rest of South America

7.5 MEA

7.5.1 Saudi Arabia

7.5.2 South Africa

7.5.3 Qatar

7.5.4 Rest of MEA

8. Future of Asphalt Modifiers Market

9. Competitive Landscape

9.1 Mergers and Acquisitions

9.2 Joint Ventures, Collaborations and Agreements

9.3 Market Share Analysis

9.4 Strategies Adopted by Leading Players

9.5 Product Matrix

10. Company Profiles

10.1 Akzo Nobel N.V.

10.2 Arkema Inc.

10.3 ArrMaz

10.4 BASF SE

10.5 Cargill Inc.

10.6 DuPont

10.7 Engineered Additives LLC

10.8 Eurovia Services GmbH

10.9 Evonik Industries Corporation

10.10 ExxonMobil Chemical

10.11 Genan Holding A/S

10.12 Honeywell International Inc.

10.13 Kao Corporation

10.14 Kraton Performance Polymers Inc.

10.15 McAsphalt Industries Limited

10.16 PQ Corporation

10.17 Romonta GmbH

10.18 Sasol Ltd.

10.19 The Dow Chemical Company

11. Disclaimer

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