Asphalt is a mixture of aggregates, binder and filler, used for constructing and maintaining roads, parking areas, railway tracks, ports, airport runways, sidewalks and also play- and sport areas. Modifiers are added to asphalt to control pavement rutting, cracking, asphalt oxidation, and water damage. Some commercially available asphalt modifiers are polymers, including elastomers, metal complexes, elemental sulfur, fibers, hydrated lime, and organic anti-strip agents. According to the latest research, the global asphalt modifiers market is poised to grow by USD 1.2 billion during 2023-2029, progressing at a CAGR of 4.8% during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global asphalt modifiers market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for asphalt modifiers can be segmented by application: paving, roofing, others. The paving segment was the largest contributor to the global asphalt modifiers market in 2022. Asphalt modifiers market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, Asia-Pacific had the largest share in the global asphalt modifiers market.

Market Segmentation
By application: paving, roofing, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Asphalt Modifiers Market, including Arkema S.A. (ArrMaz Products, Inc.), Evonik Industries AG, ExxonMobil Corporation, Genan Holding AS, HollyFrontier Corporation, Honeywell International, Inc., Huntsman Corporation, Ingevity Corporation, Iterchimica Srl, Kao Corporation, Kraton Corporation, LCY Chemical Corporation, McAsphalt Industries Limited, Nouryon Holding B.V., Romonta GmbH, Sasol Limited, Showa Rekisei Industries Co., Ltd., Textile Rubber & Chemical Co., Inc. (TRCC), The Dow Chemical Company, Westlake Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global asphalt modifiers market.
• To classify and forecast the global asphalt modifiers market based on application, region.
• To identify drivers and challenges for the global asphalt modifiers market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global asphalt modifiers market.
• To identify and analyze the profile of leading players operating in the global asphalt modifiers market.

Why Choose This Report
• Gain a reliable outlook of the global asphalt modifiers market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.