Deerfield Beach, FL -- (SBWIRE) -- 04/03/2017 -- The world asphalt additives market is expected to reach $2,302 million through 2022, from 2015 market value of $1,433 registering a CAGR of 6.6% during the analysis period. Increasing demand for asphalt from construction industry, growing conformity with latest manufacturing standards, and rapid urbanization are the key factors driving the growth of the asphalt additives market growth. However, changing regulatory environment coupled with the low consumer awareness may hamper the market growth during the analysis period.

Asphalt additives are crucial towards sustainable development of roads and household infrastructure. In addition, asphalt additives enhance the efficiency and overall life of the roads when mixed with the paving grade asphalt thus demand for such additives is gaining prominence across the globe.

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World asphalt additives market is segmented as:

World asphalt additives market By Type

Polymerized asphalt cement
Novophalt
Multigrade asphalt cement
Polyester modifier
Others

World asphalt additives market By Application

Road Construction
Road paving
Airport Runaway
Parking lots
Roofing
Others

World asphalt additives market By Geography

North America

U.S.
Canada
Mexico

Europe

Russia
Germany
France
Turkey
UK
Others

Asia-Pacific

China
Japan
India
Others
LAMEA
Brazil
Saudi Arabia
South Africa
Others

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