Albany, NY -- (SBWIRE) -- 11/14/2014 -- Asphalt additives are substances that are added to the asphalt binder in order to alter the characteristics of the final blend of the concrete. Asphalt additives are composite materials that are commonly used in parking lots, airports and road surfaces. Asphalt additive offer a wide range of benefits which help in reducing a variety of construction related issues such as stripping, cracking, pavement thickness, raveling, permanent deformation and life cycle costs. Asphalt concrete which is produced by mixing asphalt additives with concrete is often known for its recyclable nature. Different types of asphalt additives have different performance characteristics such as surface durability, roadway noise, tire wear and braking efficiency. Asphalt additives are mainly classified as hot mix asphalt additives and cold mix additives depending mainly on the applications of the respective additive. Construction industry is the major consumer of asphalt additives. Thus, asphalt additives market is closely associated with the construction industry.

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The growing construction industry in BRICS countries is expected to boost the overall asphalt additives market. The growing investments for developing infrastructure especially to enhance the industrial sector in BRICS countries are expected to drive the overall asphalt additives market. Additionally, various sports events such as FIFA and Olympics among others are further expected to augment the overall growth of construction industry which in turn is expected to drive the asphalt additives market. Asphalt additives also offer several environmental benefits which in turn lead to increase in the demand for asphalt additives especially during the construction of pavements and other structures. Asphalt additives also help in reducing the overall environmental damage caused during the construction activities. Thus, there are several governmental initiatives that help in boosting the use of asphalt additives during the construction activities in order to reduce the overall environmental damage.

In addition, the growing consumer preference for long lasting products has further augmented the overall demand for asphalt additives especially in the roofing applications. Asphalt additives offer better quality roofing products and high UV resistance which has further augmented the overall market. However, several factors govern the properties exhibited by asphalt additives. Factors such as construction quality, traffic loads and harsh environmental conditions hamper the properties of asphalt additives which in turn hamper the global market.

China is the largest manufacturers as well as consumer of the global asphalt additives market. The growing urbanization coupled with the rising investment in the industrial sector is expected to boost the overall construction industry which in turn is expected to augment the overall market for asphalt additives. Rest of Asia Pacific is the next major consumer of the asphalt additives. The growing construction industry especially in India and Japan is expected to drive the demand for asphalt additives in the near future. Rest of the World is expected to be the emerging market for asphalt additives. Several sports events organized especially in Brazil are expected to drive the asphalt additives market in the region. North America and Europe are expected to exhibit sluggish growth in the overall demand for asphalt additives owing to stagnant growth of construction industry in the regions.

Kao Corporation, ArrMaz, MeadWestvaco Corporation, Delta Companies and Akzo Nobel among others are some of the major companies profiled in the global asphalt additives market research report.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

- North America
- Asia Pacific
- Europe
- Rest of the World

This report provides comprehensive analysis of

- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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