Asphalt additives are substances added to asphalt to modify characteristic properties of asphalt binder. Primary reason for adding additives to asphalt is to increase the functional temperature range of asphalt. Viscosity of asphalt decreases at high temperature and increases drastically at low temperature. This hinders the usage of asphalt in roads, pavements, airfields, and parking lots made of asphalt. Usage of additives helps overcome this shortcoming. Additives are also used to enhance the binding property of asphalt by strengthening the asphalt aggregate bond. Furthermore, additives improve the film thickness of asphalt, thus preventing cracking, raveling, and deformation. This, in turn, reduces maintenance cost of asphalt-constructed structures. There are different types of asphalt additives. However, varieties that are primarily used include asphalt rubber, polymers, and chemical modifiers. Fibers and fillers are also used as additives in asphalt.

Scope of the Report:
The technical barriers of asphalt additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Japan and USA. The key companies in asphalt additives market include. Evonik, Kraton, DuPont, Arkema, Sinopec, LCY CHEMICAL CORP. In 2015, the demand for asphalt additives in all regions is leveling off. The demand for these products will grow steadily.
In the past few years, the price of asphalt additives decreased and we expect the price has pressure to increase in short time with new capacity released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of asphalt additives. Therefore, to some extent, the companies face the risk of profit decline.
The worldwide market for Asphalt Additives is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 5060 million US$ in 2024, from 4010 million US$ in 2019, according to a new study.
This report focuses on the Asphalt Additives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
Evonik
Kraton
DuPont
Arkema
Dow Chemical
Akzo Nobel
Huntsman
Berkshire Engineering Supplies
ArrMaz
Kao Corporation
Engineered Additives
BASF
Sonneborn
Honeywell
Ingevity
LUCOBIT
Sinopec
LCY CHEMICAL CORP
Jiangsu Jinyang
Zibo bridge lung

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Asphalt Modifier
Antistripping agent
Asphalt emulsifier
Surfactant additives
Foam stabilizer
Others

Market Segment by Applications, can be divided into
Road construction & paving
Roofing
Others (Including airfields, parking lots, drinking water enclosures, waste disposal sites, and bridge decks)

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Asphalt Additives product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Asphalt Additives, with price, sales, revenue and global market share of Asphalt Additives in 2017 and 2018.
Chapter 3, the Asphalt Additives competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Asphalt Additives breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Asphalt Additives market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Asphalt Additives sales channel, distributors, customers, research findings and conclusion, appendix and data source.