DUBLIN--(BUSINESS WIRE)--The "Global Asphalt Modifiers Market - Segmented by Modified Asphalt Application, by Product Type, by Raw Material and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global asphalt modifiers market is expected to witness a CAGR of 6.73%, during the forecasted period, 2018-2023.
High traffic volume and heavier loads on roads is expected to drive the global asphalt modifier market in recent years. Over 1.3 billion vehicles are operational around the world. This number is expected to double in the next 25 years. This alarming rate of growth in the number of vehicles calls for improved safety measures on roads that are treaded by numerous vehicles for transporting heavy goods and other travelling purposes.
The two major ways to ensure safety is to control the formation of potholes and by increasing the skid resistance of vehicles while in operation. Asphalt modifiers help improve the asphalt binder's stiffness at normal service temperatures to increase rut resistance, while decreasing its stiffness at low temperatures to improve its resistance to thermal cracking.
By 2030, annual passenger traffic is expected to exceed 80 trillion passenger-kilometers- approximately a 50% increase from 2016, global freight volumes is likely to grow by 70% and an additional 1.2 billion cars are expected to be on the road by 2050.
Fillers are mainly used as asphalt additives because of their ability to increase the resistance of aggregates within the mix matrix. The types of materials used as modifiers include dust from crushing and screening of aggregates, slaked lime, carbon black, fly ash, Portland cement, and other mineral fillers. The use of these materials, particularly carbon black, is beneficial to the durability, the wear resistance and the temperature susceptibility of the mix.
- Akzo Nobel N.V.
- BASF SE
- Cargill Inc.
- Engineered Additives LLC
- Evonik Industries Corporation
- ExxonMobil Chemical
- Genan Holding A/S
- Honeywell International Inc.
- Kao Corporation
- Kraton Performance Polymers Inc.
- McAsphalt Industries Limited
- Sasol Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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