Asphalt Additive Market 2022: Industry Analysis, Size, Share, Revenue Growth, Emerging Trends and Forecasts
What is Asphalt Additive Industry?
The asphalt additive industry refers to the production and distribution of various chemical additives that are used to enhance the performance and properties of asphalt in various applications. Asphalt is a mixture of aggregates (such as sand, gravel, or crushed stone) and a binder (usually bitumen) that is commonly used in road construction, roofing, and other...
Road construction and paving application is expected to lead the asphalt additives market
The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.
Governments of countries such as, China, India, Malaysia, and Indonesia in the Asia...