Asphalt Additives Market Will Be Worth of Us$4.29 Bn in 2023, Expanding at a Cagr of 4.2% Between 2015-2023

Transparency Market

Research

Asphalt Additives Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date

03-Nov-2015

180 Page Report

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Demand for Asphalt Additives to Grow in Response to

Upswing in Construction Activities Worldwide, Says TMR

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Asphalt Additives Market

REPORT DESCRIPTION

Asphalt Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023

The presence of a large number of companies with equal market shares and strong brands such as Evonik

Industries AG, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Honeywell International

Inc., and Akzo Nobel N.V. has given the global asphalt additives market a highly fragmented vendor landscape.

Transparency Market Research (TMR) finds in a new study that the majority of these companies are presently

focusing on product diversification, strategic alliances, and mergers and acquisition to gain lion’s share in the

market.

“Since the market exhibits a low degree of capital intensive business model, the scope for the entry of new

players is higher. The degree of competition prevalent in the market is therefore likely to from medium to high

in the near future with the entry of new companies,” says a TMR analyst.

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Rising Spending on Construction Activities in MEA Fuels Asphalt Additives Sales

According to TMR, regions that boast robust construction industry are currently considered the most lucrative

markets for asphalt additives. For instance, the rising demand from the construction sector in the Middle East

and Africa (MEA) provides attractive opportunities for asphalt additives producers. “The...