Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements.

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ASPHALT ADDITIVES MARKET -
-GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024

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REPORT DESCRIPTION
• Asphalt additives are materials that enhance the adhesive force between aggregates and
asphalt cements. They are also used for improving pavement performance through
reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of
approximately 95% stone, sand bound together with the help of asphalt cement. The
asphalt cement used for binding is a heated aggregate, combined, and mixed with the
aggregate at a hot mix asphalt facility.
• Cold mix asphalt is manufactured by adding a special category of emulsified asphalt with
aggregates. The emulsion used reduces the viscosity of the asphalt, thus making it
workable even at cold temperatures. Cold mix asphalt is premixed and stored for a long
duration, thus making it an ideal product for road repairs and various other low-volume
uses and is mixed and applied at lower temperatures as compared to conventional hot mix.
Cold mix asphalt also has various environmental benefits such as low-temperature mixing
resulting in reduced fuel consumption and resulting fumes. The production of cold mix
asphalt is relatively eco-friendly, with very low associated emissions.

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Unsaturated Polyester Resins Market Taxonomy
• On the basis of product type, the global market is segmented into:
• Polymeric modifiers
• Chemical modifiers
• Adhesion promoters
• Anti-strip
• Emulsifiers
• On the basis of function, the global market is classified into:
• Warm mix
• Cold mix
• Hot mix
• On the basis of application, the global market is classified into:
• Roads and Infrastructure
• Construction
• Paving

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Market Segmentation
• Asia Pacific and North America are expected to be the most potential markets for plastic
additives manufacturers. Asia Pacific is projected to witness relatively high growth in
terms of value over the forecast period. Development of roads and infrastructure is one
of the major factors contributing to the growth of geotextile market. Asia Pacific is one
of the major contributors in the geotextile market globally. Rapidly flourishing
urbanization has led to the increase in the requirement of new roads and modern
infrastructure. This trend is expected to be followed over the forecast period. According
to IBEF India has the second largest road network in the world and is expected to reach
total revenue of USD 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF)
is a Trust established by the Ministry of Commerce and Industry, Department of
Commerce in collaboration with the Government of India with the purpose of promoting
and creating international awareness of goods manufactured in India. This mainly
attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana
(PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.

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Key Strategies
• Reusable applications of asphalt additives are fueling the demand for asphalt additives,
especially in Asia Pacific and Middle East regions. Expansion in various geographies is a
key strategy adopted by the major players in the asphalt additives market. IN
September 2015, CalPortland completed expansion of the business in California which
will add to the manufacturing capacity of the company. Some of the major companies
operating in the global asphalt additives industry include CalPortland, AkzoNobel N.V.,
Tri-Chem Industries, Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries
AG, Huntsman International LLC, Kao Corporation, Honeywell International Inc.,
ArrMaz, and The Arkema Group.
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