World Asphalt Additives Market to Exhibit 6.4% CAGR through 2026, Informs M&M in Its New Topical Report Available at MarketPublishers.com
07 Dec 2016 • by Natalie Aster
LONDON – By the year 2026, the value of the worldwide asphalt additives market is expected to cross USD 5.4 billion, witnessing a 6.4% CAGR between 2016 and 2026. Sustainable growth in this market is spurred by developments in the APAC infrastructure market, rising usage of asphalt in roofing applications, recyclability of asphalt and also ongoing development of warm-mix asphalt, among other growth drivers. Meantime, lack of awareness amid road pavement contractors and volatile price of asphalt could pose challenge to the further growth in the world’s asphalt market.
On the basis of type, the emulsifiers sector is predicted to register the fastest growth through 2026, owing to the strong demand on the back of upsurge in road reconstruction activities, especially in Europe and North America.
On the basis of applications, the roofing sector is likely to exhibit the highest CAGR.
The fastest growth pace is currently witnessed in the Middle East & Africa asphalt additives market. This trend is expected to continue through the next decade. Robust growth in this regional market for asphalt additives is encouraged by ongoing development of manufacturing and business infrastructure, increase in road construction as well as in paving sector.
Cutting-edge report titled “Asphalt Additives Market by Type, Application, Technology - Global Forecast to 2026” prepared by MarketsandMarkets (M&M) contains updated info on the world’s asphalt additives market landscape, uncovers historic and present statistics, explores competitive environment, discusses top rends and burning issues, and also examines the major market growth driving and limiting forces. It includes profiles of leading players, highlights possible future growth prospects, presents future forecasts for the global asphalt additives market through 2026.
Many other reports by M&M can be found in this catalogue at MarketPublishers.com.