Asphalt Additives Market Growth Analysis by Size, Share, Growth, Trends, Demand, Key Player and Forecast to 2027
The global asphalt additives market garnered $3.6 billion in 2019, and is estimated to reach $5.3 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027. Allied Market Research published a report, titled, " Asphalt Additives Market by by Type (Polymerized Asphalt Cement, Novophalt, Multigrade Asphalt Cement, Polyester Modifier and Others) and Application (Road Construction, Road Paving, Airport Runway, Parking Lots, Roofing and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." Drivers, restraints, and opportunities: Increase in demand for asphalt from road construction industry, growth in conformity with latest manufacturing standards, and rapid urbanization drive the global asphalt additives market. However, change in regulatory environment restrains the market growth. On the other hand, rise in awareness regarding energy conservation & sustainable infrastructure creates new opportunities in the coming years. ...