Asphalt Anti-Stripping Agents Market Report Overview
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The global asphalt anti-stripping agents market size was USD 167.6 million in 2022 and is projected to touch USD 280.76 million by 2031, exhibiting a CAGR of 5.9% during the forecast period.
The chemical mixture known as asphalt anti-stripping agents offers the least amount of stripping of bonds between the aggregate surface and the bitumen. Water that gets between the bitumen film and the aggregate surface is the cause of the stripping. Due to the hydrophilic nature of aggregate, the surface is more attracted to water than bitumen. According to literature, asphalt anti-stripping agents are mostly used on asphalt pavement because they increase tensile strength while reducing maintenance and restoration costs from base course to surface mixes. When trying to increase asphalt's performance, anti-stripping chemicals are frequently forgotten. To make asphalt-aggregate adhesion more frequent and powerful, it is added to the mixture.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
The global COVID-19 pandemic has been unprecedented and staggering, with the Global Asphalt Anti-Stripping Agents Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.
LATEST TRENDS
"Growth of the market in recent years"
To increase the operating effectiveness and service life of road pavements, new businesses are emphasizing the delivery of safer, more accommodating agents. Over the next few years, one of the most well-liked developments in the market for asphalt anti-strip is going to be manufacturers rapidly boosting their efforts in R&D. The market for asphalt anti-strip is dominated by North America, which holds 31.8% of the market. A rise in environmental awareness, government initiatives to improve infrastructure, an increase in the number of roads, streets, and other non-building construction, as well as an increase in the demand for asphalt anti-strip, are all contributing to the market growth in North America.
Asphalt Anti-Stripping Agents Market Segmentation
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- By Type
Based on type the global asphalt anti-stripping agents market is classified as amine anti-stripping agent, amine-free anti-stripping agent.
- By Application
Based on application the global asphalt anti-stripping agents market is classified as warm mix asphalt, hot mix asphalt, cold mix asphalt.
DRIVING FACTORS
"The Utilization as a Catalyst to Boost the Market Growth "
The impact of numerous micro- and macroeconomic factors is predicted to continue on the global market for asphalt anti-strip. A few of the key drivers behind the expansion of the global asphalt anti-strip market are urbanisation, the expansion of roads and highways, expanding industrial trade operations, and growth in the transportation sector. Many asphalt anti-strip producers and other stakeholders are investing in the asphalt anti-strip market as a result of the expanding applications of asphalt anti-strip additives across a variety of industrial sectors. Numerous industrial end-users receive high-quality asphalt anti-strip from the majority of chemical producers in the asphalt anti-strip industry, as well as technical support.
"Extensive Application in Laundering Process to Multiply the Production and Market Growth"
The demand for asphalt anti-strip in the global market is significantly influenced by intense R&D in the chemical industry to reduce the toxicity of asphalt anti-strip additives. Important milestones for manufacturers to reach in the use of asphalt anti-strip additives include strict restrictions and evolving international standards. Chemicals known as asphalt anti-stripping agents promote adhesion between asphalt and aggregates. These additives improve the resistance to moisture in asphalt concrete mixtures. Asphalt additives that minimize moisture sensitivity and prevent stripping include hydrated lime and liquid anti-stripping chemicals. Leading manufacturers of asphalt anti-strip products are refocusing their efforts to find better strategies for enhancing the resistance of asphalt anti-strip additives against damage brought on by moisture.
RESTRAINING FACTORS
"Several Challenges Associated with the Local Irritation to Restrain the Market"
Additionally, these substances are non-corrosive, odorless, and secure for both the environment and personnel. Green asphalt anti-strip chemicals are projected to experience steady adoption over the next few years as the use of sustainable and environmentally friendly production techniques has expanded. The most recent development in asphalt anti-strip agents uses nanotechnology. To improve the effectiveness of anti-strip chemicals and overall binding performance in asphalt concrete mixtures, a few producers, including Zydex Industries, devised a nano-material method. At the processing temperature of hot mix asphalt (HMA), nano changes in the anti-strip agent result in the production of non-polar hydrophobic aggregates.
Asphalt Anti-Stripping Agents Market Regional Insights
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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"
Based on market insight analysis in North America, Europe, Asia Pacific, the Middle East, South America, Africa, and the rest of the world, geographic analysis of the research study is conducted. With about 48% of market revenue coming from the area in 2019, Asia regions dominate. The mature Asian market is nevertheless anticipated to experience significant development in the years to come. Due in large part to its airports and roadways, North America has emerged as one of the markets with the quickest growth. During the anticipated timeframe, South America and the Middle East are also anticipated to have substantial growth rates. The factors propelling the market expansion in Asia Pacific are an increase in the use of asphalt anti-strip for roofing applications, an increase in construction projects, an increase in industrialisation, and a swift expansion of the tourism sector.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- ArrMaz (US)
- Ingevity (US)
- Evonik (Germany)
- Cargill (US)
- DuPont (US)
- Arkema (France)
- Akzo Nobel (Netherlands)
- Pre Tech (US)
- Macismo (US)
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 167.6 Million in 2022 |
Market Size Value By |
US$ 280.76 Million by 2031 |
Growth Rate |
CAGR of 5.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the asphalt anti-stripping agents market expected to touch by 2031?
The global asphalt anti-stripping agents market is expected to USD 280.76 million by 2031.
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What CAGR is the asphalt anti-stripping agents market expected to exhibit by 2031?
The asphalt anti-stripping agents market is expected to exhibit a CAGR of 5.9% by 2031.
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Which are the driving factors of the asphalt anti-stripping agents market?
A few of the key drivers behind the expansion of the global asphalt anti-strip asphalt anti-stripping agents market are urbanisation, the expansion of roads and highways, expanding industrial trade operations, and growth in the transportation sector.
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Which are the key players functioning in the asphalt anti-stripping agents market?
ArrMaz, Ingevity,Evonik, Cargill, DuPont, Arkema, Akzo Nobel, Pre Tech, Macismo are the key players functioning in the asphalt anti-stripping agents market.