New report published by QY Research which offers insights on the global Cold Mix Asphalt Additives market. The Cold Mix Asphalt Additives market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Cold Mix Asphalt Additives is expected to reflect a 1.3x increase in the revenue growth. In 2017 the global Cold Mix Asphalt Additives market was valued at US$ 380 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 500 Mn growing at a value CAGR of 3.5% throughout the period of forecast.
Global Cold Mix Asphalt Additives Market: Market Driver and Restraint
Applications of Cold Mix Asphalt Additives are anticipated to create new business segments in the market. Cold Mix Asphalt Additives is in use for a broad range of Road construction & paving products such as 0, 0 & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Cold Mix Asphalt Additives application is developed towards a more active mode.
Manufacturers are exploring the potential of Cold Mix Asphalt Additives in Roofing. Application of Cold Mix Asphalt Additives in 0 are gaining traction in the recent years. Recently, manufacturers have started using Cold Mix Asphalt Additives in the Residential Field area. Further, there are also potential uses in the areas of 0.
Global Cold Mix Asphalt Additives Market: Key Takeaways
- On the one hand, Cold Mix Asphalt Additives manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
- Besides, they are trying to broaden the applications of Cold Mix Asphalt Additives such as Residential Field.
- Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service.
Global Cold Mix Asphalt Additives Market: Forecast by Nature
This segment includes Emulsion-based Cold Mix Asphalt Additive, Solvent-based Cold Mix Asphalt Additive, etc. In terms of volume, Emulsion-based Cold Mix Asphalt Additive segment is expected to remain dominant in the global Cold Mix Asphalt Additives market.
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Global Cold Mix Asphalt Additives Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. Europe is the dominant market in the global 1, 2-Propanediol market in terms of value. The Europe1, 2-Propanediol market was estimated to be valued at US$ 80.44 Mn in 2017 and is expected to expand at a value CAGR of 3.9% over the forecast period. The North America market is expected to expand at a robust rate of 4.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for products in this region.
Global Cold Mix Asphalt Additives Market: Key Players
Kraton Performance Polymers, Dow, Evonik, Colasphalt, ArrMaz, Arkema Group, Engineered Additives, Kao Chemicals, Akzo Nobel, Huntsman, Sinopec , Jiangsu Jinyang, etc. are the key vendors included in this report.
The market of Cold Mix Asphalt Additives is very fragmented. Of the 2017 global market, the top 10 companies, all multinational, account for less than 0.4942 of sales. Kraton Performance Polymers Chemical is by far the leader, followed by Dow and Evonik. A number of producers are in China, many small and domestic. However, there are also multinational producers that supply high-quality product to the export-oriented market.
The global Cold Mix Asphalt Additives production market was 96 K MT in 2016 and is expected to grow at a CAGR of 4.23%from 2013 to 2023. The technical barriers of Cold Mix Asphalt Additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Northeast Asia and USA. The key companies in Cold Mix Asphalt Additives market include. Dow, ArrMaz, Colasphalt, Evonik, Arkema Group. In 2016, the demand for Cold Mix Asphalt Additives in all regions is leveling off. The demand for these products will grow steadily.
Cold Mix Asphalt Additives are widely used in roads, pavements, airfields, and parking lots made of asphalt and others. In 2016, Emulsion-based Cold Mix Asphalt Additive consumption occupy more than 65% of total amount. In recent years, Europe has become the largest world market for Cold Mix Asphalt Additives, surpassing North America and China. North America is the leading footwear producer in the world, followed by Europe. Therefore, increasing demand for Cold Mix Asphalt Additives is expected to support the growth over forecast period. Cold Mix Asphalt Additives industry will usher in a stable growth space.
In the past few years, the price of Cold Mix Asphalt Additives decreased and we expect the price has pressure to increase in short time with new capacity released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Cold Mix Asphalt Additives. Therefore, to some extent, the companies face the risk of profit decline.
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There are companies adding new capacities and aiming at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs, improve quality and performance for Cold Mix Asphalt Additives product application. The competition in Cold Mix Asphalt Additives market will become more intense.
The Cold Mix Asphalt Additives market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Cold Mix Asphalt Additives is expected to reflect a 1.3x increase in the revenue growth. In 2017 the global Cold Mix Asphalt Additives market was valued at US$ 380 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 500 Mn growing at a value CAGR of 3.5% throughout the period of forecast.
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