CHICAGO, April 26, 2021 /PRNewswire/ — According to the new market research report “Asphalt Additive Market by Type , Application, Technology and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the Asphalt Additive Market is projected to grow from USD 3.4 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 6.8% from 2021 to 2026.
Based on type, the asphalt additives market has been segmented into Polymeric Modifiers, Anti-strip & adhesion promoters, Emulsifiers, Chemical Modifiers, Rejuvenators, Fibers, Flux Oil, Colored Asphalt, and others.
Chemical, vegetable oil, or petroleum-based additives are added to asphalt to improve the functionality and viscosity of asphalt, while polymer-based additives are used to improve its Functionality.
The Asia-Pacific region was the largest market for asphalt additives in 2020, owing to the increasing demand for asphalt additives products in developing economies, such as India and China.
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