Bitumen Additives Market Scope And Analysis

  • Report Code : TIPRE00014345
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 191
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Bitumen Additives Market Analysis, Scope, and Growth by 2030

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Bitumen Additives Market Report Bitumen Additives Market Size and Share Bitumen Additives Market Scope and Analysis

Bitumen Additives Market Report Scope

Report Attribute Details
Market size in 2022 US$ 5.24 Billion
Market Size by 2030 US$ 8.28 Billion
Global CAGR (2022 - 2030) 5.9%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Polymeric Modifiers
  • Adhesion Promoters / Anti-Strip Agents
  • Chemical Modifiers
  • Antioxidants
  • Fibers
  • Fillers
  • Emulsifiers
By Application
  • Road Construction
  • Roofing
  • Paints & Coatings
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Nouryon Chemicals Holding BV
  • Ingevity Corp
  • Kraton Corp
  • Arkema SA
  • Dow Inc
  • Honeywell International Inc
  • Huntsman International LLC
  • Sasol Ltd
  • BASF SE

    • COVID-19 Pandemic Impact:

    The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units of bitumen additives companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most of the construction projects were closed during the pandemic, negatively impacting the bitumen additives market growth.

    Various industries are coming on track after supply constraints affecting these industries are resolving gradually. Moreover, the rising demand for bitumen additives from the industrial and residential construction sectors substantially promotes the bitumen additives market growth

    Competitive Landscape and Key Companies:

    A few players operating in the global bitumen additives market are KRATON CORPORATION, BASF SE, Ingevity, Nouryon, Arkema, Kao Chemicals Europe, Dow, Honeywell International Inc, Huntsman International LLC, and Sasol Limited. Players operating in the bitumen additives market focus on providing high-quality products to fulfill customer demand.