Asphalt Additives Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2023
180 Page Report
Demand for Asphalt Additives to Grow in Response to
Upswing in Construction Activities Worldwide, Says TMR
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Asphalt Additives Market
Asphalt Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023
The presence of a large number of companies with equal market shares and strong brands such as Evonik
Industries AG, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Honeywell International
Inc., and Akzo Nobel N.V. has given the global asphalt additives market a highly fragmented vendor landscape.
Transparency Market Research (TMR) finds in a new study that the majority of these companies are presently
focusing on product diversification, strategic alliances, and mergers and acquisition to gain lion’s share in the
“Since the market exhibits a low degree of capital intensive business model, the scope for the entry of new
players is higher. The degree of competition prevalent in the market is therefore likely to from medium to high
in the near future with the entry of new companies,” says a TMR analyst.
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Rising Spending on Construction Activities in MEA Fuels Asphalt Additives Sales
According to TMR, regions that boast robust construction industry are currently considered the most lucrative
markets for asphalt additives. For instance, the rising demand from the construction sector in the Middle East
and Africa (MEA) provides attractive...