Global Bitumen Additives Market - Growth Dynamics, Technological Advancements, Environmental Impact, and Industry Evolution
Global Industry Analysis
Government agencies, bitumen contractors and producers are challenged to build roads that not only perform better, but are also more durable using state-of-the-art technologies that increase operational efficiency and cost effectiveness while maintaining the safety and comfort of the workforce. To adequately address these issues, a new generation of anti-stripping additives have been introduced to the market to replace traditional strips. Growing demand for road construction in developing countries is one of the key factors driving the demand for bitumen additives market.
Pavement or new road maintenance work is done all over the world. The packaging business places a strong emphasis on longevity and sustainability. Bituminous additives are frequently used to improve the performance of materials in a variety of situations.
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Bituminous additives are primarily added to admixtures to improve resistance to breakage, improve workability, increase traffic loads and reduce the total life cycle cost of pavements. Three commonly used techniques for mixing binders and aggregates include hot mix, warm mix, and cold mix technologies.
Polymer-based additives are becoming an important factor in the paving and construction industry due to various proven factors such as excellent resistance to fatigue damage, corrosion, thermal cracking and delamination of asphalt pavements, etc.
Global Bituminous Additives Market: Segmentation
The global bitumen additives market can be segmented on the basis of product type, application, and technology.
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Global Bitumen Additives Market: Dynamics
Concrete and bitumen are the main materials used in road construction activities worldwide. Roads made of bitumen have several advantages, including low installation costs, durability and fast condensation times.
Due to the loss of adhesion between the aggregate and the bituminous binder, bituminous roads may experience delamination loss. This leads to loosening and deterioration of bituminous roads. Various additives are used in bitumen binders to prevent road delamination from occurring.
Various volatile organic compounds (VOCs) are released into the environment due to the high temperature generated during the mixing process of aggregate and binder.
To improve the quality of bitumen pavement, manufacturing companies have incorporated polymers into bitumen to mitigate the causes of bitumen pavement failure, such as deformation at high temperatures and cracking at low temperatures. Therefore, utilization of polymer-based additives is one of the key trends identified in the global bituminous additives market during the forecast period.
Global Bituminous Additives Market: Regional Outlook
On a regional basis, the global bituminous additives market is expected to be dominated by the Asia Pacific region. Due to increasing investment in road construction supported by growing populations and increasing road traffic in developing countries such as China and India.
North America and Europe are expected to see moderate growth in the market over the next decade as no significant road construction projects are expected in the United States, Germany, United Kingdom and France. Middle East & Africa and Latin America are expected to witness modest growth in the bituminous additives market over the next decade.
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Global Bituminous Additives Market: Market Participants
Examples of some of the market participants identified across the value chain of the global bituminous additives market are ArrMaz, Croda International Plc, AkzoNobel NV, Kraton Corporation, Kao Corporation, Honeywell International Inc., Evonik Industries AG, DowDuPont Inc., Berkshire Engineering, Huntsman International LLC , CECA (Arkema Group),
The major manufacturers of bituminous additives are found to be involved in developing and improving new products to help the paving industry reduce emissions and energy use while meeting required roadway specifications.
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Regional analysis includes:
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- Latin America (Mexico. Brazil)
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- Middle East and Africa (GCC countries, South Africa, North Africa)
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