Asphalt Additives Market to have worth $2,302 million by 2022 Asphalt Additives Market to have worth $2,302 mill | Page 2

Introduction to Asphalt Additives Market

• Asphalt additives are the specialty chemicals that are added to impart additional benefits such as reduction in stripping , raveling , cracking , costs , and deformations .

• They are specifically added during construction of roads , sidewalks , airports , and parking lots

• The market for asphalt additives has grown tremendously in the recent past due to increase in government investment for the infrastructural development coupled with the rise in ownership of automobiles globally .

• Factors that drive the growth of the global asphalt additives market are increase in urbanization , rise in demand of asphalt from construction industry , and growth in conformity with latest manufacturing standards .

• In addition , increase in demand for asphalt additives from the emerging economies as well as growth in awareness about energy conservation and sustainable infrastructure provide opportunities to the asphalt additives manufactures .