Market Challenges And Opportunities

Asphalt Additives Market Outlook – Need for Increasing Road Infrastructure to be the Major Market Driver.

Advances in bio-based additives such as bio asphalt binder and lignifame are expected to create opportunities for global asphalt additives market. Global market growth is assisted by rules and regulations implemented by Government agencies such as Environmental Protection Agency, which are favoring these additives. Harsh environmental factors such as rain or heat and excessive traffic load are hampering the global asphalt additives market growth. Poor quality of material used for construction and low awareness of performance enhancing asphalt additives are predicated to slow down the global market growth.

Rapid urbanization and requirement of new roads for modern infrastructure is considered as major market driver. Development of roads and infrastructure is one of the major factors contributing to the growth of geotextile market. . The industry is characterized by several major and minor participants. China, Japan, and India are expected to dominate the demand for asphalt additives. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Asia Pacific is one of the major contributors in the geotextile market globally, due to active growth in the construction industry. This trend is expected to be followed over the forecast period.