Global Asphalt Anti-stripping Agents Market: Highlights

• Anti-stripping agents are chemical compounds which render a minimum stripping (breaking) of bonds between the aggregate surface and the bitumen film. The property of stripping is attributable to water which enters between the bitumen film and the aggregate surface. The aggregate surface has greater attraction to water than bitumen, owing to hydrophilic nature of the aggregate. This leads to breaking of the adhesive bond of bitumen with the aggregate.
• Anti-stripping agents modify the chemical structure of bitumen. These agents provide perfect adhesion of the bitumen film onto the aggregate surface. By opposing the action of water, these agents increase the wettability of bitumen and its resistance to mechanical and cyclic strains. They also increase durability of bituminous mixtures; provide resistance; allow for extending of production-to-lay times; and help in easing the compaction.
• These materials are largely used in construction of highway roads, airport runways, and bridges

Key Drivers of Global Asphalt Anti-stripping Agents Market

• Rising number of road projects undertaken by governments of different nations is expected to boost the global asphalt anti-stripping agents market during the forecast period. In the U.S., various road projects have been initiated by government agencies in order to reduce traffic. Some of them include Complete 540 project of North Carolina, North Houston Highway Improvement Project of Texas, and High Desert Freeway of California. This, in turn, is expected to boost the demand for asphalt anti-stripping agents during the forecast period.
• Increased investments in the construction of new airports are also expected to propel the global asphalt anti-stripping agents market during the forecast period. According to Center for Aviation, investments in the construction of new airports worldwide were valued at US$ 23,062.59 Mn in 2018 and rose to US$ 62,397.83 Mn in 2019. With the rising investments in airport construction, the demand for asphalt anti-stripping agents is also likely to increase, thereby driving the global market during the forecast period.

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Global Asphalt Anti-stripping Agents Market, by Application

• In terms of application, the global asphalt anti-stripping agents market can be segmented into highway roads, airport runways, bridges, and others
• The highway roads segment is projected to account for a major share of the global asphalt anti-stripping agents market by 2027. Growth rate of the highway roads segment is estimated to remain significant during the forecast period.
• The airport runways segment is also expected to witness healthy growth during the forecast period. It is expected to expand at a significant CAGR during the forecast period.
• Expanding at a significant growth rate, the bridges segment is expected to create significant incremental opportunity during the forecast period. Demand for other applications is expected to remain moderate to high across different regions between 2019 and 2027.

Asia Pacific to be a Key Market for Asphalt Anti-stripping Agents

• In terms of region, the global asphalt anti-stripping agents market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The Asia Pacific market is expected to witness continuous growth during the forecast period, followed by Europe. Growing airport construction in countries such as India and China has significantly boosted the market in the region.
• North America is also expected to hold a considerable share of the global market during the forecast period. Rising number of road construction projects in the region is a major factor propelling the market in the region.
• Latin America and Middle East & Africa markets are expected to witness stagnant growth during the forecast period

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Key Manufacturers Operating in Global Market

The global asphalt anti-stripping agents market was highly fragmented in 2018. Key manufacturers operating in the global market are:

• AkzoNobel N.V.
• Arkema SA
• Honeywell International Inc.
• Evonik Industries
• Kraton Corporation
• Huntsman Corporation
• Sasol Limited
• Ingevity Corporation
• Arrmaz
• Zydex Industries
• Macismo International Ltd

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