Asia Pacific Bitumen Additives Market Forecast to 2030

At 6.5% CAGR, Asia Pacific Bitumen Additives Market is Speculated to be worth US$ 2,931.04 million by 2030, says the Research Team

According to the Research Team’ research, the Asia Pacific bitumen additives market was valued at US$ 1,767.58 million in 2022 and is projected to reach US$ 2,931.04 million by 2030, registering a CAGR of 6.5% from 2022 to 2030. Sustainability offered by bitumen additives and rising government initiatives for infrastructure development are among the critical factors attributed to drive the Asia Pacific bitumen additives market growth.

The government-supported infrastructure projects generally include roads, dams, bridges, tunnels, ports, airport pavements, and highways. The growing investments from government organizations lead to a rise in infrastructure construction. The Department of Water Resources, River Development and Ganga Rejuvenation of India launched a scheme with a financial outlay of US$ 322.5 million for the rehabilitation of 223 dams in seven states in India. Additionally, in February 2024, the Thai government announced that it intends to invest US$ 33 billion in public-private partnership projects between 2020 and 2027 in an effort to support long-term economic growth. Also, the Thailand Board of Investment (BOI) has announced that, in 2023, the total value of applications for investment promotion reached a five-year high of 848.3 billion baht (roughly USD 24 billion). This represents a 43% increase over the adjusted number from the previous year. The majority of the combined pledges were made up of large foreign investments in the five priority sectors identified in the BOI’s new Investment Promotion Strategy. Such initiatives generate demand for construction services, equipment, and materials. The rising investments and efforts in infrastructure development by governments of various countries across the world drive the growth of the bitumen additives market.

On the contrary, strategic product innovations and research by key market players hamper the growth of Asia Pacific bitumen additives market.

Based on type, the Asia Pacific bitumen additives market is segmented into polymeric modifiers, adhesion promoters/anti-strip agents, chemical modifiers, antioxidants, fibers, fillers, emulsifiers, and others. The polymeric modifiers segment held 51.3% market share in 2022, amassing US$ 906.31 million. It is projected to garner US$ 1,550.15 million by 2030 to register 6.9% CAGR during 2022–2030.

In terms of application, the Asia Pacific bitumen additives market is segmented into road construction, roofing, paints & coatings, and others. The road construction segment held 88.0% share of Asia Pacific bitumen additives market in 2022, amassing US$ 1,555.54 million. It is anticipated to garner US$ 2,617.34 million by 2030 to expand at 6.7% CAGR during 2022–2030.

Based on country, the Asia Pacific bitumen additives market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 51.5% share of Asia Pacific bitumen additives market in 2022. It was assessed at US$ 910.60 million in 2022 and is likely to hit US$ 1,559.73 million by 2030, registering a CAGR of 7.0% during 2022–2030.

Key players operating in the Asia Pacific bitumen additives market are Arkema SA, BASF SE, Dow Inc, Honeywell International Inc, Huntsman International LLC, Ingevity Corp, Kao Corp, Kraton Corp, and Nouryon Chemicals Holding BV, among others.

In June 2019, Arkema expands its portfolio of reactive terpolymers with the new Lotader AX8670T ethylene-vinyl acetate-glycidyl methacrylate terpolymer, opening up new opportunities with long-lasting performance. Lotader AX8670T reactive terpolymer is the most reactive terpolymers manufactured by Arkema and is suitable for a broad range of applications thanks to its unique properties. Lotader AX8670T terpolymer is suitable as adhesion promoter in thermo-adhesive films and hot melt formulations in automotive and industrial applications. Lotader AX8670T can also be used to modify the properties of bitumen used in road paving and roofing membranes applications and will provide exceptional performance. Lotader AX8670T is commercially available worldwide through Arkema’s local subsidiary and distribution network.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific bitumen additives market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific bitumen additives market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the bitumen additives market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Bitumen Additives Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Bitumen Additives Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.4 List of Vendors
5. Asia Pacific Bitumen Additives Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Sustainability Offered by Bitumen Additives
5.1.2 Rising Government Initiatives for Infrastructure Development
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Strategic Product Innovations and Research by Key Market Players
5.4 Future Trends
5.4.1 Development of Sustainable Bitumen Additives
5.5 Impact of Drivers and Restraints:
6. Bitumen Additives Market – Asia Pacific Analysis
6.1 Asia Pacific Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
6.2 Asia Pacific Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
6.3 Asia Pacific Bitumen Additives Market Forecast and Analysis
7. Asia Pacific Bitumen Additives Market Analysis – Type
7.1 Polymeric Modifiers
7.1.1 Overview
7.1.2 Polymeric Modifiers Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Polymeric Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Adhesion Promoters / Anti-Strip Agents
7.2.1 Overview
7.2.2 Adhesion Promoters / Anti-Strip Agents Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Adhesion Promoters / Anti-Strip Agents Market Volume and Forecast to 2030 (Kilo Tons)
7.3 Chemical Modifiers
7.3.1 Overview
7.3.2 Chemical Modifiers Market Revenue and Forecast to 2030 (US$ Million)
7.3.3 Chemical Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.4 Antioxidants
7.4.1 Overview
7.4.2 Antioxidants Market Revenue and Forecast to 2030 (US$ Million)
7.4.3 Antioxidants Market Volume and Forecast to 2030 (Kilo Tons)
7.5 Fibers
7.5.1 Overview
7.5.2 Fibers Market Revenue and Forecast to 2030 (US$ Million)
7.5.3 Fibers Market Volume and Forecast to 2030 (Kilo Tons)
7.6 Fillers
7.6.1 Overview
7.6.2 Fillers Market Revenue and Forecast to 2030 (US$ Million)
7.6.3 Fillers Market Volume and Forecast to 2030 (Kilo Tons)
7.7 Emulsifiers
7.7.1 Overview
7.7.2 Emulsifiers Market Revenue and Forecast to 2030 (US$ Million)
7.7.3 Emulsifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
7.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)
8. Asia Pacific Bitumen Additives Market Analysis – Application
8.1 Road Construction
8.1.1 Overview
8.1.2 Road Construction Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Roofing
8.2.1 Overview
8.2.2 Roofing Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Paints & Coatings
8.3.1 Overview
8.3.2 Paints & Coatings Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Asia Pacific Bitumen Additives Market – Country Analysis
9.1 Asia Pacific Bitumen Additives Market
9.1.1 Asia Pacific Bitumen Additives Market Breakdown by Country
9.1.1.1 Asia Pacific Bitumen Additives Market Breakdown by Country
9.1.1.2 Australia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3 Australia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.3.1 Australia Bitumen Additives Market Breakdown by Type
9.1.1.3.2 Australia Bitumen Additives Market Breakdown by Application
9.1.1.4 China Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.5 China Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.5.1 China Bitumen Additives Market Breakdown by Type
9.1.1.5.2 China Bitumen Additives Market Breakdown by Application
9.1.1.6 India Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.7 India Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.7.1 India Bitumen Additives Market Breakdown by Type
9.1.1.7.2 India Bitumen Additives Market Breakdown by Application
9.1.1.8 Japan Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.9 Japan Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.9.1 Japan Bitumen Additives Market Breakdown by Type
9.1.1.9.2 Japan Bitumen Additives Market Breakdown by Application
9.1.1.10 South Korea Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.11 South Korea Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.11.1 South Korea Bitumen Additives Market Breakdown by Type
9.1.1.11.2 South Korea Bitumen Additives Market Breakdown by Application
9.1.1.12 Rest of Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.13 Rest of Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.13.1 Rest of Asia Pacific Bitumen Additives Market Breakdown by Type
9.1.1.13.2 Rest of Asia Pacific Bitumen Additives Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis- By Key Players
10.2 Company Positioning & Concentration
11. Bitumen Market Industry Landscape
11.1 Overview
11.2 Merger and Acquisitions
11.3 Product Launch
12. Company Profiles
12.1 Nouryon Chemicals Holding BV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ingevity Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kraton Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Arkema SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dow Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Honeywell International Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Huntsman International LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BASF SE
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Kao Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix

LIST OF TABLES

Table 1. Asia Pacific Bitumen Additives Market Segmentation
Table 2. Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Table 3. Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – Type
Table 6. Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 7. Australia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Australia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 9. Australia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 10. China Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. China Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 12. China Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 13. India Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. India Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 15. India Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 16. Japan Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 17. Japan Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 18. Japan Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 19. South Korea Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 20. South Korea Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 21. South Korea Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 22. Rest of Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 23. Rest of Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 24. Rest of Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application

LIST OF FIGURES

Figure 1. Asia Pacific Bitumen Additives Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Bitumen Additives Market
Figure 4. Asia Pacific Bitumen Additives Market – Key Industry Dynamics
Figure 5. Crude Oil Prices in Accordance with Various Geopolitical and Economic Events (1970–2023)
Figure 6. Impact Analysis of Drivers and Restraints
Figure 7. Asia Pacific Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
Figure 8. Asia Pacific Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
Figure 9. Asia Pacific Bitumen Additives Market Share (%) – Type, 2022 and 2030
Figure 10. Polymeric Modifiers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Polymeric Modifiers Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 12. Adhesion Promoters / Anti-Strip Agents Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Adhesion Promoters / Anti-Strip Agents Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 14. Chemical Modifiers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Chemical Modifiers Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 16. Antioxidants Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Antioxidants Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 18. Fibers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Fibers Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 20. Fillers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Fillers Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 22. Emulsifiers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Emulsifiers Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 24. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Others Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 26. Asia Pacific Bitumen Additives Market Share (%) – Application, 2022 and 2030
Figure 27. Road Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Roofing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Paints & Coatings Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 31. Asia Pacific Bitumen Additives Market, By Key Country – Revenue (2022) (US$ Million)
Figure 32. Asia Pacific Bitumen Additives Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 33. Australia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. Australia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 35. China Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 36. China Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 37. India Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 38. India Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 39. Japan Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 40. Japan Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 41. South Korea Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 42. South Korea Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 43. Rest of Asia Pacific Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 44. Rest of Asia Pacific Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 45. Heat Map Analysis- By Key Players
Figure 46. Company Positioning & Concentration