South & Central America Bitumen Additives Market Forecast to 2030

At 4.8% CAGR, South & Central America Bitumen Additives Market is Speculated to be Worth US$ 721.10 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America bitumen additives market was valued at US$ 494.72 million in 2022 and is projected to reach US$ 721.10 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Sustainability offered by bitumen additives and development of sustainable bitumen additives are among the critical factors attributed to drive the South & Central America bitumen additives market growth.

Rising awareness regarding greenhouse gas (GHG) emissions can upsurge the demand for bio-based and sustainable polymer products. Governments of various countries are adopting several initiatives to increase the awareness and development of bio-materials and recycled materials. In 2019, Nouryon launched sustainable ingredients for the asphalt market. The company launched Wetfix G400, a non-amine adhesion promoter derived from renewable resources. Wetfix G400 is aimed at meeting customers’ needs for a sustainable alternative that maintains asphalt mixture performance and durability. Adhesion promoters are added to asphalt used in road construction and maintenance to protect from damage caused by moisture and extend the service life of asphalt pavement. However, conventional adhesion promoters are incompatible with polyphosphoric acid (PPA), which is growing in popularity as an economical way to modify asphalt binders to the desired performance level. In 2021, Kao Performance Chemicals launched an asphalt additive made from recycled plastic (Polyethylene Terephthalate) bottles. The product NEWTLAC 5000 is an additive with high durability and oil resistance. Moreover, NEWTLAC 5000 pavement is less susceptible to damage from heavy vehicles. Therefore, the development of sustainable bitumen additives is expected to drive the bitumen additives market during the forecast period.

On the contrary, fluctuations in raw material prices hamper the growth of the South & Central America bitumen additives market.

Based on type, the South & Central America 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 52.9% market share in 2022, amassing US$ 261.50 million. It is projected to garner US$ 393.40 million by 2030 to register 5.2% CAGR during 2022–2030.

In terms of application, the South & Central America bitumen additives market is segmented into road construction, roofing, paints & coatings, and others . The road construction segment held 85.9% share of South & Central America bitumen additives market in 2022, amassing US$ 425.16 million. It is anticipated to garner US$ 629.16 million by 2030 to expand at 5.0% CAGR during 2022–2030.

Based on country, the South & Central America bitumen additives market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 56.7% share of South & Central America bitumen additives market in 2022. It was assessed at US$ 280.48 million in 2022 and is likely to hit US$ 417.04 million by 2030, registering a CAGR of 5.1% during 2022–2030.

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

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America 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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America 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
5. South & Central America 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 – South & Central America Analysis
6.1 South & Central America Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
6.2 South & Central America Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
6.3 South & Central America Bitumen Additives Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America Bitumen Additives Market – Country Analysis
9.1 South & Central America Bitumen Additives Market
9.1.1 South & Central America Bitumen Additives Market Revenue and Forecasts and Analysis – By Countries
9.1.1.1 South & Central America Bitumen Additives Market Breakdown by Country
9.1.1.2 Brazil Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3 Brazil Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.3.1 Brazil Bitumen Additives Market Breakdown by Type
9.1.1.3.2 Brazil Bitumen Additives Market Breakdown by Application
9.1.1.4 Argentina Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.5 Argentina Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.5.1 Argentina Bitumen Additives Market Breakdown by Type
9.1.1.5.2 Argentina Bitumen Additives Market Breakdown by Application
9.1.1.6 Rest of South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.7 Rest of South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.7.1 Rest of South & Central America Bitumen Additives Market Breakdown by Type
9.1.1.7.2 Rest of South & Central America 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 Arkema SA
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 Dow Inc
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 Honeywell International 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 Huntsman International LLC
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 BASF SE
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 Kao Corp
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
13. Appendix

LIST OF TABLES

Table 1. South & Central America Bitumen Additives Market Segmentation
Table 2. South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Table 3. South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – Type
Table 6. South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 7. Brazil Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Brazil Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 9. Brazil Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 10. Argentina Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. Argentina Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 12. Argentina Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 13. Rest of South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Rest of South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 15. Rest of South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million) – By Application

LIST OF FIGURES

Figure 1. South & Central America Bitumen Additives Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Bitumen Additives Market
Figure 4. South & Central America 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. South & Central America Bitumen Additives Market Volume (Kilo Tons), 2020 – 2030
Figure 8. South & Central America Bitumen Additives Market Revenue (US$ Million), 2020 – 2030
Figure 9. South & Central America 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. South & Central America 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. South & Central America Bitumen Additives Market, By Key Country – Revenue (2022) (US$ Million)
Figure 32. South & Central America Bitumen Additives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 33. Brazil Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. Brazil Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 35. Argentina Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 36. Argentina Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 37. Rest of South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 38. Rest of South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 39. Heat Map Analysis- By Key Players
Figure 40. Company Positioning & Concentration