QYResearch: Global Cold Mix Asphalt Additives market will reach USD 462 million in 2023

QYResearch

Cold Mix Asphalt Additives are widely used in roads, pavements, airfields, and parking lots made of asphalt and others. In 2016, Emulsion-based Cold Mix Asphalt Additive consumption occupy more than 65% of total amount. In recent years, Europe has become the largest world market for Cold Mix Asphalt Additives, surpassing North America and China. North America is the leading footwear producer in the world, followed by Europe. Therefore, increasing demand for Cold Mix Asphalt Additives is expected to support the growth over forecast period. Cold Mix Asphalt Additives industry will usher in a stable growth space.

According to QYResearch, The global Cold Mix Asphalt Additives production market was 96 K MT in 2016 and is expected to grow at a CAGR of 4.23%from 2013 to 2023. The global Cold Mix Asphalt Additives market was valued at USD 360 million in 2016 and is expected to reach USD 462 million by 2023, growing at a CAGR of 3.47% from 2016 to 2023. Overall, the Cold Mix Asphalt Additives products performance is positive with the global economic recovery.

The technical barriers of Cold Mix Asphalt Additives are relatively high, resulting in high level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in Korea, China, Northeast Asia and USA. The key companies in Cold Mix Asphalt Additives market include. Dow, ArrMaz, Colasphalt, Evonik, Arkema Group. In 2016, the demand for Cold Mix Asphalt Additives in all regions is leveling off. The demand for these products will grow steadily.

In the past few years, the price of Cold Mix Asphalt Additives decreased and we expect the price has pressure to increase in short time with new capacity released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Cold Mix Asphalt Additives. Therefore, to some extent, the companies face the risk of profit decline.

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