Global Cold Mix Asphalt Additives market will reach 490 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/19

The research report predicts that the demand for cold mix asphalt additives will increase in the coming ears as they play an integral role in the construction industry. The demand will be especially high from the construction industry as development of roads remains the prime responsibility of emerging economies. High resilience and excellent durability make asphalt a winning material for construction purposes. This in turn in expected to stoke the demand for cold mix asphalt additives.

The restraint observed by analysts is the lack of awareness about the benefits of asphalt. Furthermore, the volatility of supply is also expected to affect the sales of the cold mix asphalt additives in the coming years.

QY Research report states that the global cold mix asphalt additives market was worth US$370 million in 2017 and is expected to be worth US$490 million by the end of 2025. During the forecast years of 2018 and 2025, the global market is expected to register a CAGR of 3.5%. Analysts believe that the demand for cold mix asphalt additives is likely to spike as the construction industry gains momentum. These additives are used to change the final outcome of concrete to strength structures. The research report, titled “Global Cold Mix Asphalt Additives Market Insights, Forecast to 2025”, provides a comprehensive overview of the market along with estimates about its future.

Click to view the full report:
https://www.qyresearch.com/index/detail/738819/global-cold-mix-asphalt-additives-market
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