Global Asphalt Anti-Strip Market supply-demand continues to be impacted by broader developments in the chemicals sector. The new Asphalt Anti-Strip Market research report outlines the key factors that will impact production, supply, and demand during the assessment period 2018 to 2027.
The study tracks Asphalt Anti-Strip Market demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Asphalt Anti-Strip Market in particular 2018 to 2027
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How will Asphalt Anti-Strip Market Sales Grow in 2024 and Beyond
The Asphalt Anti-Strip Market industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Asphalt Anti-Strip Market will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
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Increased Load on Roads and Highways Demands Higher Efficiency
The transportation industry is growing exponentially, especially in emerging markets such as China and India. The reasons behind this growth is attributed to increasing global population, growing GDP, and rising vehicle ownership. With increased vehicle ownership, high traffic volumes and heavy loads on the roads and highways have become a common concern for transportation maintenance authorities.
However, with the intent to avoid higher investment as well as maintenance costs, construction engineers are actively adopting asphalt anti-stripping agents in maintenance as well as new construction projects.
Competitive Landscape :-
Key companies in the global asphalt anti-strip market include Akzonobel NV, Dupont, Arkema SA, Honeywell International Inc., Evonik Industries, Kraton Corporation, Huntsman Corporation, Sasol Limited, Ingevity Corporation, ArrMaz, and DOW Chemical Company, among others.
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
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