Asphalt Additives Market Outlook:
Asphalt Additives Market size was over USD 4.7 billion in 2025 and is poised to exceed USD 8.03 billion by 2035, growing at over 5.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of asphalt additives is estimated at USD 4.93 billion.
Due to rapid urbanization, demand for bio-based additives is growing progressively as these materials promote sustainability by reducing the use of natural resources, driving the asphalt additives market growth. As per the World Bank, around 56% of the global population which is 4.4 billion inhabitants are living in cities. This population size will double more than its recent size by 2050, at which point nearly 7 of 10 people will live in cities.
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Frequently Asked Questions (FAQ)
In the year 2026, the industry size of asphalt additives is estimated at USD 4.93 billion.
The global asphalt additives market size was more than USD 4.7 billion in 2025 and is anticipated to grow at a CAGR of over 5.5%, reaching USD 8.03 billion revenue by 2035.
Asia Pacific asphalt additives market is expected to capture 33% share by 2035, driven by rising airport construction projects and expansion of industrial and commercial sectors.
Key players in the market include ARKEMA Group, Akzo Nobel N.V., Evonik Industries AG, Honeywell International Inc., Huntsman International LLC, Ingevity, KAO Corporation, Nouryon, SASOL, Tri-Chem Specialty Chemicals, LLC.
