Asphalt Additives Market Size

Asphalt Additives Market size was valued at USD 4.32 billion in 2024 and is expected to reach USD 11.06 billion by 2037, registering around 7.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of asphalt additives is assessed at USD 4.58 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.