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North America Bitumen Additives Market Forecast to 2030 - Regional Analysis - by Type [Polymeric Modifiers, Anti-Strip Agents (Ethyleneamines, Polyamines, Amidoamines, and Others), Adhesion Promoters (Silanes, Maleic Anhydride, and Others), Emulsifiers (Anionic and Cationic), Surfactants, and Others], and Application (Road Construction, Roofing, Paints & Coatings, and Others)
Market Report I 2023-11-17 I 110 Pages I The Insight Partners
The North America bitumen additives market is expected to grow from US$ 1,063.20 million in 2022 to US$ 1,610.15 million by 2030. It is estimated to grow at a CAGR of 5.3% from 2022 to 2030.
Growing Construction and Rehabilitation Activities Drives North America Bitumen Additives Market
According to the US Census Bureau, the total construction spending in the US accounted for US$ 740.8 billion during the first five months of 2023. The investment was spent on the development of offices, commercial spaces, transportation, highways, and streets. The spending on private and public construction was US$ 585.7 billion and US$ 133.8 billion, respectively, during the first five months of 2023. In 2023, DEEM Enterprises LLC planned to spend US$ 2.7 billion to build a Formula 1-style racetrack, housing, and shopping complex on the site of a former airport in New Jersey, US. In 2022, Haskell Lemon Construction Co was awarded US$ 9 million contract by the Oklahoma Transportation Commission of the US for resurfacing roads to extend the pavement life and upgrade driving conditions. In 2023, the Colorado Department of Transportation in the US invested US$ 17.6 million in addressing road conditions and repairing 12 stretches of roadways. High-quality asphalt pavements can readily support high traffic volume in urban areas and cities, major transportation corridors. Bitumen additives enhance the strength and resistance of pavements, reducing the need for repair. Therefore, growing construction and rehabilitation activities across the world drive the North America bitumen additives market growth.
North America Bitumen Additives Market Overview
The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures in the region. According to a report published by the US Census Bureau in 2022, the spending on residential construction in the US increased from US$ 815.48 billion in 2021 to US$ 929.67 billion in 2022. In the construction industry, bitumen additives are utilized in various building & construction applications such as waterproofing, roofing, and road & pavement construction. The demand for bitumen additives is increasing due to growing construction activities and rising government support for new infrastructure rehabilitation projects in the region. According to the US Department of Transportation Federal Highway Administration, the US government signed Infrastructure Investment and Jobs Act in 2021, encompassing long-term infrastructure investment, providing US$ 550 billion over fiscal years 2022-2026 for the construction of roads, bridges, and mass transit, water infrastructure, resilience, and broadband.
North America Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)
North America Bitumen Additives Market Segmentation
The North America bitumen additives market is segmented into type, adhesion promoters, emulsifiers, application, and country.
Based on type, the North America bitumen additives market is segmented into polymeric modifiers, anti-strip agents, adhesion promoters, emulsifiers. In 2022, the polymeric modifiers segment registered the largest share in the North America bitumen additives market. The adhesion promoters segment is further segmented into silanes, maleic anhydride, and others. The anti-strip agents segment is further segmented into ethyleneamines, polyamines, amidoamines, and others. the emulsifiers segment is further segmented into anionic and cationic.
Based on Application, the North America bitumen additives market is segmented into road construction, roofing, paints & coatings, and others. In 2022, the road construction segment registered the largest share in the North America bitumen additives market.
Based on country, the North America bitumen additives market is segmented into the US, Canada, Mexico. In 2022, the US registered the largest share in the North America bitumen additives market.
Nouryon Chemicals Holding BV, Ingevity Corp, Kraton Corp, Arkema SA, Dow Inc, Honeywell International Inc, Huntsman International LLC, Sasol Ltd, BASF SE, and Kao Corp are some of the leading companies operating in the North America bitumen additives market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. North America Bitumen Additives Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Bitumen Additives Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. North America Bitumen Additives Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Construction and Rehabilitation Activities
5.1.2 Rising Government Initiatives for Infrastructure Development
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Strategic Product Innovations and Research by Key Market Players
5.4 Future Trends
5.4.1 Development of Sustainable Bitumen Additives
5.5 Impact of Drivers and Restraints:
6. Bitumen Additives Market - North America Market Analysis
6.1 North America Bitumen Additives Market Volume (Kilo Tons), 2020 - 2030
6.2 North America Bitumen Additives Market Revenue (US$ Million), 2020 - 2030
6.3 North America Bitumen Additives Market Forecast and Analysis
7. North America Bitumen Additives Market Analysis - Type
7.1 Polymeric Modifiers
7.1.1 Overview
7.1.2 Polymeric Modifiers Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Polymeric Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Anti-Strip Agents
7.2.1 Overview
7.2.2 Anti-Strip Agents Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Anti-Strip Agents Market Volume and Forecast to 2030 (Kilo Tons)
7.2.3.1 Ethyleneamines
7.2.3.1.1 Overview
7.2.3.1.2 Ethyleneamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.2.3.1.3 Ethyleneamines: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.2.3.2 Polyamines
7.2.3.2.1 Overview
7.2.3.2.2 Polyamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.2.3.2.3 Polyamines: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.2.3.3 Amidoamines
7.2.3.3.1 Overview
7.2.3.3.2 Amidoamines: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.2.3.3.3 Amidoamines: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.2.3.4 Others
7.2.3.4.1 Overview
7.2.3.4.2 Others: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.2.3.4.3 Others: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.3 Adhesion Promoters
7.3.1 Overview
7.3.2 Adhesion Promoters Market Revenue and Forecast to 2030 (US$ Million)
7.3.3 Adhesion Promoters Market Volume and Forecast to 2030 (Kilo Tons)
7.3.3.1 Silanes
7.3.3.1.1 Overview
7.3.3.1.2 Silanes: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3.1.3 Silanes: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.3.3.2 Maleic Anhydride
7.3.3.2.1 Overview
7.3.3.2.2 Maleic Anhydride: Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3.2.3 Maleic Anhydride: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.3.3.3 Others
7.3.3.3.1 Overview
7.3.3.3.2 Others: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3.3.3 Others: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Emulsifiers
7.4.1 Overview
7.4.2 Emulsifiers Market Revenue and Forecast to 2030 (US$ Million)
7.4.3 Emulsifiers Market Volume and Forecast to 2030 (Kilo Tons)
7.4.3.1 Anionic
7.4.3.1.1 Overview
7.4.3.1.2 Anionic: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3.1.3 Anionic: Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.4.3.2 Cationic
7.4.3.2.1 Overview
7.4.3.2.2 Cationic: North America Bitumen Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3.2.3 Cationic: North America Bitumen Additives Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 Surfactants
7.5.1 Overview
7.5.2 Surfactants Market Revenue and Forecast to 2030 (US$ Million)
7.5.3 Surfactants Market Volume and Forecast to 2030 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
7.6.3 Others Market Volume and Forecast to 2030 (Kilo Tons)
8. North America Bitumen Additives Market Analysis - Application
8.1 Road Construction
8.1.1 Overview
8.1.2 Road Construction Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Roofing
8.2.1 Overview
8.2.2 Roofing Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Paints and Coatings
8.3.1 Overview
8.3.2 Paints and Coatings Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. North America Bitumen Additives Market - Country Analysis
9.1 Overview
9.1.1 North America Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
9.1.1.1 North America Bitumen Additives Market Breakdown by Country
9.1.1.2 US Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.3 US Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.3.1 US Bitumen Additives Market Breakdown by Type
9.1.1.3.2 US Bitumen Additives Market Breakdown by Application
9.1.1.4 Canada Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.5 Canada Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.5.1 Canada Bitumen Additives Market Breakdown by Type
9.1.1.5.2 Canada Bitumen Additives Market Breakdown by Application
9.1.1.6 Mexico Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.1.7 Mexico Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.1.7.1 Mexico Bitumen Additives Market Breakdown by Type
9.1.1.7.2 Mexico Bitumen Additives Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis- By Key Players
10.2 Company Positioning & Concentration
11. North America Bitumen Market Industry Landscape
11.1 Overview
11.2 Merger and Acquisitions
11.3 Product Launch
12. Company Profiles
12.1 Nouryon Chemicals Holding BV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ingevity Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kraton Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Arkema SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dow Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Honeywell International Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Huntsman International LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sasol Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BASF SE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Kao Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. North America Bitumen Additives Market Segmentation
Table 2. North America Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons)
Table 3. North America Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. North America Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 5. North America Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons) - Type
Table 6. North America Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 7. US Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 8. US Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons) - By Type
Table 9. US Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 10. Canada Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 11. Canada Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 12. Canada Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 13. Mexico Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 14. Mexico Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons) - By Type
Table 15. Mexico Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million) - By Application
LIST OF FIGURES
Figure 1. North America Bitumen Additives Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: North America Bitumen Additives Market
Figure 4. North America Bitumen Additives Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Bitumen Additives Market Volume (Kilo Tons), 2020 - 2030
Figure 7. North America Bitumen Additives Market Revenue (US$ Million), 2020 - 2030
Figure 8. North America Bitumen Additives Market Share (%) - Type, 2022 and 2030
Figure 9. Polymeric Modifiers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Polymeric Modifiers Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 11. Anti-Strip Agents Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Anti-Strip Agents Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 13. Ethyleneamines Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Ethyleneamines Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 15. Polyamines Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Polyamines Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 17. Amidoamines Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Amidoamines Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. Adhesion Promoters Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Adhesion Promoters Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Silanes Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Silanes Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 25. Maleic Anhydride Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Maleic Anhydride Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 27. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 29. Emulsifiers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Emulsifiers Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 31. Anionic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Anionic Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 33. Cationic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. Cationic Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 35. Surfactants Market Revenue and Forecasts To 2030 (US$ Million)
Figure 36. Surfactants Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 37. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 39. North America Bitumen Additives Market Share (%) - Application, 2022 and 2030
Figure 40. Road Construction Market Revenue and Forecasts To 2030 (US$ Million)
Figure 41. Roofing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 42. Paints and Coatings Market Revenue and Forecasts To 2030 (US$ Million)
Figure 43. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 44. North America Bitumen Additives Market Breakdown by Key Countries - Revenue (2022)
Figure 45. North America Bitumen Additives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 46. US Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million)
Figure 47. US Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 48. Canada Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million)
Figure 49. Canada Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 50. Mexico Bitumen Additives Market Revenue and Forecasts To 2030 (US$ Million)
Figure 51. Mexico Bitumen Additives Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 52. Heat Map Analysis- By Key Players
Figure 53. Company Positioning & Concentration
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