Asphalt Modifiers Market Forecast to Grow at a CAGR of 5.7% During 2021-2026

  • Date: 06-Nov-2021
  • Source: MENAFN
  • Sector:Oil & Gas
  • Country:Gulf
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Asphalt Modifiers Market Forecast to Grow at a CAGR of 5.7% During 2021-2026

"Asphalt Modifiers Market" The Asphalt Modifiers Market Growth Is Likely to Be Impeded by High Initial Costs for the Use of Modified Asphalt Cement and Occupational Health Hazards Concerning Asphalt. The warm mix asphalt segment held a significant share in the asphalt modifiers market in 2020 and is growing at a CAGR of 6. 1% during 2021-2026. Due to growing concern about environmental issues such as global warming and carbon footprint, the asphalt industry's incentive to minimize greenhouse gas emissions has increased. This has prompted the development of Warm Mix Asphalt (WMA) and related technologies, which aim to reduce greenhouse gas emissions by lowering asphalt mix mixing and compaction temperatures. WMA has grown in favour as a result of the environmental benefits it provides without sacrificing the asphalt mix's qualities, performance, or quality. WMA is made at much lower temperatures (just around 100°C), resulting in decreased energy usage, fewer emissions, reduced ageing, lower mixing and compaction temperatures, cold weather paving, and improved mix workability. The introduction of chemicals into WMA is responsible for the latter of these advantages. In comparison to traditional Hot Mix Asphalt (HMA) processes, WMA perform better, owing to which it is seeing a significant increase in