Product Code: BMIRE00029091
The Europe bitumen additives market was valued at US$ 1,465.11 million in 2022 and is expected to reach US$ 2,298.96 million by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.
Rising Government Initiatives for Infrastructure Development Drive Europe Bitumen Additives Market
The government-supported infrastructure projects generally include roads, dams, bridges, tunnels, ports, airport pavements, and highways. The growing investments from government organizations lead to a rise in infrastructure construction. In 2022, the Department for Transport of the UK announced the funding of US$ 34.83 million to develop net zero highways. Also, Poland is still investing a sizable amount of money in the advancement of transportation. Under the present EU funding system, the government intends to invest US$ 17.5 billion in railway infrastructure and US$ 36.6 billion in road infrastructure between 2014 and 2023 (with a view to 2025). Such initiatives generate demand for construction services, equipment, and materials. The rising investments and efforts in infrastructure development by governments of various countries across the world drive the growth of the bitumen additives market.
Europe Bitumen Additives Market Overview
Europe is a prominent region, encompassing economies such as Germany, Italy, Denmark, and Poland, contributing to the growth of the bitumen additives market. Europe is one of the largest producers of construction materials, operated by small and medium-sized businesses (SMEs) that supply construction materials to local and regional markets. According to the European Commission, the construction industry is one of the major industries in Europe, contributing ~9% to the region's GDP. The EU invested ~US$ 6 billion for the construction of sustainable, safe, and efficient transport infrastructure, including 107 transport infrastructure projects in June 2023. A few bitumen additives are manufactured from recycled materials, which support the government's efforts for a circular economy and resource efficiency. Therefore, the increasing utilization of bitumen additives for infrastructure development in Europe is projected to fuel the growth of the bitumen additives market.
Europe Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)
Europe Bitumen Additives Market Segmentation
The Europe bitumen additives market is categorized into type, application, and country.
Based on type, the Europe bitumen additives market is segmented into polymeric modifiers, adhesion promoters / anti-strip agents, chemical modifiers, antioxidants, fibers, fillers, emulsifiers, and others. The polymeric modifiers segment held the largest market share in 2022.
In terms of application, the Europe bitumen additives market is segmented into road construction, roofing, paints & coatings, and others. The road construction held the largest market share in 2022.
By country, the Europe bitumen additives market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe bitumen additives market share in 2022.
Arkema SA, BASF SE, Dow Inc, Honeywell International Inc, Huntsman International LLC, Ingevity Corp, Kao Corp, Kraton Corp, Nouryon Chemicals Holding BV, and Sasol Ltd are some of the leading companies operating in the Europe 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. Europe 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
- 4.4 List of Vendors
5. Europe Bitumen Additives Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Sustainability Offered by Bitumen Additives
- 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 - Europe Analysis
- 6.1 Europe Bitumen Additives Market Volume (Kilo Tons), 2020 - 2030
- 6.2 Europe Bitumen Additives Market Revenue (US$ Million), 2020 - 2030
- 6.3 Europe Bitumen Additives Market Forecast and Analysis
7. Europe 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 Adhesion Promoters / Anti-Strip Agents
- 7.2.1 Overview
- 7.2.2 Adhesion Promoters / Anti-Strip Agents Market Revenue and Forecast to 2030 (US$ Million)
- 7.2.3 Adhesion Promoters / Anti-Strip Agents Market Volume and Forecast to 2030 (Kilo Tons)
- 7.3 Chemical Modifiers
- 7.3.1 Overview
- 7.3.2 Chemical Modifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.3.3 Chemical Modifiers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.4 Antioxidants
- 7.4.1 Overview
- 7.4.2 Antioxidants Market Revenue and Forecast to 2030 (US$ Million)
- 7.4.3 Antioxidants Market Volume and Forecast to 2030 (Kilo Tons)
- 7.5 Fibers
- 7.5.1 Overview
- 7.5.2 Fibers Market Revenue and Forecast to 2030 (US$ Million)
- 7.5.3 Fibers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.6 Fillers
- 7.6.1 Overview
- 7.6.2 Fillers Market Revenue and Forecast to 2030 (US$ Million)
- 7.6.3 Fillers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.7 Emulsifiers
- 7.7.1 Overview
- 7.7.2 Emulsifiers Market Revenue and Forecast to 2030 (US$ Million)
- 7.7.3 Emulsifiers Market Volume and Forecast to 2030 (Kilo Tons)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 7.8.3 Others Market Volume and Forecast to 2030 (Kilo Tons)
8. Europe 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 & Coatings
- 8.3.1 Overview
- 8.3.2 Paints & 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. Europe Bitumen Additives Market - Country Analysis
- 9.1 Europe Bitumen Additives Market
- 9.1.1 Europe Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
- 9.1.1.1 Europe Bitumen Additives Market Breakdown by Country
- 9.1.1.2 Germany Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.3 Germany Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.3.1 Germany Bitumen Additives Market Breakdown by Type
- 9.1.1.3.2 Germany Bitumen Additives Market Breakdown by Application
- 9.1.1.4 France Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.5 France Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.5.1 France Bitumen Additives Market Breakdown by Type
- 9.1.1.5.2 France Bitumen Additives Market Breakdown by Application
- 9.1.1.6 Italy Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.7 Italy Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.7.1 Italy Bitumen Additives Market Breakdown by Type
- 9.1.1.7.2 Italy Bitumen Additives Market Breakdown by Application
- 9.1.1.8 UK Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.9 UK Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.9.1 UK Bitumen Additives Market Breakdown by Type
- 9.1.1.9.2 UK Bitumen Additives Market Breakdown by Application
- 9.1.1.10 Russia Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.11 Russia Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.11.1 Russia Bitumen Additives Market Breakdown by Type
- 9.1.1.11.2 Russia Bitumen Additives Market Breakdown by Application
- 9.1.1.12 Rest of Europe Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.1.13 Rest of Europe Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
- 9.1.1.13.1 Rest of Europe Bitumen Additives Market Breakdown by Type
- 9.1.1.13.2 Rest of Europe Bitumen Additives Market Breakdown by Application
10. Competitive Landscape
- 10.1 Heat Map Analysis- By Key Players
- 10.2 Company Positioning & Concentration
11. 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