The global market for asphalt additives is expected to grow over the next 10 years to $6.3 billion, up from $3.6 billion in 2019. A recent study credits the anticipated growth to the recyclability of asphalt pavement, continued development of warm mix asphalt (WMA) in the industry, an increasing use of the products in applications beyond pavement and the burgeoning infrastructure market in the Asia Pacific region.
