South & Central America Bitumen Additives Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The South & Central America bitumen additives market was valued at US$ 494.72 million in 2022 and is expected to reach US$ 721.10 million by 2030; it is estimated to register a CAGR of 4.8% from 2022 to 2030 .

Strategic Product Innovations and Research by Key Market Players Fuels South & Central America Bitumen Additives Market

Bitumen additives manufacturers are investing significantly in strategic development initiatives such as product innovation, mergers & acquisitions, and business expansion to attract a wide customer base and enhance their market position. In 2020, BASF SE launched a bitumen additive, B2Last, that provides service life extension by up to 50%. B2Last binds constituents in the bitumen to form a strong and elastic polymer grid. Major manufacturers and researchers are adopting strategies such as research and development to serve the customer demand and satisfy their growing demands. In 2023, a researcher from Sarsam and Associates Consult Bureau (Iraq) reviewed the utilization of micro-sized fly ash and nano-sized silica fumes to extend the fatigue life of the pavement. In 2022, SoyLei Innovations aimed at developing a rejuvenator product, a compound made of soybean oil that can be mixed with recycled asphalt. In 2022, Aggregate Industries launched Foamix, a cold-mix asphalt containing 92% recycled materials and 85% reclaimed asphalt pavement. Thus, rising strategic product innovations and research by key market players are expected to create lucrative opportunities for the bitumen additives market over the coming years.

South & Central America Bitumen Additives Market Overview

South & Central America is significantly investing in green and sustainable construction. According to the US and the Brazilian Green Building Councils, Brazil accounted for more than 1.2 million square meters of certified buildings, ranking seventh in Leadership in Energy and Environmental Design (LEED) registrations worldwide in 2021. According to the International Trade Administration, the Argentine government is focused on infrastructure projects worth US$ 20 million. The rising focus on construction activities and infrastructure development is driving the demand for construction materials such as bitumen, asphalt, bitumen additives, and sustainable building materials. In 2021, the Ministry of Public Works (Chile) announced the final concession for 2021 for the development of Route 68 infrastructure with a total investment of US$ 4.67 billion, a part of a 12-project agenda; the project includes six hospitals, the third concession of the El Loa Airport, and five road works, including Route 5, Chacao-Chonchi section, and the second concession for Route 5 Chillan-Collipulli section. Therefore, rising investment in construction activities in the region is expected to fuel the bitumen additives market during the forecast period.

South & Central America Bitumen Additives Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Bitumen Additives Market Segmentation

The South & Central America bitumen additives market is categorized into type, application, and country.

Based on type, the South & Central America 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 South & Central America 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 South & Central America bitumen additives market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America bitumen additives market share in 2022.

Arkema SA, BASF SE, Dow Inc, Honeywell International Inc, Huntsman International LLC, Ingevity Corp, Kao Corp, and Nouryon Chemicals Holding BV are some of the leading companies operating in the South & Central America bitumen additives market.

Product Code: BMIRE00029088

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. South & Central 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. South & Central America 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 - South & Central America Analysis

6.1 South & Central America Bitumen Additives Market Volume (Kilo Tons), 2020 - 2030
6.2 South & Central America Bitumen Additives Market Revenue (US$ Million), 2020 - 2030
6.3 South & Central America Bitumen Additives Market Forecast and Analysis

7. South & Central 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 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. South & Central 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 & 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. South & Central America Bitumen Additives Market - Country Analysis

9.1 South & Central America Bitumen Additives Market
- 9.1.1 South & Central America Bitumen Additives Market Revenue and Forecasts and Analysis - By Countries
  - 9.1.1.1 South & Central America Bitumen Additives Market Breakdown by Country
  - 9.1.1.2 Brazil Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.3 Brazil Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.3.1 Brazil Bitumen Additives Market Breakdown by Type
    - 9.1.1.3.2 Brazil Bitumen Additives Market Breakdown by Application
  - 9.1.1.4 Argentina Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.5 Argentina Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.5.1 Argentina Bitumen Additives Market Breakdown by Type
    - 9.1.1.5.2 Argentina Bitumen Additives Market Breakdown by Application
  - 9.1.1.6 Rest of South & Central America Bitumen Additives Market Revenue and Forecasts to 2030 (US$ Million)
  - 9.1.1.7 Rest of South & Central America Bitumen Additives Market Volume and Forecasts to 2030 (Kilo Tons)
    - 9.1.1.7.1 Rest of South & Central America Bitumen Additives Market Breakdown by Type
    - 9.1.1.7.2 Rest of South & Central America 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 Arkema SA
- 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 Dow Inc
- 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 Honeywell International 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 Huntsman International LLC
- 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 BASF SE
- 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 Kao Corp
- 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

13. Appendix