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| Market size in 2024 | US$ 245.6 million |
Forecast Market size by 2030 | US$ 325.4 million |
|---|---|---|---|
| Growth Rate | CAGR of 4.8% | Number of Pages | 125 Pages |
The "Global Aromatic Oil for Modified Asphalt Market" size was valued at US$ 245.6 million in 2024 and is projected to reach US$ 325.4 million by 2030, at a CAGR of 4.8% during the forecast period 2024-2030.
The "United States Aromatic Oil for Modified Asphalt Market" size was valued at US$ 75.4 million in 2024 and is projected to reach US$ 96.5 million by 2030, at a CAGR of 4.2% during the forecast period 2024-2030.
Aromatic oil for modified asphalt is a specialty oil product rich in aromatic compounds, used as an additive to improve the properties of asphalt. It enhances the flexibility, durability, and temperature resistance of asphalt, making it more suitable for use in extreme weather conditions and high-traffic areas. This oil helps in reducing pavement cracking, improving adhesion, and extending the lifespan of roads by enhancing the asphalt’s performance and workability. Aromatic oil is often used in combination with polymers and other modifiers in asphalt applications for better stability and resistance to deformation.
Infrastructure projects driving growth. Production reached 850,000 tons in 2023. Future Projects: US$ 45.6 million for eco-friendly formulations. Policy Dynamics: Environmental regulations impact. Key Statistics: Road construction represents 72% of usage. Performance durability increased 25%. VOC emissions reduced 30%.
Report Overview
Aromatic oil for modified asphalt is an environment-friendly special modifier for asphalt, mainly used in road asphalt and colored asphalt.
This report provides a deep insight into the global Aromatic Oil for Modified Asphalt market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Aromatic Oil for Modified Asphalt Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Aromatic Oil for Modified Asphalt market in any manner.
Global Aromatic Oil for Modified Asphalt Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
By Type
By Application
Geographic Segmentation
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| Report Attributes | Report Details |
|---|---|
| Report Title | Global Aromatic Oil for Modified Asphalt Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 245.6 million |
| Forecast Market size by 2030 | US$ 325.4 million |
| Growth Rate | CAGR of 4.8% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 125 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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