Epoxy curing agent News The market size of asphalt modifiers is expected to resume growth and the industry has a good development environment

The market size of asphalt modifiers is expected to resume growth and the industry has a good development environment

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The market size of asphalt modifiers is expected to resume growth and the industry has a good development environment

Asphalt modifiers refer to natural or synthetic organic or inorganic materials added to asphalt or asphalt mixtures. They can be melted or dispersed in asphalt to improve or enhance the road performance of asphalt. They can be divided into different categories according to different raw materials. Rubber asphalt modifier, thermoplastic rubber asphalt modifier and resin asphalt modifier.
The upstream of the asphalt modifier industry chain is the supply of raw materials such as rubber, synthetic resin, and styrene; the midstream is the production and production of products; the downstream is mainly used in road construction, building waterproofing and other fields.
According to the “China Asphalt Modifier Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center , asphalt modifiers can effectively improve the anti-aging, durability and other properties of the pavement, thereby extending its service life. At the same time, it can form a high-strength waterproof film on the asphalt surface, which can be used for waterproofing treatment in construction, tunnels and other fields. As my country’s economic development level continues to improve, and infrastructure construction such as highways and airports continue to improve, my country’s asphalt modifier market size will maintain a growth trend from 2016 to 2021. The market size will be close to 6 billion yuan in 2021. In 2022, due to repeated epidemics and demand Affected by the recession and other factors, the market size dropped to about 4 billion yuan. As the domestic economy recovers and investment in infrastructure construction increases, the asphalt modifier market is expected to resume growth, and the industry is booming.
In recent years, the state has introduced a number of policies to continuously promote the construction of a powerful transportation country and promote the high-quality development of highway maintenance management. In May 2022, the Ministry of Transport issued the “14th Five-Year Plan Highway Maintenance Management Development Outline”, proposing to implement refined improvement actions for highway safety facilities and traffic order management to comprehensively improve highway safety protection capabilities; improve the evaluation of green maintenance methods and evaluation standards, and strengthen the research, development and promotion of green maintenance technologies. As one of the products that can effectively improve road safety and protection performance, asphalt modifier has a good development environment.
Driven by market dividends, more and more companies have entered the asphalt modifier market, making market competition increasingly fierce. As industry-related standards continue to be improved, the marketization of asphalt modifiers is also increasing. Large enterprises will occupy more market shares by virtue of their advantages in technology and scale, and environmental protection policies will continue to be promoted. Outdated production capacity will gradually withdraw from the market, and the industry will be concentrated. The degree is expected to increase further. At present, the main domestic asphalt modifier manufacturers include Shandong Ruifeng Polymer Materials Co., Ltd., Weifang Yaxing Chemical Co., Ltd., Shenzhen Lute New Material Technology Co., Ltd., etc.
Industry analysts said that as my country’s urbanization process continues to accelerate and the construction of a transportation power continues to advance, asphalt modifiers are used in construction, The market demand in the transportation field will continue to grow, and the industry has good development prospects. In the context of continuous advancement of environmental protection policies, continuous updating of production technology, and increasingly fierce market competition, domestic asphalt modifier manufacturers need to increase capital investment and research and development efforts, improve product quality and service levels, and strengthen product promotion and marketing efforts. Expand its own competitive advantages.
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