South Africa Asphalt Additive Market Outlook

south africa asphalt additive market has been witnessing significant growth attributed to increasing road infrastructure and stringent regulatory compliance. additives are added to asphalt to modify its properties to improve quality, performance, and durability in various construction applications. south africa asphalt additive market witnessed an increase in the demand for cold mix asphalt, which is cost-effective and easy to prepare in comparison to hot mix. cold mix asphalt is made by mixing the right amount of additives with asphalt and its other components at low temperature and can be used in various pavement pothole repairing applications. the increasing demand for improved quality in bituminous pavements due to the drive for sustainability has accelerated the growth of the asphalt additive market in south africa. other driving factors include increasing investments for road and highways constructions and consequent need for superior quality asphalt pavements. the government of south africa has set up the south african national road agency (sanral) which aims in improving the road network and plans to invest around r45 billion in new road projects in 2019-20. this investment is expected to drive the asphalt additive market in south africa. also, with the rapid urbanization, the need for repairing and reconstructing of ageing road network is becoming the demand of an hour and consequently an increasement in demand for asphalt additives is expected in the forecast period. the south african market is facing challenging growth prospects due to the lack of advanced technology in terms of heavy-duty machinery and limited research and development in the asphalt additive market. the current market outlook of south africa asphalt additives is highly competitive due to the presence of several domestic suppliers, although the industry has also seen a rise in the number of foreign manufacturers. in addition, the manufacturers are competing on the basis of product innovation, quality, environmentally friendly product offerings, delivery time and competitive prices. key players in the market include bituchem, sika, nuroad technology, pidri, and maple asphalttechnologies. in conclusion, the south african asphalt additive market is expected to witness significant growth due to increasing investments in road construction and the drive for sustainability which has resulted in the need for an improved quality of bituminous pavements. the current market outlook can be beneficial for both suppliers as well as end users due to the competition amongst manufacturers due to the presence of various domestic as well as foreign players.