What Sripath Technologies LLC does

Sripath Technologies LLC is a privately held US specialty chemicals company founded in 2006 and headquartered in Wexford, Pennsylvania, operating under parent Jay Holding Inc. The company develops, manufactures, and globally markets a portfolio of six proprietary asphalt and bitumen additives — ReLIXER (bio-based rejuvenator for RAP/RAS recycling), PGXpand (plastomeric polymer modifier), ButaPhalt (sulfur crosslinking additive for PMB), NuMIXER (bio-based oil modifier), PHALANX (warm mix additive), and ReNUBIT (polymer/crumb rubber compatibilizer) — serving roadway paving and roofing/building envelope applications. The company is led by President Krishna Srinivasan, PhD and COO Deepak Madan, PhD, and generates revenue through direct sales and a regional affiliate/agent network organized into four entities: Sripath Technologies LLC (Americas, China, Africa), Sripath Innovations (UK/EU/Middle East), Sripath Asia-Pac (Australia/NZ/APAC), and Bitpath (India).

The company's competitive position is anchored by an extensive R&D and regulatory network that includes research partnerships with MARC at UW-Madison, Rutgers, NC State, UMass Dartmouth, RMIT, and CSIR-India, and approved-product listings through NTPEP, Illinois Tollway, CDOT, and ASTM. Sripath positions its additives as dosage-efficient, sustainability-oriented solutions that enable higher recycled content (up to 100% RAP), lower production temperatures (as low as 115°C via PHALANX), reduced H2S emissions in PMB production (via ButaPhalt), and extended pavement service life (5–7 years per rejuvenating emulsion claims). ReLIXER alone has been deployed on tens of thousands of lane miles worldwide since 2016.

The business model is B2B specialty chemicals sales with non-publicly disclosed, quote-based pricing. Customers span state DOTs and transportation agencies (e.g., Illinois Tollway), asphalt producers and paving contractors, polymer-modified bitumen manufacturers, and roofing membrane manufacturers. Distribution is via direct sales plus regional entities and an agent network across 12+ countries; marketing emphasizes technical content, webinars, conference participation, and multilingual technical documentation.

Name

Sripath Technologies LLC

Legal name

Sripath Technologies LLC

Website

https://sripath.com

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Sripath Technologies LLC is a US-based specialty chemicals company that develops and globally distributes proprietary asphalt and bitumen additives — including rejuvenators, polymer modifiers, warm mix additives, and crosslinking agents — for roadway paving and roofing membrane manufacturers, with regional entities serving the Americas, Europe, Asia Pacific, and India.

Ownership category

akta.pro rank

Product category

Asphalt and Bitumen Additives (Specialty Chemicals for Road Construction and Roofing)

NAICS

Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412), Asphalt Shingle and Coating Materials Manufacturing (324122), Adhesive Manufacturing (325520), Synthetic Rubber Manufacturing (325212)

SIC

Asphalt Paving & Roofing Materials (2950), Miscellaneous Chemical Products (2890), Industrial Organic Chemicals (2860)

akta.pro primary industry

Asphalt Additives & Performance Enhancers (Anti-strip, Warm-mix, Fibers, Rejuvenators) (EUALAKAH)

akta.pro secondary industries

Polymer-Modified Asphalt (PMB) & Modified Binders (SBS/Crumb Rubber/Plastomers) (EUALAKAD), Industrial & Waterproofing Bitumen Products (Roofing, Membranes, Shingles, Sealants) (EUALAKAF), Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG), Asphalt Emulsions (Cationic/Anionic, CRS/SS, Specialty Emulsions) (EUALAKAB), Modified Bitumen Roofing (IMADAFAG)

Keywords

• Asphalt additives
• Bitumen modifiers
• Asphalt rejuvenators
• Polymer modified bitumen
• Warm mix additives

Headquarters

HQ city

Wexford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Marketing or Sales, Personnel

Revenue model

1. Asphalt Additive Products: Sripath generates revenue through the sale of proprietary asphalt and bitumen additives including ReLIXER®, PGXpand®, ButaPhalt®, NuMIXER®, PHALANX®, and ReNUBIT® to manufacturers, contractors, and transportation agencies worldwide. Products are sold directly and through regional distribution partners.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Sripath Technologies LLC develops, manufactures, and globally distributes proprietary asphalt and bitumen additives — including bio-based rejuvenators, plastomeric polymer modifiers, warm mix additives, bio-based oil modifiers, compatibilizers, and crosslinking agents — sold to asphalt producers, paving contractors, transportation agencies, and roofing membrane manufacturers for use in hot mix, warm mix, RAP recycling, and polymer modified bitumen (PMB) applications. The product portfolio centers on six flagship trademarks: ReLIXER®, PGXpand®, ReNUBIT®, NuMIXER®, PHALANX®, and ButaPhalt®.

Product overview

Sripath Technologies LLC is a global supplier of innovative asphalt and bitumen additives with a focused portfolio of six core products organized into two primary application categories. For paving applications, the company offers ReLIXER® (asphalt rejuvenator for RAP recycling), PGXpand® (polymeric additive for enhanced performance grade), NuMIXER® (bio-based oil for viscosity control and polymer compatibility), and PHALANX® (warm mix additive for reduced-temperature paving). For roofing applications, the portfolio includes PGXpand® (polymer modifier for high-temperature performance) and ReNUBIT® (petrochemical oil blend for polymer compatibility and low-temperature properties). ButaPhalt® serves both paving and roofing as a crosslinking additive for PMB production. The product line is complemented by comprehensive technical documentation including Safety Data Sheets and Technical Data Sheets available in multiple languages.

Differentiator

Problem solved

Functional benefit

Brands

• ReLIXER®: Asphalt rejuvenator / recycling agent - bio-based oils that rejuvenate aged bitumen in Reclaimed Asphalt Pavement (RAP) and Reclaimed Asphalt Shingles (RAS). Also marketed as ReJUNV8® in certain regions.
• PGXpand®
• NuMIXER®
• ReNUBIT®
• PHALANX®
• ButaPhalt®

Products and services

• ReLIXER® Asphalt Rejuvenator A bio-based oil asphalt rejuvenator/recycling agent that restores aged bitumen in Reclaimed Asphalt Pavement (RAP) and Reclaimed Asphalt Shingles (RAS). Designed for asphalt producers, paving contractors, and transportation agencies seeking to increase recycled content while maintaining mix performance. Also marketed as ReJUVN8® in certain regions.
• PGXpand® Polymeric Additive A bitumen-friendly plastomeric polymer additive that enhances high-temperature performance without impacting low-temperature properties. Lowers viscosity, improves workability, supports higher filler loads, and allows reduced SBS content. Used in paving for rutting resistance and in roofing for cold adhesion and tack properties.
• ReNUBIT® Compatibilizer A proprietary blend of petrochemical oils designed to improve polymer and crumb rubber compatibility and stability, reduce viscosity, improve low-temperature properties, and enhance cracking resistance. Used in both paving and roofing applications. Also marketed as ReGENR8™ in certain regions.
• NuMIXER® Bio-Based Oil Modifier A blend of prime bio-based green oils that enhances elastomer and crumb rubber compatibility and dispersion, reduces viscosity, and improves low-temperature properties of bitumen for paving and roofing applications.
• PHALANX® Warm Mix Additive An environmentally friendly warm mix additive (formerly KoolTEQ™) that reduces production and compaction temperatures and improves compactability of hot asphalt and PMB mixes. Highly dosage efficient at 0.25% to 0.50%, reduces carbon footprint and energy consumption, with paving temperatures as low as 115°C achievable.
• ButaPhalt® Crosslinking Additive An innovative crosslinking additive that improves sulfur's effectiveness in forming bridges between polymer and bitumen in PMB production. Available as free-flowing dust-free powder or pumpable liquid suspension. Reduces H2S emissions, improves thermal stability, productivity, and PMB stability. Recognized in AsphaltPro Top 15 Products of 2025.

Quantifiable outcome

• ReLIXER enables use of up to 100% RAP (Reclaimed Asphalt Pavement) in mixes while maintaining performance specifications
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core and regional.

• Modified Asphalt Research Center (MARC) at University of Wisconsin-MadisoncoreStrategic or Co-development PartnerLong-standing research partnership with MARC led by Dr. Hussain Bahia for testing and development of modified asphalt technologies. MARC evaluates and validates Sripath products for performance characteristics.
• National Transportation Research Peer Exchange (NTPEP)coreTechnology or IntegrationProducts evaluated and listed through NTPEP's independent testing program for asphalt modifiers. Sripath PGXpand is listed on NTPEP registry.
• Illinois TollwaycoreTechnology or IntegrationApproved and listed on Illinois Tollway's approved list of asphalt binder and mixture modifiers for use on Tollway projects.
• National Road Research Alliance (NRRA)coreStrategic or Co-development PartnerMember of NRRA consortium working on road research initiatives and shared learning for transportation agencies.
• Council of Scientific and Industrial Research (CSIR) - IndiaregionalStrategic or Co-development PartnerProducts evaluated by CSIR for performance in Indian market conditions and standards compliance.
• Rutgers UniversityregionalStrategic or Co-development PartnerAcademic research partnership for asphalt technology development and testing through Rutgers CAIT center.
• NC State UniversityregionalStrategic or Co-development PartnerAcademic research collaboration for asphalt additive testing and evaluation.
• University of Massachusetts DartmouthregionalStrategic or Co-development PartnerAcademic research partnership for bitumen and asphalt technology research.
• RMIT UniversityregionalStrategic or Co-development PartnerAcademic research partnership for asphalt technology development.
• ASTM InternationalcoreTechnology or IntegrationMember and participant in ASTM standards development for asphalt and bitumen testing.
• RILEM (International Union of Laboratories and Experts in Construction Materials)regionalStrategic or Co-development PartnerInternational research collaboration on construction materials testing and standards.
• Sripath InnovationscoreChannel Partner/ Reseller/ DistributorRegional operating entity serving United Kingdom, European Union, and Middle East markets.
• Sripath Asia-PaccoreChannel Partner/ Reseller/ DistributorRegional operating entity serving Australia, New Zealand, and Asia Pacific markets.
• BitpathcoreChannel Partner/ Reseller/ DistributorRegional operating entity serving India market with Bitpath brand.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Iterchimica: Italian specialty chemical company focused on asphalt additives and bitumen modification technologies (including rejuvenators, polymer modifiers, and warm-mix additives), serving paving and roofing markets across Europe and globally - the closest pure-play comparable to Sripath.

Broad incumbents

• Cargill: Global agricultural and bio-industrial giant that markets BioRejuvenate and other bio-based asphalt rejuvenators. Directly competes with Sripath's ReLIXER in the RAP-recycling category but operates across a vastly broader agricultural and food portfolio.
• Ingevity Corporation:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SripathTechnologies
• Facebookfacebook.com/SripathTechnologies
• LinkedInlinkedin.com/company/sripath-technologies
• Instagraminstagram.com/sripath_technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sripath Technologies LLC