Bitumen Emulsifiers Market is classified as a dispersion of bitumen in an aqueous continuous phase, which then stabilized by the addition of an emulsifier. The strong adhesion in between bitumen and mineral enable the bitumen to act as a binder whereas mineral provides mechanical strength to the road. These are generally used when it is difficult to use heavy machinery in remote or hard to reach areas such as rural locations or confined places. This does not require any heating on the application, which helps in saving energy costs.
Some of the prominent factors that positively influence the growth of the bitumen emulsifiers market are increasing road maintenance work in minimum time, rising construction activities, and growing soil stabilization activity. In addition, soil stabilization is used to decrease the permeability and compressibility of the soil to increase the load bearing capacity and make the foundation of structures stronger and safe. Furthermore, increasing number of advanced technologies such as cold application also makes bitumen emulsion handy and efficient tool for road construction activities. For the above-mentioned reason, the market is predicted to grow at a healthy CAGR over the assessment period 2016-2023.
Major Key Players
- Croda International Plc
- Akzo Nobel N.V
- Arkema Group
- Opal Paints Products Pvt Ltd.
- Kao Corporation
- Petrochem Specialities
- The Dow Chemical Company
- Evonik Industries AG
- Vizag Chemical
The Global Bitumen Emulsifiers Market Growth is segmented on the basis of the surface charge, setting time, application, end use, and region.
On the basis of the surface charge, the market is classified into anionic, cationic, and non-ionic.
On the basis of setting time, the market is segmented into rapid, medium, and slow.
On the basis of application, the market is categorized into spray grade and mixing grade. Spray grade is further divided into the surface dressing, prime coat, penetration, tack coat, and others. And mixing grade is sub-segmented into the storable cold mix, grave emulsion, slurry seal & micro surfacing, and others.
On the basis of end use, the market is bifurcated into polymer modified bitumen and unmodified bitumen.
On the basis of region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The Global Bitumen Emulsifiers Market is categorized into five regions based on geography, namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among the above-mentioned regions, Asia Pacific is accounted for around 32% market share in 2016 and is estimated to retain its dominance over the estimated period due to increasing investments in building & construction activities specifically in China, India, Thailand, Malaysia, Japan, and Vietnam. Moreover, Asia Pacific is estimated to increase its bitumen emulsifier consumption on account of the extensive road network in the region. Moreover, rising global traffic in the developing countries of Asia Pacific is likely to require wider roads, which is expected to boost the bitumen emulsifiers’ market size over the forecast period. Moreover, the product offers superior properties such as high stickiness and desirable viscosity, which increased its adoption rate in the application of construction activity. Continuous growth in the construction industry due to government initiatives to upgrade public infrastructure is predicted to influence the bitumen emulsifiers market size over the estimated period. Additionally, rising disposable income in emerging countries has resulted in increasing number of private vehicles. Thus, the bitumen emulsifiers market share is expected to rise due to increasing demand for wider roads and highway construction.
North American Bitumen Emulsifiers Market is classified into the U.S. and Canada. The U.S. and Canada are predicted to be the leading consumer markets owing to the growing demand from road development and construction sector. Furthermore, rising government initiatives towards the redevelopment and repair of existing roads in the various cities of the U.S. and Canada is the major factor driving the product demand in the region. Moreover, rising residential remodeling practices in the U.S. boosted the demand for bitumen emulsifiers in waterproofing application over the estimated period. Latin American countries such as Brazil, Peru, Colombia, and Argentina are among the major contributors to the regional bitumen emulsifiers market and is predicted to witness a steady growth over the foreseeable future owing to technological advancement and high adoption rate.
European Bitumen Emulsifiers Market is presumed to witness an average growth over the estimated period on account of stringent government regulations and norms regarding the use of volatile organic compound products. The Middle Eastern and African countries such as Turkey, the United Arab Emirates, Oman, Saudi Arabia, and Qatar are predicted to witness a significant growth due to high economic growth rate and rising infrastructure development in the region.
Browse key industry insights spread across 140 pages with 30 market data tables and 15 figures & charts from the report, “Bitumen Emulsifiers Market Research Report: Information by Surface Charge (Anionic, Cationic and Non-Ionic), Setting Time (Rapid, Medium and Slow), Application (Spray Grade and Mixing Grade), End Use (Polymer Modified Bitumen and Unmodified Bitumen) and Region (North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/bitumen-emulsifiers-market-5128