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Bitumen Emulsifiers Market will show exponential growth in the coming years

Author : Ronak Bora | Published Date : 2019-08-06 

The bitumen emulsifiers market is fragmented into anionic, non-ionic, and cationic types. In 2016, cationic accounted for around two-third of the market share and will grow at a CAGR of over 3.5% until the end of 2024. Cationic bitumen emulsifiers provide excellent adhesion and compatibility with various other aggregates, providing enviable growth to product market.

In 2016, slow setting type bitumen emulsifiers market was around USD 45 million and will grow at a CAGR of over 4% in the next seven years down the line. Some commonly used slow setting type bitumen emulsifiers are quaternary amines, diamines, alkyl sulfonates, and fatty acids.

On the basis of application, the asphalt market is bifurcated as spray and mixing. Road repairing activities will escalate the slurry seal and micro surfacing application, which will propel the demand for bitumen emulsifiers in upcoming years. In 2016, surface dressing generated a revenue of approximately USD 37 million owing to the use of the product to provide waterproofing, crack sealing, and oxidation resistance to pavements.

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Polymer modified bitumen emulsifiers is employed in construction activities owing to their enhanced characteristics when compared with unmodified bitumen. Some polymers added to asphalt emulsion include thermosetting and thermoplastics, which provide greater resistance to permanent deformation, less thermal cracking, lesser fatigue damage, and lesser temperature susceptibility to pavements.

Speaking of the regional growth outlook, the burgeoning road construction projects in the fast-growing economies across the Asia Pacific, particularly India and China, have proved to be the chief growth drivers of the APAC bitumen emulsifiers market. According to the official statistics released in 2015, India commanded a road infrastructure of 3.3 million kilometers, the second largest after the USA.

The Indian government had earmarked investments of around USD 20 billion for road construction and maintenance projects during the 2012-2017 five-year plan, which roughly translates to about 10% of the total government spending in these five years. Based on the estimated demand from the upcoming projects, India’s bitumen consumption is likely to outshine its domestic production capacity over the forthcoming years, which would undeniably propel the overall bitumen emulsifiers market share.

North America depicted the maximum growth due to an increase in the construction and pavement activities. The U.S. drives the regional market of North America for maintaining the world's longest road network, which will surge the demand for asphalt emulsions.

The major participants of the bitumen emulsifiers market are Arkema Group, Chemoran, Petrochem, Kao Corporation, Specialties, AkzoNobel N.V., The Dow Chemical Company, Vizag Chemicals, Opal Paints Products Pvt. Ltd., Evonik, and Ingevity Corporation.

Glimpse of Table of Content (ToC)

Chapter 4.   Bitumen Emulsifiers Market, Product By Setting Type

4.1.   Global bitumen emulsifiers market share by product, 2016 & 2024

4.2.   Anionic

4.2.1.    Market estimates and forecasts by setting type, 2013 – 2024

·   Rapid

·    Medium

·    Slow

4.2.2.    Market estimates and forecasts by region, 2013 – 2024

4.3.   Cationic

4.3.1.    Market estimates and forecasts by setting type, 2013 – 2024

·   Rapid

·    Medium

·    Slow

4.3.2.    Market estimates and forecasts by region, 2013 – 2024

4.4.   Non-ionic

4.4.1.    Market estimates and forecasts by setting type, 2013 – 2024

·   Rapid

·    Medium

·    Slow

4.4.2.    Market estimates and forecasts by region, 2013 – 2024

Chapter 5.  Bitumen Emulsifiers Market, By Setting Type

5.1.   Global bitumen emulsifiers market share by setting type, 2016 & 2024

5.2.   Rapid

5.2.1.    Market estimates and forecasts, 2013 - 2024

5.2.2.    Market estimates and forecasts by region, 2013 – 2024

5.3.   Medium

5.3.1.    Market estimates and forecasts, 2013 - 2024

5.3.2.    Market estimates and forecasts by region, 2013 – 2024

5.4.   Slow

5.4.1.    Market estimates and forecasts, 2013 - 2024

5.4.2.    Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/bitumen-emulsifiers-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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