Bitumen Emulsifiers Market Forecasts to 2028 – Global Analysis By Product (Non-ionic, Anionic and Cationic), Setting Type (Slow, Medium and Rapid), Application (Mixing and Spray), End User and By Geography
According to Stratistics MRC, the Global Bitumen Emulsifiers Market is accounted for $53.68 million in 2022 and is expected to reach $83.31 million by 2028 growing at a CAGR of 7.6% during the forecast period. Bitumen is a dark, viscous substance that is created by mixing microscopic crude distillation particles. It is an essential component of the asphalt used to build roads and other infrastructure. It is a crucial component of several infrastructure and building projects, both big and small. The current demand for bitumen emulsifiers is rising quickly, mostly due to the various government initiatives. Along with improving current roads and buildings, the government should step up its efforts to construct infrastructure.
According to the Eye Housing Organization, in November 2020, the prices for the building materials have been climbed to 116.9% in 2021, across the globe.
Market Dynamics:
Driver:
Growing use of Bitumen Emulsifiers in the additives
Emulsifiers for bitumens are used as additives to bitumens to stabilise the bitumen slurry with water. The emulsifier is a surface-active substance that permits water dilutions. Bitumen emulsifier usage has grown steadily on the international market. The expansion of more advanced projects internationally can accelerate the market growth for bitumen emulsifiers. Demand for rapid setting Bitumen Emulsifiers has increased at a favourable rate in the past and is projected to drive the market throughout the forecast period.
Restraint:
Strict regulations
The government's stringent environmental regulations are making it difficult for the bitumen emulsifier market to expand. One of the key reasons limiting the overall growth of the bitumen emulsifiers market is the negative environmental effect that bitumen emulsifiers have. In addition, some emulsifiers have corrosive properties. With a pH as low as 1, cationic bitumen emulsions are extremely acidic and slowly corrode the steel of emulsion plants. These chemicals can cause air pollution and water contamination. This is the main obstacle facing the bitumen emulsifier market.
Opportunity:
Increasing popularity of cold mix
The growing popularity of cold mix asphalt represents a significant potential for the bitumen emulsifier market. For patching potholes, building roads, and paving driveways, cold mix asphalt is a mixture of bitumen emulsion and aggregate. It is a desirable solution for building tasks in cold locations since it doesn't need heating and can be used at lower temperatures. Furthermore, several characteristics of asphalt emulsions, including as simplicity of handling, environmental friendliness, and excellent mixing ability with cement and latex, have increased demand for such emulsions, driving market growth.
Threat:
Bitumen emulsifiers storage time ranges from some days to weeks
Bitumen emulsifiers are widely utilised in road construction and maintenance. In all climatic circumstances, the bitumen emulsifiers offer superior coatings and take less time to settle. The storage duration for Bitumen Emulsion ranges from a few days to six months. The storage duration is determined by the proportion of Bitumen added during manufacture. The emulsion's product type, wind speed, and temperature all affect how long it takes to set. This aspect is anticipated to have a negative effect on the market growth.
Covid-19 Impact
The COVID-19 epidemic had a huge financial impact on the financially vulnerable building industry. The epidemic drastically disturbed the global economic cycles, having a disturbing impact on enterprises, people, financial institutions, infrastructure corporations, and industrial facilities. Businesses were shut down, and infrastructure development and construction projects were all in danger. Additionally, the building industry suffered from a lack of transportation infrastructure, a labour shortage, and decreased cash liquidity. Overall, the COVID-19 pandemic had a negative influence on the building sector.
The cationic segment is expected to be the largest during the forecast period
The cationic segment is estimated to have a lucrative growth, due to superior adherence to the mineral aggregates and improved emulsifying performance. Positively charged cationic emulsions are frequently used because of molecular attraction because the majority of aggregates are negatively charged. A cationic emulsion of bitumen is a common option and a favoured bitumen emulsifier solution for many sorts of road and building construction and maintenance operations. Because the bulk of the components used with bitumen emulsions are negatively charged, cationic bitumen emulsifiers are appropriate for use with them.
The unmodified bitumen segment is expected to have the highest CAGR during the forecast period
The unmodified bitumen segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising demand from the construction sector. Also, a number of variables, including the simplicity of producing unaltered bitumen, its affordability, the accessibility of the commodity, and rising demand in developing nations, can be attributed to the market expansion. The demand for bitumen emulsifiers for usage in unmodified bitumen emulsions will increase as road building operations increase in several nations in Asia Pacific and Latin America to improve their domestic logistics networks.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the construction of new infrastructure projects, particularly in emerging nations. As long as building activities continue in demand in the region's emerging nations, there will be strong potential prospects for the bitumen emulsifier market share. COVID-19 has had a severe effect on a number of businesses, including the chemical industry, which has resulted in a sharp fall in chemical sales. The demand for bitumen emulsifiers decreased significantly on a global scale since bitumen is heavily utilised in the production of chemicals and raw materials.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increasing urbanization in the countries of Europe as a result of the expanding population. The construction of national roads is another factor contributing to the increased demand for bitumen emulsifier market supply. Consequently, it is anticipated that Europe would see tremendous development. Furthermore, the huge industrial base existing in countries like as Germany, France, Italy, and the Netherlands is expected to considerably contribute to the industry.
Key players in the market
Some of the key players profiled in the Bitumen Emulsifiers Market include Croda International, Kao Corporation, T-Pave International, Ingevity Corporation, Evonik Industries, Arkema Group, RX Marine International, Tristate Asphalts LLC, Nouryon, Opal Paint Products, RAHA Bitumen, Vizag Chemical, Royal Dutch Shell Plc, China Petrochemical Corporation, Marathon Oil Company, McAsphalt Industries Limited, The Dow Chemical Company, Akzo, Nobel N.V, Nynas AB, Opal Paints Products Pvt Ltd.
Key Developments:
In June 2021, Arkema-Road Science announced the sponsorship of 7th E&E Congress along with the launch of a new bitumen emulsifier for cold mix applications.
In February 2019, ArrMaz, a part of Arkema Group, developed a groundbreaking technology for cost-effective and efficient chip seal pavement under the brand name ArrTekk. CRS emulsifiers are claimed to provide desired emulsion viscosity across bitumen for chip seal pavement.
Products Covered:
• Non-ionic
• Anionic
• Cationic
Setting Types Covered:
• Slow
• Medium
• Rapid
Applications Covered:
• Mixing
• Spray
End Users Covered:
• Unmodified Bitumen
• Polymer Modified Bitumen
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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