Bitumen Emulsifiers Market Analysis

Bitumen Emulsifiers Market Analysis

Cationic bitumen emulsifier is a preferable product for various road and building development & maintenance activities. Attributable to this, the segment acquired more than 75% share in the global bitumen emulsifiers market in 2020 and is expected to showcase promising growth during the projected period. They have good coating and adhesion properties with a wide range of aggregates, making them the most widely used product type in the world. As most of the aggregates used with bitumen emulsions are negatively charged, cationic bitumen emulsifiers are the most suitable to be used with them.
 

Slow setting type bitumen emulsifier will contribute over USD 100 million to the overall market by 2027. The segment is anticipated to emerge as the fastest-growing market over the forecast timeframe. Slow setting bitumen emulsifiers are relatively stable and used in bitumen emulsions where the desired rate of evaporation is slow, leading to slow setting & curing. The wide usage of this product in cold mix, cold recycling, stabilization, and waterproofing & roofing applications will support the bitumen emulsifiers market segment over the assessment timespan.
 

Unmodified bitumen is a major end-user in the bitumen emulsifiers market and will hold a dominating spot throughout the assessment timeline while reflecting a CAGR of around 4.4% through 2027. The market growth can be ascribed to several factors, such as ease in the manufacturing process of unmodified bitumen, low cost, product availability, and growing consumption in developing economies. Increasing road construction activities in many countries of Asia Pacific and Latin America to enhance their domestic logistics network will augment the demand for bitumen emulsifiers for use in unmodified bitumen emulsions.
 

North America is a major consumer of bitumen emulsifiers. The region will generate a demand of over 55 kilo tons by 2027. The maintenance and repair of these roads require a high volume of bitumen emulsions, which will drive the demand for emulsifiers. New road development projects initiated by the U.S. government will also contribute to the bitumen emulsifiers market growth.
 

For instance, in March 2021, the U.S. government unveiled its USD 2 trillion investment plan for infrastructure. Out of which, USD 600 billion will be invested in the upgrading of physical infrastructures such as bridges, roads, water systems, airports, and railways.