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Bitumen Emulsifiers Market Size
- Report ID: GMI2248
- Published Date: Oct 2021
- Report Format: PDF
Bitumen Emulsifiers Market Size
Bitumen Emulsifiers Market size was valued at around USD 245 million in 2020 and is anticipated to exhibit a CAGR of over 4.6% from 2021 to 2027. Growing applications of bitumen emulsions over conventional emulsions owing to their superior characteristics will fuel industry development throughout the forecast timeline.
Bitumen emulsion is a mixture of fine droplets of bitumen, emulsifier, and water. These are used as a binder in road construction and maintenance activities. Their extensive usage for road development applications will drive the bitumen emulsifiers market share during the forecast timeframe. Increasing road construction activities in the emerging economies of Asia Pacific and Latin America will fuel bitumen emulsifier demand in paving applications. The Asia Pacific infrastructure market is expected to grow at a substantial rate over the forecast timeframe, which is expected to represent nearly 60% of the world’s total infrastructure industry by 2025.
In addition, the superior characteristics of bitumen emulsion over other conventional bitumen are further enabling the industry expansion. Along with wet aggregates, it can be used in a damp environment as well. Bitumen emulsion is suitable for any road repair work and requires minimum time. It is environmental-friendly as heating is not required to work with bitumen emulsion; hence, they do not contaminate the air. Moreover, the cold application of bitumen emulsions makes them the handiest and efficient material in road construction & maintenance.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Bitumen Emulsifiers Market Size in 2020: | 245 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 4.6% |
| 2027 Value Projection: | 344 million (USD) |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 320 |
| Tables, Charts & Figures: | 492 |
| Segments covered: | Product, Setting Type, Application, End-user, & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The COVID-19 pandemic had a severe impact on the industry in 2020. The coronavirus outbreak caused a worldwide lockdown and had a significant economic impact. Almost all industries were forced to close to stop the spread of coronavirus that had already claimed many lives. The pandemic caused a fall in several markets that plays an important part in road building and maintenance.
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Bitumen Emulsifiers Market Scope
