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Bitumen Emulsifiers Market size to exceed $340 million by 2027

  • Published Date: October 19, 2021

According to a new research report by Global Market Insights Inc., the Bitumen Emulsifiers Market size to exceed USD 340 million by 2027. The consumption of bitumen emulsifiers is growing owing to rising investments in infrastructure development projects, especially in developing regions. For instance, as per the Asian Development Bank, an investment of around USD 26 trillion by 2030 will be required to cater to the surging infrastructure needs in Asia Pacific.

Rising road development projects in emerging nations of Latin America and Asia Pacific will drive product consumption in road construction and maintenance applications. In addition, investments focused on road maintenance and construction activities in the U.S. will also be a contributing factor for the industry growth. Increasing residential and commercial building constructions in many parts of the world due to the increasing urban population will also favor the bitumen emulsifiers market development during the study period.

On the other hand, the economic disruption caused by the COVID-19 pandemic has severely impacted the market development in 2020. Government restrictions imposed to curb the impact of the coronavirus outbreak resulted in havoc for the industry and negatively influenced the business profitability of several industry participants. The bitumen emulsifiers market is expected to rebound due to investments injected into the economy to alleviate the impacts of the pandemic.

Browse key industry insights spread across 320 pages with 457 market data tables & 35 figures & charts from the report, “Bitumen Emulsifiers Market Size, By Product (Anionic, Cationic, Non-ionic), By Setting Type (Rapid, Medium, Slow), By Application (Spray [Surface Dressing, Tack Coat, Prime Coat], Mixing [Cold Mix, Grave Emulsion, Slurry Seal & Micro Surfacing]), By End-use (Polymer Modified Bitumen, Unmodified Bitumen), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027”, in detail along with the table of contents:

Growing consumer preference for anionic bitumen emulsifiers

The anionic bitumen emulsifier segment is anticipated to register a CAGR of over 5% during the forecast timeline. Anionic emulsifiers are used in bitumen emulsions where tiny droplets of bitumen are required to be electro-negatively charged. These emulsifiers have been used in bitumen emulsion for a long time. They are slowly losing popularity in recent years due to the better performance of cationic emulsifiers in adhering to a wide range of aggregates.

Medium setting type bitumen emulsifier to gain significant traction

Bitumen emulsifier with moderate setting properties will account for more than 20% market share by 2027. Tallow diamines & tall oil fatty acids are common emulsifiers that are used in mixing & asphalt spray applications. Medium setting bitumen emulsifiers are used where a rapid breakdown of bitumen emulsions is not necessary. The segment growth will be chiefly propelled by its usage in surface dressing and macadam.

Europe to witness significant growth in the future

The European bitumen emulsifiers market will register a CAGR of around 4.6% during the forecast timeframe. A large network of roads in many European countries, such as France, Germany, the UK, etc., will propel product demand for road maintenance purposes. Industrial and economic developments in the Eastern European countries will increase demand for high-quality residential buildings in the future, which will also be a key growth enabler in the bitumen emulsifiers industry.

Acquisitions and partnerships to garner growth prospects for market players

Prominent participants in the global bitumen emulsifiers industry include Ingevity Corporation, Nouryon, Arkema Group, Opal Paints Products Pvt. Ltd., ENFALT, Petrochem Specialities, Kao Corporation, Vialit, The Dow Chemical Company, Evonik, Chemoran, RX Marine International, Pinova, Inc., Shaoxing Shangyu Simo Research Institute of Organic Chemistry, Vizag Chemicals, and G R Infraprojects Ltd. (GRIL).

These industry players are focused on various strategic initiatives to strengthen their market position. For instance, in May 2021, Ingevity Corporation signed a strategic partnership with GreenGasUSA Holdings, LLC. (GreenGas), an integrated Renewable Natural Gas (RNG) solutions provider that helps customers to reduce their environmental impacts.

Authors: Kiran Pulidindi, Akshay Prakash