Global Market Insights, Inc. adds new Bitumen Emulsifiers Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
The increasing rate of road construction as well as repair activities around the globe will drive the bitumen emulsifiers demand in the forecast period. Bitumen emulsifiers are mixed in asphalt emulsions which are extensively used as coatings and binders in building as well as road maintenance & construction. Rising investments for new highway and road construction in the U.S. will propel the product market development.
Advantages of bitumen emulsions over normal bitumen will drive the product market in the forecast years. Asphalt emulsions have advantages such as its usability in damp environment and with wet aggregates. It can be used for any road maintenance work in minimum time and provides better coating as well as workable conditions. New technologies such as cold application also makes asphalt emulsions the most handy and efficient tool in road construction activities.
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Endowed with a wide-ranging expanse of application domains, bitumen emulsifiers market has been witnessing commendable remuneration over the recent years. The ever-rising pace of road construction activities around the globe has been one of the most prominent factors that have propelled the demand for bitumen emulsions. Furthermore, it would be quite imperative to mention that there have been drastic changes in the construction and infrastructure industries over the recent times, however, the centrality of bitumen as the primary raw material in these industries has remained the same, which has eventually augmented the revenue graph of the overall bitumen emulsifiers market.
Bitumen emulsifiers have been increasingly preferred over conventional bitumen as it provides better coating and can be utilized in damp conditions, which has subsequently created a barrage of lucrative opportunities for bitumen emulsifiers industry players. In addition, the leading industry players, of late, have been aiming to expand the application spectrum of bitumen emulsions by enhancing the existing tech expertise.
Elaborating further, the end-use segment of bitumen emulsifiers industry has continued to gain wide popularity as these emulsifiers are highly sought-after in the construction of pavements, high-speed roadways, and large buildings. Polymer Modified Bitumen (PMB), one of the prominent end-use products which are also known as cold emulsions, is now being commonly used to construct runways at airports for seamless take-off and landing of flights.
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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.
In such a scenario, bitumen emulsifiers industry is expected to be strongly characterized by product innovations and massive capacity expansion plans in the ensuing years. The global bitumen emulsifiers market is forecast to surpass a valuation of USD 150 million by 2024, as per estimates.
Browse key industry insights spread across 300 pages with 353 market data tables & 27 figures & charts from the report, “Bitumen Emulsifiers Marke” in detail along with the table of contents:
Bitumen emulsifiers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD thousand from 2013 to 2024, for the following segments:
Bitumen Emulsifiers Market, Product by Setting Type
- Anionic emulsifiers
- Cationic emulsifiers
- Non-ionic emulsifiers
Bitumen Emulsifiers Market by Setting Type
- Rapid setting
- Medium setting
- Slow setting
Bitumen Emulsifiers Market by Application
- Spray application
- Surface dressing
- Tack coat
- Prime coat
- Mixing application
- Cold mix
- Grave emulsion
- Slurry seal & micro surfacing
Bitumen Emulsifiers Market by End-use
- Polymer modified bitumen
- Unmodified bitumen
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- South Africa
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