Bitumen Emulsifiers Market 2018 to 2023 Booming Trends, Share, and Growth & Fore

Posted by Priya on November 20th, 2018

Global Bitumen Emulsifiers Market Research Report by Surface Charge (Anionic, Cationic, And Non-Ionic), Setting Time (Rapid, Medium, Slow), Application (Spray Grade and Mixing Grade), End Use (Polymer Modified Bitumen and Unmodified Bitumen) and Region- Forecast till 2023

Major Key Players Covered in the report are:

Some of the prominent players operating in the Bitumen Emulsifiers Market are Croda International Plc (UK), Akzo Nobel N.V (the Netherlands), Arkema Group (France), Opal Paints Products Pvt Ltd. (India), Kao Corporation (Japan), Petrochem Specialities (India), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), Chemoran (Ireland), and Vizag Chemical (India) among others.

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Bitumen Emulsion is classified as a mixture of water, emulsion, and bitumen. Bitumen emulsion can be manufactured either in a batch or an in-line process plant. Bitumen emulsion offers a wide range of benefits overheated and cutback forms. Moreover, Bitumen Emulsion allows the mixture to reduce the viscosity without the need to continuously heat the product. These are relatively easy to handle because water is used as a diluent instead of a volatile petrochemical solvent. In addition, the lower volatility helps to decrease the storage and transportation costs. They find wide application scope in spray grade and mixing grade.

Regional Analysis:

The Global Bitumen Emulsifiers Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Asia Pacific region is estimated to grow at the highest CAGR during the review period 2016-2023 owing to a stable economy and tremendous growth of road development and construction industry. The demand for bitumen emulsifiers is predicted to propel in the various countries of the Asia Pacific such as China, India, Vietnam, Thailand, Singapore, South Korea, Malaysia, and Japan on account of high adoption rate by the road construction agencies. Moreover, in recent years, various road development projects have undertaken by the National Highway Authority of India (NHAI) under the National highway development program to strengthen National highway network handling and maintenance. With this aforementioned reason, the market growth is expected to propel in the near future.

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The Asia Pacific has emerged as the leading market region for Bitumen Emulsifiers followed by North America and Europe. In North America, the U.S. is followed by Canada in the regional market growth and both countries are estimated to register a significant growth on account of the continuous expansion of road construction as well as enlargement projects. Furthermore, increasing need for rebuilding existing structure such as highways, buildings, and bridges is estimated to fuel the regional market growth.

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Priya

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Priya
Joined: February 7th, 2018
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