Companies covered in the bitumen emulsifier market are Arkema Group, Evonik Industries, Croda International, Tristate asphalts LLC, Nouryon, RAHA Bitumen, Opal Paint Products, RX Marine International, Kao Corporation, T-Pave International, Ingevity Corporation and more players profiled.
Pune, June 29, 2022 (GLOBE NEWSWIRE) -- The global bitumen emulsifier market size is projected to hit $72.54 million by 2028 and exhibit a CAGR of 5.6% during the 2021-2028 period. The expanding road construction activities and the rising demand for bitumen emulsion are expected to be the key factors boosting the market growth. Fortune Business Insights™ has presented this information in its report. The market size stood at $46.37 million in 2020 and $49.51 million in 2021. Additionally, the development of eco-friendly resins is likely to be a key trend stimulating market growth in the forthcoming years.
List of Key Market Players-
Arkema Group (Colombes, France)
Evonik Industries (Essen, Germany)
Croda International (Snaith, U.K.)
Tristate asphalts LLC (New York, U.S.)
Nouryon (Amsterdam, Netherlands)
RAHA Bitumen (Isfaha, Iran)
Opal Paint Products (Noida, India)
RX Marine International (Mumbai, India)
Kao Corporation (Tokyo, Japan)
T-Pave International (Garden city, Singapore)
Ingevity Corporation (South Carolina, U.S.)
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Report Scope & Segmentation:
Market size value in 2021
USD 49.51 Million
Revenue forecast in 2028
USD 72.54 Million
CAGR of almost 5.6% 2021-2028
2017 - 2019
2021 – 2028
By Product Type, By Application, and By End Use
Value (USD Billion), and Volume (Units)
Revenue in USD million/billion and CAGR from 2022 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered
are Arkema Group, Evonik Industries, Croda International, Tristate asphalts LLC, Nouryon, RAHA Bitumen, Opal Paint Products, RX Marine International, Kao Corporation, T-Pave International, Ingevity Corporationc
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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On the basis of type, the market is trifurcated into non-ionic, anionic, and cationic. On the basis of application, the market is bifurcated into modified bitumen and unmodified bitumen. Geographically, the market is classified into Latin America, Europe, Asia Pacific, North America, and the Middle East & Africa.
It provides a comprehensive market analysis.
It assesses the various growth strategies adopted by major market players.
It highlights the impact of the COVID-19 pandemic.
It includes the latest industry developments.
It covers a detailed analysis of the various market segments: type, application, and regions.
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Drivers & Restraints-
Increasing Road Construction to Fuel Market Growth
Bitumen emulsion plays a vital role in road construction. The economic advantages significantly boost the demand for bitumen emulsions. Additionally, the lesser VOC emissions by bitumen emulsions are anticipated to fuel their demand in various construction activities. This, in turn, is likely to boost the global bitumen emulsifier market growth.
Additionally, the growing construction of roads and highways across developing nations, such as India and China, is anticipated to amplify the market growth. The high ability to mix with latex and cement, easy handling, and environment-friendly nature are some of the factors fueling the demand for bitumen emulsifiers in road construction activities.
However, the corrosive nature of the product may hinder the market growth.
Increasing Public Infrastructure Development to Boost Growth in Asia Pacific
Asia Pacific is likely to witness exponential growth in the global bitumen emulsifier market share. The availability of skilled labor and raw materials across countries such as India and China is likely to bolster the construction industry, which in turn, is projected to amplify the market growth for bitumen emulsifiers. Moreover, the increasing development of public infrastructures, including airports, highways, roads, and others, are likely to boost the market growth.
Europe is anticipated to register exemplary growth in the global market. The presence of large production bases in countries such as the Netherlands, Italy, France, and Germany, coupled with the high demand for cationic emulsions is predicted to favor the market growth.
North America is expected to gain substantial growth due to the rising adoption of bitumen emulsions. The growing awareness for the adoption of eco-friendly products boosts the market growth further.
The Middle East & Africa and Latin America are likely to register considerable growth due to the rising urbanization and industrialization across UAE, Saudi Arabia, Colombia, Argentina, and Brazil.
Major Market Players Launch New Products to Amplify their Revenues
The market is fragmented and comprises a large number of global players. Croda International, Nouryon, Arkema, and Evonik are among the key players. The major players emphasize strategic alliances to achieve competitive advantages and increase their market shares. They also adopt new product launches, mergers, acquisitions, and others to magnify their market penetration. For instance, Nouryon launched a new sustainable advanced adhesion promoter under the brand ‘WetFix G400’ in April 2019.
Key Industry Development:
April 2019 - Nouryon launched a sustainable ingredient for applications of bitumen. The company launched a new advanced adhesion promoter under the brand name WetFix G400.
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Major Table of Contents:
Definitions and Assumptions
Key Emerging Trends – For Major Countries
Industry SWOT Analysis
Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
Qualitative Insights – Impact of COVID-19 on Global Bitumen Emulsifier Market
Supply Chain Challenges
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
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Bitumen Market Share, Industry Forecast 2029
Polymer Modified Bitumen Market Share, Industry Forecast 2029
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