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Bitumen Emulsifiers Market Size

Report ID: GMI2248
Published Date: Oct 2021
Report Format: PDF

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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.

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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.

Bitumen Emulsifiers Market Report Attributes
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:	Increasing road development and construction activities Superior quality of bitumen emulsions over conventional bitumen Soil stabilization in desert areas
Pitfalls & Challenges:	Use of concrete and bio-asphalt as substitutes for asphalt

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global bitumen emulsifiers market share was over USD 245 million in 2020 and will observe a CAGR of more than 4.6% through 2027 driven by higher application scope to exhibit superior characteristics in comparison to conventional emulsions.

Bitumen emulsion, which is a mixture of fine droplets of bitumen, emulsifier, and water, is widely adopted as a binder in road construction and maintenance activities.

Cationic bitumen emulsifier products held over 75% of the overall industry remuneration in 2020 due to increasing penetration in a vast number of road and building development & maintenance activities.

Revenue of the slow setting type bitumen emulsifiers industry is expected to surpass USD 100 million through 2027 due to higher usage in cold mix, cold recycling, stabilization, and waterproofing & roofing applications.

North America bitumen emulsifiers market will cross 55 kilo tons in terms of volume by 2027 driven by the rise in the number of maintenance and repair activities of roads in the region.