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
Competitive Dashboard:
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) are some of the prominent players at the forefront of competition in the global bitumen emulsifier market and are profiled in MRFR Analysis
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Bitumen Emulsifier Market
According to the findings of some of the leading market research institutes the global construction chemicals market is estimated to expand at a robust CAGR 9%. This trend may help the market to attain a double digit million dollar mark by the end of the assessment period 2017 to 2023. The bitumen emulsifiers is one of the significant products which is necessarily used in applications such as transportation or road industry and residential & non-residential buildings.
Almost over 65% of the commercial road construction applications opt for the bitumen emulsifiers to improve the flow properties of the asphalt, which helps in achieving the economic viability of the project. Some of the other substantial factors driving growth of the market includes high rate of population rise fuelling the urbanization and expediting industrialization and other infrastructural developments, especially among the emerging economies such as India and China. Furthermore, advent of innovative technologies and growing R&D undertaken by leading market players in this market. Collectively, all these factors are anticipated to boost growth of the market in coming years.
Bitumen Emulsifier Market Competitive Landscape
The global bitumen emulsifier is a highly mature market, which is primarily driven by the flourishing growth road construction industry, along with the surging building & construction industry. The market consists of significant numbers of tier 1 companies. Evonik Industries AG, Akzo Nobel N.V, Croda International Plc., and Kao Corporation are the major manufacturers among them. These players operating in this market holding substantial share of the market and have substantial contribution to the growth of the market during the forecast period 2017-2023. Many market participants are mainly adopting the capacity expansion and product launch business tactics in order to strengthen their market position and seize significant revenue.
Industry/ Innovation/ Related News
July 1, 2017- Indian based public sector company Indian Oil Corporation Limited (IOCL) has launched new advanced bitumen called Durapave. According to the company this the state-of-the-art bitumen would help construction and maintenance of roads in an economic and affordable way. The Durapave is flow-able even at ambient temperature and consists of very minute asphalt globule suspended in water using emulsifiers. This product is anticipated to provide prudent cost effective solution to building and maintenance of roads.
April 26, 2017- Road Science, a division of the U.S. based global leader in the development of specialty chemicals for the asphalt, mining, fertilizer, and others, ArrMaz has entered into a supply agreement with Cargill’s industrial specialties. Under the terms of an agreement Road Science limited is an exclusive buyer of Cargil’s unique bio-based Anova™ anti-strip and emulsifiers. The agreement augmented the global supply and sourcing capability of various bio-based specialty chemicals, which helped Road Science’s marketing, technical, and distribution capabilities.
June 3, 2016- The European technical reference used for bitumen additives demonstrated its wide range of products for the road transportation industry at the 6th Euroasphalt and Eurobitumen Congress in Prague (2016). CECA engages in manufacturing of specialty additives used as ant-stripping agents, asphalt emulsifiers, and warm mix additives. This helped the company for effective branding of its products which helped them to gain sizeable share of the market.
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Regional Analysis
The Asia Pacific is expected to be the largest Bitumen Emulsifiers Market followed by North America and Europe. Construction industry growth in China, Thailand, Vietnam, and India is predicted to drive the regional market growth in the Asia Pacific. In North America, the U.S is accounted for the largest market share due to growing demand from road construction and infrastructure maintenance sector. European countries such as Germany, the U.K, and Italy are among the major regional market contributor due to the strong development and stringent government regulations. The Middle East & African countries are estimated to witness a robust market growth owing to rising building & construction activities.
Market Segmentation
The global bitumen emulsifiers market is segmented into surface charge, setting time, application, end use, and region.
On the basis of the surface charge, the market is classified into anionic, cationic, and non-ionic.
On the basis of setting time, the market is segmented into rapid, medium, and slow.
On the basis of application, the market is segmented into spray and mixing grade. Spray grade is further categorized into the surface dressing, prime coat, penetration, tack coat, and others. Whereas, mixing grade is divided into the storable cold mix, grave emulsion, slurry seal & micro surfacing, and others.
On the basis of end use, the market is classified into polymer modified bitumen and unmodified bitumen. Polymer modified bitumen is predicted to register healthy growth due to rising usage in the construction of pavements and buildings
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Bitumen Emulsifiers Market
5 Industry Overview Of Global Bitumen Emulsifiers Market
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