Top 3 trends favoring bitumen emulsifiers market outlook through 2024

6:49 AM, 9th February 2021
Bitumen emulsifiers can be broadly classified into cationic, anionic and non-ionic types. Cationic emulsifiers find extensive application in the construction sector, mainly in roads and pavements. This can be attributed to excellent adhesion and their compatibility with numerous aggregates.

Bitumen emulsifiers can be broadly classified into cationic, anionic, and non-ionic types. Cationic emulsifiers find extensive application in the construction sector, mainly in roads and pavements. This can be attributed to excellent adhesion and their compatibility with numerous types of aggregates. Cationic bitumen emulsifiers industry size is slated to witness a CAGR of more than 3.5 percent through 2024.

The bitumen emulsifiers market is particularly likely to observe major growth due to road construction in the United States owing to growing investments towards the construction of new highways in the region. The country boasts of the largest road network in the world of more than 6.5 million kilometers along with driveways spanning more than 77 thousand kilometers.

According to a research report by Global Market Insights Inc, global bitumen emulsifiers market is likely to exceed $150 million through 2024.  This growth can be attributed to some of the ongoing trends explained below.

Consistent demand across the construction 

Asphalt emulsifiers are widely used in different spraying applications, including prime coating, tack coating and surface dressing. In 2016, bitumen emulsifiers market share from surface dressing application was estimated to be around US$37 million. The application of these emulsifiers provides crack sealing, waterproofing, and oxidation resistance to pavements.

With rapid expansion of the construction sector, the demand for polymer modified bitumen emulsifiers has increased rapidly. Thermosetting plastics and thermoplastics are typically added to emulsifier formulations to provide enhanced resistance to permanent deformation and reduce temperature susceptibility, fatigue damage and thermal cracking of pavements.

Promising growth opportunities across US

The US government is heavily investing on the maintenance and construction of the highway network with an expenditure in 2016 of more than $91 billion. This is likely to be a key factor for market development in the region through 2024.

In addition, many novel road development initiatives in the United States like DFW Connector across Texas, the construction of I-11 in Nevada, as well as Central Florida’s I-4 would complement the overall industry outlook over the forthcoming years.    

Adoption of modern business strategies

All in all, growing road infrastructure development initiatives, and mounting construction activities are overtly indicative of massive growth opportunities for the bitumen emulsifier market. Some of the prominent players making distinguished contributions to the market landscape include Pinova, Vizag Chemicals, RX Marine International, Evonik, Chemoran, Dow Chemical Company, Petrochem Specialties, Ingevity, Kao Corporation, Industrial Oleochemical Products, Opal Paints Products, AkzoNobel, and Arkema among others.

Get detailed analysis on the Bitumen Emulsifiers Market: https://www.gminsights.com/request-sample/detail/2248

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

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