Bitumen Emulsifiers Market Growth by Leading Key Players are Croda International Plc (UK), Akzo Nobel N.V (the Netherlands), Arkema Group (France) etc. and Global Forecast Research Report 2023

The growth of the Bitumen Emulsifiers Market is increasing road maintenance work in minimum time, rising construction activities, and growing soil stabilization activity. In addition, soil stabilization is used to decrease the permeability and compressibility of the soil to increase the load bearing capacity and make the foundation of structures stronger and safe. Furthermore, increasing number of advanced technologies such as cold application also makes Bitumen Emulsion handy and efficient tool for road construction activities. For the above-mentioned reason, the market is predicted to grow at a healthy CAGR over the assessment period 2016-2023.

Key Players and Competition Analysis

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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Segmentation Analysis

The Global Bitumen Emulsifiers Market is segmented based on the surface charge, setting time, application, end use, and region. Based on the Surface Charge, the market is classified into anionic, cationic, and non-ionic. Based on Setting Time, the market is segmented into rapid, medium, and slow. Based on Application, the market is categorized into spray grade and mixing grade. The spray grade is further divided into the surface dressing, prime coat, penetration, tack coat, and others. And mixing grade is sub-segmented into the storable cold mix, grave emulsion, slurry seal & micro surfacing, and others. Based on End Use, the market is bifurcated into polymer modified bitumen and unmodified bitumen. Based on the Region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

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. European countries such as Russia, Spain, France, Italy, Germany, and the U.K have emerged as important consumer markets due to rising investment in research & development as well as innovation.

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Moreover, the presence of cheap labor along with encouraging government regulations such as tax benefits and incentive has resulted in the shifting of manufacturing units to the region, hence, augmenting the demand form the end-use industries. China, India, and Japan are the largest consumers of ethylene tetrafluoroethylene (ETFE) in this region. North America is anticipated to be the largest region in the market for ethylene tetrafluoroethylene (ETFE).

The high adoption rate in the end use industries such as construction, automobile among others is significantly driving the market growth. Moreover, the new construction schemes in the U.S. and Canada such as New Building Canada Trust is further expected to fuel the use of ETFE in modern residential and commercial buildings.

Market Scope

As per our Analysis, some of the prominent market factors and trends identified in the Global Bitumen Emulsifiers Market include rapid urbanization, growing demand for superior quality bitumen emulsion over conventional bitumen, and continuous growth of the road development and construction sector. Increasing middle-class population combined with constant industrialization has resulted in the expansion of road development as well as construction sector, which, in turn, is predicted to fuel the growth of the market. Furthermore, rising sports events such as racing car tournaments as well as huge spending on research & development on the production of high-quality bitumen emulsion are estimated to propel the market growth over the assessment period.

Browse the market data and information spread across 137 pages with 59 data tables and 13 figures of the report “Bitumen Emulsifiers Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/bitumen-emulsifiers-market-5128

Industry News

January 4, 2018, Market Research Future Published a Half-Cooked Research Report on Global Bitumen Emulsifiers Market.

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