Bitumen Emulsifier Market Overview with Demographic Data and Industry Growth Trends 2019-2026

According to a new report published by Research Dive, the global bitumen emulsifier market is likely to rise at a 4.2% CAGR, and will reach up to $157.9 million during the forecast period. The market is studied on the basis of product type, application, setting type, end use, and region. The report offers thorough insights on drivers, restraints, opportunities, key segments, and key market players in the industry. Our analysts have evaluated that the growing usage of bitumen emulsion for road construction activities is one of the major factors driving the growth of bitumen emulsifier market globally. Road construction activities is one of the major key trends that is clustering the growth of the global industry. Asia-Pacific region will dominate the global market and provide vital growth opportunities mainly due to an extensive use of bitumen emulsion in the developing countries like India and China.

Request to Download Sample at https://www.researchdive.com/download-sample/28?utm_source=OPR&utm_medium=ANIL

Construction Projects Boosting the Industry Growth
Bitumen is a dark viscous substance used to construct roads, other infrastructure, and transportation products. It is a key asphalt element that is produced by mixing small particles of petroleum distillation. The growing road construction projects is one of the major driving factors for the growth of bitumen emulsifier market. Bitumen emulsion is primarily used for road maintenance work, requires less time to settle down, and delivers better coating in all possible conditions. As roadways is the most frequently used way of transportation, huge investments to enhance the road conditions will improve the product consumption over the period of forecast.

Non-ionic to Gather Momentum in the Industry
The products studied in the report include anionic, cationic and non- Ionic. The cationic product contributed to the maximum revenue share of $85.7 million to the global market in 2018. This segment would grow at a CAGR 4.4%, and will surpass $121.3 million during the forecast period. On the other hand, the nonionic emulsifier segment is anticipated to witness the fastest growth rate of 4.4%. CAGR. On the basis of application, the market is divided into mixing and spray. The mixing application segment held the maximum size of $36.0 million in 2018, mainly due to the leading product consumption throughout the road construction activities.

Rapid Setting and Curing
Depending on setting type, the global market is divided into slow setting, medium setting, and rapid setting emulsion. The global market for rapid setting emulsion was not less than 40% in 2018, and produced a revenue of $45.8 million. The major factor driving the growth in this segment is the growing demand for mixing applications. Rapid setting emulsion breaks down the bitumen emulsifier quickly when it comes in contact with aggregate. Thus, it helps in fast setting and rapid curing. On the basis of end-product, the global industry is segmented into modified and unmodified bitumen. The demand for modified bitumen emulsions in 2018 was $19.1 million, and now will reach up to $28.6 million with 5.1% CAGR during the forecast period. This product is majorly used for construction projects through thermoplastic polymers, and thermoplastic elastomers.

Purchase Inquiry at https://www.researchdive.com/purchase-enquiry/28?utm_source=OPR&utm_medium=ANIL

Regional Growth and Top Gaining Players of the Industry
Based on region, Asia-Pacific will dominate the global bitumen emulsifier market throughout the period of forecast. This is majorly due to the presence of developing countries' increasing demand for road construction and other infrastructure activities. The global bitumen emulsifier market size for North America is expected to generate $27.3 million, with a CAGR of 3.8% from 2019 to 2026.

Some of the top gaining players of global bitumen emulsifier market include Chevron Texaco Corporation (NYSE:CVX), Marathon Oil Company (NYSE:MRO), British Petroleum (NYSE:BP), Shell (OTCMKTS: RYDAF), JX Nippon Oil & Energy Corporation, Nynas AB, Total S.A. (OTCMKTS: TTFNF), China Petrochemical Corporation, and others. These market players have adopted several strategies such as acquisitions, mergers, and joint ventures, to advance a strong position in the global market.

Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.