Press release
Bitumen Emulsifiers Market (Covid19-Corona Impact) to see 4% CAGR up to 2024: Major companies are AkzoNobel, Arkema, Dow, Evonik, Petrochem, Ingevity, Vizag chemicals
Bitumen Emulsifiers Market
Growing frequency of road construction and repair activities across the globe are expected to propel the bitumen emulsifiers market in the coming years. Bitumen emulsifiers are added to asphalt emulsions that are extensively utilized in road maintenance and construction. Additionally, asphalt emulsions are also used as binders and coatings materials in building constructions.
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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.
Company profiled in this bitumen emulsifiers market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Arkema
3. Opal Paints Products Pvt Ltd
4. Industrial Oleochemical Products
5. Petrochem
6. Kao Corporation S.A.
7. Ingevity
8. Dow
9. Evonik
10. Chemoran
11. RX Marine International
12. Pinova, Subsidiary of DRT
13. Shaoxing Marina Biotechnology Co.,Ltd.
14. vizag chemical
15. G R Infra Project Limited
With reference to the application segment, the spray sector is anticipated to witness major growth in the bitumen emulsifiers market over the coming years. Tack coat is a key spray application that is projected to grow at a CAGR of about 5% through the forecast timeframe. Tack coat is another application avenue of asphalt emulsion as it provides a bond between a newly laid overlay and the existing pavement to further expand the fatigue life of the pavements at comparatively lesser cost.
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/bitumen-emulsifiers-market
The U.S. 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 bitumen emulsifiers 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.
More News:
Bitumen Market:
https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html
Bitumen Membranes Market: https://www.globenewswire.com/news-release/2019/07/29/1892694/0/en/Bitumen-Membranes-Market-to-cross-USD-3-5-Bn-by-2025-Global-Market-Insights-Inc.html
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