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What is behind the Rise of the Bitumen Emulsifiers Market? | AkzoNobel, Arkema, Kao, Ingevity, Dow, Evonik, Chemoran, Pinova, GRIL
Bitumen Emulsifiers Market
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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 market size is slated to witness a CAGR of more than 3.5% through 2024.
On the basis of setting time, asphalt emulsifiers can be bifurcated into slow, medium, and rapid setting emulsifiers. Alkyl sulfonates, diamines, quaternary amines, and fatty acids are among the commonly used types of slow setting bitumen emulsifiers. Slow setting emulsifiers segment was valued at US$45 million in 2016 and is projected to grow at 4% 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.
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 market development in the region through 2024.
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Growth Drivers:
- Increasing road development and construction activities
- Superior quality of bitumen emulsions over conventional bitumen
- Soil stabilization in desert areas
With reference to the application segment, the bitumen emulsifiers market from the spray sector is anticipated to witness major growth 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 More News:
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
https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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