Bitumen Emulsifier Market Analysis, Key Players Forecast 2022-28

According to Precision Business Insights (PBI), the latest report the global bitumen emulsifier market is expected to be worth USD 221.3 million in 2021 and projected to grow at a 4.7% CAGR from 2022 to 2028. One of the primary reasons driving the global bitumen emulsifier market trend throughout the forecast period is an increase in road construction activity around the world. Bitumen emulsifier is mostly used for road maintenance work since it takes less time to settle and provides a superior coating in all working circumstances. Roadways are a popular source of transportation, and government measures to upgrade them will be critical to the growth of the bitumen emulsifiers market. Furthermore, large expenditures in roadway development will encourage modernization, which will increase product demand. One of the significant bitumen emulsifier industry insights is the increased usage of bitumen emulsion in road building operations.

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The Cationic Segment is Dominating the Bitumen Emulsifier Market:
Based on the product type the global bitumen emulsifier market is segmented into anionic, cationic, and non-ionic. The Cationic segment is anticipated to grow at a significant CAGR over the forecast years because of improved emulsifying performance and outstanding adherence to mineral aggregates Because most of the aggregates are negatively charged, molecular attraction drives the use of positively charged cationic emulsions. By the conclusion of the projection period, the anionic segment is predicted to have grown significantly.

North America Leads Bitumen Emulsifier Market:
North America is expected to hold a significant market share in the global Bitumen Emulsifier market and is projected to grow at a prominent growth rate over the forecast years because of an increase in development activity in the southern and western areas, Among the central states, Texas is experiencing the most rapid growth in construction activity, with projects for educational and public facilities in high demand. Demand for non-building construction, which includes roads and bridges, is expected to increase by 6% during the projection period. As a result, the region's use of emulsifiers in road building, repair, and maintenance will grow throughout the projection period.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Bitumen Emulsifier market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In in July 2020, Indian Oil Corporation, a state-owned oil firm in India, has announced a partnership with Total Inc., a French oil and gas corporation, to produce high-quality bitumen variations and derivatives to suit the expanding demands of the road building sector. This agreement is expected to greatly assist both companies in boosting their market share.

Detailed Segmentation
1) By Product Type
Anionic
Cationic
Non-ionic

2) By Setting Type
Rapid
Medium
Slow

3) By Application
Spray
Mixing
Cold mix
Gravure emulsion
Slurry seal & micro surfacing
Others

4) By End-user
Polymer-modified bitumen
Unmodified bitumen

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Key player's profiles in the Bitumen Emulsifier Market report are Arkema Group (Colombes, France), Evonik Industries (Essen, Germany), Croda International (Snaith, U.K.), Tristate asphalts LLC (New York, U.S.), Nouryon (Amsterdam, Netherlands), RAHA Bitumen (Isfaha, Iran), Opal Paint Products (Noida, India), RX Marine International (Mumbai, India), Kao Corporation (Tokyo, Japan), T-Pave International (Garden city, Singapore), Ingevity Corporation (South Carolina, U.S.)

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