Global Bitumen Emulsifiers Market Research Report by Surface Charge (Anionic, Cationic, And Non-Ionic), Setting Time (Rapid, Medium, Slow), Application (Spray Grade and Mixing Grade), End Use (Polymer Modified Bitumen and Unmodified Bitumen) and Region- Forecast till 2023
Pune, India -- (SBWIRE) -- 03/05/2018 -- The Global Bitumen Emulsifiers Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among the above-mentioned regions, Asia Pacific is accounted for around 32% market share in 2016 and is estimated to retain its dominance over the estimated period due to increasing investments in building & construction activities specifically in China, India, Thailand, Malaysia, Japan, and Vietnam. Moreover, Asia Pacific is estimated to increase its Bitumen Emulsifier consumption on account of the extensive road network in the region. Moreover, rising global traffic in the developing countries of Asia Pacific is likely to require wider roads, which is expected to boost the bitumen emulsifiers' market size over the forecast period. Moreover, the product offers superior properties such as high stickiness and desirable viscosity, which increased its adoption rate in the application of construction activity. Continuous growth in the construction industry due to government initiatives to upgrade public infrastructure is predicted to influence the Bitumen Emulsifiers Market size over the estimated period. Additionally, rising disposable income in emerging countries has resulted in increasing number of private vehicles. Thus, the Bitumen Emulsifiers Market share is expected to rise due to increasing demand for wider roads and highway construction.
North American Bitumen Emulsifiers Market is classified into the U.S. and Canada. The U.S. and Canada are predicted to be the leading consumer markets owing to the growing demand from road development and construction sector. Furthermore, rising government initiatives towards the redevelopment and repair of existing roads in the various cities of the U.S. and Canada is the major factor driving the product demand in the region. Moreover, rising residential remodeling practices in the U.S. boosted the demand for Bitumen Emulsifiers in waterproofing application over the estimated period. Latin American countries such as Brazil, Peru, Colombia, and Argentina are among the major contributors to the regional bitumen emulsifiers market and is predicted to witness a steady growth over the foreseeable future owing to technological advancement and high adoption rate.
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European Bitumen Emulsifiers Market is presumed to witness an average growth over the estimated period on account of stringent government regulations and norms regarding the use of volatile organic compound products. The Middle Eastern and African countries such as Turkey, the United Arab Emirates, Oman, Saudi Arabia, and Qatar are predicted to witness a significant growth due to high economic growth rate and rising infrastructure development in the region.
Major 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.
The Global Bitumen Emulsifiers Market is segmented on the basis of the surface charge, setting time, application, end use, and region.
On the Basis of the Surface Charge, the market is classified into anionic, cationic, and non-ionic.
On the Basis of Setting Time, the market is segmented into rapid, medium, and slow.
On the Basis of Application, the market is categorized into spray grade and mixing grade. 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.
On the Basis of End Use, the market is bifurcated into polymer modified bitumen and unmodified bitumen.
On the Basis of Region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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