Bitumen Emulsifiers Market Outlook, Size, Status, And Forecast To 2024
Date: 2018-09-12   Author: Ronak Bora  Category: #market

Bitumen Emulsifiers Market Outlook, Size, Status, And Forecast To 2024

Bitumen Emulsifiers Market will surpass USD 150 million by 2024; according to a new research report. The increasing rate of road construction as well as repair activities around the globe will drive the bitumen emulsifiers demand in the forecast period. Bitumen emulsifiers are mixed in asphalt emulsions which are extensively used as coatings and binders in building as well as road maintenance & construction.

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Rising investments for new highway and road construction in the U.S. will propel the product market development. The country has the world’s largest road network of over 6.5 million kilometers and more than 77 thousand kilometers of driveway. The U.S. government has been investing heavily on the construction and maintenance of its extensive highway network with public sector spending of over USD 91 billion in 2016 for highway construction. This will positively affect the asphalt emulsions market which in turn will drive the product market development in the forecast period. Several new road development projects in the country such as the DFW Connector in Texas, I-11 in Nevada, and I-4 Ultimate in Central Florida will also propel the bitumen emulsifiers demand in the forecast years.

 

Advantages of bitumen emulsions over normal bitumen will drive the product market in the forecast years. Asphalt emulsions have advantages such as its usability in damp environment and with wet aggregates. It can be used for any road maintenance work in minimum time and provides better coating as well as workable conditions. New technologies such as cold application also makes asphalt emulsions the most handy and efficient tool in road construction activities. The use of asphalt emulsions for soil stabilization activities will also be a key growth enabler in the forecast period. Soil stabilization is used to reduce the permeability and compress-ability of the soil in order to increase the load-bearing capacity and make the foundation of structures stronger and safer.

These factors will drive asphalt emulsion demand in the forecast period and will help propel the bitumen emulsifiers market.Based on products, the global bitumen emulsifiers industry has been categorized into cationic, non-ionic and anionic types. Non-ionic bitumen emulsifiers are mixed in asphalt emulsions where the bitumen droplets are neutral in charge and consequently will not migrate to either of the poles. Water-soluble, polar chemicals such as highly ethoxylated nonyl phenol are used to prepare nonionic emulsions. This segment will grow with more than 2.5% CAGR in the forecast period and their market value will exceed USD 13 million by 2024. Their non-ionic nature results in greater stability and excellent compatibility with other types of emulsifiers which will promote its usage in the future.

 

Major bitumen emulsifier manufacturers include Arkema, AkzoNobel, Opal Paints Products, Industrial Oleochemical Products, Kao Corporation, Petrochem Specialties, Ingevity, The Dow Chemical Company, Chemoran, Evonik, RX Marine International, Vizag Chemicals, Pinova, etc.

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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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