Bitumen Emulsifier Market 2022, Rising Demand for Bitumen Emulsions

According to Precision Business Insights (PBI), the latest report, the bitumen emulsifier market is expected to be valued at USD 49.3 billion in 2022 and is poised to grow at a significant CAGR of 5.9% over 2022–2028.  The primary driver of the expansion of the global Bitumen Emulsifier market are…

According to Precision Business Insights (PBI), the latest report, the bitumen emulsifier market is expected to be valued at USD 49.3 billion in 2022 and is poised to grow at a significant CAGR of 5.9% over 2022–2028.  The primary driver of the expansion of the global Bitumen Emulsifier market are increasing usage of bitumen emulsifiers in additives, and growing urbanization across globe.

Cationic Bitumen Emulsifier Segment to Dominate the Bitumen Emulsifier Market:

Based on the surface charge, the cationic bitumen emulsifier is expected to register the highest growth rate over the forecast period. Cationic bitumen emulsifiers are in huge demand as they can be simply mixed with water and other chemical additives to produce a stable aggregator which can be useful for pavements. These properties surely increased the demand of cationic bitumen emulsifier segments, consequently bitumen emulsifier market would expect to expand in the coming next few years.

Asia Pacific Bitumen Emulsifier Market:

The Asia Pacific is projected to hold a significant share of the global bitumen emulsifier market, over the forecast period owing to increasing construction activities, mainly in India, China, and Japan, which require a high amount of bitumen emulsifier. Furthermore, making huge investments in emerging economies in the Asia Pacific, such as Indonesia and Vietnam, is another major factor anticipated to expand the market in the region over the forecast period.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:

The global market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

The market is segmented based on surface charge, setting time, application, end-user and geography:

1) By Product: Anionic, Cationic, Non-ionic.

2) By Setting Type: Rapid, Medium, Slow

3) By Application: Spray, Mixing

4) By End-user: Polymer Modified Bitumen, Unmodified Bitumen

Key players profiles in the bitumen emulsifier market report are Nouryon, Croda International Plc., Arkema Group, Evonik Industries, Opal Paints Products Pvt. Ltd., Tristate Asphalt LLC, RAHA Bitumen Co., RX Marine International, Jiangxi Simo Biological Chemical Co. Ltd., Chemoran, Kao Corporation, and G R Infraprojects Ltd.

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