Bitumen Emulsifier Market by Surface Charge (Anionic, Cationic, and Non-ionic), Setting Time (Rapid Setting Emulsion, Medium Setting Emulsion, and Slow Setting Emulsion), and Application (Binder, Roofing, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

Advanced Materials

MA200128

Pages: 300

Jan 2023

Reports Overview

Global Bitumen Emulsifier Market Analysis

The Global Bitumen Emulsifier Market Size was $128.4 million in 2021 and is predicted to expand at a CAGR of 3.6%, generating a revenue of $184.4 million by 2031.

Global Bitumen Emulsifier Market Synopsis

Bitumen emulsifier is a mixture of water and bitumen. Bitumen is utilized in the building of roadways in developing and impoverished countries. It is utilized in recycling and road repairs in wealthy countries. Bitumen emulsifier has anti-stripping qualities. Concrete structure protection, ground permeation, metal surface coating, electro and waterproof cardboard manufacture, electro and thermal insulation materials sand grouting, soil insulation, and waterproofing are its applications. The governments of various countries are investing heavily in road development and maintenance due to rapid urbanization. It takes less time to settle and produces superior coatings in all climatic situations. These elements are having a positive impact on the growth of bitumen emulsifiers.

However, the primary difficulties in the bitumen emulsifier market include severe environmental laws, high product costs, and a complex production process. The market for bitumen emulsifiers is hampered by tight environmental laws. The creation of bitumen emulsifiers requires the employment of hazardous chemicals, which are emitted into the environment throughout the manufacturing process. These compounds can pollute the air and water, resulting in tight environmental laws.

Bitumen emulsifier demand is being driven by governments in both developing and wealthy nations increasing their spending on public sector infrastructure, including hospitals, institutions, and railroads. Nations like India, Indonesia, South Korea, and Malaysia are experiencing a rise in demand for commercial infrastructure, which is propelling market expansion. In contrast to Indonesia, which has experienced stable economic growth, China has experienced far slower growth in the construction sector, and it is anticipated that Indonesia will soon surpass Japan in this regard.

Bitumen Emulsifier Overview

Bitumen is a black viscous fluid that is created by combining small crude distillation particles. It is an important component of asphalt, which is used to build roads and other infrastructure. It is a vital material for both large and minor infrastructure and building projects. At the moment, the demand for bitumen emulsifiers is expanding, owing mostly to the various government programs.

COVID-19 Impact on Global Bitumen Emulsifier Market

The COVID-19 pandemic had a negative impact on the market for bitumen emulsifiers worldwide. In the road construction industry, cationic, anionic, and rapid setting bitumen emulsifiers are frequently employed. These diverse emulsifiers are selected based on the environment and length of the project. The bitumen emulsifier market growth is predicted to experience growth in the post-COVID-19 era. Roads are crucial for establishing an economy, preserving trade routes, boosting tourism, and connecting different locations. To prevent the connection from breaking, any nation must take all necessary measures to sustain them. The bitumen emulsifier is a crucial element in the building and upkeep of roads. The world was put on lockdown as a result of the coronavirus outbreak, which had a negative impact on the economy. To stop the pandemic from spreading, almost every industry was temporarily shut down. This caused a decline in a number of markets, including the market for bitumen emulsifiers, which is crucial for constructing and maintaining roads.

For instance, in July 2020, Indian Oil Corporation, an Indian state-run oil company, announced cooperation with Total Inc., a French oil and gas corporation, to create high-quality bitumen variations and derivatives to suit the expanding demands of the road-building sector. This agreement is expected to significantly assist both companies in boosting their market share.

Global Bitumen Emulsifier Market Growing Significantly Due to Increasing Road Construction Activity

Increasing road-building activities throughout the world is one of the primary reasons driving the global bitumen emulsifier market growth during the forecast period. Bitumen emulsifier is mostly used for road maintenance work since it requires less time to settle and provides a superior coating in all working situations. Roadways are a popular source of transportation, and government measures to upgrade them will play an important role in the growth of the bitumen emulsifiers market. Furthermore, large investments in roadway development will increase modernization, which will boost product demand. One of the key bitumen emulsifier industry insights is the increase in the usage of bitumen emulsion in road-building operations.

To know more about the global bitumen emulsifier market drivers, get in touch with our analysts here.

Storage Duration and Environmental Conditions Pose Significant Threat to Growth of Bitumen Emulsifier Industry

The main issue with bitumen emulsions are the storage period, which can range from 5 to 6 days depending on the composition of the mixing process. Elements that have a negative impact on the environment, such as temperature, wind, and emulsion type, have a substantial negative impact on the bitumen emulsifier market's expansion.

Growing Urbanization Driving the Building of Well-developed Roadways in Countries, Resulting in an Expanding Economy and Opportunities for Global Bitumen Emulsifier Market

Bitumen emulsifiers are additives that are added to bitumen to regulate the bitumen slurry with water. The emulsifier is a surface-active substance that enables water dilution. The use of bitumen emulsifiers has increased in the global market at fair rates. The growth in the bitumen emulsifier market can be increased with more developed projects across countries. Infrastructure development eventually benefits a country's economy. The growth in the bitumen emulsifier market demand is attributed to road development in emerging nations as a result of urbanization, as well as the maintenance of existing roads in developed and developing countries. Bitumen improves coatings in various environmental conditions. Roadways are one of the most popular routes of transportation, and governments are investing heavily in their growth and construction. Growing urbanization is spurring the building of well-developed roadways in countries, resulting in an expanding economy. These reasons are propelling the global bitumen emulsifier market growth.

To know more about the global bitumen emulsifier market opportunities, get in touch with our analysts here.

Global Bitumen Emulsifier Market, by Surface Charge

On the basis of surface charge, the market is divided into anionic, cationic, and non-ionic. Among these, the cationic segment accounted for the highest market share in 2021, whereas the anionic sub-segment is estimated to show the fastest growth during the forecast period.