The global bitumen emulsifiers market size is expected to foresee promising growth owing to increasing constructional activities that will lead to spur of demand for chemicals during the forecast period. Fortune Business Insights, published this information in its latest upcoming report, titled “Bitumen Emulsifiers Market Size, Share & Industry Analysis, By Charge Type (Cationic, Anionic, Non-Ionic), By Setting Time (Slow Setting, Medium Setting, Rapid Setting), By Application (Spraying Emulsifiers, Mixing Emulsifiers) Others and Regional Forecast, 2019-2028.”
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Bitumen is generally a petroleum product and being sticky in nature does not disintegrate into finer droplets when combine with water. To overcome this shortcoming, emulsifier is added to bitumen and therefore a bitumen emulsifier is a combination of finite droplets of bitumen and water. Furthermore, bitumen emulsifiers are mostly used in construction of roads across the globe owing to imparting properties such as strong adhesion, high resistance to water, tough and hard by nature, improved viscosity, and great durability. For instance, about 85% of all the bitumen application as a binder goes for manufacturing asphalt for building roadways, aircraft runways, footpaths, and other constructional activities.
What does the Bitumen Emulsifiers Market Report Include?
The marker reports includes exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The reports covers regional demographics that includes qualitative and quantitative information about the regions that are further divided into nations that are contributi9ng to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
Drivers and Restraints:
Increasing Construction Activities to Spur Demand
COVID-19 to halt construction activities? Yes, amidst the global pandemic there have been growing concerns for slowdown in the construction industry. However, federal government across the globe have not issued any special mandates for the construction industry. For instance, in USA, California Gov. Gavin Newson, on March 19, issued an official order instructing every resident to remain confined at their places; however, he granted exceptions for some essential workforce that included constructions workers who are stationed to look after the maintenance and operations of construction sites. This is witnessed as a boost to construction industry amid the havoc caused by the global pandemic, coronavirus. Thereby, increasing construction activities will bode well for the growth of the market during the forecast period.
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Regional Analysis:
Rising Infrastructural Development to Boost Demand
Among the regions, Asia-Pacific is likely to lead the growth of the market during the forecast period. This is ascribable to factors such as growing infrastructural development in this region. Furthermore, road construction activities undertaken by countries such as India, and China will propel the demand for the market in Asia-Pacific during the projected horizon. Latin America and the Middle East and Africa, on the other hand, will witness promising growth owing to rapid urbanization ion the forthcoming years. The market in North America is likely to gain momentum in the forthcoming years. This is attributable to factors such as repairing activities for old and downtrodden road conditions that will contribute to the growth of the market in the region between 2019 and 2026.
Competitive Landscape:
Arkema Acquiring ArrMaz to Spur Demand
In May 2019, Arkema announced its acquisition of ArrMaz, a US-based specialty surfactants manufacturer. This acquisition has propelled the company to combine its technologies and geographical reach, which will propel the company to outdo its rivals and maintain market stronghold. According to the report, the companies are adopting strategies such as merger and acquisition, product expansion, and collaboration to maintain market presence and gain major bitumen emulsifiers market revenue in the forthcoming years.
List of the Companies Operating in the Market:
- Arkema Group
- Evonik Industries
- Croda International Plc.
- Tristate Asphalt LLC
- Nouryon
- RAHA Bitumen Co.
- Opal Paints Products Pvt. Ltd.
- RX Marine International
- Jiangxi Simo Biological Chemical Co., Ltd.
- Xinxiang Tongda Road New Technology Co. Ltd.
- Kao Corporation
- T-Pave International Pte Ltd.
- Jiangxi SIMO Biological Chemical Co. Ltd.
- Among others
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