Global Bitumen Emulsifiers Market Size: Insights

Bitumen is a lasting product obtained from crude oil fractional distillation process in petroleum refining. It is a highly viscous, dark and highly sticky in nature. It is mainly used as binder in the road construction activities.

The bitumen emulsifiers market will see a constant growth due to the fact, that its major use is in road and building constructions. Most of the developing countries have high growth rate in construction end-user industry and thus there is high probability of growth in this market. The innovation in the market has further pushed the use of the material in various other fields also.

The countries where the availability of fossil fuel is less, the prices of bitumen emulsifiers goes up and thus this volatility in the demand of the product arises. Fluctuations in currency values also acts as an additional factor to the price volatility, thus acting as a significant restraint to the market growth.

Global Bitumen Emulsifiers Market Size, By Application (2017-2025)

Global Bitumen Emulsifiers Market: By Application

By application, this product is having major volume share in road construction, roofing and others. The share of this product is increasing day by day in various fields like water proof layering, membranes, insulation, paint and dyes, adhesives and many more due to its low pricing and innovations.

Global Bitumen Emulsifiers Market: By Surface Charge

By surface charge, the market is divided into anionic bitumen emulsion, cationic bitumen emulsion and non-ionic emulsion. Anionic bitumen emulsion was first discovered and was used widely, but after the advent of cationic emulsion it is more favored and more widely used in the market due to its superior properties.

Global Bitumen Emulsifiers Market: By Setting Time

On the basis of setting time of the compound as slow setting emulsion, medium setting emulsion and fast setting emulsion. Usually medium setting time emulsion is used in road construction due to the fact that it optimum balance between price vs. setting time. Mostly fast setting emulsion is used in building construction.

Global Bitumen Emulsifiers Market: By Grade

The segmentation on the basis of grades of bitumen used is polymer modified bitumen, paving grade bitumen, hard grade bitumen and oxidized grade bitumen. The use of polymer modified bitumen is higher because of its newly achieved superior properties due to addition of synthetic polymers into it. Also, the usage of paving grade is high as it is used in road construction. The oxidized grade bitumen has chances of growth due its use in coating/filming of pipes.

Global Bitumen Emulsifiers Market: By Region

In North America, and Europe, the major share of bitumen emulsifiers goes to road construction and maintenance. Advancement in innovations by various R&Ds gave bitumen emulsifiers more uses and thus giving a room for growth in developed markets. In Middle Eastern countries because of its high construction rate and availability of fossil fuels the demand of this product is high and chances of growth is also there.

In the regions like Asia Pacific, Latin America due to presence of developing countries like China and India the chances of growth in this market is very high. Africa and South American countries also have good chances of growth due to their status of developing countries. Developing countries have high growth rate of construction thus implying that the use of bitumen will also grow.

Global Bitumen Emulsifiers Market: Key Players

Some major companies in global market are Total, Shell, Exxon Mobil, TIPCO asphalt, Colas, Croda International, Gazprom Neft PJSC, Vizag Chemicals, Lagan Asphalt group, Opal paints, Bitumina, Indian Oil Corporation Limited and many others.

Key strategy

To improve the standing of the company in this market, one should focus on innovations, as there are not groundbreaking improvements of bitumen as paving material. To give new products based on bitumen emulsifiers is a good way to grow in this market with cut throat competition.

Global Bitumen Emulsifiers Market: Growth Summary

As it is seen in Asia Pacific region, the developing countries like India and China are having a great pace in construction industry the growth of bitumen market will be very high. Also, the Middle Eastern region have ample opportunity for growth in this market. So, investing in regions like this can give a needed boost to companies in this market. Entering this market within this region can give a good head start the manufacturer.

Due to advent of products for insulation, sealants, dyes and paint based on bitumen the market is surely going to see ample growth in near future in various fields.