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Bitumen Emulsifier Market

RA00028

Bitumen Emulsifier Market Size by Product (Anionic, Cationic, Non-ionic) By Application (Mixing, Spray) By Setting Type (Slow, Medium, Rapid) By End-use (Unmodified Bitumen, Modified Bitumen) Regional Outlook (North America, Europe, APAC, LAMEA) Global Opportunity Analysis and Industry Forecast, 2019-2026

RA00028

Pages: 270

Jan 2020

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Impact of covid-19 on Bitumen Emulsifier Market

Bitumen Emulsifier Market Outlook: 2026

Bitumen emulsifier market size was $113.6 million in 2018, and is projected to grow to $157.9 million in 2026.

Market Definition:

Bitumen is a black viscous material, obtained by the combination of tiny crude distillation particles. It is a vital component of asphalt that is utilized to construct roads, and other parts of infrastructure. It is an important material for all sorts of infrastructure and construction projects, both large and small. At present, the bitumen emulsifier demand is growing at an increasing rate, mainly driven by the numerous government policies. Increasing government initiatives for developing infrastructure, in addition to the renovation of existing roads and structures.

Key Factor for the Growth of Bitumen Emulsifiers Market:

Increase in road construction activities are giving significant boost to the growth of Global Bitumen Emulsifier Market

Increase in road construction activities across the globe is one of the major factors, which are driving the global bitumen emulsifier market trend during the projected period. Bitumen emulsifier mainly used for road maintenance work as the time required to settle down is less, and delivers better coating in all workable conditions. Roadway is one of the frequently used mode of transportation, and the government initiatives to improve them will be a key factor for the growth of bitumen emulsifiers market. Moreover, massive investments to develop roadways will further provide boost to the modernization, which in turn will enhance the product demand. Increased use of bitumen emulsion in road construction activities is one of the major bitumen emulsifier industry insights.

Market Restraints:

Storage time and the environmental factors have a severe threat to the growth of bitumen emulsifier market

Storage time is one of the major problems associated with the bitumen emulsions, which may vary from 5-6 days depending on the mixing composition. Moreover, negative impacts on the environment such as temperature, wind and type of emulsion also act as the significant factors restraining the growth of bitumen emulsifier market.

Bitumen Emulsifier Market, by Product type:

Cationic segment is predicted to be most lucrative till the end of 2026

Bitumen Emulsifier Market, by Product type

Source: Research Dive Analysis

Cationic bitumen emulsifier market grows by generating a revenue of $85.7 million in 2018, and is further projected to grow $121.3 million during the forecast period. Cationic bitumen emulsifier market size is projected to witness the fastest growth rate of 75.4%. As it is mixed with water and other chemical additives to form a stable liquid, which acts as an aggregator, when used with different metals so that it can be applied to pavements and other items.

Bitumen Emulsifier Market, by Application:

Mixing application is anticipated to be most lucrative till the end of 2026.

Bitumen Emulsifier Market, by Application

Source: Research Dive Analysis

Bitumen emulsifier market share for mixing application was accounted for $36.6 million in 2018, and is further projected to reach $52.6 million in 2026 during the projected period. Owing to the dominant product consumption during the road construction activities. In this mixing application, the hot bitumen is mixed with water containing emulsifying agent to bind the substance with the aggregator.

Bitumen Emulsifier Market, by Setting Type:

Rapid setting segment is projected to grow at a CAGR of 4.6% during the projected period

Bitumen Emulsifier Market, by Setting Type

Source: Research Dive Analysis

Rapid setting Market generated a revenue of $45.8 million in 2018, and will reach $65.6 million by 2026 during the projected period. The growth of this segment is favored by the increasing demand for mixing applications of bitumen emulsions.

Bitumen Emulsifier Market, by End use:

Modified bitumen emulsion will possess high investment opportunities in the coming future

Bitumen Emulsifier Market, by End use

Source: Research Dive Analysis

Modified bitumen emulsions market accounted for $19.1 million in the year 2018, and it will reach $28.6 million in 2026 during the projected period. The modified bitumen emulsion is mostly used for construction of buildings and pavements through thermoplastic polymers, thermoplastic elastomers, and thermosetting polymers.

Bitumen Emulsifier Market, by Region:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific region accounts for the dominant share in the global market. This region is witnessing significant growth which accounted for $40.3 million in 2018, and is further projected to reach $59.1 million in 2026 in the construction industry, owing to the growth in new infrastructural activities majorly in developing economies such as China, followed by India. North America region generated a revenue of $20.3 million in 2018, and is further projected to account $27.3 million in 2026. This is mainly due to the increasing construction activities in suburban parts of the U.S. Bitumen emulsifier market share will have significant growth opportunities in the Asia-Pacific region, as the developing countries in this region are witnessing a continuous growth in construction activities.

Key participants in Global Bitumen Emulsifier Market:

Product development and joint ventures are the most common strategies followed by the market players

Key participants in Global Bitumen Emulsifier Market

Source: Research Dive Analysis

Key companies operating in the Bitumen Emulsifier Market development include Indian Oil Corporation, British Petroleum, Chevron Texaco Corporation, JX Nippon Oil & Energy Corporation, Royal Dutch Shell Plc, Total S.A., Nynas AB, Marathon Oil Company, and China Petrochemical Corporation among many others. Bitumen emulsifier market developments include mergers & acquisitions, joint ventures and product launches.

Aspect

Particulars

Historical Market Estimations

  2016-2018

Base Year for Market Estimation

  2018

Forecast timeline for Market Projection

  2019-2026

Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

Segmentation by Type

  • Anionic
  • Cationic
  • Non Ionic

Segmentation by Application

  • Mixing
  • Spray

Segmentation by Setting Type

  • Slow setting
  • Medium setting
  • Rapid setting

Key Countries covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

Key Companies Profiled

  • British Petroleum
  • Indian Oil Corporation
  • Chevron Texaco Corporation
  • Royal Dutch Shell Plc.
  • JX Nippon Oil & Energy Corporation
  • Total S.A.
  • Nynas AB
  • Marathon Oil Company
  • China Petrochemical Corporation

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Bitumen emulsifier market size was $113.6 million in 2018, and is projected to grow at a CAGR of 4.2% from 2019 to 2026.

A. Shell, Total S.A and Nynas AB are some of the key players in the global aerospace maintenance chemical market.

A. Asia-Pacific region possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia-Pacific bitumen emulsifier market is projected to grow at a CAGR of 4.9%

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Shell and Royal Dutch Shell companies are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Type trends
2.3. Application trends
2.4. Type of Setting trends
2.5. End-use trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By type
3.8.2. By application type
3.8.3. By type of setting
3.8.4. By end type

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis

3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Bitumen Emulsifier market, By Type

4.1. Anionic

4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2016-2026

4.2. Cationic

4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2016-2026

4.3. Non - Ionic

4.3.1. Market size and forecast, by region, 2016-2026
4.3.2. Comparative market share analysis, 2016-2026

5. Bitumen Emulsifier market, By Application Type

5.1. Mixing

5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2016-2026

5.2. Spray

5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2016-2026

6. Bitumen Emulsifier Market, By Type of Setting

6.1. Slow Setting Emulsion

6.1.1. Market size and forecast, by region, 2016-2026
6.1.2. Comparative market share analysis, 2016-2026

6.2. Medium Setting Emulsion

6.2.1. Market size and forecast, by region, 2016-2026
6.2.2. Comparative market share analysis, 2016-2026

6.3. Rapid Setting Emulsion

6.3.1. Market size and forecast, by region, 2016-2026
6.3.2. Comparative market share analysis, 2016-2026

7. Bitumen Emulsifier Market, By End Use

7.1. Unmodified

7.1.1. Market size and forecast, by region, 2016-2026
7.1.2. Comparative market share analysis, 2018 & 2026

7.2. Modified

7.2.1. Market size and forecast, by region, 2016-2026
7.2.2. Comparative market share analysis, 2018 & 2026

8. Bitumen Emulsifier Market, By Region

8.1. North America

8.1.1. Market size and forecast, by type, 2016-2026
8.1.2. Market size and forecast, by application, 2016-2026
8.1.3. Market size and forecast, by end-use, 2016-2026
8.1.4. Market size and forecast, by type of setting 2016-2026
8.1.5. Market size and forecast, by country, 2016-2026
8.1.6. Comparative market share analysis, 2018 & 2026

8.1.7. U.S

8.1.7.1. Market size and forecast, by type, 2016-2026
8.1.7.2. Market size and forecast, by application, 2016-2026
8.1.7.3. Market size and forecast, by end-use, 2016-2026
8.1.7.4. Market size and forecast, by type of setting 2016-2026
8.1.7.5. Comparative market share analysis, 2018 & 2026

8.1.8. Canada

8.1.8.1. Market size and forecast, by type, 2016-2026
8.1.8.2. Market size and forecast, by application, 2016-2026
8.1.8.3. Market size and forecast, by end-use, 2016-2026
8.1.8.4. Market size and forecast, by type of setting 2016-2026
8.1.8.5. Comparative market share analysis, 2018 & 2026

8.2. Europe

8.2.1. Market size and forecast, by type, 2016-2026
8.2.2. Market size and forecast, by application, 2016-2026
8.2.3. Market size and forecast, by end-use, 2016-2026
8.2.4. Market size and forecast, by type of setting 2016-2026
8.2.5. Market size and forecast, by country, 2016-2026
8.2.6. Comparative market share analysis, 2018 & 2026

8.2.7. Germany

8.2.7.1. Market size and forecast, by type, 2016-2026
8.2.7.2. Market size and forecast, by application, 2016-2026
8.2.7.3. Market size and forecast, by end-use, 2016-2026
8.2.7.4. Market size and forecast, by type of setting 2016-2026
8.2.7.5. Comparative market share analysis, 2018 & 2026

8.2.8. France

8.2.8.1. Market size and forecast, by type, 2016-2026
8.2.8.2. Market size and forecast, by application, 2016-2026
8.2.8.3. Market size and forecast, by end-use, 2018-2026
8.2.8.4. Market size and forecast, by type of setting 2016-2026
8.2.8.5. Comparative market share analysis, 2018 & 2026

8.2.9. UK

8.2.9.1. Market size and forecast, by type, 2016-2026
8.2.9.2. Market size and forecast, by application, 2016-2026
8.2.9.3. Market size and forecast, by end-use, 2016-2026
8.2.9.4. Market size and forecast, by type of setting 2016-2026
8.2.9.5. Comparative market share analysis, 2018 & 2026

8.2.10. Italy

8.2.10.1. Market size and forecast, by type, 2016-2026
8.2.10.2. Market size and forecast, by application, 2016-2026
8.2.10.3. Market size and forecast, by end-use, 2016-2026
8.2.10.4. Market size and forecast, by type of setting 2016-2026
8.2.10.5. Comparative market share analysis, 2018 & 2026

8.2.11. Spain

8.2.11.1. Market size and forecast, by type, 2016-2026
8.2.11.2. Market size and forecast, by application, 2016-2026
8.2.11.3. Market size and forecast, by end-use, 2016-2026
8.2.11.4. Market size and forecast, by type of setting 2016-2026
8.2.11.5. Comparative market share analysis, 2018 & 2026

8.2.12. Rest of Europe

8.2.12.1. Market size and forecast, by type, 2016-2026
8.2.12.2. Market size and forecast, by application, 2016-2026
8.2.12.3. Market size and forecast, by end-use, 2016-2026
8.2.12.4. Comparative market share analysis, 2018 & 2026
8.2.12.5. Market size and forecast, by type of setting 2016-2026

8.3. Asia -Pacific

8.3.1. Market size and forecast, by type, 2016-2026
8.3.2. Market size and forecast, by application, 2016-2026
8.3.3. Market size and forecast, by end-use, 2016-2026
8.3.4. Market size and forecast, by type of setting 2016-2026
8.3.5. Market size and forecast, by country, 2016-2026
8.3.6. Comparative market share analysis, 2018 & 2026

8.3.7. China

8.3.7.1. Market size and forecast, by type, 2016-2026
8.3.7.2. Market size and forecast, by application, 2016-2026
8.3.7.3. Market size and forecast, by end-use, 2016-2026
8.3.7.4. Market size and forecast, by type of setting 2016-2026
8.3.7.5. Comparative market share analysis, 2018 & 2026

8.3.8. Japan

8.3.8.1. Market size and forecast, by type, 2016-2026
8.3.8.2. Market size and forecast, by application, 2016-2026
8.3.8.3. Market size and forecast, by end-use, 2016-2026
8.3.8.4. Market size and forecast, by type of setting 2016-2026
8.3.8.5. Comparative market share analysis, 2018 & 2026

8.3.9. India

8.3.9.1. Market size and forecast, by type, 2016-2026
8.3.9.2. Market size and forecast, by application, 2016-2026
8.3.9.3. Market size and forecast, by end-use, 2016-2026
8.3.9.4. Market size and forecast, by type of setting 2016-2026
8.3.9.5. Comparative market share analysis, 2018 & 2026

8.3.10. South Korea

8.3.10.1. Market size and forecast, by type, 2016-2026
8.3.10.2. Market size and forecast, by application, 2016-2026
8.3.10.3. Market size and forecast, by end-use, 2016-2026
8.3.10.4. Market size and forecast, by type of setting 2016-2026
8.3.10.5. Comparative market share analysis, 2018 & 2026

8.3.11. Australia

8.3.11.1. Market size and forecast, by type, 2016-2026
8.3.11.2. Market size and forecast, by application, 2016-2026
8.3.11.3. Market size and forecast, by end-use, 2016-2026
8.3.11.4. Market size and forecast, by type of setting 2016-2026
8.3.11.5. Comparative market share analysis, 2018 & 2026

8.3.12. Rest of Asia-Pacific

8.3.12.1. Market size and forecast, by type, 2016-2026
8.3.12.2. Market size and forecast, by application, 2016-2026
8.3.12.3. Market size and forecast, by end-use, 2016-2026
8.3.12.4. Market size and forecast, by type of setting 2016-2026
8.3.12.5. Comparative market share analysis, 2018 & 2026

8.4. LAMEA

8.4.1. Market size and forecast, by type, 2016-2026
8.4.2. Market size and forecast, by application, 2016-2026
8.4.3. Market size and forecast, by end-use, 2016-2026
8.4.4. Market size and forecast, by type of setting 2016-2026
8.4.5. Market size and forecast, by country, 2016-2026
8.4.6. Comparative market share analysis, 2018 & 2026

8.4.7. Brazil

8.4.7.1. Market size and forecast, by type, 2016-2026
8.4.7.2. Market size and forecast, by application, 2016-2026
8.4.7.3. Market size and forecast, by end-use, 2016-2026
8.4.7.4. Market size and forecast, by type of setting 2016-2026
8.4.7.5. Comparative market share analysis, 2018 & 2026

8.4.8. South Africa

8.4.8.1. Market size and forecast, by type, 2016-2026
8.4.8.2. Market size and forecast, by application, 2016-2026
8.4.8.3. Market size and forecast, by end-use, 2016-2026
8.4.8.4. Market size and forecast, by type of setting 2016-2026
8.4.8.5. Comparative market share analysis, 2018 & 2026

8.4.9. Saudi Arabia

8.4.9.1. Market size and forecast, by type, 2016-2026
8.4.9.2. Market size and forecast, by application, 2016-2026
8.4.9.3. Market size and forecast, by end-use, 2016-2026
8.4.9.4. Market size and forecast, by type of setting 2016-2026
8.4.9.5. Comparative market share analysis, 2018 & 2026

8.4.10. Rest of LAMEA

8.4.10.1. Market size and forecast, by type, 2016-2026
8.4.10.2. Market size and forecast, by application, 2016-2026
8.4.10.3. Market size and forecast, by end-use, 2016-2026
8.4.10.4. Market size and forecast, by type of setting 2016-2026
8.4.10.5. Comparative market share analysis, 2018 & 2026

9. Company profiles

9.1. British Petroleum

9.1.1. Business overview
9.1.2. Financial performance
9.1.3. Product portfolio
9.1.4. Recent strategic moves & developments
9.1.5. SWOT analysis

9.2. Indian Oil Corporation

9.2.1. Business overview
9.2.2. Financial performance
9.2.3. Product portfolio
9.2.4. Recent strategic moves & developments
9.2.5. SWOT analysis

9.3. Chevron Texaco Corporation

9.3.1. Business overview
9.3.2. Financial performance
9.3.3. Product portfolio
9.3.4. Recent strategic moves & developments
9.3.5. SWOT analysis

9.4. Shell

9.4.1. Business overview
9.4.2. Financial performance
9.4.3. Product portfolio
9.4.4. Recent strategic moves & developments
9.4.5. SWOT analysis

9.5. Royal Dutch Shell Plc

9.5.1. Business overview
9.5.2. Financial performance
9.5.3. Product portfolio
9.5.4. Recent strategic moves & developments
9.5.5. SWOT analysis

9.6. JX Nippon oil & Energy Corporation

9.6.1. Business overview
9.6.2. Financial performance
9.6.3. Product portfolio
9.6.4. Recent strategic moves & developments
9.6.5. SWOT analysis

9.7. Total S.A

9.7.1. Business overview
9.7.2. Financial performance
9.7.3. Product portfolio
9.7.4. Recent strategic moves & developments
9.7.5. SWOT analysis

9.8. Nynas AB

9.8.1. Business overview
9.8.2. Financial performance
9.8.3. Product portfolio
9.8.4. Recent strategic moves & developments
9.8.5. SWOT analysis

9.9. Marathon Oil Company

9.9.1. Business overview
9.9.2. Financial performance
9.9.3. Product portfolio
9.9.4. Recent strategic moves & developments

9.9.5. SWOT analysis

9.10. China Petrochemical Corporation

9.10.1. Business overview
9.10.2. Financial performance
9.10.3. Product portfolio
9.10.4. Recent strategic moves & developments
9.10.5. SWOT analysis

From the snaky mountain roads to large four-lane highways, our roads have long and captivating history. At first roads were thoughtlessly developed by humans taking the same routes repeatedly in search of water and food.

Just as molecules combine into cells and cells into more complex creatures, our roads have undergone several phases of development from unconstructed rural roads to super highways. With the advent of technology, the process of road building has altered dramatically, since the past century. It made successive developments starting from huge team of workers with picks and spades to massive machineries.

One such advanced form of road construction method is the one using bitumen emulsions. They are widely used in many pavement maintenance and construction applications because of their low temperature application.

What is bitumen emulsion?

Bitumen emulsions are a mixture of fine droplets of bitumen and water. They are traditionally made from soft bitumen grades [penetration > 70mm/10]. But as bitumen is a petroleum product it doesn’t blends with water. Also, because of its sticky nature, it doesn’t easily get fragmented into fine droplets. To deal with this problem an emulsifier is used.

Emulsifier is nothing but a surface-active agent which keeps the bitumen in its fine droplet state by prohibiting it from mixing with other droplets. As the droplets are very fine, they suspend in water.

Use of Bitumen Emulsion for Flexible Road Construction

In emerging nations such as India, rural sectors do not possess adequate transportation services. The Ministry of Rural Development (MoRD), Government of India (GoI) have decided to construct rural roads under Pradhan Mantri Gram Sadak Yojana (PMGSY). The main purpose of this initiative was to bring connectivity to all habitations under different climatic conditions. Bitumen is used as a binding agent in construction of roads and also in adhesives and protective coatings used in the construction field. In the most common processes, bitumen is heated to 100-200°C till it becomes fluid that is enough to mix with aggregate.

The traditional process of constructing roads involves the burning of bitumen which releases toxic gases that damages the environment. In colder areas, it is tough to uphold the temperature of hot mix. To tackle these problems and save the energy, bitumen emulsion can be an ideal option. Similarly, emulsion can be used in the areas having heavy rains where the hot mix plant is usually closed due to rain. However, with emulsified bitumen roads can be constructed without any difficulties even in rainy season and colder regions.

Future of Bitumen Emulsion market

Increase in the number of road construction activities worldwide, due to increasing population and favorable government initiatives are boosting the growth of bitumen emulsifier market. A report by Research Dive have presented forecasts of the bitumen emulsifier industry that shows significant growth in the market in the next few years. The report says that the market is projected to grow at a growth rate of 4.2% by 2026.

According to Times of India, the plastic that is banned and seized by the Hubballi-Dharwad Municipal Corporatiion(HDMC) cans be used with hot bitumen to asphalt roads in twin cities. All the plastic materials that are seized during raids are stored at Kannada Bhavan and HDMC’s zonal offices. The senior officers of the civic agency have been deliberating at length on the most feasible method of disposal, and have now decided to put them to good use. Vijay Kumar, the Wing Executive Engineer at HDMC said that by making use of this plastic and hot bitumen to tar the roads was the best available option for the HDMC. The Greater Chennai Corporation has successfully tested and proved that the use of plastic with bitumen intensifies the durability of roads. Further, HDMC commissioner Suresh Itnal said that he had assigned the engineers a task to formulate a plan to put the mass of seized plastic to constructive use. HDMC is expected to asphalt a small stretch using the mixed substance, based on the results of which the authorities will decide if the initiative can be applied to all the areas of the twin cities.

Additionally, according to the insights from the 10th Asian Bitumen Conference held in New Delhi, India in 2015, the increase in road constructions in the emerging markets of China and India will be the foremost drivers of the bitumen industry in Asia. Eurobitume, the voice of the European bitumen industry, is now welcoming a wider range of companies to its membership. Earlier, the association was limited to manufacturers and vendors of bitumen but now it is open to hauliers & terminal operators, polymer modified bitumen, emulsions manufacturers, equipment suppliers, additive providers, analysis and testing providers, and educational institutes. All these activities, clearly indicate that the global market for Bitumen Emulsion is to gain height in the upcoming years.

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