Selbyville, Delaware, Dec. 07, 2017 (GLOBE NEWSWIRE) —
Bitumen Emulsifiers Market share will surpass USD 150 million by 2024; according to a new research report by Global Market Insights, Inc.The increasing rate of road construction as well as repair activities around the globe will drive the bitumen emulsifiers demand in the forecast period. Bitumen emulsifiers are mixed in asphalt emulsions which are extensively used as coatings and binders in building as well as road maintenance & construction. Rising investments for new highway and road construction in the U.S. will propel the product market development. The country has the world’s largest road network of over 6.5 million kilometers and more than 77 thousand kilometers of driveway. The U.S. government has been investing heavily on the construction and maintenance of its extensive highway network with public sector spending of over USD 91 billion in 2016 for highway construction. This will positively affect the asphalt emulsions market which in turn will drive the product market development in the forecast period. Several new road development projects in the country such as the DFW Connector in Texas, I-11 in Nevada, and I-4 Ultimate in Central Florida will also propel the bitumen emulsifiers demand in the forecast years.
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Advantages of bitumen emulsions over normal bitumen will drive the product market in the forecast years. Asphalt emulsions have advantages such as its usability in damp environment and with wet aggregates. It can be used for any road maintenance work in minimum time and provides better coating as well as workable conditions. New technologies such as cold application also makes asphalt emulsions the most handy and efficient tool in road construction activities. The use of asphalt emulsions for soil stabilization activities will also be a key growth enabler in the forecast period. Soil stabilization is used to reduce the permeability and compress-ability of the soil in order to increase the load-bearing capacity and make the foundation of structures stronger and safer. These factors will drive asphalt emulsion demand in the forecast period and will help propel the bitumen emulsifiers market.
Based on products, the global bitumen emulsifiers industry has been categorized into cationic, non-ionic and anionic types. Non-ionic bitumen emulsifiers are mixed in asphalt emulsions where the bitumen droplets are neutral in charge and consequently will not migrate to either of the poles. Water-soluble, polar chemicals such as highly ethoxylated nonyl phenol are used to prepare nonionic emulsions. This segment will grow with more than 2.5% CAGR in the forecast period and their market value will exceed USD 13 million by 2024. Their non-ionic nature results in greater stability and excellent compatibility with other types of emulsifiers which will promote its usage in the future.
Browse key industry insights spread across 274 pages with 338 market data tables & 28 figures & charts from the report, “Plastic Compounding Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Based on setting type, the industry has been categorized into medium setting, rapid setting, and slow setting bitumen emulsifiers. Slow setting is a key segment in the market which will generate a revenue above USD 60 million by 2024. The segment’s industry growth will be propelled by their employability in various mixing applications of bitumen emulsions along with their relative stability when compared to rapid setting types. Diamines, quaternary amines, alkyl sulfonates, and other fatty acids are some commonly used slow setting bitumen emulsifiers.
Based on application, the industry has been segmented into mixing and spray applications. Tack coat is a major spray application sub-segmented which will grow by a CAGR of around 5% in the forecast period. Tack coat is an application of asphalt emulsion that provides a bond between the existing pavement and a new overlay and helps increase the fatigue life of pavements at low cost. Slurry seal & micro surfacing is an important sub-segment under the mixing applications category. The extensive usage of slurry seal & micro surfacing applications in road repairing activities will propel its industry development in the future.
Based on end-use, the industry is segmented into unmodified bitumen and polymer modified. The use of polymer modified asphalt emulsions has been gaining popularity for construction of pavements and buildings. Thermoplastic elastomers, thermoplastic polymers, and thermosetting polymers are used to enhance the properties of asphalt emulsions. Their enhanced properties make them a sought-after product in the construction of high speed roadways. This end-use segment will grow with more than 5% CAGR during the study period.
North American bitumen emulsifiers market development will be propelled by the mounting demand for asphalt emulsions for road maintenance activities in this region. The U.S. has the largest road network in the world and a massive amount of asphalt emulsion is needed for their repair and maintenance. Increasing number of road construction as well enlargement projects in the country will also drive the bitumen emulsifiers market development in the region.
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Major bitumen emulsifier manufacturers include Arkema, AkzoNobel, Opal Paints Products, Industrial Oleochemical Products, Kao Corporation, Petrochem Specialties, Ingevity, The Dow Chemical Company, Chemoran, Evonik, RX Marine International, Vizag Chemicals, Pinova, etc.
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Polymer Modified Bitumen (PMB) Market Forecast, 2017 – 2024
Polymer Modified Bitumen (PMB) Market Size was estimated over USD 9.5 billion in 2016 and the industry will likely grow by a CAGR more than 4% up to 2024. The mixture of bitumen with polymer helps to maintain the right consistency, strength and develop its visco-elastic behavior. Polymer help to increase the aesthetic properties and elasticity of the bitumen, thus making it more sustainable for different stresses. These properties fuel the PMB market demand in the infrastructure and construction industry.
Bitumen Market Forecast, 2016 – 2024
Bitumen Market size generated USD 75 billion in 2015 and is forecast to witness 4.2% CAGR by 2024. Increasing government initiatives towards road development across the globe is analyzed to be the key factor propelling the global bitumen market size. The product is extensively used as a binder in the road construction. The U.S. road and highway construction sector generated revenue roughly around USD 100 billion in 2015 and will continue to grow at a steady rate till 2024.
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