Bitumen is a black or dark brown non-crystalline dirt or viscous substance with a sticky surface that is derived from refinery operations from petroleum crude. It is mostly obtained as a byproduct of petroleum refineries' higher fractions. It is a binder that is usually utilized in the construction of roads. The bitumen emulsifier is a surface-active agent that aids in the dissolution of bitumen in water. The objective of the bitumen emulsifier is to create a surface charge layer around the bitumen droplets in order to separate the microscopic bitumen particles. Bitumen emulsifiers aid in the dispersion of bitumen particles.
One of the primary issues with bitumen emulsions is storage duration, which can range from five to six days depending on the mixing composition. Unfavorable environmental effects such as temperature, wind, and emulsion type are important factors inhibiting the growth of the bitumen emulsifier market.
Construction activities are majorly increasing in the U. S., as well as in the UK, India, and Mexico. Governments in developing and developed countries are increasing their spending on public infrastructures such as hospitals, and educational institutions, which is fueling demand for bitumen emulsifiers. Furthermore, an increase in the need for commercial infrastructure in countries such as Indonesia, South Korea, and Malaysia is expected to drive market expansion.
The COVID-19 pandemic caused a number of uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major bitumen emulsifier producing countries such as the U. S. and China, which imposed significant challenges on the global market. The coronavirus pandemic caused a global lockdown and had a negative impact on the economy. Almost all industries were temporarily closed to control the spread of the pandemic. COVID-19 caused a decline in several markets, including the bitumen emulsifier industry, which is essential in road building.
The key players profiled in the report 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.
One of the primary issues with bitumen emulsions is storage duration, which can range from five to six days depending on the mixing composition. Unfavorable environmental effects such as temperature, wind, and emulsion type are important factors inhibiting the growth of the bitumen emulsifier market.
Construction activities are majorly increasing in the U. S., as well as in the UK, India, and Mexico. Governments in developing and developed countries are increasing their spending on public infrastructures such as hospitals, and educational institutions, which is fueling demand for bitumen emulsifiers. Furthermore, an increase in the need for commercial infrastructure in countries such as Indonesia, South Korea, and Malaysia is expected to drive market expansion.
The COVID-19 pandemic caused a number of uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major bitumen emulsifier producing countries such as the U. S. and China, which imposed significant challenges on the global market. The coronavirus pandemic caused a global lockdown and had a negative impact on the economy. Almost all industries were temporarily closed to control the spread of the pandemic. COVID-19 caused a decline in several markets, including the bitumen emulsifier industry, which is essential in road building.
The key players profiled in the report 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.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bitumen emulsifiers market analysis from 2021 to 2031 to identify the prevailing bitumen emulsifiers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bitumen emulsifiers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bitumen emulsifiers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Surface Charge
- Anionic
- Cationic
- Non-ionic
By Setting Time
- Rapid Setting Emulsion
- Medium Setting Emulsion
- Slow Setting Emulsion
By Application
- Binder
- Roofing
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest Of LAMEA
Key Market Players
- Arkema Group
- Evonik Industries
- Tristate Asphalt LLC
- Nouryon
- Croda International Plc.
- RAHA Bitumen Co.
- RX Marine International
- Xinxiang Tongda Road New Technology Co. Ltd.
- Kao Corporation
- T-Pave International Pte Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Regulatory Guidelines
3.8. Value Chain Analysis
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape
CHAPTER 4: BITUMEN EMULSIFIERS MARKET, BY SURFACE CHARGE
4.1 Overview
4.1.1 Market size and forecast
4.2 Anionic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Cationic
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Non-ionic
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: BITUMEN EMULSIFIERS MARKET, BY SETTING TIME
5.1 Overview
5.1.1 Market size and forecast
5.2 Rapid Setting Emulsion
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medium Setting Emulsion
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Slow Setting Emulsion
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: BITUMEN EMULSIFIERS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Binder
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Roofing
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: BITUMEN EMULSIFIERS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Surface Charge
7.2.3 North America Market size and forecast, by Setting Time
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Surface Charge
7.2.5.1.2 Market size and forecast, by Setting Time
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Surface Charge
7.2.5.2.2 Market size and forecast, by Setting Time
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Surface Charge
7.2.5.3.2 Market size and forecast, by Setting Time
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Surface Charge
7.3.3 Europe Market size and forecast, by Setting Time
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Surface Charge
7.3.5.1.2 Market size and forecast, by Setting Time
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Surface Charge
7.3.5.2.2 Market size and forecast, by Setting Time
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Surface Charge
7.3.5.3.2 Market size and forecast, by Setting Time
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Surface Charge
7.3.5.4.2 Market size and forecast, by Setting Time
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Surface Charge
7.3.5.5.2 Market size and forecast, by Setting Time
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Surface Charge
7.3.5.6.2 Market size and forecast, by Setting Time
7.3.5.6.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Surface Charge
7.4.3 Asia-Pacific Market size and forecast, by Setting Time
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Surface Charge
7.4.5.1.2 Market size and forecast, by Setting Time
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Surface Charge
7.4.5.2.2 Market size and forecast, by Setting Time
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Surface Charge
7.4.5.3.2 Market size and forecast, by Setting Time
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Surface Charge
7.4.5.4.2 Market size and forecast, by Setting Time
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Surface Charge
7.4.5.5.2 Market size and forecast, by Setting Time
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Surface Charge
7.4.5.6.2 Market size and forecast, by Setting Time
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Surface Charge
7.5.3 LAMEA Market size and forecast, by Setting Time
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Surface Charge
7.5.5.1.2 Market size and forecast, by Setting Time
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Surface Charge
7.5.5.2.2 Market size and forecast, by Setting Time
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 United Arab Emirates
7.5.5.3.1 Market size and forecast, by Surface Charge
7.5.5.3.2 Market size and forecast, by Setting Time
7.5.5.3.3 Market size and forecast, by Application
7.5.5.4 South Africa
7.5.5.4.1 Market size and forecast, by Surface Charge
7.5.5.4.2 Market size and forecast, by Setting Time
7.5.5.4.3 Market size and forecast, by Application
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by Surface Charge
7.5.5.5.2 Market size and forecast, by Setting Time
7.5.5.5.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Arkema Group
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Evonik Industries
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Tristate Asphalt LLC
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Nouryon
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Croda International Plc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 RAHA Bitumen Co.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 RX Marine International
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Xinxiang Tongda Road New Technology Co. Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Kao Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 T-Pave International Pte Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Bitumen Emulsifiers Market,' the bitumen emulsifiers market size was valued at $128.40 million in 2021, and is estimated to reach $184.4 million by 2031, growing at a CAGR of 3.6% from 2022 to 2031.The increase in road construction activities across the world is one of the primary reasons expected to drive the global bitumen emulsifiers market growth during the forecast period. Bitumen emulsifier is frequently used in road maintenance work because it offers a superior coating. Highways are considered as a major transportation mode and government measures to improve them are anticipated to play an important role in the growth of the bitumen emulsifiers market share. Furthermore, large investments in roadway development by the government in rural and urban areas would boost bitumen emulsifiers market trend. One of the key bitumen emulsifier industry insights is the increase in the usage of bitumen emulsion in road construction activities.
Although bitumen does not require heating during transportation, they are prone to losing viscosity over time due to the presence of water. Some manufacturers add calcium chloride to bitumen to maintain the bitumen emulsions during storage or transit. Calcium chloride is used to prevent water from osmosing into the bitumen and generating an increase in viscosity during storage or transportation.
Bitumen and its emulsions are widely used in the construction of roads and national highways across the world. For example, due to China's rapid expansion and investment in road building, asphalt used in road construction currently represents over 75% of the country's total emulsifier consumption. Due to several characteristics of asphalt emulsions, including their ease of handling, environmental friendliness, and outstanding capacity to mix with cement and latex, there is an opportunity for the bitumen emulsifiers industry.
The bitumen emulsifiers market analysis and share is segmented on the basis of surface charge, setting time, application, and region. By surface charge, it is classified into anionic, cationic, and non-ionic. By setting time, it is divided into rapid setting emulsion, medium setting emulsion, and slow setting emulsion. By application, it is classified into binder, roofing, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the bitumen emulsifier market report 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.
Impact of COVID-19 on the Global Bitumen Emulsifier Industry
Sales of bitumen emulsifiers are directly proportional to the demand from the materials and chemicals industry. However, various sectors such as chemicals and construction were negatively impacted by the COVID-19 pandemic, which has further affected the production and demand for bitumen emulsifiers due to disrupted supply chain.COVID-19 impacted almost all industries and the bitumen emulsifier producing companies ceased their operations owing to import-export restrictions, lockdowns imposed across several countries, shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market
Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market
Key Findings of the Study
Based on surface charge, the cationic sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast periodBased on setting time, the rapid setting emulsion sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth in the upcoming years
Based on application, the binder sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth in the upcoming year
Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain its position during the forecast period
Companies Mentioned
- Arkema Group
- Evonik Industries
- Tristate Asphalt LLC
- Nouryon
- Croda International PLC.
- Raha Bitumen Co.
- Rx Marine International
- Xinxiang Tongda Road New Technology Co. Ltd.
- Kao Corporation
- T-Pave International Pte Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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