Portland, OR, Dec. 19, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global bitumen emulsifiers market was estimated at $128.4 million in 2021 and is expected to hit $184.4 million by 2031, registering a CAGR of 3.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $128.4 Million |
| Market Size in 2031 | $184.4 Million |
| CAGR | 3.6% |
| No. of Pages in Report | 300 |
| Segments Covered | Surface Charge, Setting Time, Application, and Region. |
| Drivers | Construction of new roads in developing countries |
| Rise in popularity of cold mix asphalts | |
| Restraints | Extensive manufacturing process |
| Expensive raw materials required for its production | |
| Opportunities | Expansion of new infrastructure projects |
Covid-19 Scenario-
- Shortages of skilled & unskilled laborers and volatility in raw material prices resulted in delaying of road construction businesses and maintenance activities, which hampered the global bitumen emulsifiers industry.
- However, huge initiatives undertaken by governmental authorities to construct new roads and restore repair activities by the end of 2021 helped the market get back on track.
The global bitumen emulsifiers market is analyzed across surface charge, setting time, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By surface charge, the cationic segment held nearly three-fifths of the global bitumen emulsifiers market revenue in 2021, and is expected to dominate by 2031. The same segment would also manifest the fastest CAGR of 3.9% throughout the forecast period. The anionic and non-ionic segments are also assessed through the study.
By setting time, the rapid setting emulsion segment held more than half of the global bitumen emulsifiers market share in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 4.0% throughout the forecast period. The medium-setting emulsion and slow-setting emulsion segments are also analyzed in the report.
By application, the binder segment contributed to more than three-fourths of the global bitumen emulsifiers market share in 2021, and is projected to retain its dominance throughout the forecast period. The same segment would also manifest the fastest CAGR of 3.8% during the forecast period. The roofing segment is also assessed through the study.
Based on region, the market across Asia-Pacific generated more than two-thirds of the global bitumen emulsifiers market share in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also portray the fastest CAGR of 4.3% during the forecast period. The other provinces analyzed through the report include North America, LAMEA, and Europe.
The key market players analyzed in the global bitumen emulsifiers market report include British Petroleum, Chevron Texaco Corporation, China Petrochemical Corporation, JX Nippon Oil & Energy Corporation, Royal Dutch Shell Plc, Total S.A., Nynas AB, Marathon Oil Company, and Indian Oil Corporation.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
