According to Precision Business Insights, the Bitumen Emulsifier Market research report provides industry size and growth.Request Sample Request Methodology
Bitumen Emulsifier Market size is estimated to be valued at USD 221.3 million in 2022 and is poised to grow at a significant CAGR of 4.7% over 2023-2029. Bitumen is a black or dark brown non-crystalline dirt or viscous substance with sticky qualities produced by refinery operations from petroleum crude. It is mainly obtained as a by-product of petroleum refineries following higher fractions. It is a binder that is commonly used in road construction. The bitumen emulsifier is a surface-active substance that aids in the dissolution of bitumen in water. The bitumen emulsifier's job is to form a surface charge layer around the bitumen droplets to separate the microscopic bitumen particles. Bitumen emulsifiers aid in the dispersion of bitumen particles. Bitumen is an soybean oil-based lubricants material that is difficult to dissolve in water, necessitating the use of bitumen emulsifiers. Based on the product type the global bitumen emulsifier market is segmented into anionic, cationic, and non-ionic. The Cationic segment is anticipated to grow at a significant CAGR over the forecast years owing to cationic bitumen emulsifiers being in high demand because they may be easily blended with water and other chemical additives to generate a stable aggregator suitable for use on pavements. A cationic bitumen emulsifier is an excellent choice for various road and building development and maintenance tasks. As a result, the category accounted for more than 75% of the worldwide bitumen emulsifiers market in 2020 and is likely to exhibit promising growth over the forecast period. They are the most extensively utilized product type worldwide due to their superior coating and adhesion barrier qualities with various aggregates. Because most aggregates used with bitumen emulsions are negatively charged, cationic bitumen emulsifiers are most suited for usage with them. Increased road-building activities are fueling the growth of the Global Bitumen Emulsifier Market.
In June 2021, Arkema-Road Science announced its support of the 7th E&E Congress, as well as the release of a novel bitumen emulsifier for cold mix applications.