Bitumen Emulsifier Market – Market Overview
According to the findings of some of the leading market research institutes the global construction chemicals market is estimated to expand at a robust CAGR 9%. This trend may help the market to attain a double digit million dollar mark by the end of the assessment period 2017 to 2023. The Bitumen Emulsifiers is one of the significant products which is necessarily used in applications such as transportation or road industry and residential & non-residential buildings. Almost over 65% of the commercial road construction applications opt for the Bitumen Emulsifiers to improve the flow properties of the asphalt, which helps in achieving the economic viability of the project. Some of the other substantial factors driving growth of the market includes high rate of population rise fuelling the urbanization and expediting industrialization and other infrastructural developments, especially among the emerging economies such as India and China. Furthermore, advent of innovative technologies and growing R&D undertaken by leading market players in this market. Collectively, all these factors are anticipated to boost growth of the market in coming years.
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Bitumen Emulsifier Market- Competitive Landscape
The Global Bitumen Emulsifier Market is a highly mature market, which is primarily driven by the flourishing growth road construction industry, along with the surging building & construction industry. The market consists of significant numbers of tier 1 companies. Evonik Industries AG, Akzo Nobel N.V, Croda International Plc., and Kao Corporation are the major manufacturers among them. These players operating in this market holding substantial share of the market and have substantial contribution to the growth of the market during the forecast period 2017-2023. Many market participants are mainly adopting the capacity expansion and product launch business tactics in order to strengthen their market position and seize significant revenue.
Industry/ Innovation/ Related News:
July 1, 2017- Indian based public sector company Indian Oil Corporation Limited (IOCL) has launched new advanced bitumen called Durapave. According to the company this the state-of-the-art bitumen would help construction and maintenance of roads in an economic and affordable way. The Durapave is flow-able even at ambient temperature and consists of very minute asphalt globule suspended in water using emulsifiers. This product is anticipated to provide prudent cost effective solution to building and maintenance of roads.
April 26, 2017- Road Science, a division of the U.S. based global leader in the development of specialty chemicals for the asphalt, mining, fertilizer, and others, ArrMaz has entered into a supply agreement with Cargill’s industrial specialties. Under the terms of an agreement Road Science limited is an exclusive buyer of Cargil’s unique bio-based Anova™ anti-strip and emulsifiers. The agreement augmented the global supply and sourcing capability of various bio-based specialty chemicals, which helped Road Science’s marketing, technical, and distribution capabilities.
June 3, 2016- The European technical reference used for bitumen additives demonstrated its wide range of products for the road transportation industry at the 6th Euroasphalt and Eurobitumen Congress in Prague (2016). CECA engages in manufacturing of specialty additives used as ant-stripping agents, asphalt emulsifiers, and warm mix additives. This helped the company for effective branding of its products which helped them to gain sizeable share of the market.
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