Asphalt Emulsifiers Market Size, Share & Industry Analysis, By Type (Anionic, Cationic, Nonionic), By Application (Road Construction & Paving, Roofing, Airport Construction, Others) And Regional Forecast, 2024-2032

Asphalt emulsion appears as a black colour liquid, it is also called bitumen emulsion. It is the mixture of three basic components which include water, a small amount of an emulsifying agent, and asphalt. The emulsifying agent is composed of large molecules which sometimes also called the surfactant. These components are introduced into a colloid mill, which shears the asphalt into tiny droplets. Additionally, the asphalt emulsion is mainly utilized for building structural pavements, stabilizing and reclaiming bases, preventive and corrective maintenance on both concrete and asphalt pavements, and recycling worn out pavements. The product finds its applications in road construction & paving, roofing, and airport construction. 

The increasing demand for asphalt emulsion in the road construction will fuel the market growth. The asphalt emulsion can be used without additional heat and does not require a petroleum solvent to make it liquid. These are the main factors, which leads to contribute to energy savings. Also, it is environment friendly and provides skid resistance, minimal hydrocarbon emissions, radially coat damp aggregate surfaces and minimal fumes. These factors surge the demand for asphalt emulsion in road construction. Hence, increasing demand will propel the asphalt emulsifiers market growth during the forecast timeline.

However, the high demand from various applications causes a lack of availability of asphalt emulsifiers. Which impacts its overall demand and anticipated hindering the market growth.

Market Segmentation:

Based on type, the asphalt emulsifiers market is segmented into anionic, cationic, and nonionic. Based on application, the market is segmented into health monitoring, energy harvest, protection & mobility, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Key Players Covered:

The key players in the asphalt emulsifiers market include Nouryon, AkzoNobel N.V., Arkema Group, Opal Paints Products Pvt Ltd., Industrial Oleochemical Products, Petrochem Specialties, Kao Corporation, Ingevity Corporation, The Dow Chemical Company, Evonik, Chemoran, RX Marine International, Pinova Inc., Shaoxing Shangyu Simo Research Institute of Organic Chemistry, Vizag Chemicals, and G R Infraprojects Ltd. Industry.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the substainable growth in the asphalt emulsifiers market. The growth is attributed to the rising adoption of the product in the construction industry. The increasing use of asphalt emulsifiers in the road construction & paving will fuel the market growth in Europe. In North America, the growth is due to the adoption of the product in the roofing application. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the airport construction.  

Segmentation

Asphalt Emulsifiers Industry Developments

• In June 2020, BASF SE introduced B2Last® a bitumen or ashphalt additive. The product has the ability to make roads more durable and road construction more sustainable. This launch will help BASF to protects people and the environment along the whole process chain.


• In February 2019, WACKER introduced VINNEVA® product line at its Middle East Coatings Show (MECS) and European and Coatings Show (ECS). These polymer binders enhance the properties of bitumen-based building coatings and ensure that they adhere excellently to brick, concrete, and cement. This new launch will help the company to expand its product line.