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Bitumen Emulsifiers Market Research Report Information By Type (Cationic, Anionic, and Non-ionic) By Application (Unmodified Bitumen and Modified Bitumen), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/CnM/3692-HCR | 140 Pages | Author: Anshula Mandaokar| June 2024

Global Bitumen Emulsifiers Market Overview

The Bitumen Emulsifiers Market Size was valued at USD 0.13 Billion in 2022. The Bitumen Emulsifiers industry is projected to grow from USD 0.15 Billion in 2023 to USD 0.18 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4% during the forecast period (2023 - 2030). Due to the growing demand from the construction industry, the global market is predicted to rise. The emulsifying agents or additives used to make bitumen emulsions are known as bitumen emulsifiers. The nature of these additions can be anionic, cationic, or non-ionic. They operate as surface-active agents, preventing the emulsion from coagulating and remaining in the state of fine droplets. They also aid in the reduction of VOC emissions, making them more environmentally friendly and sustainable.Bitumen Emulsifiers Market OverviewSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bitumen Emulsifiers Market Trends

  • Increasing Demand for Bitumen Emulsion to Drive Market

One of the most important materials used in road construction is bitumen emulsions. The usage of this emulsion has practical relevance in high-construction projects, according to Frontiers Organization's research. According to recent data, China's apparent consumption of such emulsion exceeded 32 million tons in 2018, with applications including road building, airport construction, housing, and water conservancy construction. Asphalt emulsions have a lower heating temperature than hot asphalt and use 50% less energy to heat. Attributed to their nature, these emulsions are more cost-effective than cut-back bitumen. Cutback is made up of 70% bitumen and 30% petroleum solvents like naphtha, diesel, kerosene, and others. Emulsions are made up of 60% bitumen and 40% water. Furthermore, bitumen emulsion production minimizes dangerous VOC emissions by a large margin and is unaffected by weather conditions. This is predicted to boost the demand for bitumen emulsion, which will, in turn, surge the demand for such emulsifiers. 

Additionally, Bitumen emulsions are used extensively in the construction industry. Bitumen and its emulsions are widely employed in the construction of roads and national highways around the world. For example, due to China's rapid development and investment in road construction, asphalt used in road construction now accounts for about 75% of the country's total emulsifier usage. Furthermore, many qualities of asphalt emulsions, including ease of handling, environment-friendliness, and high mixing ability with cement and latex, have boosted the demand for such emulsions, boosting the market growth.

January 2024- Arkema becomes a stockholder of the start-up Tiamat, spun off from the CNRS (Centre National de la Recherche Scientifique) in 2017 and a forerunner in sodium-ion battery technology. The funding will allow the Group to boost the advancement of technical solutions designed for these batteries, which do not use lithium. The Group is once again determining its disposition to be a significant player in battery materials, providing an extraordinary of products adapted to all energy storage technologies. Since 2017, the start-up Tiamat has been developing, designing, industrializing, and promoting sodium-ion batteries, the latest lithium-free technology, allowing the avoidance of the factors linked with the supply of this metal.

Bitumen Emulsifiers Market Segment Insights

Bitumen Emulsifiers Type Insights

The Bitumen Emulsifiers Market segmentation, based on Type, includes cationic, anionic, and non-ionic types of bitumen emulsifiers. The cationic bitumen emulsifier segment is expected to hold the prime share in the market owing to better emulsifying performance and exceptional adhesion to the mineral aggregates. As most of the aggregates are negatively charged, the positively charged cationic emulsions are largely employed due to molecular attraction. The anionic segment is expected to show significant growth by the end of the forecast period. 

Bitumen Emulsifiers Application Insights

Based on Application, the Bitumen Emulsifiers Market segmentation includes unmodified and modified bitumen in terms of applications. The unmodified bitumen segment accounted for the highest revenue in 2020. The rising demand from the construction sector is expected to propel the segment's growth.

Figure 2: Bitumen Emulsifiers Market, by Application, 2023 & 2030 (USD Billion)   Bitumen Emulsifiers Market, by Application, 2023 & 2030Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bitumen Emulsifiers Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to dominate the Bitumen Emulsifiers Market. Infrastructure investment is the key factor driving the construction industry in the region. In addition, urbanization, rapid industrialization, and consumer spending have strengthened economic growth, which is positively impacting the construction industry and, thus the bitumen emulsifiers market. 

Figure 3: BITUMEN EMULSIFIERS MARKET SHARE BY REGION 2023 (%)BITUMEN EMULSIFIERS MARKET SHARE BY REGION 2023Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The market in North America is estimated to register remarkable growth due to a rise in construction activities in the southern and western regions. Among the largest state, Texas is witnessing the strongest growth in terms of construction activities such as projects for Education and Public buildings are on demand. Non-building construction, which includes roads and bridges demand is forecasted to grow by 6% during the forecast period. Thus, the application of emulsifiers in road construction, repair, and maintenance will increase in the region during the forecast period.

The market in Europe is dominated by the UK and Germany, owing to the increasing demand for residential buildings, which is increasing the need for bitumen emulsifiers in the region.

Bitumen Emulsifiers Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Bitumen Emulsifiers market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Bitumen Emulsifiers industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Bitumen Emulsifiers. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Bitumen Emulsifiers industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Bitumen Emulsifiers industry to benefit customers and expand the market sector. The Bitumen Emulsifiers market has recently given medicine some of the most important advantages. Major Bitumen Emulsifiers market players, including Nouryon (Netherlands), Arkema (France), Opal Paints Products Pvt Ltd (India), Industrial Oleochemical Products (IOP) (South Africa), and others, are attempting to increase market demand by funding R&D initiatives.

Emery Oleochemicals is a manufacturer of chemicals. It offers polyols, lubricants, polymer additives, and other products. The company caters to construction, automotive, pharmaceutical, and other sectors.

Also, Raj Petro Specialities is a petroleum and lubricant manufacturing and marketing company. Its products include anti-ozone waxes, petroleum jellies, high-temperature greases, solvents, oils, etc. The company caters to agriculture, engineering, metalworking, petrochemical, textile, steel, and other industries.

Key Companies in the Bitumen Emulsifiers market include

  • Nouryon (Netherlands)

  • Arkema (France)

  • Opal Paints Products Pvt Ltd (India)

  • Industrial Oleochemical Products (IOP) (South Africa)

  • Petrochem Specialities (India)

  • Kao Chemicals Europe. S.L. (Spain)

  • G R Infraprojects Ltd. (India)

  • PInova, Inc. (US)

  • Chemoran (Ireland)

  • Evonik (Germany)

  • Dow (US).

Bitumen Emulsifiers Industry Developments

June 2021 – Arkema-Road Science announced the sponsorship of the 7th E&E Congress along with the launch of a new bitumen emulsifier for cold mix applications.

February 2019- ArrMaz, a part of Arkema Group, developed groundbreaking technology for cost-effective and efficient chip seal pavement under the brand name ArrTekk. CRS emulsifiers are claimed to provide desired emulsion viscosity across bitumen for chip seal pavement.

December 2023- Pinova's permanently shut down chemical processing facility in Brunswick will be completely discharged in December 2024, the company announced on December 19th. The facility permanently closed last summer after the huge fire in April, which provoked a local state of emergency and shelter-in-place orders. Though there were no major injuries or deaths, more than 200 workers lost their jobs because of the closure. Withdrawing of the terpene resin building where the fire broke out happened. The rest of the site will be discharged starting in February. Pinova director of operations Ron Kurtz said at a meeting of the Glynn County Board of Commissioners that if they had to put a projected annual volume of money that never left the 30-mile radius here, it would be somewhere nearly USD60 million. Pinova is weighing the provision of a dozen contractors to decommission the nearly 300-acre site. A winning offer will be awarded next month. Ultimately, the firm proposes to sell the property. No timetable for the sale has been disclosed.

Bitumen Emulsifiers Market Segmentation

Bitumen Emulsifiers Type Outlook

  • Cationic

  • Anionic

  • Non-ionic

Bitumen Emulsifiers Application Outlook

  • Unmodified Bitumen

  • Modified Bitumen

Bitumen Emulsifiers Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD  0.13 Billion
Market Size 2023 USD 0.15 Billion
Market Size 2030 USD 0.18 Billion
Compound Annual Growth Rate (CAGR) 4% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Nouryon (Netherlands), Arkema (France), Opal Paints Products Pvt Ltd (India), Industrial Oleochemical Products (IOP) (South Africa), Petrochem Specialities (India), Kao Chemicals Europe. S.L. (Spain), G R Infraprojects Ltd. (India), PInova, Inc. (US), Chemoran (Ireland), Evonik (Germany), and Dow (US).
Key Market Opportunities The market in North America is estimated to register remarkable growth due to a rise in construction activities in the southern and western regions.
Key Market Dynamics Construction activities are increasing in the US, the UK, India, and Mexico. Governments in developing and developed countries are increasing their expenditure on public sector infrastructure such as railways, hospitals, and institutions.

Frequently Asked Questions (FAQ) :

The Bitumen Emulsifiers Market size was valued at USD  0.13 Billion in 2022.

The global market is projected to grow at a CAGR of 4% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the Bitumen Emulsifiers Market.

The key players in the market are Nouryon (Netherlands), Arkema (France), Opal Paints Products Pvt Ltd (India), Industrial Oleochemical Products (IOP) (South Africa), Petrochem Specialities (India), Kao Chemicals Europe. S.L. (Spain), G R Infraprojects Ltd. (India), PInova, Inc. (US), Chemoran (Ireland), Evonik (Germany), and Dow (US).

The cationic categories dominated the market in 2023.

The unmodified had the largest share in the global market for Bitumen Emulsifiers.

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