Asia Pacific Bitumen Emulsifiers Market is predicted to grow significantly in the coming years. Speaking of the regional growth outlook, the burgeoning road construction projects in the fast-growing economies across the Asia Pacific, particularly India and China, have proved to be the chief growth drivers of the APAC bitumen emulsifiers market. According to the official statistics released in 2015, India commanded a road infrastructure of 3.3 million kilometers, the second largest after the USA. The Indian government had earmarked investments of around USD 20 billion for road construction and maintenance projects during the 2012-2017 five-year plan, which roughly translates to about 10% of the total government spending in these five years. Based on the estimated demand from the upcoming projects, India’s bitumen consumption is likely to outshine its domestic production capacity over the forthcoming years, which would undeniably propel the overall bitumen emulsifiers market share.
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Bitumen emulsifiers have been increasingly preferred over conventional bitumen as it provides better coating and can be utilized in damp conditions, which has subsequently created a barrage of lucrative opportunities for bitumen emulsifiers market players. In addition, the leading industry players, of late, have been aiming to expand the application spectrum of bitumen emulsions by enhancing the existing tech expertise. Apparently, the growth potential of the overall bitumen emulsifiers market can be comprehended from the aforementioned factors, which further got reinforced by declarations made at the 10th Asia Bitumen Conference which was held in India.
Endowed with a wide-ranging expanse of application domains, bitumen emulsifiers market has been witnessing commendable remuneration over the recent years. The ever-rising pace of road construction activities around the globe has been one of the most prominent factors that have propelled the demand for bitumen emulsions. Furthermore, it would be quite imperative to mention that there have been drastic changes in the construction and infrastructure industries over the recent times, however, the centrality of bitumen as the primary raw material in these industries has remained the same, which has eventually augmented the revenue graph of the overall bitumen emulsifiers market.
A group of Hong Kong based infrastructure companies recently decided to invest nearly USD 100 million to develop land and marine routes. In addition, in order to encourage trading via sea, road, and rail routes across numerous countries, China has also promised to invest 780 billion yuan in infrastructure developments. Eventually, these investments are expected to fuel APAC bitumen emulsifiers market share, which is slated to register a CAGR of 3.5% over 2017-2024.
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The major participants of the market are Arkema Group, Chemoran, Petrochem, Kao Corporation, Specialties, AkzoNobel N.V., The Dow Chemical Company, Vizag Chemicals, Opal Paints Products Pvt. Ltd., Evonik, and Ingevity Corporation. The global bitumen emulsifiers market is forecast to surpass a valuation of USD 150 million by 2024. In such a scenario, bitumen emulsifiers industry is expected to be strongly characterized by product innovations and massive capacity expansion plans in the ensuing years.
Glimpse of Table of Content (ToC)
Chapter 3. Bitumen Emulsifiers Industry Insights
3.1. Industry segmentation
3.2. Bitumen Emulsifiers Market size and forecast, 2013 – 2024
3.3. Bitumen Emulsifiers Market ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
22.214.171.124. Increasing road development and construction activities
126.96.36.199. Superior quality of bitumen emulsions over conventional bitumen
188.8.131.52. Soil stabilization in desert areas
3.4.2. Industry pitfalls & challenges
184.108.40.206. Use of concrete and bio-asphalt as substitutes of asphalt
3.5. Raw material analysis
3.6. Technology trends
3.7. Regulatory trends
3.8. Growth potential analysis
3.9. Porter’s analysis
3.10. Competitive landscape
3.10.1. Strategic dashboard
3.11. PESTEL analysis
3.12. Pricing analysis
3.12.1. Cost structure analysis
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