Global Asphalt Emulsion Market was valued at USD 1,486.80 million in 2021 and is expected to reach USD 2,405.74 million by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario. Asia-Pacific dominates the asphalt emulsion market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the construction industry’s high use of modified asphalt emulsions, the large size of the domestic market, and expanding manufacturing sector.
An asphalt emulsion is a liquid asphalt cement emulsion that has been emulsified in water. It is made up of asphalt, water, and an emulsifier. The emulsifying agent, also known as the surfactant, is made up of large molecules. Asphalt emulsions are typically oil-in-water emulsions that break when applied to a stone or earth surface, causing the oil to cling to the stone and the water to disappear.
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The first class Asphalt Emulsion market report lends a hand in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. This market research report comprises of different industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company. It helps companies to take decisive actions to deal with threats in the niche market. The universal Asphalt Emulsion report presents actionable market insights with which businesses can settle on sustainable and lucrative strategies.
Leading Key Players Operating in the Asphalt Emulsion Market Includes:
- BASF SE (Germany)
- Dupont (U.S.)
- SOLVAY (Belgium)
- 3M (U.S.)
- Honeywell International Inc. (U.S.)
- Corporate.Evonik (Germany)
- Huntsman International LLC (U.S.)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Saint-Gobain (France)
- Arkem S.A. (France)
- Ashland Inc (U.S.), Mapei S.p.A (Italy),
- MUHU (China)
- Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- Nouryon (Netherlands)
- KRATON CORPORATION. (U.S.)
- Ingevity (U.S.)
This Asphalt Emulsion market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Asphalt Emulsion market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asphalt Emulsion Market Scope and Market Size
The asphalt emulsion market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- SBS Modified Asphalt Emulsion
- SBR Modified Asphalt Emulsion
- Chloroprene Rubber Modified Asphalt Emulsion
- Natural Rubber Modified Asphalt Emulsion
- Others
End User
- Road Construction and Paving
- Roofing
- Others
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Research Methodology: Global Asphalt Emulsion Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Asphalt Emulsion Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage for Roofing Applications
Asphalt is primarily used for waterproofing in roofing applications. It is also used in asphalt saturated felts, roll roofing, and shingles as a saturate. Asphalt shingles are one of the least expensive roofing materials, and they are in high demand in North America and Europe. As a result, demand for asphalt emulsions is expected to rise as they improve the service life and durability of asphalt in roofing applications.
- Increased Adoption for Other Applications
The growing use of reclaimed asphalt pavements (RAP) in residential and commercial driveways, parking lots, and school and playground blacktops is fueling market growth. It’s also used as an emulsion to rebuild highways and old pavements. Furthermore, rising industrial demand for low-slope roofing products such as modified bitumen membranes, mopping asphalts, and roll roofing is propelling the market forward. The increasing demand from the oil and gas industry is also one of the factors driving market growth.
Furthermore, the factors such as the increasing need for industrial modernization, rapid urbanization and the increasing adoption of emulsified asphalt as well as polymer modified asphalt are also contributing to the market’s positive outlook. Asphalt shingles, which are used to waterproof roofs, are in high demand due to the growing population. Furthermore, asphalt is a more cost-effective and long-lasting alternative to concrete, which is commonly used in the construction industry.
Opportunities
- Growth in Initiatives and Investments
The government’s emphasis on recycling initiatives and investments in recycled asphalt (RAP) can be used to reconstruct worn highway surfaces and repair damaged roads, which will provide profitable opportunities to market players from 2022 to 2029. Additionally, the increasing investments in the infrastructure sector will further expand the future growth of the asphalt emulsion market.
Restraints/Challenges
- Asphalt Price and Supply Volatility
Asphalt prices are highly volatile because it is a petrochemical, and fluctuations in the price of petroleum are reflected in the price of asphalt. As asphalt is a primary raw material used in the construction of road pavements, fluctuating petrochemical prices result in an inconsistent supply, affecting construction projects undertaken by governments and road contractors. As a result, there is a growing preference for the use of substitutes for road pavements, such as concrete, gypsum, and bio asphalt. The asphalt emulsion market is inextricably linked with the asphalt market. Therefore, volatility in asphalt prices and supply has an impact on the global asphalt emulsion market over the forecast period.
- Dearth of Awareness
There is a lack of awareness among road builders and contractors in several emerging economies about the use and benefits of asphalt emulsion. Asphalt emulsion can significantly improve the service life of asphalt pavements by reducing rutting, cracking, and stripping. As a result, asphalt road pavements require less maintenance. The advantages of using asphalt additives in the construction of road pavements outweigh the costs. However, contractors and road builders in emerging economies do not consider these factors because they are concerned with lowering the cost of materials and construction. There is a need to raise awareness about the benefits of using these specialty chemicals, particularly in developing economies across the globe.
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