아스팔트 유화제 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Bitumen Emulsifiers Market was valued at USD 136.7 billion in 2024 and is estimated to grow at a CAGR of 6.3% to reach USD 249.6 billion by 2034. This growth is primarily driven by increased investment in infrastructure, particularly large-scale government initiatives across challenging terrains. Bitumen emulsifiers are preferred for these projects due to their cold application and strong resistance to adverse weather, making them ideal for long-lasting road construction and maintenance. Their water-based formulation significantly reduces hydrocarbon emissions and eliminates the need for heating, aligning well with stricter environmental and safety regulations across global regions.

These eco-friendly benefits have significantly accelerated the adoption of bitumen emulsifiers in sustainable construction practices, particularly in regions prioritizing carbon neutrality and occupational safety. Since emulsifiers eliminate the need for high-temperature heating during application, they drastically lower fuel consumption and associated greenhouse gas emissions. This reduction in energy usage aligns with the global shift toward green infrastructure and net-zero targets. Additionally, their cold-application nature minimizes risks of fire hazards and worker exposure to harmful fumes, enhancing safety on construction sites. Governments and regulatory bodies across North America, Europe, and Asia-Pacific are increasingly mandating the use of low-VOC and environmentally responsible materials in public infrastructure projects, which has further reinforced the demand for bitumen emulsifiers as a safer, cleaner, and more efficient alternative to conventional asphalt.

The cationic bitumen emulsifiers segment held the dominant position with a 57.2% market share in 2024, largely attributed to its excellent bonding ability with negatively charged aggregate surfaces. This superior adhesion ensures better durability and resilience of road surfaces under heavy traffic and shifting weather conditions. Cationic formulations also offer versatility, making them highly suitable for a range of construction environments-from mountainous terrains to coastal climates. Their consistent performance under various temperature and moisture levels continues to drive their demand, particularly in large-scale urban development and major roadway infrastructure projects.

The road construction and maintenance segment held a 72.3% share in 2024. Bitumen emulsifiers are critical in modern paving operations as they are widely used in tack coats, patching compounds, chip seals, and surface dressings. Their cold-application properties reduce operational hazards and allow construction even in low-temperature conditions, cutting down on energy usage and project delays. These advantages make them ideal for both new construction and routine maintenance, especially for high-traffic roads and rapid rehabilitation efforts. Their quick-setting nature also minimizes traffic disruptions, which is essential in urban areas.

China Bitumen Emulsifiers Market generated USD 46 billion in 2024. The country's ongoing investments in transportation infrastructure-including national highways, rural roads, and smart city corridors-have fueled the widespread adoption of high-performance bitumen emulsifiers. Government initiatives focused on sustainable, low-emission construction practices further align with the environmental benefits of cold-applied emulsified bitumen, which releases fewer VOCs and requires less energy. With long-term strategic infrastructure projects in place, the demand for eco-friendly, durable road materials is set to increase, reinforcing China's position at the forefront of market growth.

Key players influencing the Bitumen Emulsifiers Industry include Ingevity Corporation, Arkema Group, Evonik Industries AG, Nouryon, and BASF SE. These companies shape the competitive environment through ongoing product development and market expansion. To strengthen their position, companies in the bitumen emulsifiers space are prioritizing R&D for advanced formulations that address varying climatic and environmental demands. They are expanding their regional distribution networks and engaging in strategic partnerships with road construction firms and public infrastructure agencies. Sustainability is a core focus-firms are increasing investment in eco-friendly, low-VOC emulsifiers and promoting solutions that meet green construction mandates.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/Country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360° synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Type
  • 2.2.3 Application
  • 2.2.4 End use industry
  • 2.2.5 Manufacturing process
• 2.3 TAM Analysis, 2025-2034
• 2.4 CXO perspectives: Strategic imperatives
  • 2.4.1 Executive decision points
  • 2.4.2 Critical success factors
• 2.5 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
  • 3.1.5 Disruptions
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Rising infrastructure development
    • 3.2.1.2 Environmental benefits & regulations
    • 3.2.1.3 Cost-effectiveness
    • 3.2.1.4 Technological advancements
  • 3.2.2 Industry pitfalls and challenges
    • 3.2.2.1 Limited temperature range for application
    • 3.2.2.2 Storage stability concerns
    • 3.2.2.3 Lower strength compared to hot mix asphalt
    • 3.2.2.4 Fluctuating crude oil prices
  • 3.2.3 Market opportunities
    • 3.2.3.1 Growing demand in emerging economies
    • 3.2.3.2 Increasing focus on sustainable construction
    • 3.2.3.3 Development of bio-based emulsifiers
    • 3.2.3.4 Rising adoption in cold recycling technologies
• 3.3 Growth potential analysis
• 3.4 Regulatory landscape
  • 3.4.1 North America
  • 3.4.2 Europe
  • 3.4.3 Asia Pacific
  • 3.4.4 Latin America
  • 3.4.5 Middle East & Africa
• 3.5 Porter's analysis
• 3.6 PESTEL analysis
  • 3.6.1 Technology and Innovation Landscape
  • 3.6.2 Current technological trends
  • 3.6.3 Emerging technologies
• 3.7 Price trends
  • 3.7.1 By region
  • 3.7.2 By product
• 3.8 Future market trends
• 3.9 Technology and Innovation Landscape
  • 3.9.1 Current technological trends
  • 3.9.2 Emerging technologies
• 3.10 Patent Landscape
• 3.11 Trade statistics (HS code) (Note: the trade statistics will be provided for key countries only)
  • 3.11.1 Major importing countries
  • 3.11.2 Major exporting countries
• 3.12 Sustainability and environmental aspects
  • 3.12.1 Sustainable practices
  • 3.12.2 Waste reduction strategies
  • 3.12.3 Energy efficiency in production
  • 3.12.4 Eco-friendly Initiatives
• 3.13 Carbon footprint considerations

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 LATAM
    • 4.2.1.5 MEA
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New Product Launches
  • 4.6.4 Expansion Plans

Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2034 (USD Billion) (Kilo Tons)

• 5.1 Key trends
• 5.2 Cationic bitumen emulsifiers
  • 5.2.1 Rapid setting (CRS)
  • 5.2.2 Medium setting (CMS)
  • 5.2.3 Slow setting (CSS)
• 5.3 Anionic bitumen emulsifiers
  • 5.3.1 Rapid setting (RS)
  • 5.3.2 Medium setting (MS)
  • 5.3.3 Slow setting (SS)
• 5.4 Non-ionic bitumen emulsifiers
• 5.5 Modified bitumen emulsifiers
  • 5.5.1 Polymer modified
    • 5.5.1.1 SBS modified
    • 5.5.1.2 SBR modified
    • 5.5.1.3 Others
  • 5.5.2 Latex modified
  • 5.5.3 Others

Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2034 (USD Billion) (Kilo Tons)

• 6.1 Key trends
• 6.2 Road construction & maintenance
  • 6.2.1 Surface dressing
  • 6.2.2 Tack coat
  • 6.2.3 Prime coat
  • 6.2.4 Slurry seal
  • 6.2.5 Micro surfacing
  • 6.2.6 Cold mix asphalt
  • 6.2.7 Fog seal
  • 6.2.8 Chip seal
• 6.3 Waterproofing
  • 6.3.1 Building construction
  • 6.3.2 Infrastructure
• 6.4 Pavement recycling
  • 6.4.1 Full depth reclamation (FDR)
  • 6.4.2 Cold in-place recycling (CIR)
  • 6.4.3 Cold central plant recycling (CCPR)
• 6.5 Others
  • 6.5.1 Soil stabilization
  • 6.5.2 Adhesives
  • 6.5.3 Industrial applications

Chapter 7 Market Estimates and Forecast, By End Use Industry, 2021 - 2034 (USD Billion) (Kilo Tons)

• 7.1 Key trends
• 7.2 Road & highway construction
• 7.3 Airport construction
• 7.4 Building construction
  • 7.4.1 Residential
  • 7.4.2 Commercial
  • 7.4.3 Industrial
• 7.5 Others
  • 7.5.1 Railways
  • 7.5.2 Marine
  • 7.5.3 Agriculture

Chapter 8 Market Estimates and Forecast, By Manufacturing Process, 2021 - 2034 (USD Billion) (Kilo Tons)

• 8.1 Key trends
• 8.2 Batch process
• 8.3 Continuous process
• 8.4 Semi-continuous process

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2034 (USD Billion) (Kilo Tons)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 France
  • 9.3.4 Spain
  • 9.3.5 Italy
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 Australia
  • 9.4.5 South Korea
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
• 9.6 Middle East and Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 South Africa
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 Alternative Environmental Technologies (AET)
• 10.2 Arkema Group
• 10.3 BASF SE
• 10.4 Bharat Petroleum Corporation Limited (BPCL)
• 10.5 BTBA
• 10.6 Dow Chemical Company
• 10.7 Evonik Industries AG
• 10.8 GlobeCore
• 10.9 Hindustan Colas Limited (HINCOL)
• 10.10 Hindustan Petroleum Corporation Limited (HPCL)
• 10.11 Ingevity Corporation
• 10.12 Jey Oil Refining Company
• 10.13 Kao Corporation
• 10.14 Marathon Petroleum Asphalt & Emulsions
• 10.15 Nouryon
• 10.16 Nynas AB
• 10.17 Petro Naft
• 10.18 Pro-Road Global
• 10.19 Royal Dutch Shell plc
• 10.20 Tiki Tar Industries
• 10.21 Total Energies SE
• 10.22 Winstrol Petrochemicals Pvt. Ltd.