Market Overview:
The global emulsified modified asphalt market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for emulsified modified asphalt from various applications such as high-speed railway, airport runway, highway, bridge and others. On the basis of type, polymer-modified asphalt emulsion is expected to account for a larger share in the global emulsified modified asphalt market during the forecast period. This can be attributed to its superior properties such as resistance against rutting and cracking which make it suitable for use in high traffic areas.
Product Definition:
An emulsified asphalt is a type of asphalt that has been combined with water. This creates an emulsion, which is a mixture of two liquids that ordinarily would not mix. Emulsified asphalt can be used as a paving material, and it is also sometimes used to seal roads and bridges.
Polymer-modified Asphalt Emulsion:
Polymer-modified asphalt emulsion is a new product, which has been developed to improve the quality of road surfaces. It consists of polymers and modified bitumen that are added in proper proportion to asphalt emulsions for improving their physical properties. The product improves the overall performance of EMAs by increasing its durability and resistance to cracking, thus reducing maintenance costs.
Latex-modified Asphalt Emulsion:
Latex-modified asphalt emulsion is a water-based additive which improves the quality of emulsified modified asphalt. It increases the viscosity of the mixture and helps in stabilizing it, thus preventing premature rutting. The product also enhances cold flow properties and reduces heat build up during transit.
The global latex-modified asphalt emulsion market size was valued at USD 648 million in 2016.
Application Insights:
High-speed railway was the largest application segment in the global emulsified modified asphalt market, accounting for over 60% of the overall revenue share in 2017. The growing demand for high-speed railways as a means to reduce travel time and distance between destinations is expected to have a positive impact on market growth over the forecast period.
The highway application segment is also anticipated to witness significant growth during the forecast period owing to increasing government expenditure towards construction of highways across various regions. In addition, rising disposable income levels among several population groups in developing countries such as India and China are likely to propel demand from this sector over next eight years. Bridge construction activities are also expected drive industry expansion during future period owing bridge being one of most important infrastructure projects globally at present time due its crucial role across various sectors including transportation & logistics, waterway navigation, etc.
Regional Analysis:
Asia Pacific dominated the global EMA market in terms of revenue with a share of over 45% in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing road construction activities and growing automotive industry, especially in China and India. In addition, rising investments for expanding airport infrastructure are also likely to drive demand for emulsified asphalt across Asia Pacific during the forecast period.
Europe accounted for a significant share of global emulsified modified asphalt market on account of high demand from highway application segment owing to extensive road development activities coupled with stringent government regulations regarding vehicular emission levels since 2010s which has led to an increase in preference from diesel-fueled vehicles as these fuels help reduce pollution level comparedto gasoline-fueled vehicles thus positively impacting industry growth across this region during the same year.
The Middle East & Africa is anticipated grow at a CAGR close proximity to 7% between 2018.
Growth Factors:
- Increasing demand for emulsified modified asphalt in the construction industry as a result of its superior properties such as high durability, flexibility and resistance to wear and tear.
- Rising awareness about the benefits of using emulsified modified asphalt among contractors, builders and consumers due to increasing marketing efforts by manufacturers.
- Growing use of emulsified modified asphalt in pavement rehabilitation projects due to its ability to extend the life of roads and bridges.
- Increasing demand for green infrastructure solutions that utilize sustainable materials such as emulsified modified asphalt paving products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Emulsified Modified Asphalt Market Research Report
By Type
Polymer-modified Asphalt Emulsion, Latex-modified Asphalt Emulsion
By Application
High-speed Railway, Airport Runway, Highway, Bridge, Others
By Companies
Total, ExxonMobil, Sinopec, BPCL, Gazprom Neft, Shell, TIPCO ASPHALT, Toaroad Corporation, Walker Industries, Total
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Emulsified Modified Asphalt Market Report Segments:
The global Emulsified Modified Asphalt market is segmented on the basis of:
Types
Polymer-modified Asphalt Emulsion, Latex-modified Asphalt Emulsion
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High-speed Railway, Airport Runway, Highway, Bridge, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Total
- ExxonMobil
- Sinopec
- BPCL
- Gazprom Neft
- Shell
- TIPCO ASPHALT
- Toaroad Corporation
- Walker Industries
- Total
Highlights of The Emulsified Modified Asphalt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer-modified Asphalt Emulsion
- Latex-modified Asphalt Emulsion
- By Application:
- High-speed Railway
- Airport Runway
- Highway
- Bridge
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Emulsified Modified Asphalt Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EMAS is a type of modified asphalt that has been emulsified. This means that the asphalt has been broken down into small droplets and then mixed with water. The mixture is then put through a centrifuge to create a thick liquid form. EMAS can be used as an adhesive for pavement, roofing, and other surfaces.
Some of the major companies in the emulsified modified asphalt market are Total, ExxonMobil, Sinopec, BPCL, Gazprom Neft, Shell, TIPCO ASPHALT, Toaroad Corporation, Walker Industries, Total.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Emulsified Modified Asphalt Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Emulsified Modified Asphalt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Emulsified Modified Asphalt Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Emulsified Modified Asphalt Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Emulsified Modified Asphalt Market Size & Forecast, 2018-2028
4.5.1 Emulsified Modified Asphalt Market Size and Y-o-Y Growth
4.5.2 Emulsified Modified Asphalt Market Absolute $ Opportunity
Chapter 5 Global Emulsified Modified Asphalt Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Emulsified Modified Asphalt Market Size Forecast by Type
5.2.1 Polymer-modified Asphalt Emulsion
5.2.2 Latex-modified Asphalt Emulsion
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Emulsified Modified Asphalt Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Emulsified Modified Asphalt Market Size Forecast by Applications
6.2.1 High-speed Railway
6.2.2 Airport Runway
6.2.3 Highway
6.2.4 Bridge
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Emulsified Modified Asphalt Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Emulsified Modified Asphalt Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Emulsified Modified Asphalt Analysis and Forecast
9.1 Introduction
9.2 North America Emulsified Modified Asphalt Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Emulsified Modified Asphalt Market Size Forecast by Type
9.6.1 Polymer-modified Asphalt Emulsion
9.6.2 Latex-modified Asphalt Emulsion
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Emulsified Modified Asphalt Market Size Forecast by Applications
9.10.1 High-speed Railway
9.10.2 Airport Runway
9.10.3 Highway
9.10.4 Bridge
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Emulsified Modified Asphalt Analysis and Forecast
10.1 Introduction
10.2 Europe Emulsified Modified Asphalt Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Emulsified Modified Asphalt Market Size Forecast by Type
10.6.1 Polymer-modified Asphalt Emulsion
10.6.2 Latex-modified Asphalt Emulsion
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Emulsified Modified Asphalt Market Size Forecast by Applications
10.10.1 High-speed Railway
10.10.2 Airport Runway
10.10.3 Highway
10.10.4 Bridge
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Emulsified Modified Asphalt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Emulsified Modified Asphalt Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Emulsified Modified Asphalt Market Size Forecast by Type
11.6.1 Polymer-modified Asphalt Emulsion
11.6.2 Latex-modified Asphalt Emulsion
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Emulsified Modified Asphalt Market Size Forecast by Applications
11.10.1 High-speed Railway
11.10.2 Airport Runway
11.10.3 Highway
11.10.4 Bridge
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Emulsified Modified Asphalt Analysis and Forecast
12.1 Introduction
12.2 Latin America Emulsified Modified Asphalt Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Emulsified Modified Asphalt Market Size Forecast by Type
12.6.1 Polymer-modified Asphalt Emulsion
12.6.2 Latex-modified Asphalt Emulsion
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Emulsified Modified Asphalt Market Size Forecast by Applications
12.10.1 High-speed Railway
12.10.2 Airport Runway
12.10.3 Highway
12.10.4 Bridge
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Emulsified Modified Asphalt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Emulsified Modified Asphalt Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Emulsified Modified Asphalt Market Size Forecast by Type
13.6.1 Polymer-modified Asphalt Emulsion
13.6.2 Latex-modified Asphalt Emulsion
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Emulsified Modified Asphalt Market Size Forecast by Applications
13.10.1 High-speed Railway
13.10.2 Airport Runway
13.10.3 Highway
13.10.4 Bridge
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Emulsified Modified Asphalt Market: Competitive Dashboard
14.2 Global Emulsified Modified Asphalt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Total
14.3.2 ExxonMobil
14.3.3 Sinopec
14.3.4 BPCL
14.3.5 Gazprom Neft
14.3.6 Shell
14.3.7 TIPCO ASPHALT
14.3.8 Toaroad Corporation
14.3.9 Walker Industries
14.3.10 Total
