Asphalt Emulsion Market at a rate of CAGR of 6.20% in the forecast period 2022 to 2029
Globally Asphalt Emulsion Market at a rate of CAGR of 6.20% in the forecast period 2022 to 2029
Market Analysis and Size
· Asphalt emulsion has largely gained popularity across the end-use industries for road construction, and other uses of asphalt include waterproofing products such as flat roof sealing and roofing production.
· It is a filler and binder derived from the refining of certain petroleum crude oils.
· With the constant increase in its utilization for road construction and paving as well as roofing, the market is estimated to grow sustainably over the forecasted period.
· 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.
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COVID-19 Impact on Asphalt Emulsion Market
The recent outbreak of coronavirus had a negative impact on the asphalt emulsion market as the pandemic disrupted supply chains and delayed construction projects all over the world. To halt the spread of the coronavirus, most countries imposed strict lockdowns and curfews. This resulted in an economic downturn, with construction being one of the most severely impacted sectors due to a lack of raw materials, labor, and government regulations putting ongoing projects on hold. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.
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Asphalt Emulsion Market Regional Analysis/Insights
The asphalt emulsion market is analyzed and market size insights and trends are provided by country, product type, and end-user as referenced above.
The countries covered in the asphalt emulsion market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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