Directions: Future of the Global Bitumen Emulsifier Market
Pune, New York, USA, November 18 2020 (Wiredrelease) Research Dive –:Market Insights Before and After COVID-19 Pandemic:
A new report published by Research Dive states the impact of the COVID-19 pandemic on the global bitumen emulsifier market. Before the outbreak of the pandemic, the market was anticipated to rise at 4.3% CAGR from 2019 to 2026. However, the sudden rise of COVID-19 pandemic has restricted the market growth to some extent. Analysts have estimated that the market will grow with a CAGR of 3.9% after the end of the COVID-19 pandemic. At present, the market is observing a drop in the growth rate owing to the stoppage of ongoing construction projects due to the execution of lockdown in several countries across the globe.
Check out How COVID-19 impact on the Global Bitumen Emulsifier Market @ https://www.researchdive.com/download-sample/219
Market Scenario during COVID-19 Pandemic:
The market was estimated to gather a revenue of $122.5 million in 2020. However, in the current circumstances, i.e. in 2020, the market size has abridged to $98.0 million. The key reason for the decline in the growth of the bitumen emulsifier market is the implementation of lockdown in various COVID-19 infected countries, due to which various ongoing as well as upcoming construction projects have been kept on hold. Moreover, the lockdown has also disrupted the supply chains of the bitumen emulsifier sector by impacting the demand and production of bitumen emulsifiers during the crisis period.
Download Sample Report and Check out How Mixing application segment accounted for $36.6 million in 2018 and is predicted to grow at 4.3% CAGR by 2026 @ https://www.researchdive.com/download-sample/219
Post COVID-19 Scenario of the Market:
According to analysts, the global bitumen emulsifier market is projected to recover from the incurred losses by the third or fourth quarter of 2022. Even though the COVID-19 pandemic has imposed a negative impact on the global market growth, players in this market and the government of various countries are expected to invest profoundly in construction & repair of roads and modernization of semi urban & rural areas after the lockdown ends. As a result, the market is anticipated to observe significant growth after the end of the COVID-19 pandemic.
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