The Global Asphalt Emulsions Market was valued at USD 4.2 Billion in 2024 and is projected to reach USD 5.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This sustained growth is propelled by increasing global infrastructure development, rising demand for cost-effective and durable road construction materials, and the accelerating adoption of environmentally friendly paving solutions.

As the construction industry prioritizes sustainability, durability, and innovative materials, the focus shifts to the key emulsion manufacturers driving advancements in road technology. In this blog, we profile the Top 10 Companies in the Asphalt Emulsions Industry—a diverse group of chemical suppliers, refiners, and specialty manufacturers shaping the future of modern paving.

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🔟 1. Sinopec

Headquarters: Beijing, China
Key Offering: Cationic and Anionic Emulsions, Polymer Modified Emulsions

Sinopec is a global energy and chemical giant and a leading supplier of asphalt and emulsion products. Its extensive production capacity and distribution network make it a dominant player, particularly in the Asia-Pacific region, supplying materials for major highway and urban development projects.

Sustainability & Innovation Initiatives:

• Investment in R&D for low-temperature and warm-mix asphalt emulsions to reduce energy consumption

• Development of high-performance polymer-modified emulsions for enhanced road longevity

• Commitment to reducing the carbon footprint of its construction materials portfolio

Download FREE Sample Report: Asphalt Emulsions Market – View in Detailed Research Report

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9️⃣ 2. ExxonMobil

Headquarters: Irving, Texas, USA
Key Offering: Performance-grade Asphalt Binders, Custom Emulsions

ExxonMobil’s asphalt division is a key global supplier of high-quality binders used in emulsion production. The company works closely with emulsion manufacturers and road contractors to deliver products that meet specific climatic and traffic-loading conditions.

Sustainability & Innovation Initiatives:

• Focus on binder technologies that extend pavement service life and reduce lifecycle costs

• Research into bio-based and recycled materials for sustainable asphalt solutions

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8️⃣ 3. McAsphalt

Headquarters: Toronto, Canada
Key Offering: Full range of Asphalt Emulsions (CSS-1, CMS-2, CRS-2), Specialty Products

McAsphalt, a division of Colas Canada, is one of North America’s leading producers and suppliers of asphalt emulsions. The company operates multiple emulsion plants and terminals, providing tailored solutions for paving, surface treatments, and soil stabilization.

Sustainability & Innovation Initiatives:

• Pioneering cold-mix recycling technologies using emulsions to reuse existing pavement materials

• Development of environmentally compliant formulas with low volatile organic compound (VOC) emissions

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7️⃣ 4. Ergon Asphalt & Emulsions

Headquarters: Jackson, Mississippi, USA
Key Offering: Aura-Sphere® Emulsions, Performance Graded (PG) Binders

Ergon is a major player in the North American market, known for its innovative Aura-Sphere® emulsion technology. This proprietary process creates a more stable emulsion, leading to better performance in chip seals, slurry seals, and micro-surfacing applications.

Sustainability & Innovation Initiatives:

• Leader in Warm Mix Asphalt (WMA) technologies that lower production and laying temperatures

• Commitment to product stewardship and sustainable manufacturing practices across its network

Download FREE Sample Report: Asphalt Emulsions Market – View in Detailed Research Report

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6️⃣ 5. NICHIREKI CO.

Headquarters: Tokyo, Japan
Key Offering: Modified Asphalt Emulsions, Pavement Preservation Products

NICHIREKI is a leading Japanese company specializing in asphalt and construction chemicals. It has a strong reputation for high-quality, technologically advanced emulsion products used in Japan’s extensive and highly demanding road network.

Sustainability & Innovation Initiatives:

• Extensive R&D in rubberized and polymer-modified emulsions for increased durability and crack resistance

• Focus on products that contribute to disaster-resilient infrastructure

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5️⃣ 6. Gazprom Neft

Headquarters: Saint Petersburg, Russia
Key Offering: Bitumen and Asphalt Emulsions for various climatic zones

Gazprom Neft is a leading supplier of bitumen products in Russia and the CIS, with a growing portfolio of emulsion products. The company’s offerings are engineered to perform in the extreme temperature variations characteristic of its primary markets.

Sustainability & Innovation Initiatives:

• Development of specialized emulsions for permafrost regions and heavy-traffic applications

• Modernization of production facilities to improve efficiency and environmental performance

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4️⃣ 7. TOA Road Corporation

Headquarters: Tokyo, Japan
Key Offering: High-performance Asphalt Emulsions, Pavement Repair Systems

TOA Road Corporation is a specialist in pavement technologies, offering a wide array of emulsion-based products for new construction, maintenance, and rapid repair. The company is known for its technical expertise and application support.

Sustainability & Innovation Initiatives:

• Innovation in quick-setting emulsions for fast-track road repairs, minimizing traffic disruption

• Promotion of pavement preservation techniques that extend asset life and conserve resources

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3️⃣ 8. All States Materials Group

Headquarters: Sunderland, Massachusetts, USA
Key Offering: Emulsions for Micro-surfacing, Slurry Seals, Chip Seals

All States Materials Group (ASMG) is a prominent supplier and contractor in the pavement preservation sector. The company not only manufactures emulsions but also applies them, providing a full-service solution for maintaining road infrastructure.

Sustainability & Innovation Initiatives:

• Expertise in emulsion-based preservation treatments that are more sustainable than full-depth reconstruction

• Use of recycled materials, such as tire rubber, in emulsion formulations

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2️⃣ 9. Tipco

Headquarters: Bangkok, Thailand
Key Offering: Bitumen, Cutbacks, and Asphalt Emulsions

Tipco is a major supplier of construction materials in Southeast Asia. The company produces a comprehensive range of asphalt products, including emulsions tailored for the tropical climate and growing infrastructure needs of the region.

Sustainability & Innovation Initiatives:

• Expansion of production capacity to support regional infrastructure growth

• Focus on quality control and product consistency for critical road projects

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1️⃣ 10. Walker

Headquarters: St. Louis, Missouri, USA
Key Offering: Asphalt Emulsions, Emulsifiers, and Additives

Walker is a recognized leader in the asphalt emulsion industry, particularly known for its expertise in emulsifier technology. The company supplies both finished emulsions and the chemical agents that other producers use to create them, giving it a unique position in the market.

Sustainability & Innovation Initiatives:

• Pioneering new emulsifier chemistries for improved performance and environmental compatibility

• Technical partnership with emulsion manufacturers worldwide to solve specific paving challenges

Get Full Report Here: Asphalt Emulsions Market – View in Detailed Research Report

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🚧 Outlook: The Future of Asphalt Emulsions Is Smarter and Greener

The asphalt emulsions market is experiencing a significant transformation. While traditional applications remain vital, the industry is increasingly focused on sustainable formulations, advanced performance modifiers, and innovative application techniques that reduce environmental impact and extend pavement life.

📈 Key Trends Shaping the Market:

• Rising adoption of Cold Mix asphalt technologies using emulsions, which offer substantial energy savings and lower emissions compared to hot mix

• Increasing use of polymer-modified emulsions (SBS, SBR, EVA) to enhance durability, resistance to rutting, and cracking

• Growth in pavement preservation strategies, where emulsion-based surface treatments like chip seals and micro-surfacing are key for cost-effective infrastructure management

• Integration of recycled materials, such as Reclaimed Asphalt Pavement (RAP) and tire rubber, into emulsion-based mixes, promoting a circular economy

Get Full Report Here: Asphalt Emulsions Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for global infrastructure—they are actively paving the way for a more sustainable and resilient built environment.