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Emulsion Polymers industry Future, Solutions, User Prospects And Forecasts To 2030
The greatest market driver for the global emulsion polymers market growth is high pacing demand for emulsion polymers. The demand is rising due to the robust industry growth of various products whose manufacturing requires emulsion polymers on an essential level. Emulsion polymers are waterborne solvents. As monomer dissolves in water, it can act as a substitute for many solvent-borne polymers. Its low volatile organic compound (VOC) property makes it worthy. Benefits of the monomer also include high molecular weight and better recyclability due to which its demand is increasing in many end-user industries. The increasing demand for paints & coatings in the automotive sector and building & construction sector is also boosting the market demand as well as growth. Other market drivers for the global emulsion polymers market growth include the replacement of solvent-borne polymers with eco-friendly waterborne polymers made from emulsion polymers growing environmental concern regarding solvent-borne polymers and growing environmental concern regarding such polymers. However, volatile prices of crude oil can hurt the market growth as emulsion polymers derived from crude oil and natural gas.
Market Segmentation
The global Emulsion Polymers industry segmentation encompasses application and types. MRFR’s take on the market marks various facets of the market in-depth.
The application-based segmentation of this market covers adhesive & sealants, paper & paperboards, paint & coatings, and others. The paint & coatings application sector holds 30% of the market share due to increasing demand from the automotive industry as well as the construction industry. The emulsion polymers are used for improving the quality of paints and coatings. Manufacturers of paints want to manufacture paints with better quality, higher strength, and enhanced heat sensitivity. Hence, the market is adopting new technology that subsequently increases usage of emulsion polymers. Other factors that support the growth of paint & coatings application sector include growing demand of adhesives in the automotive industry and the aerospace industry, changing the lifestyle of consumers, and improving gross domestic products (GDPs) of developing nations.
By type, the market includes acrylics, styrene-butadiene latex, polyurethane dispersions, vinyl acetate polymers, and others. The acrylic-based emulsion polymers segment generates revenue that is higher than other segments, due to its properties like quick drying ability and water resistance. Not only acrylic dries the paints quickly, but it also provides good adhesion, strength, and quality. Hence, the demand, sales, and use of acrylic are increasing in the paints & coatings industry, and thus, the emulsion polymers market is also expanding. The market for vinyl acetate polymers is also surging due to increased output of water-based adhesive, paper, and wood manufacturing.
Regional Segmentation
A geographical outlining of the global emulsion polymers market covers the Asia Pacific, North America, Europe, and Rest of the World (RoW).
The Asia Pacific has the potential to provide much thrust to construction activities. The paints & coating industry is also expanding in this region. In developing countries including China and India, the demand for paints & coatings increasing with the need for adhesives. Hence, the demand and market are growing for acrylics too. The acrylic products are required for infrastructure development for which the demand for construction material leads to the growth of construction sector as construction of new buildings would lead to development of infrastructure and market growth for emulsion polymers. Japan is another economy in this region that has the potential of emerging as a powerful country-specific market.
In Europe and North America, the market can grow steadily. The USA is the strongest economy in North America. In USA, the market growth for emulsion polymers slowed down due to recession. Maximum demand, as well as maximum reduction for paints & coatings, happened in the automotive industry and construction industry. As North America and Europe have more advanced infrastructure compared to the Asia Pacific region, the market in these regions can be stable but to grow, it cannot pick up the pace of Asia Pacific market. Stringent regulations from governments in Europe regarding chemical emission in the environment have reduced the demand for emulsion polymers in this region. Canada is another important economy that has the potential to become an important country-specific market in North America. In Europe, such economies are France, Germany, and the UK.
The RoW segment covers the Middle East & Africa (MEA) region. During the assessment period, the market in this region is likely to grow significantly due to expanding energy resources. Due to these resources, the research & development (R&D) of emulsion polymer is increasing.
Key Players
Big players in the global emulsion polymers market are Arkema Co. (France), Celanese Corporation (USA), BASF SE (Germany), The Dow Chemical Company (USA), Dī Ai Shī Kabushiki-gaisha (DIC) Corporation (Japan), Koninklijke DSM N.V. (Netherlands), Nuplex Industries Ltd (Australia), Omnova Solutions Inc. (USA), Trinsea Co. (USA), and Wacker Chemie AG (Germany).
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