The increasing number of building and construction industries and the rising demand for paint and coatings augment the need for emulsion polymers, thereby boosting the global emulsion polymers market. Emulsion polymers are created by polymerization followed by emulsification of monomers, for example, styrene and butadiene and some co-monomers like vinyl acetic acid derivation.
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Rising Number of Construction and Building Activities are Likely to Add Impetus to Overall Growth of Market
Expanding utilization of the item in paints, coatings, and cement is likely to drive development. Expanding development projects, particularly in the rising economies of the Asia Pacific and the Middle East, has likewise been driving the requirement for top-notch paints and coatings, which is expected to increase industry volumes. The growing inclination towards scent-free items that contain low VOCs is prodding the development of paints and coatings portion. The essential justification for this inclination is the rigid ecological guidelines and strategies that are supportive of climate amicable items.
Geographically, Asia Pacific is holding the largest share in the global emulsion polymers market on account of the rising number of construction and building activities. This, coupled with the rising demand from the coated paper and paperboard food packaging sector will also add a boost to the regional growth of this market. China and India are the leading producers and users of emulsion polymers and their inclination towards water-borne products to replace adhesives and solvent-based coatings is likely to aid in the expansion of the overall growth of the market.
Manufacturers of the global emulsion polymers market are focusing on quality improvement and launching new products to attract significant growth in the coming years. The presence of multiple players resulted in intense market competition. Some other players are also engaging in the launch of bio-based products to meet the recent eco-friendly standards for products and commodities. Such initiatives will also help players gain an upper hand in the overall market competition. The key objective of players is to expand their product portfolio and expand the uses of emulsion polymers across various end-user industries.
Some of the key players of the global emulsion polymers market include Trinseo S.A., The Dow Chemical Company, BASF SE, Arkema S.A., Celanese Corporation, Synthomer Plc., and others.
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Acrylics Segment Emerged Dominant Accounting to High Popularity among Other Product Types
As per the classification by Type, the acrylic segment is holding the largest share on account of the high use of acrylics in emulsion polymers, especially in developing nations of Asia Pacific. The increasing demand for acrylic coatings and paints will further help this segment continue dominating the market in the coming years.
According to this report by Transparency Market Research, the global emulsion polymers market value stood at USD 40 billion in the year 2018 and is likely to rise at a CAGR of 6.2% between 2019 and 2027.
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