The emulsion polymers market to grow at a noteworthy CAGR of around 6.4% during the period from 2018 to 2026. Some of the major factors behind these projections include the expansion in paints & coatings industry. Emulsion polymers are being widely adopted by paints & coatings industry as it exhibit low VOCs and also abide by the REACH and clean air act regulations. Emulsion polymers are also widely used in automotive, paper & paperboard, and building & construction industry. The major driving factor for emulsion polymers market is the growth in the paints & coatings industry. In addition, the growing awareness regarding the concept of green buildings also boosts the market for emulsion polymers globally.
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The market growth for emulsion polymers is likely to be hampered due to the volatility of raw material prices. One of the major challenges faced by the manufacturers of emulsion polymers in the production of cost effective emulsion polymers while maintaining the product quality. However, the manufacturers of emulsion polymers have huge growth opportunities during the forecast period owing to the adoption of bio-based emulsions and growing concept of green buildings.
Emulsion polymers market has been segmented based on type, and application. Based on type the market has been divided into acrylic polymer emulsion, vinyl acetate polymer emulsion, and SB latex. The acrylic polymer emulsion is projected to register the highest growth rate during the forecast period owing to its wide usage in paints & coatings industry. Paints & coatings, adhesives & sealants, and paper & paperboard are the various applications of emulsion polymers. Emulsion polymers in paints & coatings application was the highest revenue generator for global emulsion polymer market in 2013, owing to its low VOC content and lower handling and storage charges.
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Asia Pacific to be the most attractive market for emulsion polymers during the forecast period
The report focuses on the regional markets including North America, Europe, Asia-Pacific, and Rest of the World. Among these markets, Asia Pacific was the largest market for emulsion polymers in 2013 mainly due to the high usage of emulsion polymers in paints & coatings and automotive industry.
Asia Pacific is also anticipated to be the most attractive market for emulsion polymers market during the forecast period owing to the rapid industrialization resulting in the increased building & construction activity in countries such as India, China, Singapore, and Malaysia. Moreover, the increased adoption of water based emulsions in South Korea also boosts the demand for emulsion polymers in the region. In addition, the expansion of automotive industry in India, China, and South Korea also augments the growth of emulsion polymer in the region. Government regulations regarding low VOC emission in China and South Korea also supports the growth of emulsion polymers during the forecast period.
The market for emulsion polymer in North America and Europe is driven by the growth in the manufacturing sector coupled with strong economic growth. The increased investment in the oil & gas sector also drives the emulsion polymer market in U.S. and Canada.
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The growth of emulsion polymer market in Latin America region is supported by the strong automotive industry in Argentina. Also, the booming housing industry in Brazil boosts the growth of emulsion polymer market in the country.
Some of the key players profiled in the report include Wacker Chemie AG, Synthomer Plc, Trinseo, The Lubrizol Corporation, DSM, Allnex, Pexichem Private Limited, BASF SE, Arkema Group, DIC Corporation, DowDuPont, Celanese Corporation, Kamsons Chemicals Pvt. Ltd., Visen Industries Limited, and Omnova Solutions Inc. These key players mainly focus on product differentiation in order to have a strong customer base. Most the major companies have market strategies new product launch, and expansion of production capacity to have a good market share in the global emulsion polymer market.
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