Press release
Emulsion Polymers Market to hit US$ 66 Bn by 2027
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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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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.
Additionally, improving the utilization of cement in the automobile industry is required to essentially add to showcase development presently. Water-borne emulsions offer a few advantages like superb erosion insurance, quicker drying rates, hardness, protection from UV light, and great shine. Moreover, utilizing water as a dissolvable gives other huge benefits like no smell, diminished danger of blast, and wellbeing risks. Water-borne emulsions can be modified for various end-client applications by utilizing various added substances and monomers like methyl acrylate, styrene, and n-butyl acrylate. Henceforth, innovative progression for delivering water-borne emulsions is expected to set out good open doors throughout the years ahead.
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Besides, developing ecological guidelines on discharges of unpredictable natural mixtures (VOCs) and rising costs of raw petroleum, the makers have started research on creating emulsion polymers from organic assets. Moreover, some rigid guidelines forced on the emanation of some VOCs during fabricating are restricting the development of the worldwide emulsion polymer market. Despite that, the dispatch of bio-based items combined with expanding mindfulness in regards to these items is boosting its reception which is setting out worthwhile open doors for central participants working in the worldwide market for emulsion polymers.
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.
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The information in this review is derived from a report by Transparency Market Research Titled, "Emulsion Polymers Market (Product: Acrylics, Styrene-butadiene Latex, Vinyl Acetate Polymers, Polyurethane, Silicone, and Hybrid Epoxy; and End-Use: Paints and Coatings, Paper and Paperboard, Adhesives, Textiles and Non-Woven and Leather) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027."
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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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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