Polymer Emulsion Market Emerging Trends: Predicting Shifts and Opportunities for Growth by 2031

Market Introduction

The global Polymer Emulsion market was valued at USD 32,166.3 Million in 2021 and is projected to reach USD 57,500.7 Million by 2030, growing at a CAGR of 6.9% during the forecast period. In 2021, approximately 21,850.8 thousand metric tonnes of Polymer Emulsion were sold. Polymer emulsions are widely used in the manufacturing of various products such as inks, adhesives, paints, drug delivery systems, coatings, cosmetics, films, gloves, and floor polish. The market is expected to be driven by the increasing demand for paints and coatings, as well as the rapid growth in the paper and paperboards markets. Additionally, there is a growing awareness and demand for bio-based polymer emulsions, which is expected to fuel market growth. However, the volatile and high cost of raw materials may negatively impact market growth.

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Growth Influencers:

Growing awareness and demand for bio-based polymer emulsions:
The increasing demand for bio-based polymer emulsions is driven by rising awareness regarding eco-friendly and sustainable products. There is a growing demand for high-performance and durable biopolymers, coupled with government regulations and environmental concerns to reduce dependency on synthetic chemicals that negatively impact the environment. This growing awareness and demand for bio-based polymer emulsions are expected to boost market growth during the forecast period.

Segments Overview:

The global Polymer Emulsion market is segmented based on technology, monomer base, applications, and end user.

By Technology:
- Dry (Isolated)
- Liquid

The liquid segment is anticipated to witness the fastest growth rate of around 7.1% over the projected period. The increasing demand for liquid form polymer emulsions in applications such as paints and adhesives is driving the growth of this segment.

By Monomer Base:
- Styrene-butadienes
- Pure Acrylic
- Styrene-Acrylic
- Vinyl Acetate Copolymers
- Pure Vinyl Acetate
- Vinyl-Acrylic
- Others

The pure acrylic segment is expected to account for the highest share in 2021, surpassing 15%. This is due to the rising usage of pure acrylic polymer emulsions in various industries, driven by their good durability. The styrene-acrylic segment is also expected to grow significantly and reach a market value of over USD 5,000 million by 2023, offering good film strength.

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By Applications:
- Paints & Coatings
- Adhesives & Sealant
- Nonwovens
- Paper
- Print & Packaging
- Construction
- Textiles
- Others

The adhesives and sealants segment is expected to witness the highest growth rate of around 9% during the forecast period. The paints and coatings segment holds a significant opportunity, with a market value of more than USD 7,500 million from 2022 to 2030, driven by the extensive use of polymer emulsions in paint manufacturing. The construction segment is also projected to surpass a market value of USD 5,000 million by 2027, fueled by the increasing demand for biopolymer emulsions in the construction industry.

By End User:
- Automotive
- Buildings
- Retail & Ecommerce
- Manufacturing
- Others

The automotive segment is expected to witness the fastest growth rate of around 7.8% over the forecast period, driven by the rising demand for automotive paints. The buildings segment is estimated to cross a market value of USD 15,000 million by 2025, fueled by the growth in the construction industry.

Regional Overview:

The global Polymer Emulsion market is divided into Asia Pacific, Europe, North America, and the Rest of the World.

Asia Pacific is expected to hold the largest market share of more than 35% in 2021. This is attributed to the increasing production and sales of automobiles in the region. For example, in China, the production of vehicles increased by 3.19% in 2017 compared to the previous year, reaching 29,015,434 vehicles, according to the International Organization of Motor Vehicle Manufacturers.

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Competitive Landscape:

Major players in the global Polymer Emulsion market include Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, DIC Corporation, Dow Chemical Company, Synthomer Plc, Nippon Paper Industries Co., Ltd., Toyobo Co., Ltd., The Lubrizol Corporation, Trinseo, Wacker Chemie AG, and other prominent players. The cumulative market share of the four major players is approximately 30%. These market players are actively involved in collaborations, mergers and acquisitions, and new product launches to strengthen their market presence. For instance, Arkema invested in the construction of a brand-new powder coating resins lab in Cary, N.C., their headquarters for coating resins, which is expected to begin operations by the end of the third quarter of 2022.

Chlorinated Polyolefins Market:

Chlorinated Polyolefins are widely used as adhesion-promoting resins for coatings applied to thermoplastic olefin and polypropylene substrates. They possess excellent humidity resistance, adhesion to PP and TPO plastics, and outstanding resistance to gasohol and gasoline. The market growth is expected to be driven by various applications in sewage and plumbing in residential and commercial sectors, as well as the rise in construction and housing activities.

Based on the substrate, the polyethylene chlorinated polyolefin segment is expected to account for a considerable share of the market. In terms of type, the market is segmented into water-borne, solvent-borne, toluene, and xylene. Key players in the market include Sundow, Gaoxin Chemical, Nippon Paper Industries Co., Ltd, Eastman Chemical Company, Lubrizol, among others.

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The global Polymer Emulsion market report provides insights on various aspects such as market penetration, market development, market diversification, competitive landscape assessment, product development and innovation, and global Chlorinated Polyolefins market overview. It also answers questions related to market size and forecast, the impact of COVID-19, investment opportunities, technology trends, market share of leading players, and favorable modes and strategic moves for entering the market.

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