Global emulsion polymer market size is likely to witness gains at CAGR of more than 5% up to 2023.
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Asia Pacific is expected to dominate the global construction spending segment by accounting close to 39% of the total volume in 2018. China dominated the region with an estimated construction spending of USD 1.78 trillion in 2013 while Japanese and Indian market witnessed a figure of USD 747 billion and USD 474 billion in the same year respectively.
Water based emulsion polymer market is widely gaining acceptance in automobile industries over synthetic/solvent borne technologies owing to environmental benefits. This allows the manufactures to reduce VOC content emissions from their plants.
Increase in adhesives demand for application such as paper & paperboard packaging which includes paper bags, folded cartoons and boxes is likely to drive emulsion polymers market. Global adhesives demand was close to 9.4 million tons in 2014. Adhesives based on emulsion polymers have certain benefits which include absence of flammable solvents which makes mixing & handling easier, it reduces fire risk & minimize special precaution steps required for solvent-borne adhesives use in ventilation areas.
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Emulsions are also used as binders for pressure sensitive applications such as tapes & labels, nonwoven applications such as diapers & adult incontinence products and consumer products such as household & carpenter wood glue.
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