Global emulsion polymer market size is likely to witness gains at CAGR of more than 5% up to 2023.

Global emulsion polymer market size was estimated at over 12 million tons in 2015 and is likely to witness gains at CAGR of more than 5% up to 2023. This market was valued at USD 29.8 billion in 2014.

Growth in major end-use industries such as automobiles and construction is likely to drive paints & coatings market demand which should translate in to a surge in emulsion polymer market size. Construction is the leading end-use industry for paints & coatings with increasing government initiatives to develop infrastructure projects in countries such as China, India, Indonesia and Thailand.

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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.
Bio-based emulsion polymers are similar in structure & chemical properties in comparison to synthetic based and have renewable content of 20-70% by volume. Development of 100% renewable based product would positively influence bio emulsion polymer market growth and also be used as drop-in substitutes to conventional counterparts.
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These were first used in 2008 for paper coating applications in the form of binders to match performance of synthetic binders with up to 35% replacement. These bio based binders have witnessed to impart rheological, coating structure & holdout and optical properties for wetting drying operations.
Asia Pacific dominated the region accounting for nearly 40% of the total volume in 2013. Asia Pacific is likely to witness highest gains with an estimated CAGR of over 7% owing to strong demand China, India, and Thailand and Indonesia emulsion polymers market. Key regions such as North America and Europe are likely to witness moderate growth rates over the forecast period.

Global emulsion polymer market share in fragmented and top four companies accounted for lesser than 35% of the total demand in 2013. The industry is price sensitive and most of the companies follow low-cost leadership policy approach. Key companies are likely to increase their production capacity and strengthen their product portfolio with aim to cater high growth regions such as Asia Pacific and Latin America.

Key industry participants include BASF, Asahi Kasei, Nuplex Industry, Clariant International, Celanese Corporation, Styron, Omnova Solutions, Styron Wacker Chemie AG, Synthomer and DIC International.

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This release was published on openPR.