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Emulsion Polymers Market Analysis by Automation Type and Applications, Industry Growth Factors and Global Business Forecast 2022
Market Synopsis of Global Emulsion Polymers Market
Global Emulsion Polymers market is estimated to reach USD~49.3 billion by 2022 after growing at a CAGR of ~7.2% from 2016 to 2022.
Global emulsion polymers market is pacing high demand due to robust industry growth of paints & coatings, adhesives and paper & paperboard. Emulsion polymers are obtained through polymerization of surfactants, monomer and water. Thus, emulsion polymers are known as water borne solvents as the monomer is dissolved in water. Due to low volatile organic compound (VOC) it acts as a substitute for solvent borne polymers. With high molecular weight and better recyclability, it is widely used in various end user industries. Increase in demand for paints & coatings in building & construction and automotive sector in developing regions has boosted the demand for emulsion polymers on large scale for improving the paints quality. In addition, growing environmental concern regarding solvent borne polymers has replaced with eco-friendly water borne polymers which are manufactured using emulsion polymers. As the product is derived from crude oil and natural gas, volatile prices of crude oil prices have negatively impact the demand for emulsion polymers market growth.
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Market Dynamics: By type
On basis of product types, emulsion polymers are segmented into vinyl acetate polymers, styrene- butadiene latex, acrylics, polyurethane dispersions, others. Acrylic based emulsion polymers are largest revenue generating product segment for total of 39% of market volume in 2015 owing to various properties it possesses such as quick drying ability and water resistant. The ability of acrylic to quickly dry the paints and provide good strength, quality and adhesion has been the factors to drive the consumption of acrylic in paints & coatings industry. Thus, augmenting emulsion polymers market growth. Vinyl acetate polymers are also gaining significant growth owing to increase in output of water based adhesive, paper and wood manufacturing.
Market Dynamics: By Application
Based on application, emulsion polymers are used in various industries such as paint & coatings, paper & paperboards, adhesive & sealants. Paint & coatings application sector dominates the emulsion polymers market with more than 30% market share due to increase demand from construction and automotive industry to use improved quality of paints and coatings. Improving GDPs of developing nations along with changing lifestyle of consumers has shifted the demand for use of emulsion polymers in paints for construction activities. Manufacturer of paints are looking out for improved quality, strength and heat sensitivity paints which has pushed the market to undertake new technology thereby increasing usage of emulsion polymers. Growing demand of adhesives in automotive and aerospace industry is also driving the demand for emulsion polymers.
Market Dynamics: Regional Analysis:
Asia-Pacific emulsion polymers market dominates the market segment owing to growing construction activities coupled with developing paints & coating industry. China and India being a developing region has flourish the demand for paints & coatings along with increase in demand for adhesives will drive the emulsion polymers market demand for acrylics as well. Europe and North America will show a steady growth in emulsion polymers market. Due to economic downturn in U.S market post-recession has hampered the market growth of emulsion polymers in paints & coatings especially in construction and automotive industry. Middle East & Africa is anticipated to witnessed significant growth owing to expanding energy resources leading to increasing R&D of emulsion polymer. Stringent regulations of government regarding chemical emission in environment has slow down the demand for emulsion polymers in Europe region. Increasing environmental concern to use bio based emulsion polymers will open an opportunity for small players in developing regions.
Key Players
Innovation coupled new product development such as water based acrylic emulsion polymers has benefited players in different regions. The Key players of global Emulsion Polymers market are Celanese Corporation (U.S), BASF SE (Germany), The Dow Chemical Company (U.S), Arkema Co. (France), Koninklijke DSM N.V. (Netherlands), DIC Corporation (Japan), Trinsea Co. (U.S), Wacker Chemie AG (Germany), Omnova Solutions Inc. (U.S), Nuplex Industries Ltd (Australia) and others.
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Conclusion:
The global emulsion polymer market is driven mainly by increasing usage of emulsion polymers in paints and coatings and adhesives. The innovation in emulsion polymer such as water and bio based polymer emulsions are anticipated to provide opportunities in developed regions. The increase in awareness about using high quality acrylic based emulsion polymer in paints owing to rise in construction activities has also shifted manufacturer to increase the usage of emulsion polymer in paints. Increase in awareness among consumer about green building is also anticipated to boost the market growth.
Study Objectives of Emulsion Polymers Market
• To study market overview of the emulsion polymers.
• To estimate market size by types, by application and region.
• To provide insights about market drivers, restrains and opportunities related to emulsion polymers market.
• To provide geographical market analysis and outlook for North America, Europe, Asia along with other parts of the world.
• To analyze the global emulsion polymers market based on various factors- supply chain analysis, Porters Five Force analysis etc.
• To provide strategic profiling of key players in the market; broadly analyzing their core competencies.
• To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments besides research and developments related to global emulsion polymers market.
The report for Global Emulsion Polymers Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of top key players in the industry. Along with these it also gives a broad study of the different market segments and regions.
Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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