Emulsion Polymers Market is anticipated to reach US$54.95 bn in 2023

The leading players in the global emulsion polymers market – BASF SE, The Dow Chemical Company, Celanese Corporation, Arkema S.A., and Trinseo S.A. – collectively held a share of 29.9% in 2014. Expanding their product portfolio and catering to a wide range of end uses for emulsion polymers will be the top priority of these key players in the near future, says the new research report published by Transparency Market Research. According to the research report, the opportunity in the global emulsion polymers market will be worth US$54.9 bn in 2023, rising from US$32.2 bn in 2014 at a CAGR of 6.1% from 2015 to 2023.

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“To break through the high level of dominance of the aforementioned players, new entrants will have to develop new ways of manufacturing polymers. The commercialization of bio-based sources is likely to open up new channels to reach a sizeable consumer base,” recommends the lead author of this research report. Forming meaningful alliances with local manufacturers in developing countries is also expected to leverage the presence of larger companies in other regions.

Demand for Paints and Coatings in Developing Regions Renews Demand for Emulsion Polymers

The increasing demand for paints and coatings in the developing regions of Latin America and Asia Pacific have been the critical driving force for the global emulsion polymers market. The rising per capita income in these regions and the subsequent upgrade in the standard of living has led to a growth in the construction activity, which in turn, has resulted in the burgeoning demand for emulsion polymers. Growing awareness amongst builders and consumers about the quality of color, self-repairing ability of paint, and heat sensitivity have pushed manufacturers to undertake new process technologies and deliver innovation, thereby prompting them to increase the usage of emulsion polymers.

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Emulsion polymers are also used for manufacturing removable as well as permanent adhesives, which are extensively used in packaging, household furnishings, and footwear. The growing demand for these items has resulted in a considerable demand for emulsion polymers in the adhesives industry. The increasing usage of adhesives in automobile manufacturing and in the aerospace industry has also resulted in an increased demand for emulsion polymers, which is the key ingredient of adhesives.

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Emulsion Polymers Market Suffers as Raw Material Supply Dwindles

The surging prices of raw materials used in the production of emulsion polymers such as naphtha and ethane are hampering the overall market. The dependency of these raw materials on crude oil reserves is also restraining the market due to fluctuating prices of petrochemical products. Furthermore, demand for raw materials in various other end-user industries is expected have a negative impact on the supply of raw materials required for manufacturing emulsion polymers.

Acrylics Remain Prominent Segment due to their Unique Properties

The acrylics segment has been steering the growth of the global market and is expected to expand at a CAGR of 6.1% during the forecast period to present an opportunity worth US$19.8 bn by 2023. The unique abilities of acrylics such as excellent water resistance, strength, and good adhesion will continue to drive this segment at a pace faster than the others in the global market.

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This release was published on openPR.