Polymer Emulsion Market - Forecast (2024 - 2030)
Polymer Emulsion Market Overview
Polymer Emulsion Market size is forecast to reach $65.48 billion by 2030, after growing at a CAGR of 6.1% during 2024-2030. Rise in the use of polymer emulsion in paints, coatings, and adhesives is estimated to drive the global market growth. Growing construction projects, primarily in the developing economies of Asia Pacific region has also fueled the need for high-quality paints and coatings which has in turn enhanced industry volumes. Additionally, the use of adhesives in the automotive industry is projected to significantly contribute to market growth during the forecast period, 2024-2030.?
The blending of two liquids with differing densities is called emulsion, typically exemplified by oil and water. In the realm of emulsion polymerization, a monomer undergoes emulsification in the presence of water and a surfactant, often sodium stearate, culminating in a polymer emulsion. Monomers frequently utilized in the process of polymerization includes styrene, acrylonitrile, butadiene, acrylate ester, and methacrylate ester. These polymer emulsions, serving as specialty polymers, contribute to the production of various specialty chemicals such as offset inks, adhesives, paper products, paints, coatings, textiles, and construction materials.
The technique of polymer emulsion synthesis yields polymers characterized by high molecular weight and minimal volatile organic constituents. Particularly noteworthy are products derived from polyvinyl acetate-based polymer emulsions, exerting significant influence in adhesive, paint, and coatings industries.
COVID-19 Impact
As a result of the COVID-19 outbreak, almost every country had tightened travel restrictions. The increasing number of infected patients and total lockdown in major industrial hubs had halted the manufacturing industry. Workers had either returned to their hometowns or been quarantined to prevent the spread of the coronavirus. Due to potential upstream supply chain issues, construction, automotive, chemical, textile, and coatings companies had been forced to close locations.
Chemical manufacturers had either ceased production or are operating at a low utilization rate. However, with the lifting of the lockdown, government bodies around the world are gradually encouraging construction, automotive, chemical, and textile & coatings companies to resume work, and companies are working towards market recovery with the expected increase in sales gradually in coming years.
Report Coverage
The report: “Polymer Emulsion Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polymer Emulsion Industry.
By Application: Paints & Coatings, Adhesives & Sealants, Printing Inks and Others.
By Type: Acrylic Polymer Emulsion, Vinyl Acetate Polymer Emulsion, Styrene-Butadiene Latex and Others.
By End Use Industry: Automotive, Building & Construction, Pulp & Paper Industry, Textile Industry, Industrial and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).
Key Takeaways
? Paints & coatings industry stands to be the largest consumer of polymer emulsion. Paints & coatings are extensively used in industries, such as construction, automotive, and packaging.
? The global construction paints & coatings market has witnessed significant growth in 2023 primarily due to the increased demand of protective and durable paints.
? Rising awareness among end-use industries regarding the environmental impact of solvent-based products coupled with favorable regulatory trends is estimated to fuel the market demand.
? Asia-Pacific has been witnessing huge residential and commercial construction projects due to growing housing needs, and noticeable growth opportunities prevailing in the region.
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Polymer Emulsion Market Segment Analysis - By Application
In 2023, paints & coatings held the largest market share. Rising customer focus on quality and appearance has led to the increase in the demand for enhanced quality paints and technology driven coatings. Additionally, the industry has witnessed rise in the demand for odor-free products that contain low Volatile Organic Compounds (VOCs) owing to change in customer preferences.?
Polymer Emulsion Market Segment Analysis - By Type
The acrylics segment accounted for the largest share of the overall polymer emulsion market, in terms of value, in 2023. Acrylic polymer emulsion is produced by an emulsion polymerization process in which the acrylic polymer droplets are emulsified in water and then polymerized. The demand for the acrylics polymer emulsion is driven by the large usage in applications such as paints & coatings, adhesives & sealants in construction, industrial, and automotive & transportation industries. Acrylic Polymer Emulsion is highly versatile and possesses superior properties such as low volatile emission compound (VOCs) emission rate and excellent durability making it suitable for numerous applications in end use industries such as building & construction, paints & coatings, textiles, and others. Additionally, rising consumer awareness regarding harmful effects of solvent-based emulsion, is driving growth for acrylic polymer emulsion.?
Polymer Emulsion Market Segment Analysis - By Geography
Asia Pacific dominated the polymer emulsion market with a share of more than 37%, followed by Europe and North America. Escalating demand of the product in building & construction, paints and coatings, and automotive sectors in developing nations of Asia Pacific is estimated to fuel the market growth. In addition, the availability of cheap raw material, land, equipment, and skilled labor are some of the factors contributing to the growth of emulsion industry in Asia Pacific. Furthermore, Asia Pacific is estimated to continue to be the biggest consumer during the forecast period, 2024-2030, owing to the increased spending on construction facilities, rising population, elevated standard of living, and higher purchasing power.
Polymer Emulsion Industry Outlook
Technology launches, acquisitions and collaboration are key strategies adopted by players in the polymer emulsion market. The key companies in the Polymer Emulsion Market are:
1. DuPont de Nemours, Inc.
2. DIC Corporation
3. Wacker Chemie AG
4. 3M
5. Trinseo
6. Berkshire Hathaway (The Lubrizol Corporation)
7. Synthomer Plc. (Omnova Solutions Inc.)
8. BASF SE
9. Celanese Corporation
10. Arkema Group
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