Global emulsion polymers market in 2019 was approximately USD 35,000 Million. The market is expected to grow at a CAGR of 7.2% and is anticipated to reach around USD 57500 Million by 2026.
— The emulsion polymers market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire emulsion polymers market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
According to the Facts and Factors, Research Report, global emulsion polymers market in 2019 was approximately USD 35,000 Million. The market is expected to grow at a CAGR of 7.2% and is anticipated to reach around USD 57500 Million by 2026.
Emulsion polymerization is a type of polymerization extracted through surfactant, monomer and water emulsion. These are the monomer which dissolves in water. It acts as a substitute for solvent polymers due to its low volatile organic compound (VOC). These polymers are high in molecular weight and have better recyclability.
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Growing urbanization owing to the rise in globalization has to increase infrastructural projects in emerging economies. Growing infrastructural projects are raising the demand for paintings and coatings. The high requirement for paints and coatings has ultimately surged the demand for emulsion polymers. Moreover, the growing awareness of sustainable buildings is the driving factor in the market for emulsion polymers. Despite having a high demand for emulsion polymers, the frequent price changes in the manufacturing of such polymers are hampering the growth of the emulsion polymers market over the forecast period.
The global emulsion polymers market has been segmented based on type and application. The type of polymers is classified into acrylics, vinyl polymers, and SB latex among others. The acrylic polymer is the commonly used owing to its ability to dry the paints fast and provide better quality; strength and adhesion have been the key factors to proliferate the consumption of acrylic in paints and coating business. In terms of application, the emulsion polymers market has been bifurcated into paints and coatings, paper coatings, non-woven fabrics, carpet backing, adhesives, and sealants. The rise in per capita income in developing countries coupled with a shift in consumer preferences has raised the demand for emulsion polymers in the paint & coating industry. Hence, this application is holding the major market share and boosting the overall growth of the global emulsion polymer market.
Top Market Players:
Some of the prominent players operating in the global emulsion polymers market include Huntsman, BASF SE, Celanese Corporation, DIC Corporation, DowDuPont, Synthomer Plc, Wacker Chemie AG, 3M Company, Akzo Nobel N.V., Arkema Group, Asahi Kasei, Asian Paints, Dow Corning, Mallard Creek Polymers, Evonik and Eastman Chemical among others.
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An increase in construction projects and rising demand for green buildings are driving the global emulsion polymers market. In developing economies such as India and South Korea, the availability of cheap labor and raw materials are supporting the growth of this market.
Moreover, improved GDPs have raised the consumer's expenditure capacity. To meet the living standards, the customers are demanding for luxurious things like vehicles. Thereby, the growing automotive sector is fueling the demand for emulsion polymers in the painting and coating industry. In the painting industry, storage charges and handling charges of emulsion polymers are low compared to the utilization of such polymers in other applications. Certain factors are accelerating the growth of the global emulsion polymers market.
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The emulsion polymers market research report delivers an acute valuation and taxonomy of the emulsion polymers industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the emulsion polymers industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the emulsion polymers industry is provided for the leading economies of the world.
The global emulsion polymers market has been analyzed in the following regions including, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe and the Asia Pacific are the two leading regional segments generating the major chunk of the market revenue. The Asia Pacific is anticipated to maintain its position in forthcoming years as this region will have a high demand for emulsion polymers owing to a rise in construction projects. Moreover, growth in the automotive industry in developing economies including India, South Korea, and China will propel the demand for emulsion polymers. Further, these regions are analyzed into major countries. The major countries analyzed in this research report are the U.S., Mexico, Germany, UK, Canada, France, China, India, South Korea, Japan, Brazil, and South Africa among others.
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This report segments the emulsion polymers market as follows:
Global Emulsion Polymers Market: By Type Segmentation Analysis
Global Emulsion Polymers Market: By Application Segmentation Analysis
Paints and Coatings
Adhesives and Sealants
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