The global market for polymer emulsions is expected to register a CAGR of about 6% between 2015 and 2020. Asia-Pacific is expected to grow at the fastest rate in the corresponding period with a CAGR of 8%. Additionally, it has the largest market for polymer emulsions, accounting for an estimated share of 34%. Demand in this region is likely to be driven by the growing markets of China and India, with the end-use industries like building & construction, transportation and consumer durables contributing to the overall increase of this market. The region has also benefitted from capacity expansions initiated by major players over the past few years. Another major factor responsible for propelling the growth is the increasing awareness with regard to the harmful effects of volatile organic compounds (VOCs).
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Emissions of volatile organic compounds (VOCs) has been a constant topic of discussion among the several environmental concerns; as a consequence of which, governments across the world are enacting stringent policies to either curtail or completely ban them. This has led to the emergence of the technique of emulsion polymerization that is capable of producing polymers with high molecular weight and very little viscosity.
Polymer emulsions employ a wide variety of ingredients in their production, including monomers, co-monomers, initiators, surfactants and non-surfactant stabilizers, among others. Growing awareness with regard to the adverse effects of VOC emissions which are present in a majority of solvent-based products has resulted in generating greater demand for emulsion polymers, which are low in VOC content.
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With the automotive and building & construction industries making a rebound, demand for paints & coatings is also expected to witness growth, in turn, fueling the market for low-VOC polymer emulsions used in their production. Other factors instrumental in driving growth include a resurgence in the paper & paperboard industry and greater demand for adhesives & carpet backing.
By product type, acrylic emulsions dominate the global polymer emulsions market, accounting for an estimated share of about 39% in 2015. In terms of growth, the demand for vinyl emulsions is likely to surpass the other segments by recording a robust CAGR of 8.5% over (2017 - 2022).
Several of the major end-users of vinyl emulsions, such as adhesives, paper & paperboard coatings and paints & coatings would be instrumental in fueling the demand for this category of polymer emulsions. Demand for polyurethane (PU) dispersions is also anticipated to maintain healthy growth during the analysis period.
The market is segmented by product type (Acrylics, Polyurethane dispersions, Styrene butadiene latex, Vinyl and other polymer emulsions), by their application (Paper and paper coating, adhesives and carpet backing, paints and coatings and other applications) and regionally (North America, Europe, South America and Asia-Pacific). The key players are 3M Company, Clariant, Royal DSM NV, Nuplex Industries Inc., and Sumitomo Chemicals.
The increasing demand for VOC-free products as well as the Increasing use of the polymer emulsions to obtain end products; all these claim to be the potential drivers for this market.
The raw material prices are usually very high thus, making the end product more expensive.
What does the report offer?
Identification of key drivers and restraints of the Global polymer emulsions market.
Assessment and competition analysis
Identification of market scenarios, opportunities, and key companies
Extensively researched major companies profiles along with their strategic initiatives and market shares
Identification & analysis of the macro and micro factors affecting the Global Polymer Emulsions market.
Identification of Key market players with their strategic interests and key financial information
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