Global Emulsion Polymers Market Can be Worth $ 4,317.10 MN by 2030 Due to Its Benefits
Description :
Emulsion
Polymers Market Information: by Types (Vinyl acetate polymers, Styrene-
butadiene latex, Acrylics, Polyurethane dispersions, Others), Application
(Adhesives & Sealants, Paper & Paperboard, Paints & Coatings,
Others) and Region Forecast till 2030
Keywords:
Global Emulsion Polymers Market industry , Emulsion Polymers Market, Global
Emulsion Polymers industry , Emulsion
Polymers Industry value, Emulsion
Polymers Industry segment
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Emulsion
Polymers Market Analysis:
The
greatest market driver for the global emulsion polymers market growth is high
pacing demand for emulsion polymers. The demand is rising due to the robust
industry growth of various products whose manufacturing requires emulsion polymers
on an essential level. Emulsion polymers are waterborne solvents. As monomer
dissolves in water, it can act as a substitute for many solvent-borne polymers.
Its low volatile organic compound (VOC) property makes it worthy. Benefits of
the monomer also include high molecular weight and better recyclability due to
which its demand is increasing in many end-user industries. The increasing
demand for paints & coatings in the automotive sector and building &
construction sector is also boosting the market demand as well as growth. Other
market drivers for the global emulsion polymers market growth include the
replacement of solvent-borne polymers with eco-friendly waterborne polymers
made from emulsion polymers growing environmental concern regarding solvent-borne
polymers and growing environmental concern regarding such polymers. However,
volatile prices of crude oil can hurt the market growth as emulsion polymers
derived from crude oil and natural gas.
The
global emulsion polymers market segmentation encompasses application and types.
MRFR’s take on the market marks various facets of the market in-depth.
The
application-based segmentation of this market covers adhesive & sealants,
paper & paperboards, paint & coatings,
and others. The paint & coatings application sector holds 30% of the
market share due to increasing demand from the automotive industry as well as the
construction industry. The emulsion polymers are used for improving the quality
of paints and coatings. Manufacturers of paints want to manufacture paints with
better quality, higher strength, and enhanced heat sensitivity. Hence, the
market is adopting new technology that subsequently increases usage of emulsion
polymers. Other factors that support the growth of paint & coatings
application sector include growing demand of adhesives in the automotive
industry and the aerospace industry, changing the lifestyle of consumers, and
improving gross domestic products (GDPs) of developing nations.
By
type, the market includes acrylics, styrene-butadiene latex, polyurethane
dispersions, vinyl acetate polymers, and
others. The acrylic-based emulsion polymers segment generates revenue that is higher than
other segments, due to its properties like quick drying ability and water
resistance. Not only acrylic dries the paints quickly, but it also provides
good adhesion, strength, and quality. Hence, the demand, sales, and use of
acrylic are increasing in the paints & coatings industry, and thus, the
emulsion polymers market is also expanding. The market for vinyl acetate
polymers is also surging due to increased output of water-based adhesive,
paper, and wood manufacturing.
Regional Segmentation
A
geographical outlining of the global emulsion polymers market covers the Asia
Pacific, North America, Europe, and Rest of the World (RoW).
The
Asia Pacific has the potential to provide much thrust to construction
activities. The paints & coating industry is also expanding in this region.
In developing countries including China and India, the demand for paints &
coatings increasing with the need for adhesives. Hence, the demand and market are
growing for acrylics too. The acrylic products are required for infrastructure
development for which the demand for construction material leads to the growth
of construction sector as construction of new buildings would lead to
development of infrastructure and market growth for emulsion polymers. Japan is
another economy in this region that has the potential of emerging as a powerful
country-specific market.
In
Europe and North America, the market can grow steadily. The USA is the
strongest economy in North America. In USA, the market growth for emulsion
polymers slowed down due to recession. Maximum demand, as well as maximum
reduction for paints & coatings, happened in the automotive industry and
construction industry. As North America and Europe have more advanced
infrastructure compared to the Asia Pacific region, the market in these regions
can be stable but to grow, it cannot pick up the pace of Asia Pacific market.
Stringent regulations from governments in Europe regarding chemical emission in
the environment have reduced the demand for emulsion polymers in this region.
Canada is another important economy that has the potential to become an
important country-specific market in North America. In Europe, such economies
are France, Germany, and the UK.
The
RoW segment covers the Middle East & Africa (MEA) region. During the assessment
period, the market in this region is likely to grow significantly due to
expanding energy resources. Due to these resources, the research &
development (R&D) of emulsion polymer is increasing.
Big
players in the global emulsion polymers market are Arkema Co. (France),
Celanese Corporation (USA), BASF SE (Germany), The Dow Chemical Company (USA),
Dī Ai Shī Kabushiki-gaisha (DIC) Corporation (Japan), Koninklijke DSM N.V. (Netherlands), Nuplex
Industries Ltd (Australia), Omnova Solutions Inc. (USA), Trinsea Co. (USA), and
Wacker Chemie AG (Germany).
Latest Industry News
·
SNF Group is
set to invest USD 1.2 billion over a period of three years to increase the
production of polyacrylamide. SNF has also added 500,000 m.t./yr production
capacity for emulsion-grade powder-grade polyacrylamide (PAM) within and
100,000 meter/year outside the USA. 21
AUG 2019
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