Fior Markets launched a study titled “Polymer Emulsion Market by Type (Acrylics, Vinyl Acetate Polymers, SB Latex, Others), Applications, Regions”,and Global Forecast 2019-2026.
The global polymer emulsion market is expected to grow from USD 30.43 Billion in 2018 to USD 55.81 Billion by 2026, at a CAGR of 7.88% during the forecast period from 2019-2026. Increasing demand from the building & construction, automotive & transportation, and industrial sectors coupled with implementation of stringent VOC emissions norms are driving the global polymer emulsion market.
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The acrylics based polymer emulsion segment is anticipated to grow at a CAGR of 9.93% in 2019-2026
The type segment is divided into acrylics, vinyl acetate polymers, SB latex and others. Acrylics based polymer emulsion are most widely used due to their durability and absence of VOC content. Also, acrylics are of immense use in the manufacturing of polymers with rigid, flexible, ionic, nonionic, hydrophobic properties. Consequently the acrylics based polymer emulsion segment is expected to grow at an accelerated CAGR of 9.93% over the forecast period.
The paints & coatings segment had a market value of USD 12.83 billion in 2018
The application segment is categorized into paints & coatings, adhesives & sealants, paper & paperboard, and others. Polymer emulsions are being increasingly preferred in the production paints and coatings due to their low flammability, low VOC content. Thus, the paints and coatings segment emerged as the largest with USD 12.83 billion revenue in 2018.
Even though the factors such as strict regulations pertaining VOC emissions, rising awareness about green buildings as well as growing demand for the consumer goods in the developing economies are driving the global polymer emulsion market. The volatility in the raw material prices is anticipated to dampen the growth of the market over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Based on the factors such as rapid development of the end user industries such as construction, automotive coupled with increasing urbanization driving the demand for the paints and coating, the Asia pacific region is projected to grow at the highest CAGR of 10.02% over the forecast period. The Europe region also accounted for a robust share of global polymer emulsionmarket. This increased market share can be attributed to the implementation of strict norms pertaining VOC emissions as well as growing demand for the bio-based paints and coatings in the region.
Major players in the global polymer emulsion market are DIC Corporation, DowDuPont, BASF SE, Arkema Group, Celanese Corporation, Trinseo, The Lubrizol Corporation, WackerChemie AG, SynthomerPlc, Omnova Solutions Inc., Momentive Performance Materials Inc., Dairen Chemical Corporation, Mallard Creek Polymers, Inc., Mallard Creek Polymers, Inc., Specialty Polymers, Inc., Stanchem Polymers, Visen Industries Limited, Zschimmer& Schwarz, Kamsons Chemicals Pvt. Ltd., Scott Bader Company Ltd., Apcotex Industries Limited, Pexichem Private Limited, and among others.
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