- – Owing to ability of acrylics to impart quick-drying property to paints, worldwide companies in the paints industry are growing the use of acrylics in their products
- – Extensive demand for emulsion polymers due to increasing building and construction activities in Asia Pacific is estimated to help in the expansion of regional market in forecast period of 2019 to 2027.
Transparency Market Research, New York: Emulsion polymers find application in the processing of diverse types of paints such as automotive OEM and refinish paints. These polymers are also increasingly used in coatings such as decorative coatings, architectural coatings, and other industrial coatings.
Emulsion polymers are used in painting industry as they help in improving color quality, self-repairing abilities, heat sensitivity of paints.
According to analysts at TMR, the acrylics segment in global emulsion polymers market will offer lucrative avenues for players in this market. This segment is foreseen to show growth at prodigious CAGR of over 5.5% during the forecast period of 2019 to 2027 and achieve the valuation of worth over US$21 Bn in 2027.
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Key Findings of Emulsion Polymers Market Report
- – Among all end-user segments, paints and coatings was the leading segment of the global emulsion polymers market in 2018
- – Of diverse products, acrylics segment held a lion’s share in the global emulsion polymers market in 2018
- – Geographically, Asia Pacific held major share in the global emulsion polymers market
- – The emulsion polymers market in the Asia Pacific region is foreseen to show prodigious growth at a CAGR of over 6.5% and gain prominent revenues during 2019 – 2027
- – Asia Pacific market will show prodigious demand opportunities owing to increasing construction activities in developing countries such as India and China
- – The nature of global emulsion polymers market is moderately fragmented
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Emulsion Polymers Market: Key Driving Factors and Promising Avenues
- – The emulsion polymers market holds remarkable demand opportunities from the companies engaged in the paints and coatings industry.
- – In recent period, paints and coatings industry is witnessing remarkable growth in demand for high-quality paints. As a result, companies engaged in paint manufacturing are increasing the use of emulsion polymers to improve the quality of their end-products.
- – Increasing use of permanent and removable adhesives in the consumer goods industry is foreseen to grow sales avenues in emulsion polymers market in the forthcoming years.
- – Upward curve of demand for acrylics will stimulate the Asia Pacific emulsion polymers market in the years ahead.
- – Growing uptake of adhesives in automotive sector will positively impact the emulsion polymers market growth.
- – Improved disposable income of major population is driving demand in consumer goods industry, thereby pushing the development of emulsion polymers market
- – Manufacturers in the global emulsion polymer market are heavily investing in research activities to innovate their products. One of such efforts is the launch of new category of products named water-based acrylic emulsion polymers. The specialty of these products is that they can gel with water-based inks as well as overprint varnishes.
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Emulsion Polymers Market: Competitive Assessment
New entrants in the global emulsion polymers market will need to use diverse strategies to sustain in the highly competitive atmosphere. Market leaders are focused on strengthening their product portfolio by rolling out new products. This aside, many players are growing efforts to explore the usability of emulsion polymers in newer end-use industries. Development of bio-based emulsion polymers is one of the key strategies used by gamut of enterprises in the global emulsion polymers market in recent times.
The list of important players in the global emulsion polymers market includes Trinseo S.A., BASF SE, Synthomer plc, The Dow Chemical Company, Celanese Corporation, and Arkema S.A.
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The global emulsion polymers market can be segmented as follows:
Product
- – Acrylics
- – Styrene-butadiene latex
- – Vinyl acetate polymers
- – Polyurethane
- – Others (Silicone, Hybrid Epoxy, etc.)
End-User
- – Paints & Coatings
- – Paper & Paperboard
- – Adhesives
- – Textiles & Non-woven
- – Others (Leather, etc.)
Region
- – North America
- – Europe
- – Asia Pacific
- – Latin America
- – Middle East & Africa
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