Global Emulsion Polymer Market Outlook
The market is estimated to portray a CAGR of 7.21% during the forecast period i.e. 2020-2030. As per the report, rising demand for vinyl acetate polymers by the end-users is likely to drive the market for emulsion polymer in the coming years.
Additionally, improving the application of adhesives in automotive coating sector is estimated to substantially be a factor to market growth in the coming years.
Rising environmental awareness are compelling governing organizations including Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) to set stringent guidelines to raise bio-based product usage and decrease harmful effects on the surroundings.
These governing organizations have set norms under the Clean Air Act to handle poisonous chemical emanations including methyl chloride, styrene, acrylonitrile, and toluene. Such leads are influencing water-based emulsion polymer use over synthetic products.
The market report on global emulsion polymer market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD 32.970 million.
• Based on product type, the acrylics emulsion polymer segment emerged out as a key segment in the emulsion polymer market across the globe.
• On the basis of application, the paints & coatings segment came out to be the leading segment of the market.
• Region-wise, the market in Asia Pacific is witnessed to be the key market segment in the growth of the market.
• Key players are likely to focus on product innovations and expansion through union to retain their positions in developed markets.
Emulsion Polymers are acquired by polymerization and emulsion of surfactants, monomers (styrene and butadiene) and water. They are monomer dispersed in water and are also called waterborne solvent owing to the water content. Because of its low Volatile Organic Compound (VOC) and Vinyl Acetate content, emulsion polymers act as an alternative for solvent borne polymers.
Emulsion polymers have improved renewability and durability than solvent borne polymers. They have high molecular weight which leads to quick polymerization and are broadly used in several sectors. These polymers are widely used in numerous sectors amongst which paints & coatings is the largest segments.
The global emulsion polymer market is segmented by product type into acrylics emulsion polymer (pure acrylics, acrylics polymer & copolymer), polyurethane dispersion, styrene butadiene latex, vinyl acetate polymers and others. Among these, the acrylic emulsion polymer segment emerged as the key segment, holding a market share of xx% in 2019.
The market is segmented by application into paints & coatings, adhesives & sealants, carpet backing and paper & paperboard adhesives. Among these, the paints & coatings segment came out to be the key segment of the market, capturing xx% of the total market share in 2019.
Region-wise, the worldwide emulsion polymer market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in Asia Pacific is witnessed to be the key segment, acquiring xx% of the total market share in 2019.
Key Players in the Market
Some of the key players in global emulsion polymer market are Wacker Chemie, Synthomer, Styron, Omnova Solution, DIC Corporation, Dow Du Pont, BASF, Arkema Group, Celanese Corporation and Asahi Kasei.
Get Valuable Insights into Emulsion Polymer Market
In the new report, we thrives to present an unbiased analysis the global emulsion polymer market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market.
The global emulsion polymer market is segmented by product type into acrylics emulsion polymer, polyurethane dispersion, styrene butadiene latex, vinyl acetate polymers and others.
The market is divided by application into paints & coatings, adhesives & sealants, carpet backing and paper & paperboard adhesives. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.