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The Global Emulsion Polymers Market size is estimated to grow by USD 12.03 billion between 2022 and 2027 exhibiting a CAGR of 6.64%. Emulsion polymer refers to a type of polymer that is dispersed in water to form a stable emulsion. It is produced through emulsion polymerization, where monomers are polymerized in the presence of emulsifiers, stabilizers, and other additives. Emulsion polymers have unique properties that make them suitable for a wide range of applications. They offer advantages such as excellent film-forming properties, high adhesion, good mechanical strength, and flexibility. These polymers can be tailored to exhibit specific characteristics based on the desired application, such as chemical resistance, UV resistance, and temperature stability.
The growth of the market depends on several factors, including increased demand for emulsion polymers in paints and coating applications, increased demand for acrylic emulsion polymers, and growth of the construction industry in APAC.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased demand for emulsion polymers in paints and coating applications is the key factor driving the growth of the emulsion polymers market. In 2022, The paints and coatings segment dominated the global emulsion polymer market. The sudden rise in the automobile and construction sector is one of the major factors for the increased paints and coatings applications, which creates a direct growth opportunity for the global emulsion polymer market.
Emulsion polymers used in the production of paints provide improved quality, heat sensitivity, and self-repairing ability. Emulsion polymers are also used on a larger scale in paints and coating products as they are environmentally safe and resistant to stains and chemicals. The emulsion polymers used in paints and coatings have fewer VOC components. However, rising consumer awareness of a safe product can increase the consumption of emulsion polymers even further. The growing consumer craze for customized interior paints and designs can also act as a major driving factor for the growth of the global emulsion polymers in the paints and coatings applications during the forecast period.
Rising investment in infrastructure development is the primary trend shaping the emulsion polymers market growth. The global construction industry is growing at a fast pace, with a major contribution from emerging countries. For instance, governments are investing in residential homes as a large number of people are migrating to metropolitan cities in search of jobs, a better standard of living, and other amenities.
The increasing population and urbanization and the need to improve the standard of living are the major factors for the growth of the construction industry. Hence, emulsion polymers are used in a variety of infrastructure applications, such as paints and coatings, adhesives, and sealants. The rising demand for these applications is driving the growth of the emulsion polymer market. Therefore, increasing demand for infrastructure projects is expected to drive the growth of the global emulsion polymer market during the forecast period.
Increasing raw materials cost is a major challenge to the growth of the emulsion polymers market. The rapid change in the price of raw materials like naphtha and ethane hinders the growth of emulsion polymers globally. The another major factor causing the supply constraints is the high dependency of these raw materials on crude oil reserves. The fluctuating raw material price is majorly due to the unavailability of the raw materials required to manufacture emulsion polymers.
However, raw material scarcity and its fluctuating prices can create a demand-supply imbalance. The demand for emulsion polymers has been volatile owing to the uncertainty in economic activities in the raw materials industry. The economic scenario plays a crutial role in the performance of the market. The significant factors which affect the prices of raw materials are national emergencies, government controls, and supply shortages. Due to import and export tariffs, the pricing strategy for raw materials varies from one region to another. The volatility in the pricing of petrochemical derivatives has been a challenge for emulsion polymer manufacturers. Such factors are expected to pose a challenge to the global emulsion polymer market during the forecast period.
This report extensively covers market segmentation by Application (paints and coatings, paper and paperboard coatings, adhesives, and others), Material (acrylic, styrene-butadiene latex, and vinyl acetate polymers), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market share growth by the paints and coatings segment will be significant during the forecast period. In 2022, the paints and coatings segment dominated the global emulsion polymer market. The growth of the construction and automotive industries, majorly in APAC, is one of the most significant factors for the growth of the paints and coatings application segment.
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The paints and coatings segment was valued at USD 11.45 billion in 2017 and continued to grow until 2021. The emulsion polymers used in paints and coating applications show improved water repellence, which gives additional protection to the exterior walls of the buildings. Emulsion polymer coatings are used in high-performance applications as it is resistant to abrasion and corrosion and has high flexibility and durability. These coatings are primarily used in wood finishes, automotive refinishing, and anticorrosion coatings (high-performance). This extensive use of emulsion polymers in the paints and coatings industry is expected to boost the growth of the paints and coatings segment of the global emulsion polymer during the forecast period.
Based on materials, the market is segmented into acrylic, styrene-butadiene latex, and vinyl acetate polymers.
APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2022, APAC accounted for the largest market share in the global emulsion polymer market. For instance, China is the largest producer as well as consumer of emulsion polymers, which is the major reason for the growth of the emulsion polymers market in APAC. Another growth driver for the regional emulsion polymer market is the stringent government policies to reduce products with high petrochemical or VOC content. Factors such as ease of manufacturability, low labor cost, availability of skilled labor, and government support, in India, Japan, and South Korea create vast growth opportunities for the global emulsion polymer market along with China. However, the rising consumer awareness of the benefits of products with less VOC content is a major reason for their use in hygiene products. These factors are expected to fuel the growth of the regional emulsion polymer market during the forecast period.
In 2020, the COVID-19 pandemic affected the growth of several industries in the region, including the construction industry, as several construction projects were put on hold owing to the lockdown measures implemented by governments to ensure public safety. However, in 2021, with more stringent measures to control the spread of the pandemic, such as vaccination drives conducted by the government and ease of lockdowns, coupled with the reopening of economies. Such factors are expected to drive the growth of the regional emulsion polymer market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Emulsion Polymers Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers emulsion polymers such as Scotch-Weld, a versatile adhesive polymer used in industries such as automotive, construction, and packaging.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Akzo Nobel NV, Alberdingk Boley GmbH, Apcotex Industries Ltd., Arkema Group, Asian Paints Ltd., BASF SE, Celanese Corp., Chang Chun Group, Clariant International Ltd., DIC Corp., Dow Chemical Co., Eastman Chemical Co., H.B. Fuller Co., PTT Global Chemical Public Co. Ltd., Scott Bader Co. Ltd., Sumitomo Chemical Co. Ltd., Trinseo PLC, Wacker Chemie AG, and Zeon Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The emulsion polymers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Emulsion Polymers Market Scope |
|
Report Coverage |
Details |
Page number |
184 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.64% |
Market growth 2023-2027 |
USD 12.03 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.43 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 54% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Akzo Nobel NV, Alberdingk Boley GmbH, Apcotex Industries Ltd., Arkema Group, Asian Paints Ltd., BASF SE, Celanese Corp., Chang Chun Group, Clariant International Ltd., DIC Corp., Dow Chemical Co., Eastman Chemical Co., H.B. Fuller Co., PTT Global Chemical Public Co. Ltd., Scott Bader Co. Ltd., Sumitomo Chemical Co. Ltd., Trinseo PLC, Wacker Chemie AG, and Zeon Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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