Emulsion Polymer is obtained by polymerization of surfactants, monomers and water. These are monomer dissolved in water. Therefore, they are known as water borne polymer. The most common type of emulsion polymer is oil in water emulsion. Growing demand of low volatile organic compound (VOC) in water based polymer is replacing solvent borne polymer. Government regulations regarding low emission of VOC and usage of bio-based emulsion polymer has opened opportunities in developed regions. As these products are extracted from crude oil and natural gas, volatile in crude oil prices has impacted the further growth demand of emulsion polymer. However, the market is valued at CAGR of ~7.2% from 2016-2022.
Global Emulsion Polymers market witnesses a strong growth over 12.8 million tons in 2015 due to demand of paints & coatings from the building & construction industry owing to growing population. Suppliers in these segments are looking out for technological innovations such as water based emulsion so that eco-friendly products can be generated and there is less replacement cost for manufacturers. Government is spending on infrastructure along with changes in FDI policy is boosting the demand for emulsion polymer in end user industries. Rise in demand for construction in Asia-Pacific has impacted the demand for paints & coatings, which augmented the emulsion polymer market. Growing use of removable and permanent adhesives in consumer goods industry such as household furnishings, packaging and footwear has also increase the demand for emulsion polymer, which is key ingredient of adhesive. Other applications Styrene- butadiene latex anticipated steady growth owing to low demand from coated paper and tufted carpeting.
Innovation coupled new product development such as water based acrylic emulsion polymers has benefited players in different regions.
The Key players of global Emulsion Polymers market are
- Celanese Corporation (U.S),
- BASF SE (Germany),
- The Dow Chemical Company (U.S),
- Arkema Co. (France),
- Koninklijke DSM N.V. (Netherlands),
- DIC Corporation (Japan),
- Trinsea Co. (U.S),
- Wacker Chemie AG (Germany),
- Omnova Solutions Inc. (U.S),
- Nuplex Industries Ltd (Australia)
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The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of these, APAC accounts for the largest share owing to technological advancement in manufacturing industries particularly in country like China and Japan. China is the leading producer in the emulsion polymers market due to its growing population, development in infrastructure and increase in consumer spending. Paints & coatings market is growing rapidly in China due to increase in government expenditure in infrastructure and the blooming automotive industry. North America and Europe are expanding their business in the emulsion polymers market. Europe showed a steady flow due to restrains from government in using chemicals on a large scale. Countries like Indonesia, Thailand and Brazil are the growing market for emulsion polymers due to favorable government regulations and tax subsidies here.
The global emulsion polymers market is majorly segmented on the basis of types and application. Based on types of emulsion polymers the market is segmented into vinyl acetate polymers, styrene- butadiene latex, acrylics, polyurethane dispersions, others. Similarly, on the basis of application the market is classified into adhesives & sealants, paper & paperboard, paints & coatings, others.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
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