The Global Emulsion Polymer Market is driven mainly by increasing usage of Emulsion Polymers in paints and coatings and adhesives. The innovation in emulsion polymer such as water and bio based polymer emulsions are anticipated to provide opportunities in developed regions. The increase in awareness about using high quality acrylic based emulsion polymer in paints owing to rise in construction activities has also shifted manufacturer to increase the usage of emulsion polymer in paints. Increase in awareness among consumer about green building is also anticipated to boost the market growth.
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) and others.
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Market Synopsis of Global Emulsion Polymers Market
Global Emulsion Polymers Market is pacing high demand due to robust industry growth of paints & coatings, adhesives and paper & paperboard. Emulsion polymers are obtained through polymerization of surfactants, monomer and water. Thus, emulsion polymers are known as water borne solvents as the monomer is dissolved in water. Due to low volatile organic compound (VOC) it acts as a substitute for solvent borne polymers. With high molecular weight and better recyclability, it is widely used in various end user industries. Increase in demand for paints & coatings in building & construction and automotive sector in developing regions has boosted the demand for Emulsion Polymers on large scale for improving the paints quality. In addition, growing environmental concern regarding solvent borne polymers has replaced with eco-friendly water borne polymers which are manufactured using emulsion polymers. As the product is derived from crude oil and natural gas, volatile prices of crude oil prices have negatively impact the demand for Emulsion Polymers Market growth.
Market Dynamics: By Type
On basis of Product Types, Emulsion Polymers are segmented into vinyl acetate polymers, styrene- butadiene latex, acrylics, polyurethane dispersions, others. Acrylic based Emulsion Polymers are largest revenue generating product segment for total of 39% of market volume in 2015 owing to various properties it possesses such as quick drying ability and water resistant. The ability of acrylic to quickly dry the paints and provide good strength, quality and adhesion has been the factors to drive the consumption of acrylic in paints & coatings industry. Thus, augmenting Emulsion Polymers Market growth. Vinyl acetate polymers are also gaining significant growth owing to increase in output of water based adhesive, paper and wood manufacturing.
Market Dynamics: By Application
Based on Application, Emulsion Polymers are used in various industries such as paint & coatings, paper & paperboards, adhesive & sealants. Paint & coatings application sector dominates the Emulsion Polymers Market with more than 30% market share due to increase demand from construction and automotive industry to use improved quality of paints and coatings. Improving GDPs of developing nations along with changing lifestyle of consumers has shifted the demand for use of emulsion polymers in paints for construction activities. Manufacturer of paints are looking out for improved quality, strength and heat sensitivity paints which has pushed the market to undertake new technology thereby increasing usage of emulsion polymers. Growing demand of adhesives in automotive and aerospace industry is also driving the demand for emulsion polymers.
Market Dynamics: Regional Analysis:
Asia-Pacific Emulsion Polymers Market dominates the market segment owing to growing construction activities coupled with developing paints & coating industry. China and India being a developing region has flourish the demand for paints & coatings along with increase in demand for adhesives will drive the Emulsion Polymers Market demand for acrylics as well. Europe and North America will show a steady growth in Emulsion Polymers Market. Due to economic downturn in U.S market post-recession has hampered the market growth of Emulsion Polymers in paints & coatings especially in construction and automotive industry. Middle East & Africa is anticipated to witness significant growth owing to expanding energy resources leading to increasing R&D of emulsion polymer. Stringent regulations of government regarding chemical emission in environment has slow down the demand for emulsion polymers in Europe region. Increasing environmental concern to use bio based emulsion polymers will open an opportunity for small players in developing regions.
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