The global polymer emulsion market accounted for a value of USD 28.1 billion in 2019. Polymer emulsion market projected to register growth at a CAGR of 6.8% during forecast period.
COVID-19 has impacted polymer emulsion market. The government across the world has imposed lockdown and travel restriction which has affected supply chain of raw materials and finished products significantly. The activities of industries has been halted and the demand by the end-user re difficult to meet on time. The availability of taskforce has been reduced even after lifting lockdown and resuming work in industries. The incomes has been affected all the people across world due to which construction work has witness a significant decline. The growth in this industry will resume in the beginning of 2021.
For more details, visit: Global Polymer Emulsion Market By Type (SB Latex, Vinyl Acetate Polymer, Acrylic Polymer Emulsion, others), By Application (Building and Construction, Electrical and Electronics, Others), By Region–Forecast & Opportunities to 2026
The government across various countries around the world has regulated certain stringent norms for reducing VOC emission. The polymer emulsion met all the norms set up by government. It helps n reducing VOC emission. This is likely to drive growth in polymer emulsion market during forecast period.
On the basis of type, the polymer emulsion market is segmented into SB latex, vinyl acetate polymer, acrylic polymer emulsion and others. The acrylic polymer emulsion segment is estimated to hold largest market share during forecast period. Acrylic is widely used in various domains. It has beneficial properties such as higher durability, versatility and lower emission. They prepare polymers with different properties such as hydrophilic, hydrophobic, nonionic, flexible, ionic and rigid. They have breakage resistance and better adhesion to non porous surface. All this factors are likely to drive growth in acrylic segment during forecast period.
On the basis of application, the polymer emulsion market is segmented into paints & coatings, paper & paperboard, adhesive & sealants and others. The paints & coatings segment is estimated to register growth at highest CAGR during forecast period. The demand for paint & coating is increasing rapidly across various verticals such as automotive, building and construction. Polymer is used in paints & coatings due to lower involvement of carbon. The regulations set up by governments of various countries across the world to reduce air pollution can be met by polymer emulsion. This drives growth in this segment during forecast period.
On the basis of end-use, the polymer emulsion market is segmented into automotive, chemicals, building & construction, textile & coatings and others. The building & construction segment is estimated to hold largest market share during forecast period. The demand of polymer emulsion is this segment is rising significantly across this vertical worldwide. Polymer emulsion can be used in deck & trim paints, elastomeric wall coatings and architectural paints. This type of paints has high water resistance and durability. All this factors are likely to drive growth in polymer emulsion market during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The demand for polymer emulsion is increasing rapidly in Asia-Pacific region. The transportation sector and building & construction sector is experiencing traction rapidly which leads to growth in polymer emulsion. The skilled labors are available at lower wages in this region and certain government policies related to VOC emission also support manufacturing of polymer emulsion in this region. This drives growth in polymer emulsion segment in Asia-Pacific region during forecast period.
The Key players in polymer emulsion market are BASF SE, The Dow Chemical Company, Celanese Corporation, Arkema Group, DIC Corporation, Wacker Chemie AG, Synthomer Plc, Trinseo, The Lubrizol Corporation, Asahi Kasei Corporation, DSM, Allnex, Mallard Creek Polymers, Dairen Chemical Corporation, Hall Tech Inc and Momentive Performance Materials Inc.
- What are the expected industry trends over the next three to five years?
- Which of the polymer emulsion type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?