iCrowdNewswire Jan 9, 2021 3:00 AM ET
Emulsion Polymers are acquired by polymerization and emulsion of surfactants, monomers (styrene and butadiene), and water. Emulsion polymers are monomer dispersed in water and are also called waterborne solvent owing to the water content. For the reason of that 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. Emulsion polymers have a high molecular weight which leads to quick polymerization and is broadly used in several sectors. These polymers are widely used in numerous sectors amongst which paints & coatings are the largest segments.
Global emulsion polymer market is expected to exceed USD 52,612 million by 2030 from USD 32,970 million in 2019 at a CAGR of 7.21% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising demand for vinyl acetate polymers by the end-users.
Additionally, improving the application of adhesives in the automotive coating sector is estimated to substantially be a factor in the market growth in the coming years. Rising environmental awareness is compelling governing organizations including the 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.
Global Emulsion Polymer Market: Segments
The Acrylics Emulsion Polymer segment to grow with the fastest CAGR of xx% during 2020-2030
Global emulsion polymer market Size 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 is estimated to hold the largest market share of xx% in 2019. Acrylics are one of the utmost frequently used emulsion polymers, due to their high longevity and absence of VOC content. In addition, acrylics are used to create polymers with firm, elastic, ionic, nonionic, hydrophobic, or hydrophilic characteristics. They are transparent, have the endurance to breakage, offer the best finish luster, enhanced grip to non-porous surfaces, and better flow and stability.
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The Paints & Coatings segment to boost at fastest CAGR of xx% during 2020-2030
The global emulsion polymer market is segmented by Application into Paints & Coatings, Adhesives & Sealants, Carpet Backing, and Paper & Paperboard Adhesives. Among these, the paints & coatings segment is witnessed to hold the largest market share of xx% in the year 2019. Emulsion polymer is favored for paints & coatings applications due to its low VOC content. Furthermore, emulsion polymer paints & coatings are not combustible, which decreases their loading & managing duties and fire insurance costs. The manufacturing process of emulsion polymer paints & coatings involves a lower carbon footprint as they utilize less energy. Other reasons adding to the use of emulsion polymer paints & coatings are the low cost of managing and post painting clean-up cost.
Global Emulsion Polymer Market: Market Dynamics
Rising Demand for Vinyl Acetate Polymers by the End-users
Vinyl acetate-based emulsion polymer items have a key effect on the sectors such as adhesives, paints, and coatings. From the economical and safety point of view, the emulsion polymer-based paintings and coatings are blaze resilient and are projected to push the worldwide emulsion polymer market over the forecast time frame.
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Protocols and Norms set by the Government
The governing norms and protocols of the government for the safety of the environment is an additional boosting energy that will propel the global emulsion polymer market in the coming years. Low spending need for putting up production factories is one of the key constraints pushing the worldwide emulsion polymer market.
Severe environmental regulations
Severe environmental protocols to manage harmful chemical emanations together with rising inclination towards greener products are estimated to bound synthetic-based requirement and enhance bio-based and water-based products.
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Unstable Prices of Raw Materials
Unstable prices of primary raw materials are anticipated to stay as a major challenge for market participants in the coming years. Development of the major end-use industries, including paints and coatings and adhesives, is projected to push the market. In addition, instability in the prices of main raw materials is predicted to hamper the growth of the market.
Global Emulsion Polymer Market: Regions
Asia Pacific to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for emulsion polymer across the globe is segmented into North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Among these, Asia Pacific is witnessed to constitute xx% of the total market share in the year 2019. The affordability of cost-efficient raw materials, land, equipment, and skilled labor are some of the aspects adding to the development of the emulsion industry in the Asia Pacific. The primary reason behind this significant growth is swiftly spreading Chinese and Indian markets. Water-borne yields are substituting solvent-based coatings and adhesives owing to their eco-friendly nature. The market is, hence, estimated to grow substantially in the coming years. The Asia Pacific is projected to keep on being the biggest consumer owing to the raised investments in construction activities, rising middle-class population, enhancing lifestyle, and growing investment power.
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Top Key Players:
- Omnova Solution
- DIC Corporation
- Dow Du Pont
- Arkema Group
- Celanese Corporation
- Asahi Kasei
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Keywords: Emulsion Polymer Market, Emulsion Polymer Industry, Emulsion Polymer Market Size, Emulsion Polymer Market Share, Emulsion Polymer Market 2020, Emulsion Polymer Market 2030