Polymer Emulsions Market - Forecast(2024 - 2030)

Polymer Emulsions Market Overview

Polymer Emulsions market size is forecast to reach $65.48 billion by 2030, after growing at a CAGR of 6.1% during 2024-2030. Rise in the use of Polymer Emulsions in paints, coatings, and adhesives is estimated to drive the global market growth. Growing construction projects, primarily in the developing economies of Asia Pacific region has also fueled the need for high-quality paints and coatings which has in turn enhanced industry volumes. Additionally, the use of adhesives in the automotive industry is projected to significantly contribute to market growth during the forecast period, 2024-2030. 

The blending of two liquids with differing densities is called emulsion, typically exemplified by oil and water. In the realm of emulsion polymerization, a monomer undergoes emulsification in the presence of water and a surfactant, often sodium stearate, culminating in a Polymer Emulsions. Monomers frequently utilized in the process of polymerization includes styrene, acrylonitrile, butadiene, acrylate ester, and methacrylate ester. These Polymer Emulsions, serving as specialty polymers, contribute to the production of various specialty chemicals such as offset inks, adhesives, paper products, paints, coatings, textiles, and construction materials.

The technique of Polymer Emulsions synthesis yields polymers characterized by high molecular weight and minimal volatile organic constituents. Particularly noteworthy are products derived from polyvinyl acetate-based Polymer Emulsions, exerting significant influence in adhesive, paint, and coatings industries.

Market Snapshot:

COVID-19 Impact

As a result of the COVID-19 outbreak, almost every country had tightened travel restrictions. The increasing number of infected patients and total lockdown in major industrial hubs had halted the manufacturing industry. Workers had either returned to their hometowns or been quarantined to prevent the spread of the coronavirus. Due to potential upstream supply chain issues, construction, automotive, chemical, textile, and coatings companies had been forced to close locations.

Chemical manufacturers had either ceased production or are operating at a low utilization rate. However, with the lifting of the lockdown, government bodies around the world are gradually encouraging construction, automotive, chemical, and textile & coatings companies to resume work, and companies are working towards market recovery with the expected increase in sales gradually in coming years.

Report Coverage

The report: “Polymer Emulsions Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polymer Emulsions Industry.
By Application: Paints & Coatings, Adhesives & Sealants, Printing Inks and Others.
By Type: Acrylic Polymer Emulsions, Vinyl Acetate Polymer Emulsions, Styrene-Butadiene Latex and Others.
By End Use Industry: Automotive, Building & Construction, Pulp & Paper Industry, Textile Industry, Industrial and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

• Paints & coatings industry stands to be the largest consumer of Polymer Emulsions. Paints & coatings are extensively used in industries, such as construction, automotive, and packaging.
• The global construction paints & coatings market has witnessed significant growth in 2023 primarily due to the increased demand of protective and durable paints.
• Rising awareness among end-use industries regarding the environmental impact of solvent-based products coupled with favorable regulatory trends is estimated to fuel the market demand.
• Asia-Pacific has been witnessing huge residential and commercial construction projects due to growing housing needs, and noticeable growth opportunities prevailing in the region.

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Polymer Emulsions Market Segment Analysis - By Application

In 2023, paints & coatings held the largest market share. Rising customer focus on quality and appearance has led to the increase in the demand for enhanced quality paints and technology driven coatings. Additionally, the industry has witnessed rise in the demand for odor-free products that contain low Volatile Organic Compounds (VOCs) owing to change in customer preferences. 

Polymer Emulsions Market Segment Analysis - By Type

The acrylics segment accounted for the largest share of the overall Polymer Emulsions market, in terms of value, in 2023. Acrylic Polymer Emulsions is produced by an emulsion polymerization process in which the acrylic polymer droplets are emulsified in water and then polymerized. The demand for the acrylics Polymer Emulsions is driven by the large usage in applications such as paints & coatings, adhesives & sealants in construction, industrial, and automotive & transportation industries. Acrylic Polymer Emulsions is highly versatile and possesses superior properties such as low volatile emission compound (VOCs) emission rate and excellent durability making it suitable for numerous applications in end use industries such as building & construction, paints & coatings, textiles, and others. Additionally, rising consumer awareness regarding harmful effects of solvent-based emulsion, is driving growth for acrylic Polymer Emulsions. 

Polymer Emulsions Market Segment Analysis - By Geography

Asia Pacific dominated the Polymer Emulsions market with a share of more than 37%, followed by Europe and North America. Escalating demand of the product in building & construction, paints and coatings, and automotive sectors in developing nations of Asia Pacific is estimated to fuel the market growth. In addition, the availability of cheap raw material, land, equipment, and skilled labor are some of the factors contributing to the growth of emulsion industry in Asia Pacific. Furthermore, Asia Pacific is estimated to continue to be the biggest consumer during the forecast period, 2024-2030, owing to the increased spending on construction facilities, rising population, elevated standard of living, and higher purchasing power.

Polymer Emulsions Market Drivers

Robust growth in the global architectural paints and coatings market:

The global architectural paints & coatings market has witnessed significant growth in 2023 primarily due to the increased demand of protective and durable paints. Rapid urbanization and rising consumer disposable income is further estimated to fuel the market growth over the forecast period, 2024-2030. This trend is projected to lead to increase in the demand for emulsion products. Surging high-quality color paints demand coupled with increasing residential infrastructure development particularly in emerging economies is estimated to positively affect the industry expansion over the forecast period, 2024-2030. 

Shift towards adoption of environment-friendly products:

Rising awareness among end-use industries regarding the environmental impact of solvent-based products coupled with favorable regulatory trends is estimated to fuel the market demand during the forecast period, 2024-2030. The shift in trend towards the adoption of environment-friendly paints & coatings is estimated to support the development of low VOC content or VOC-free paints & coatings. This trend has fueled the production of emulsion polymerization in the global market. Using this technique industry operators are able to produce high molecular weight polymers with little viscosity. Additionally, growing consumer awareness regarding green building is anticipated to drive global demand over the forecast period, 2024-2030. 

Polymer Emulsions Market Challenges

Volatile Raw Material Cost:

Some of the raw materials that are used by industry operators are derived from petrochemical-based feedstocks, such as crude oil and natural gas, which are subject to rapid and significant movements in price. These fluctuations in price could be intensified by macro-economic factors in the world along with supply and demand factors, including OPEC production quotas and increased global demand for petroleum-based products. Any significant variations in the cost and availability of raw materials might negatively impact industry operations. 

Polymer Emulsions Industry Outlook

Technology launches, acquisitions and collaboration are key strategies adopted by players in the Polymer Emulsions market. The key companies in the Polymer Emulsions Market are:

1. DuPont de Nemours, Inc.
2. DIC Corporation
3. Wacker Chemie AG
4. 3M
5. Trinseo
6. Berkshire Hathaway (The Lubrizol Corporation)
7. Synthomer Plc. (Omnova Solutions Inc.)
8. BASF SE
9. Celanese Corporation
10. Arkema Group

Recent Developments

• In February 2022, BASF Industries, a prominent market player, has pioneered a distinctive polymer architecture featuring innovative cross-linking capabilities, incorporated into an ultra-low-VOC coating formula.
• In June 2023, Avient Corporation and BASF collaborated to introduce Color grades of Ultrason® high-performance polymers. The collaboration provided customers in the consumer and food service, electrical and electronics (E&E) and healthcare industries with particular benefits by providing end-to-end technical support from the base polymer to the final painted productdo

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