Polymer Emulsion Market Size, Share & Analysis by Product Type (Acrylic Polymer Emulsion, Vinyl Acetate Polymer Emulsion, Vinyl Acetate Polymer Emulsion, SB Latex & Others), by Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard and Others), by End Use Industry (Building & Construction, Automotive, Textile & Coatings, Chemicals & Others) and by Region – Global Opportunities & Forecast, 2020-2027
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Market Dynamic
Key Drivers and Emerging Trends
The rise in urbanization across the globe has led to an increase in number of industrial activities. The high adoption rate in pharmaceutical industries to produce novel and current drug delivery systems further drives the growth of the polymer emulsion market. The shift towards attractive economic growth has helped in the progression of ASEAN countries that have more potential as compared to all other regions. As the emulsion industry is linked with the chemical industry, several oil and gas manufacturers across the globe are helping to transform their sights on the global chemical industry, which is pushing global polymer emulsion market towards healthy growth.
At the same time, rise in use of adhesives for coating in automotive industry has propelled the growth of the market due to the increasing number of vehicles per year, which is further contributing to the growth of the market. The shift in trend towards environment friendly and less VOC emissions paints and coatings has uplifted the market demand and has led to the adoption of polymerization. Furthermore, the strong demand of emulsion polymer in various industries like transportation, textile, and other consumer durables is further energizing the market growth.
With the rising environmental concerns, regulatory agencies including Authorisation and Restriction of Chemicals (REACH), Environmental Protection Agency (EPA) and Registration, Evaluation have enforced strict norms in order to minimize the toxic impact on environment and increase the use of bio-based products, driving the market growth. The growing emphasis towards green construction has bolstered the market growth. Polymer emulsion offer various advantages including cost efficiency, zero VOC, enlarged shelf life, and high sustainability in different coating applications, driving the polymer emulsion market size.
Restraint in the Polymer Emulsion Market
However, volatility in the availability of the raw material and high price tags, such as the increase in crude oil prices due to the affected supply-demand chain after the pandemic has largely impacted the overall production of the material. These are the key restraining factors that are expected to hamper the growth of the market in the long run.
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Product Type – Segment Analysis
Based on the product type, the polymer emulsion market is segmented into vinyl acetate, styrene-butadiene latex, acrylics, and others. Among these, the vinyl acetate segment is expected to grow at a higher CAGR as it is applicable in various industries like automotive, construction, building etc. For example, in automotive industry, it offers outstanding adhesion, which is needed in the interior pasting and setup. In addition to this, the increasing application of this product type on paper and wood manufacturing fabric, is further anticipated to boost the growth of the market.
Application – Segment Analysis
Based on the Application, the polymer emulsion market is segmented into paints & coatings, inks, adhesives, films, and others. Paints and coatings segment is expected to dominate the market. The rapid urbanization and growing income level has specifically increased the construction and development activities across the developing nations. As per the report published by CIBO, the volume of construction output will reach to USD 15.5 trillion by 2030, with China, U.S. and China accounting for more than 57% of the total figure. This factor is further rising the demand for emulsion polymer in paints and coatings has increased. As per the polymer emulsion market global forecast, the growing emphasis of consumers towards quality and appearance have stimulated the demand for better quality paints and technology-enabled coatings which will strengthen the market growth over the upcoming years.
End Use Industry – Segment Analysis
Based on the end-use industry, the polymer emulsion market is segmented into building & construction, automotive, textile & coatings, chemicals & others. Among all, the building and construction is expected to grow at a higher CAGR during the forecast period. This is due to the high demand of polymer emulsion in elastomeric wall coatings, architectural paints, among others.
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Regional – Segment Analysis:
Based on the Region, the Asia Pacific region is expected to dominate the global polymer emulsion market in 2019 due to the rising adoption of polymer emulsion across the paints and coatings. The endorsement programs for the expansion of facilities by the government across the regions has increased the demand and consumption of polymer emulsion. For example, China’s Massive Road and Belt Initiative, one of the biggest infrastructure programs for railways, pipelines, and ports has boosted the demand of the market in the country. Expansion across Indian and Chinese market is the main reason driving the regional growth. In addition, the cheap raw material, land, equipment, and skilled labor available in the Asia Pacific Region are forecast to fuel the market growth over the forthcoming years.
Top Market Players
Various notable players operating in the market, include Synthomer plc, Wacker Chemie AG, DIC CORPORATION, BASF SE, Trinseo, Celanese Corporation, The Lubrizol Corporation, Arkema, Akzo Nobel N.V., and Engineered Polymer Solutions, among others.
Key Developments:
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- In 2021, Celanese declared the schedule of plant expansions, new builds and debottlenecking projects across Europe and Asia to expand its vinyl acetate monomer (VAM) and emulsion polymers output.
- In 2020, Synthomer plc officially announced the acquisition of OMNOVA Solutions. This acquisition will help Synthomer to offer more product to the customer across the globe that will enhance the growth of the company in the upcoming period by generating more revenue.
- In 2020, Celanese Corporation announced the expansion of emulsion polymers across the globe. The company has strategically planned for expanding its production in China, Geleen, Nanjing, etc and has planned to 1,11,500 metric tons by 2023.
Segments covered in the Report:
The global Polymer Emulsion market has been segmented based on product type, application, end use industry and regions. Based on product type, the market is segmented into acrylic polymer emulsion, vinyl acetate polymer emulsion, SB latex & others. Based on application, the market is segmented into paints and coatings, inks, adhesives, films and others. Based on end use Industry market is segmented into building & construction, automotive, textile & coatings, chemicals, and others.
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Key questions answered in this research report:
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- At what pace is global polymer emulsion market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in polymer emulsion market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global polymer emulsion market?
- Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
- What are the various application areas of global polymer emulsion market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Product type, By Application, By End Use Industry, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Synthomer plc, Wacker Chemie AG, DIC CORPORATION, BASF SE, Trinseo, Celanaese Corporation, The Lubrizol Corporation, Arkema, Akzo Nobel N.V., Engineered Polymer Solutions; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Polymer Emulsion Market by Product type
-
- Acrylic Polymer Emulsion
- Vinyl Acetate Polymer Emulsion
- SB Latex
- Others
Global Polymer Emulsion Market by Application
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- Paints & Coatings
- Adhesives & Sealants
- Paper & Paperboard
- Others
Global Polymer Emulsion Market by End Use Industry
-
- Building & Construction
- Automotive
- Textile and Coatings
- Chemicals
- Others
Global Polymer Emulsion Market by Region
-
- North America Polymer Emulsion Market (Option 1: As a part of the free 25% customization)
- By Product type
- By Application
- By End Use Industry
- US Market All-Up
- Canada Market All-Up
- Europe Polymer Emulsion Market (Option 2: As a part of the free 25% customization)
- By Product type
- By Application
- By End Use Industry
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Polymer Emulsion Market (Option 3: As a part of the free 25% customization)
- By Product type
- By Application
- By End Use Industry
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Polymer Emulsion Market (Option 4: As a part of the free 25% customization)
- By Product type
- By Application
- By End Use Industry
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Polymer Emulsion Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Polymer Emulsion (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Synthomer plc
- Wacker Chemie AG
- DIC CORPORATION
- BASF SE
- Trinseo
- Celanese Corporation
- The Lubrizol Corporation
- Arkema
- Akzo Nobel N.V.
- Engineered Polymer Solutions
- Published Date: Mar - 2021
- Report Format: Excel/PPT
- Report Code: UP1251A-00-0620
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Report is shared with unlimited user (employees) of the purchasing corporation only
Polymer Emulsion Market Size, Share & Analysis by Product Type (Acrylic Polymer Emulsion, Vinyl Acetate Polymer Emulsion, Vinyl Acetate Polymer Emulsion, SB Latex & Others), by Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard and Others), by End Use Industry (Building & Construction, Automotive, Textile & Coatings, Chemicals & Others) and by Region – Global Opportunities & Forecast, 2020-2027
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