Pune, India -- (SBWIRE) -- 11/10/2017 -- Market Highlights:
Emulsion Polymer is obtained by polymerization of surfactants, monomers and water. These are monomer dissolved in water. Therefore, they are known as water borne polymer. The most common type of emulsion polymer is oil in water emulsion. Growing demand of low volatile organic compound (VOC) in water based polymer is replacing solvent borne polymer. Government regulations regarding low emission of VOC and usage of bio-based emulsion polymer has opened opportunities in developed regions. As these products are extracted from crude oil and natural gas, volatile in crude oil prices has impacted the further growth demand of emulsion polymer. However, the market is valued at CAGR of ~7.2% from 2016-2022. The Market size is expected to increase by USD ~49.3 Billion by the end of 2022.
Global Emulsion Polymers Market witnesses a strong growth over 12.8 million tons in 2015 due to demand of paints & coatings from the building & construction industry owing to growing population. Suppliers in these segments are looking out for technological innovations such as water based emulsion so that eco-friendly products can be generated and there is less replacement cost for manufacturers. Government is spending on infrastructure along with changes in FDI policy is boosting the demand for emulsion polymer in end user industries. Rise in demand for construction in Asia-Pacific has impacted the demand for paints & coatings, which augmented the emulsion polymer market. Growing use of removable and permanent adhesives in consumer goods industry such as household furnishings, packaging and footwear has also increase the demand for emulsion polymer, which is key ingredient of adhesive. Other applications Styrene- butadiene latex anticipated steady growth owing to low demand from coated paper and tufted carpeting.
Acrylic segment has steering growth in emulsion polymer market owing to various abilities such as excellent water resistant, strength and good adhesion will drive the market growth in coming years. Other property of acrylic to quickly dry is used in paints has driven the consumption of acrylic in emulsion polymer. Innovation in acrylic such as eco-friendly and water based acrylic emulsion polymer has opened an opportunity for product market across the globe.
Asia Pacific accounts for more than 39% of market volume in 2015. China being a largest producer of paints & coatings demand for emulsion polymers on a large scale. Rapid industrializations, favorable government regulations and increase in consumer spending will significantly grow the emulsion polymers market in emerging economies such as China, India and Japan. This market in North America is witnessing a constant growth due to stable marine activities and currency fluctuations as a result of uncertainties and lowering price of oil crude. Counties like Indonesia, Thailand, Malaysia are increasing trade which are supported by government through tax subsidies, regulations and incentives.
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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.
Acrylic based emulsion polymers accounts for 39% of market volume in 2015 owing to rise in use of paints in construction activities. Acrylic provides quick drying property which are extensively used in superabsorbent polymers and consumer goods. Therefore, unique properties of acrylic such as water resistant, good adhesion and strength drive the demand for acrylic based emulsion polymers in paints & coating industry. The rising demand of emulsion polymers in paints for improving quality, heat sensitivity and self-repairing abilities has shifted the manufacturers to use emulsion polymers on large scale. The growing awareness among consumers to use high performance adhesives in automotive industry has resulted increased demand for emulsion polymers. Adhesive is key ingredient in consumer goods such as household furnishing, packaging and footwear. Thus, increasing disposable incomes has boosted these items which has in turn increase the demand for adhesives in emulsion polymer market.
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The global emulsion polymers market is majorly segmented on the basis of types and application. Based on types of emulsion polymers the market is segmented into vinyl acetate polymers, styrene- butadiene latex, acrylics, polyurethane dispersions, others. Similarly, on the basis of application the market is classified into adhesives & sealants, paper & paperboard, paints & coatings, others.
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Emulsion Polymer Market
5 Industry Overview Of Global Emulsion Polymer Market
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