NEW
YORK, Aug. 9, 2024 /PRNewswire/ -- The global
emulsion polymers market size is estimated to grow by
USD 14 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 7.18% during the forecast period.
Increased demand for emulsion polymers in paints and coating
applications is driving market growth, with a trend
towards increasing demand due to its eco-friendly production
process of emulsion polymer. However, increasing raw materials
cost poses a challenge. Key market players include
3M Co., Akzo Nobel NV, Alberdingk
Boley GmbH, Apcotex Industries Ltd., Arkema Group, Asian Paints
Ltd., BASF SE, Celanese Corp., Chang Chun Group, Clariant
International Ltd., DIC Corp., Dow Chemical Co., Eastman Chemical
Co., H.B. Fuller Co., PTT Global Chemical Public Co. Ltd., Scott
Bader Co. Ltd., Sumitomo Chemical Co. Ltd., Trinseo PLC, Wacker
Chemie AG, and Zeon Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Paints and
coatings, Paper and paperboard coatings, Adhesives, and Others),
Material (Acrylic, Styrene-butadiene latex, and Vinyl acetate
polymers), and Geography (APAC, North America, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
3M Co., Akzo Nobel NV,
Alberdingk Boley GmbH, Apcotex Industries Ltd., Arkema Group, Asian
Paints Ltd., BASF SE, Celanese Corp., Chang Chun Group, Clariant
International Ltd., DIC Corp., Dow Chemical Co., Eastman Chemical
Co., H.B. Fuller Co., PTT Global Chemical Public Co. Ltd., Scott
Bader Co. Ltd., Sumitomo Chemical Co. Ltd., Trinseo PLC, Wacker
Chemie AG, and Zeon Corp.
|
Key Market Trends Fueling Growth
Emulsion polymers are produced through the emulsion
polymerization process, which involves combining monomers, water,
and surfactant. Monomers like styrene, acrylonitrile, butadiene,
acrylate, and methacrylate esters are commonly used. This process
can be carried out in batches, semi-batches, or continuously.
Emulsion polymerization consumes less energy, making it
eco-friendly and reducing its carbon footprint. Additionally,
emulsion polymers have a long lifespan, resist chemical attacks,
and require minimal maintenance and handling costs. Their
non-flammable nature further reduces handling, storage, and
maintenance expenses. With a lower initial capital investment, the
emulsion polymers market is expected to grow significantly due to
its economic and safety advantages.
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Market Challenges
- The global emulsion polymers market faces challenges due to the
rising costs and supply constraints of essential raw materials,
such as naphtha and ethane. These materials' high dependency on
crude oil reserves and their fluctuating prices create
demand-supply imbalances, hindering market growth. Economic
instability and national emergencies can also impact raw material
prices, making them volatile and unpredictable. Import and export
tariffs further complicate the pricing strategy for petrochemical
derivatives, posing challenges for emulsion polymer manufacturers
during the forecast period.
- Emulsion polymers, a type of polymer dispersed in water with
the help of surfactants, play a significant role in various
industries. In Construction, they are used in waterborne coatings
for green buildings, reducing VOC emissions. In Paints and
Coatings, acrylics dominate, but vinyl acetate polymer, SB Latex,
and others like polyethylene, polypropylene, PVC, polyurethane,
PET, and polystyrene are also used. In Textile and Coatings,
emulsion polymers are essential for adhesives and sealants.
Manufacturing emulsion polymers involves radical polymerization in
the emulsion phase using monomers and water. Companies like
Celanese Corporation are leading the way with VOC-free paints for
Interior decor, responding to urbanization and housing growth. The
market faces challenges from increasing industrialization and
construction activity, requiring biodegradable products and
waterproofing coatings. Crude oil and natural gas prices impact raw
material costs. Emulsion polymers serve diverse applications, from
paper and paperboard to consumer durables.
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Segment Overview
This emulsion polymers market report extensively covers market
segmentation by
- Application
- 1.1 Paints and coatings
- 1.2 Paper and paperboard coatings
- 1.3 Adhesives
- 1.4 Others
- Material
- 2.1 Acrylic
- 2.2 Styrene-butadiene latex
- 2.3 Vinyl acetate polymers
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Paints and coatings- The global emulsion
polymer market is primarily driven by the paints and coatings
segment, which accounted for a significant market share in 2023.
The expansion of the construction and automotive industries,
particularly in the Asia Pacific
region, is a major factor fueling the growth of this application
segment. Furthermore, the increasing demand for eco-friendly and
biodegradable products, along with the growing preference for low
VOC emission paints, is expected to boost the consumption of
emulsion polymers in this segment. Emulsion polymers used in paints
and coatings offer enhanced water repellence, providing additional
protection to building exteriors. Moreover, the increasing consumer
interest in interior decorations and exterior paint protection is
anticipated to further boost the demand for emulsion polymers
during the forecast period. Emulsion polymer coatings are known for
their high resistance to abrasion, corrosion, and flexibility,
making them suitable for high-performance applications such as wood
finishes, automotive refinishing, and anticorrosion coatings. The
extensive use of these coatings in the paints and coatings industry
is expected to fuel the growth of the global emulsion polymer
market during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Styrene Butadiene (SB) Latex Market is experiencing
robust growth, driven by increasing demand in paper, adhesives, and
coatings industries. Rising environmental concerns are pushing
manufacturers towards sustainable solutions, further propelling
market expansion. Meanwhile, the global Conductive Polymers Market
is gaining traction due to its applications in electronics,
automotive, and energy sectors. With the rise of smart devices and
electric vehicles, the demand for conductive polymers is expected
to surge, offering significant opportunities for market players.
Both markets are poised for substantial growth in the coming
years.
Research Analysis
Emulsion polymers, a type of polymer dispensed in water, play a
significant role in various industries. They are essential in the
production of Paints and Coatings, Textile and Coatings, Adhesives,
and Paper and Paperboard. In the construction sector, they
contribute to the creation of Green Buildings by reducing Volatile
Organic Compound (VOC) emissions. The chemical industry utilizes
emulsion polymers in the production of Vinyl Acetate Polymer, SB
Latex, and other specialty polymers through Radical Polymerization.
Emulsion polymers are also used in the manufacturing of Consumer
Durables, such as footwear and plastics, and in the Paper industry
as sizing agents and coating materials. Monomers like Acrylics and
Surfactants are key ingredients in the preparation of emulsion
polymers. Polymers such as Polyethylene, Polypropylene, and
Polyvinyl Chloride are also used as raw materials in the production
process.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Paints And Coatings
- Paper And Paperboard Coatings
- Adhesives
- Others
- Material
-
- Acrylic
- Styrene-butadiene Latex
- Vinyl Acetate Polymers
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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Email: media@technavio.com
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SOURCE Technavio