According to BlueQuark Research & Consulting, the global Polymer Emulsion market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Polymer Emulsion in manufacturing paints and coatings increase the heat sensitivity, color, and self-repairing abilities of paints and coating, driving the Polymer Emulsions market. The surging demand for adhesives in various end-user industries like the automotive, textile, and consumer goods industry is expected to increase the demand for Polymer Emulsion as its acts as one of the prime raw material for adhesives manufacturing. Furthermore, the increasing building and construction industry is all set to propel the demand for Polymer Emulsion in the forecasted years. Also, with higher environmental awareness, the emulsion industry aims to go green in the forecasted years by imposing regulations to reduce its carbon footprints. However, the fluctuating prices in the raw material for Polymer Emulsion are expected to hamper Polymer Emulsion's growth during the forecasted years.
Polymer Emulsion is used to manufacture adhesives and sealants, paints, elastomeric coating, latex gloves, textile products, and construction materials. It serves various end-use industries like Building & Construction, Automotive, Textiles & Coatings, and the Chemicals Industry.
The Paint and Coating segment is the prime consumer of Polymer Emulsion globally and is expected to drive the future market. The rising demand for paints and coating is attributed to its application in various end-user industries like the automotive, paper, and construction & building industry. The increasing global population is promoting rapid industrialization and urbanization. As a result of the urbanization in emerging countries like India, China, Indonesia, Brazil, and Japan, the global demand for low-cost living spaces has been increasing, thus increasing the demand for paints and coating. It is estimated that almost one-third of all emulsion polymers produces are utilized in the architectural coating, also known as paints, as it provides protection against moisture, dirt, and mold both indoor and outdoor. Furthermore, with an increase in disposable income of the people globally, the spending on automobiles has also witnessed a rise. The automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the polymer emulsion industry. These factors are expected to drive the future Emulsion Polymer market.
The global Polymer Emulsion market was found to be fragmented. Major global players in the industry were Akzo Nobel , Arkema Group , BASF FE , Apcotex Industries Limited , Clariant , Celanese , and The Dow Chemical Company , among others.
The Asia Pacific region is expected to be the largest market for Polymer Emulsion in the forecasted year. This growth is attributed to the growth of the end-user industries, such as Paints and Coatings, Building & Construction, Adhesives, and Sealants. The market was originally developed in North America but has shifted towards the east to emerging countries like China, Japan, and India, where it is now thriving. The increasing population and demand for housing & office spaces in the Asia Pacific region have made the construction industry one of the most booming industries in the region. Construction uses adhesives for flooring and parquet applications owing to its non-toxic and ease-of-use characteristics with great performance both indoor and outdoor. The demands in the construction industry majorly drive the use of paints and coatings. Furthermore, the increasing disposable income of people in the region is fueling the demand for automobiles in the region. With China leading the Automotive market, the demand for polymer emulsions in the paints and coatings market, and adhesives is expected to rise over the forecasted years. The increased demand for textile industry products in the region is surging owing to the population boom currently being experienced in China and India. As emulsion polymer is used in the textile industry to improve functional and aesthetic properties, improving the textile's performance characteristics could increase the demand for emulsion polymer. The increasing demand in the construction, textile, and automobile industry, is expected to propel the future Polymer Emulsion market in the forecasted years.
In January 2020, Celanese Corporation announced its expansion of the Emulsion Polymers Market globally. Celanese is implementing a debottlenecking project of its Geleen and Nanjing VAE production facilities in the Netherlands and China. Furthermore, the company announced plans to expand its VAE production facility at the Geleen facility by 50,000 metric tons per annum by 2023 and the Nanjing facility by 65,000 metric tons by 2022.
AkzoNobel , in March 2021, has completely acquired Industrias Titan S.A.U (Titan Paints), one of Spain's well-known brands, further strengthening its paints business and its footing in Spain's market.
Global Polymer Emulsion Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polymer Emulsion market by segmenting based on the Type (Acrylics Polymer Emulsion, Vinyl Acetate Polymer Emulsion, SB Latex, Others), Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard, Others), End-User Industry (Building & Construction, Automotive, Textiles & Coatings, Chemicals, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market share, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.