Global Emulsion Polymers Market, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Emulsion Polymers Market


The global Emulsion Polymers market size is projected to reach US$ 64.28 billion by 2026, from US$ 44.55 billion in 2020, at a CAGR of 6.3% during 2021-2026. Increasing use of the product in paints, coatings, and adhesives is expected to drive the growth. Increasing construction projects, especially in the emerging economies of Asia Pacific and Middle East has also been driving the need for high-quality paints and coatings which in turn is anticipated to augment industry volumes.

In addition, enhancing use of adhesives in automotive coating industry is expected to significantly contribute to market growth in near future. Increasing environmental concerns are forcing regulatory bodies including Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) to frame strict rules to increase bio-based product use and minimize noxious impacts on the environment. These regulatory bodies have framed standards under the Clean Air Act to control toxic chemical emissions including methyl chloride, styrene, acrylonitrile, and toluene. Such initiatives are promoting water-based emulsion polymer use over synthetic products.

The product is derived from crude oil and natural gas. In recent years, fall in crude oil prices has negatively impacted the overall revenues and acted as the major restraint for growth. The product manufacturing process involves Volatile Organic Compounds (VOC) emission. Such factor is anticipated to challenge market growth in near future.
Water and bio-based polymer emulsions are anticipated to provide huge opportunities for development. Expanding consumer awareness regarding green building is anticipated to drive global demand over the forecast period. Increasing awareness among end-use industries regarding the environmental impact of solvent-based products coupled with favorable regulatory trends is expected to drive the market over the forecast period.

The shift in trend towards the adoption of environment-friendly paints and coatings coupled with the favorable regulatory scenario is likely to support the development of low VOC content or VOC-free paints and coatings. This has led to the initiation of emulsion polymerization in the global market. Emulsion polymerization technique produces high molecular weight polymers with little viscosity. However, polymers can also be tailor-made according to their usage to display the desired morphology and composition.

Market Segmentation, Outlook & Viewpoint: Global Emulsion Polymers Market

Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Acrylics
  
Styrene-Butadiene Latex
  
Vinyl Acetate Polymers
  
Others

Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Paints and coatings
  
Paper & paperboard Coatings
  
Adhesives
  
Others

Key Players, Recent Developments & Regional Insights: Global Emulsion Polymers Market

On the basis of product, the emulsion polymers market has been segmented into acrylics, styrene-butadiene latex, vinyl acetate polymers, and others. Acrylics is expected to be the fastest growing segment in the forthcoming years, owing to rising product demand from super absorbent polymers and adhesives and sealants segments. Increase in construction and building activities in developing countries is further expected to drive the demand.
In addition, rising application of acrylics polymer in water treatment is anticipated to boost the growth. Vinyl acetate is also anticipated to develop at a significant pace from 2019 to 2025 on account of expanding application base in adhesives, paper, fabric, and wood manufacturing.

Application Insights

On the basis of application, the market has been segmented into paints and coatings, paper and paperboard coatings, adhesives, and others. In 2018, paints and coatings held the largest market share and is expected to continue its dominance over the forecast period. Consumers are focusing quality and appearance and as a result, increasing demand for enhanced quality paints and technology driven coatings is expected to drive product demand over the forecast period.

Furthermore, increasing preference for odor-free products that contain low VOCs is spurring growth of paints and coatings segment. The primary reason for this preference is the stringent environmental regulations and policies that are in favor of environment-friendly products.

Paper and paperboard coatings application segment is expected to witness significant growth over the forecast period. Coated paper and paperboard food packaging segment is anticipated to witness significant growth over the forecast period as food and beverage industry is switching to sustainable food packaging options.

Regional Insights

Asia Pacific held the largest market share in 2018. 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. The main reason behind this substantial growth is the rapidly expanding Chinese and Indian markets.

Water-borne products are replacing solvent-based coatings and adhesives due to their environment-friendly nature. The market is, therefore, expected to grow significantly over the forecast period. Asia Pacific is expected to continue to be the largest consumer due to the increased spending on construction activities, growing middle class population, improving lifestyle, and increasing spending power.

Emulsion Polymers Market Share Insights

The market is fragmented in nature with the presence of few key players, such as The Dow Chemical Co, Arkema SA, Clariant International, and Kasei Corporation; as well as a few medium and small-sized regional players, such as Mallard Creek Polymers, Inc.; Specialty Polymers Inc.; STI Polymer; and Engineered Polymer Solutions, which operate across the globe.

The market is highly competitive, and product manufacturers compete on the basis of product quality and technology used for production.Manufacturers are expected to invest in facilities expansion as well as product portfolio expansion to cater to rising demand from Asia Pacific. Product manufacturers have adopted the low-cost strategy to attract consumers.

Over the forecast period, companies are expected to focus on innovation to differentiate their product from competitors. They are also anticipated to shift their focus on bio-based and invest on R&D initiatives to meet industry standards and increasing competition levels.

Key Insights Covered: Global Emulsion Polymers Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Emulsion Polymers industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Emulsion Polymers industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Emulsion Polymers industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Emulsion Polymers industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Emulsion Polymers industry.

Research Methodology: Global Emulsion Polymers Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other