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The emulsion polymers market size is forecast to increase by USD 14 billion at a CAGR of 7.18% between 2023 and 2028.
The emulsion polymers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Emulsion polymers held a significant market share In the global paints and coatings industry in 2023. The expansion of the construction and automotive sectors, primarily in Asia Pacific, is a primary growth driver for the market in this segment. The preference for eco-friendly and biodegradable products is another significant factor fueling market growth. The increasing demand for low Volatile Organic Compound (VOC) emission paints is anticipated to boost the usage of emulsion polymers in this application area. These polymers offer enhanced water resistance in paints, providing additional protection to building exteriors. The emulsion polymers utilized in coatings applications include vinyl acetate, styrene butadiene, polyethylene, polypropylene, polyvinyl chloride, polyurethane, polyethylene terephthalate, and polystyrene.
These polymers contribute to waterborne coatings, architectural paints, adhesives and sealants, waterproofing coatings, flooring adhesives, and cement modification. The demand for emulsion polymers is also influenced by the urbanization, housing, and industrialization trends, as well as the increasing construction activity. Emulsion polymer coatings provide benefits such as adhesion, film forming, durability, waterproofing, and surface treatments. Furthermore, the emulsion polymers sector is also involved in plastic waste management and the production of acrylics and vinyl acetate polymers.
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The Paints and coatings segment was valued at USD 12.20 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Emulsion polymers are essential raw materials in various industries, including construction, textiles, coatings, paper, consumer durables, and adhesives. In 2023, APAC held the largest market share In the market, driven by factors such as favorable weather conditions, low labor costs, and government support. China is a significant producer and consumer of emulsion polymers, contributing to the market's growth in APAC. End-use sectors, particularly automobile and construction, will fuel the regional market's expansion during the forecast period. Strict regulations to reduce VOC emissions from products are also propelling the demand for emulsion polymers as alternatives to traditional solvent-based materials.
Key industries using emulsion polymers include paper and paperboard, adhesives and sealants, waterproofing coatings, paints, flooring adhesives, and cement modification. Emulsion polymers offer benefits such as film forming, adhesion, durability, and waterproofing, making them suitable for various applications. Vinyl acetate, styrene butadiene, polyethylene, polypropylene, polyvinyl chloride, polyurethane, polyethylene terephthalate, and polystyrene are common types of emulsion polymers. The market is expected to continue growing due to urbanization, housing, and industrialization, as well as the increasing demand for biodegradable products and green building initiatives.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased demand for emulsion polymers in paints and coating applications is the key driver of the market.
Increasing demand due to its eco-friendly production process of emulsion polymer is the upcoming market trend.
Increasing raw materials cost is a key challenge affecting the industry growth.
The emulsion polymers market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the emulsion polymers market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, emulsion polymers market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Emulsion polymers are a type of polymer dispersion in which the polymer particles are suspended in water. These polymers are widely used in various industries due to their unique properties, such as excellent adhesion, film forming, and durability. The emulsion polymer market is driven by the increasing demand for water-based coatings and adhesives, particularly In the construction, textiles, paper, consumer durables, and paint and coatings industries. The global chemical industry has seen a significant shift towards the production of emulsion polymers due to their environmental benefits. With the growing emphasis on green buildings and reducing volatile organic compound (VOC) emissions, the demand for VOC-free paints and coatings has surged.
Emulsion polymers play a crucial role in this trend as they enable the production of waterborne coatings, which have lower VOC emissions compared to their solvent-based counterparts. The construction industry is a major consumer of emulsion polymers. The increasing urbanization and housing demand have led to a surge in construction activity, driving the demand for emulsion polymers in various applications such as cement modification, surface treatments, and waterproofing coatings. In addition, emulsion polymers are used extensively in flooring adhesives, providing excellent adhesion and durability. The textile industry is another significant end-user of emulsion polymers. They are used in various applications such as textile finishing, coating, and sizing.
Emulsion polymers offer several advantages over traditional methods, including improved performance, reduced water usage, and reduced environmental impact. The paper and paperboard industry also utilizes emulsion polymers extensively. They are used in various applications such as coating and sizing, providing excellent water resistance and printability. Emulsion polymers are also used In the production of biodegradable products, aligning with the growing trend towards sustainability. The production of emulsion polymers involves the polymerization of monomers In the emulsion phase. Radical polymerization is a common method used for the production of emulsion polymers. The choice of monomer and surfactant plays a crucial role in determining the properties of the final product.
Commonly used monomers include acrylics, vinyl acetate, styrene butadiene, polyethylene, polypropylene, polyvinyl chloride, polyurethane, polyethylene terephthalate, and polystyrene. The market is expected to grow significantly In the coming years due to the increasing demand for waterborne coatings and adhesives, particularly In the construction, textiles, paper, consumer durables, and paint and coatings industries. The market is driven by various factors, including urbanization, industrialization, and the growing emphasis on sustainability. Emulsion polymers offer several advantages over traditional solvent-based polymers, including improved performance, reduced environmental impact, and lower VOC emissions. They are also easier to handle and apply, making them a preferred choice for various applications.
Emulsion polymers are a versatile class of polymers with wide applications in various industries. Their unique properties, such as excellent adhesion, film forming, and durability, make them an essential component of various products. The market is expected to grow significantly In the coming years due to the increasing demand for waterborne coatings and adhesives, particularly In the construction, textiles, paper, consumer durables, and paint and coatings industries. The market is driven by various factors, including urbanization, industrialization, and the growing emphasis on sustainability.
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Market Scope |
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Report Coverage |
Details |
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Page number |
190 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.18% |
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Market growth 2024-2028 |
USD 14 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.51 |
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Key countries |
China, US, India, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this emulsion polymers market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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