Global Emulsion Polymers Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for emulsion polymers in paints and coating applications, rising adoption of environmentally friendly products, and growing technological advancements are some of the major factors driving the growth of the Market.
The Emulsion Polymers market was valued at USD 28.34 Billion in 2021 and expected to reach USD 49.84 Billion by 2028 with the CAGR of 8.4% over the forecast period.
Emulsion polymers are colloidal dispersions of individual polymer particles with a typical particle diameter of 0.01-1.0 microns in a medium such as water. Emulsion polymers are the result of radical polymerization starting from an emulsion phase, which consists of water, monomer, and surfactant. The most common type of emulsion is the oil-in-water emulsion. Based on their composition and method of polymerization, emulsion polymers are classified as bio-based or synthetic. Emulsion polymers have high molecular weight, polymerize quickly, and are environmentally friendly. Emulsion polymers are used in the paper industry to make sheets, paper bags, boxes, cartons, and other products. These are used as a binding agent in adhesives such as bands, stickers, glue, windings, and cleaning products.
The Covid-19 pandemic has negatively impacted the growth of the global emulsion polymers market. Construction, automotive, chemical, textile, and coatings companies have been forced to close locations due to potential upstream supply chain issues. Negative market sentiment & declining incomes discourage people from looking for alternative housing, thus reducing the need for residential construction. Demand for automobiles has fallen dramatically due to uncertainty about the future. Chemical manufacturers have either shut down or are operating at reduced capacity. However, after the extension of the lockdown, governments around the world are encouraging the construction, automobile, chemical, and textile & coatings businesses to resume operations, and as companies strive for market recovery, sales are expected to increase gradually.
The global emulsion polymers market is segmented based on the product, end-use, and region & country level. Based on product, the global emulsion polymer market is classified into vinyl acetate polymers, acrylics, styrene-butadiene latex, and others. By end-use, the global emulsion polymer market is classified into paper & paperboard coatings, paints & coatings, adhesives, and others.
The regions covered in the global emulsion polymers market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
One of the major factors driving the growth of the emulsion polymers market is the increasing demand for emulsion polymers in paints and coating applications. Rising demand for high-quality color paints, coupled with increased residential infrastructure development, particularly in emerging economies, is expected to drive industry growth over the forecast period. Rapid growth in the automobile and construction sectors is also a major factor supplementing the market growth. Along with improving Gross Domestic Product (GDP), improvement in living standards is also fostering the growth of the construction sector. Moreover, emulsion polymers are used in the production of paints provide improved quality, heat sensitivity and self-healing ability. Emulsion polymers are widely used in paints and coating products because they are environmentally safe and resistant to stains and chemicals. Emulsion polymers used in paints and coatings have low VOC components, so increasing consumer awareness regarding a safe product may further increase the use of emulsion polymers.
In addition, the rising adoption of environmentally friendly products is also augumenting the growth of the emulsion polymers market. Rising awareness among end-use industries about the impact of solvent-based products on the environment, along with favorable regulatory trends, is expected to drive demand for emulsion polymers. VOC-free or low VOC content paints and coatings are expected to benefit from the shift towards environmentally friendly paints and coatings. This trend has boosted the global market for emulsion polymerization. Industry operators can use this technique to produce high molecular weight polymers with low viscosity.
Moreover, the growing technological advancement is also supplementing the emulsion polymers market growth. For example; on September 12th, 2022; Mallard Creek Polymers, LLC (MCP) developed Rovene 6590, an alkylphenol ethoxylate (APEO)-free emulsion polymer for pressure-sensitive adhesive (PSA) applications focused on the performance needs of construction and flooring adhesives. Rowen 6590 is a high solid (61%) and low-Tg (-41°C) acrylic polymer with excellent peel/loop tack and shear balance and strong and repeatable growth in peel at 24-hour intervals
However, the rapidly increased price of raw materials associated with emulsion polymers may hinder the growth of the global emulsion polymers market. Despite that, increasing environmental concerns, and technological advancements may create more opportunities for the further growth of the market.
Geographically, Asia Pacific is expected to show a significant growth in the global emulsion polymers market within the forecast period due to the increasing construction activities, rising middle-class population, and growing penetration of waterborne technology into the coating and adhesive industries in this region. Increasing construction activities are driving the growth of the market. For instance; according to Smart City Mission, on February 20th, 2021; the Government of India with the mission to develop 100 smart cities in the nation. In addition, the rising middle-class population is another factor supplementing the market growth in this region. For instance; according to the association of Asian studies, in 2018; half of India's 1.3 billion people are now middle class.
North America is the fastest-growing region in the global emulsion polymers market due to the increasing population, rising infrastructure development, and growing technological advancements in this region. For instance; on June 24th, 2021; Kemira installed new production units for emulsion polymers.
On September 12th, 2022; Mallard Creek Polymers, LLC (MCP) developed Rovene 6590, an alkylphenol ethoxylate (APEO)-free emulsion polymer for pressure-sensitive adhesive (PSA) applications focused on the performance needs of construction and flooring adhesives. Rowen 6590 is a high solid (61%) and low-Tg (-41°C) acrylic polymer with excellent peel/loop tack and shear balance and strong and repeatable growth in peel at 24-hour intervals.
On June 24th, 2021; Kemira completed the installation of new state-of-the-art production units for emulsion polymers and bio-acrylamide monomers at its manufacturing site in Alabama. Production has started and the facility is expected to be fully operational soon. The investment is valued at approximately $83 million and will support Kemira's strategic focus to grow faster than the market.
On January 29th, 2020; Celanese Corporation, a global chemical and specialty materials company, announced preliminary plans to expand its emulsion polymer derivatives business to add value to its global acetyl chain. This focused investment allows Celanese to implement integrated capital deployment to achieve exponential growth in the global emulsion market.
On March 29th, 2018; Brenntag North America, Inc., part of the Brenntag Group, a global market leader in chemical distribution, announced a new partnership with StanChem Polymers for the distribution of emulsion polymers to the United States ACES market. StanChem Polymers has appointed Brenntag North America as its preferred channel partner in the United States for the distribution of its emulsion polymers for adhesive, coating, elastomer, and sealant (ACES) applications.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2021:||USD 28.34 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||8.4%|
|Market Size Expected in 2028:||USD 49.84 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Celanese Corporation, Wacker Chemie AG, BASF SE, Arkema Co., The Dow Chemical Company, Koninklijke DSM N.V., DIC Corporation, Trinsea Co., Omnova Solutions Inc., and others.|
|Segments Covered||By End-Use, By Product|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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