The Global Emulsion Polymers Market Size accounted for USD 44.9 Billion in 2021 and is estimated to achieve a market size of USD 78.4 Billion by 2030 growing at a CAGR of 6.6% from 2022 to 2030. The growing use of the products in coatings, paints, and adhesives is likely to boost the emulsion polymers market growth. Furthermore, increasing the application of adhesives in the automobile coating sector is predicted to considerably contribute to the emulsion polymer market value in the coming years.
Emulsion Polymers Market Report Key Highlights
Emulsion polymers are obtained through the combination of monomers, surfactants, and water. Oil and water-based are the most commonly used emulsion polymers. Emulsion polymers are majorly used for paints & coatings, and automotive applications as they exhibit low VOC. Regulations such as REACH and the clean air act are the major factors driving the emulsion polymer market.
Global Emulsion Polymers Market Trends
Emulsion Polymers Market Report Coverage
|Market||Emulsion Polymers Market|
|Emulsion Polymers Market Size 2021||USD 44.9 Billion|
|Emulsion Polymers Market Forecast 2030||USD 78.4 Billion|
|Emulsion Polymers Market CAGR During 2022 - 2030||6.6%|
|Emulsion Polymers Market Analysis Period||2018 - 2030|
|Emulsion Polymers Market Base Year||2021|
|Emulsion Polymers Market Forecast Data||2022 - 2030|
|Segments Covered||By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||BASF SE, Arkema Group, DIC Corporation, DowDuPont, Celanese Corporation, Wacker Chemie AG, Synthomer Plc, Trinseo, The Lubrizol Corporation, DSM, Allnex, Pexichem Private Limited, Kamsons Chemicals Pvt. Ltd., Visen Industries Limited, and Omnova Solutions Inc.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
The major driving factor for the emulsion polymers market is the upsurge in demand for emulsion polymers from the paints & coatings industry. Moreover, the stringent regulations by the government towards VOC emission also support the growth of the emulsion polymers market globally. In addition, the growing awareness regarding green buildings is also one of the driving factors for the emulsion polymer market. However, the volatility in the raw material cost is likely to restrict the growth of emulsion polymers during the forecast period. Also, the manufacturing of cost-effective emulsion polymers is one of the major challenges faced by manufacturers. Nevertheless, the increasing adoption of bio-based emulsion polymers globally offers huge growth opportunities for emulsion polymer manufacturers during the forecast period.
Increasing the application scope of vinyl acetate polymers in sealants should boost the market growth. Superior features such as binders, adhesion, as well as film forming, in addition to the widespread use of vinyl acetate in textiles, bookbinding, on-site building, and cardboard packaging, should drive the market size of emulsion polymers. The polymer emulsion total market is expected to be driven by an application perspective in the coatings and paints industry due to lower carbon dioxide and energy emissions during the manufacturing method. Paints and coatings are widely used in a variety of end-use industries, including automotive, maritime and aviation, construction, and manufacturing, which could have a favorable effect on market development.
Emulsion Polymers Market Segmentation
The worldwide emulsion polymers market segmentation is based on the type, application, and geography.
Emulsion Polymers Market By Type
According to the emulsion polymers industry analysis, the acrylics type segment captured a substantial market share in 2021. This expansion is due to increased product demand from the superabsorbent polymer & sealants and adhesives markets. Growth in building and construction activity in emerging regions is likely to raise demand even further. Due to their durability, advanced tech, and molecular purity, acrylics are commonly utilized in products for personal care and hydrogel polymers. Acrylics are also expected to maintain a dominant market share due to quick technical improvements and outstanding properties such as toughness, preservation, and alkali tolerance.
Emulsion Polymers Market By Application
According to the emulsion polymers market forecast, the Paint & coating-based applications segment dominates the marketplace and is expected to grow significantly in the industry over the next few years. This expansion is due to increased investment in the sector of real estate. Growth in renovation operations of current facilities in European can boost industrial growth, aided by strong government rules relating to the uptake of bio-based products. Product demand is being driven by rising environmental factors as well as rapid technological improvements.
Emulsion Polymers Market Regional Outlook
The Middle East & Africa
Asia-Pacific Holds Largest Share Of The Global Emulsion Polymers Market
Geographically, Asia-Pacific was the major revenue generator for the worldwide emulsion polymer market in 2021, owing to increased demand for emulsion polymer from the manufacturing industries. Due to the increased infrastructure activity in countries like China, India, and Singapore, Asia-Pacific is expected to be the most appealing market for emulsion polymer makers. The expansion of the automobile industry in nations such as India, China, and South Korea increases demand for emulsion polymers in the region. Low labor costs, the accessibility of raw ingredients, and skilled personnel are all elements that contribute to the expansion of emulsion polymer in the Asia-Pacific market.
Emulsion Polymers Market Players
Some of the top emulsion polymers market companies offered in the professional report include BASF SE, Arkema Group, DIC Corporation, DowDuPont, Celanese Corporation, Wacker Chemie AG, Synthomer Plc, Trinseo, The Lubrizol Corporation, DSM, Allnex, Pexichem Private Limited, Kamsons Chemicals Pvt. Ltd., Visen Industries Limited, and Omnova Solutions Inc.
The estimated value of global emulsion polymers market in 2021 was accounted to be USD 44.9 Billion.
The projected CAGR emulsion polymers market during the analysis period of 2022 to 2030 is 6.6%.
The prominent players of the global emulsion polymers market are BASF SE, Arkema Group, DIC Corporation, DowDuPont, Celanese Corporation, Wacker Chemie AG, Synthomer Plc, Trinseo, The Lubrizol Corporation, DSM, Allnex, Pexichem Private Limited, Kamsons Chemicals Pvt. Ltd., Visen Industries Limited, and Omnova Solutions Inc.
Asia-Pacific held the dominating emulsion polymers during the analysis period of 2022 to 2030.
Europe region exhibited fastest growing CAGR for Emulsion Polymers during the analysis period of 2022 to 2030.
Increasing usage of color and coating compounds in the automobile sector and stringent VOC emission regulations drives the growth of global emulsion polymers market.
Based on type, acrylics segment is expected to hold the maximum share of the emulsion polymers market.