According to a new report published by Acumen Research and Consulting titled “Emulsion Polymers Market (By Type: Acrylics, Vinyl Acetate Polymers, SB Latex; By Application: Paints & Coatings, Adhesives & Sealants, Paper & Paperboard) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”, the global market for emulsion polymers is estimated to grow at a rate of 6.4% during the forecast period. Among the major factors responsible for this astounding growth are the continuous demand from paints & coatings industry. Moreover, the stringent government regulations regarding the emission of VOC boosts the growth in emulsion polymers market.In addition, the growing preference for water-based emulsions in country such as UK and South Korea drives the emulsion polymer market. The growth in the paper & paperboard industry also augments the growth of emulsion polymer during the forecast period. However, the market for emulsion polymers is likely to get restricted owing to the volatility in raw material prices.In addition, the constant pressure to manufacture cost-effective emulsion polymer is the major challenges faced by the emulsion polymers market. Nevertheless, the augmented demand for bio-based emulsion polymers globally offers huge growth opportunities for the manufacturers of emulsion polymer.
Emulsion polymers are combination of surfactants, water, and monomer most used for paints & coatings application. Emulsion polymers are also used for automotive application has they exhibit low VOCs and abide by the government regulations such as REACH and clean air act.
Asia Pacific to be the most attractive market for emulsion Polymers during the forecast period
The market for emulsion polymers has been segmented by region as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific was the largest market for emulsion polymers in 2013 due the rapid industrialization in countries such as India, Singapore, Malaysia, and Taiwan. Also, the government’s initiative to encourage technology in order to support the demand for emulsion polymer boosts the growth of emulsion polymers in the region. Asia-Pacific is also anticipated to be the most lucrative market for emulsion polymers to throughout the forecast period on account of expansion of automotive and packaging industry in countries such as India, China, and South Korea.
Growth of emulsion polymer in North America and Europe is supported by the strict government regulations towards VOC emission and upsurge in investment in the oil & gas sector by countries such as US, UK, and Canada.
Recovery from recession and economic growth in countries such as Brazil and Argentina is likely to support the growth of emulsion polymer in Latin America region. The boom in automotive industry in Argentina is the major driving factor for emulsion polymer market.
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Acrylic Polymerto be the most lucrative distribution channel of emulsion polymers market
Based on type, emulsion polymers market has been segmented into acrylic polymer emulsion, vinyl acetate polymer emulsion, and SB latex. Acrylic polymer is projected to be the most attractive segment during the forecast period as they are widely used for super absorbents polymers for building & constriction activities. Rise in the building & construction industry in countries such as India, UK, France drives the acrylic polymer segment, thereby boosting the growth of emulsion polymer market.
Paints & coatings dominated the emulsion polymer market
Based on application, emulsion polymers market has been divided into paints & coatings, adhesives & sealants, and paper & paperboard. The paints & coatings application accounted for the major share of emulsion polymer market in 2013 as they have low VOC emission. Emulsion polymers in paints & coatings applications also requires low handling charges. Growing preference on green buildings also boosts the growth of emulsion polymers market during the forecast period.
Some of the leading companies operating in emulsion polymers market include Celanese Corporation, Wacker Chemie AG, BASF SE, Arkema Group, DIC Corporation, DowDuPont, Synthomer Plc, Allnex, Pexichem Private Limited, Trinseo, The Lubrizol Corporation, DSM, Kamsons Chemicals Pvt. Ltd., Visen Industries Limited, and Omnova Solutions Inc.These key players are actively involved in technological development in order to enhance the features of the emulsion polymers. These players have also adopted the strategies such as merger and expansion in order to compete in the global emulsion polymers market. These players mainly compete with each other on price and product quality in order to sustain in the emulsion polymer market.
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