USD 27.23 billion
Report ID:
SQMIG15A2136 |
Region:
Global |
Published Date: February, 2024
Pages:
280
|Tables:
175
|Figures:
79
Emulsion Polymer Market size was valued at USD 27.23 billion in 2019 and is poised to grow from USD 29.47 billion in 2023 to USD 54.12 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).
Emulsion polymers are the result of radical polymerization that begins with the emulsion phase, which consists of water, monomer, and surfactant. The most common type of emulsion is an oil-in-water emulsion. Depending on their structure and method of polymerization, emulsion polymers are classified as bio-based or synthetic. Emulsion polymers have a 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 items. It is used as a binding agent in adhesives such as bands, stickers, glue, windings, and hygiene products. These end-user segments significantly contribute to the growth of the polymer emulsion industry.
US Emulsion Polymer Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 27.23 billion
Largest Segment
Acrylics
Fastest Growth
Vinyl Acetate Polymer
Growth Rate
8.5% CAGR
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The global emulsion polymer market is segmented based on product, type, application, end user and region. Based on type it is categorized into Acrylics, Vinyl Acetate Polymer, and SB Latex. Based on product, the market is segmented into Polyethylene, Polypropylene, Polyvinyl Chloride, Polyurethane, Polyethylene Terephthalate, Polystyrene, and Others. Based on end user it is categorized into Buildings & Construction, Automotive, Textile & Coatings and others. Based on Application it is categorized into: Paints & Coatings, Adhesives & Sealants, and Paper & Paperboard. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Emulsion Polymer Market Analysis by Type
Acrylics are expected to be the fastest-growing product segment in the coming years, owing to rising product demand from the superabsorbent polymers and adhesives and sealants segments. Demand is expected to be bolstered further by an increase in construction and building activities in developing countries. Moreover, the increasing use of acrylic polymers in water treatment is expected to drive growth. Vinyl acetate is also expected to grow rapidly from 2022 to 2028, due mainly to an expanding application base in adhesives, paper, fabric, and wood manufacturing.
Emulsion Polymer Market Analysis by Application
Paints and coatings had the largest market share and are expected to maintain their dominance throughout the forecast period. Consumers are increasingly concerned with quality and appearance, and as a result, increased demand for high-quality paints and technology-driven coatings is expected to drive product demand over the forecast period. Furthermore, the increasing preference for odor-free, low-VOC products is boosting the growth in the paints and coatings segment. The primary reason for this preference is the presence of stringent environmental regulations and policies that favor environmentally friendly products.
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In 2021, Asia Pacific had the largest Emulsion Polymers market share. Moreover, the availability of low-cost raw materials, land, equipment, and skilled labor are some of the factors driving the growth of the Asia Pacific emulsion industry. The rapidly expanding Chinese and Indian markets are the primary drivers of this significant growth. Water-borne coatings and adhesives are replacing solvent-based coatings and adhesives due to their environmental friendliness. As a result, the market is expected to expand significantly during the forecast period. The Asia Pacific is expected to remain the largest consumer due to increased construction spending, a growing middle-class population, a better lifestyle, and increased spending power.
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Emulsion Polymer Market Driver
Emulsion Polymer Market Restraint
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The global emulsion polymer market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. Major players are including Celanese Corporation, BASF SE, the Dow Chemical Company, and Arkema Co.
Emulsion Polymer Market Top Player's Company Profiles
Emulsion Polymer Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Emulsion Polymers Market analysis, the growing use of emulsion polymers in paints, coatings, and adhesives is driving the global emulsion polymer market. Due to advancements in emulsion polymer technology, water, and bio-based polymer emulsions are expected to provide opportunities in developed regions. Because of the increased awareness about the use of high-quality acrylic-based emulsion polymer in paints as a result of the increase in construction activities, manufacturers have increased their use of emulsion polymer in paints. Increased consumer awareness of green building is also expected to drive market growth.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 27.23 billion |
Market size value in 2031 | USD 54.12 billion |
Growth Rate | 8.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Emulsion Polymer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Emulsion Polymer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Emulsion Polymer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Emulsion Polymer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2136
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