Emulsion is a process of mixing two liquids having different densities. Polymer emulsion is done through the process of emulsion polymerization, wherein emulsification of a monomer is done in the presence of a surfactant (sodium stearate) and water. Increasing construction projects in emerging economies of Asia Pacific and the Middle East is expected to drive growth of the polymer emulsion market during the forecast period.
Increasing industrial applications of polymer emulsion such as in paper & textile, paints & coatings, and adhesives is one of the major factors that is expected to drive growth of the polymer emulsion market throughout the forecast period. Several advantages of polymer emulsion-based end products such as flame resistant properties is likely to increase demand for polymer emulsion, thereby driving growth of the market in the near future.
Also, environmental protection norms such as Clean Air Act and REACH Europe is expected to support polymer emulsion market growth in the near future. However, increasing raw material cost is a major restraining factor that is expected to affect growth of the polymer emulsion market in the near future.
Among product type, acrylics segment is expected to possess highest market share in the global polymer emulsion market during the forecast period. Acrylics segment is expected to exhibit high growth in Asia Pacific due to increasing per capita expenditure and rapid urbanization growth. Paints and coatings segment is expected to account for the largest market share over the forecast period, owing to its low VOC content, non-flammability of polymer emulsion-based paints and coatings. Due to less storage cost and reduced fire insurance costs of polymer emulsion products, polymer emulsion market is expected to possess high growth during the forecast period.
Growing construction and automotive industry in Latin American region is expected to fuel the polymer emulsion market growth in the region during the forecast period. In North America, US is expected to dominate the polymer emulsion market during the forecast period. Increasing infrastructure development initiatives coupled with the gain in total number of manufacturing industries is expected to create enormous growth opportunities for polymer emulsion market during the forecast period.
Increasing infrastructure development, strong economic growth, growing automotive sector, and increasing middle-class population in emerging economies are also expected to boost growth of the market. Furthermore, low capital cost for establishing polymer emulsion manufacturing units is another factor driving the market growth.
Major players operating in the global polymer emulsion market include 3M, H.B. Fuller, The Dow Chemical Company, Scott Bader Company Ltd., BASF SE, Celanese Corporation, Lubrizol Corporation, Arkema Group, and Apotex Industries Ltd. among others.
On the basis of product type, the global polymer emulsion market is segmented into:
On the basis of application, the global polymer emulsion market is segmented into:
On the basis of end use industry, the global polymer emulsion market is segmented into:
On the basis of region, the global polymer emulsion market is segmented into:
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