The polymer emulsion market has been studied for Europe, North America, APAC, the Middle East & Africa, and South America. The APAC polymer emulsion market is projected to register the highest CAGR during the forecast period. Growth in end-use industries such as construction and automotive, increasing disposable income, and shift towards water-based formulations are majorly driving the demand for polymer emulsion in the regions. In APAC, countries such as China, Japan, and India are the largest consumers of polymer emulsion due to their increasing manufacturing output and rapid urbanization. The regulatory bodies and the regional governments have started addressing VOC emission issues with the help of stringent rules and regulations, which increases the demand for green products. This is also expected to fuel the demand for polymer emulsion.
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The polymer emulsion market size is projected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, at a CAGR of 7.6%. Factors such as high demand from building & construction, automotive & transportation, and industrial sectors in emerging economies and stringent governmental regulations such as REACH Europe and Clean Air Act are driving the polymer emulsion market.
The paints & coatings application is estimated to account for the largest share of the polymer emulsion market. Polymer emulsion is preferred for paints & coatings applications owing to its low VOC content. Moreover, polymer emulsion paints & coatings are not flammable, which reduces its storage & handling charges and fire insurance costs. The manufacturing process of polymer emulsion paints & coatings involve lower carbon footprint as they consume less energy. Other reasons for the use of polymer emulsion paints & coatings are low cost of handling and post painting cleanup cost.
Key questions addressed by the report
· What are the revenue pockets in the polymer emulsion market?
· What are the major strategies of leaders in the polymer emulsion market?
· What is the future product mix of the polymer emulsion market?
· Who are the major manufacturers of the polymer emulsion market?
· How is the market dynamics changing for different region?
DIC Corporation (Japan), DowDuPont (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Omnova Solutions Inc. (US) are the key players in the polymer emulsions market.
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