Polymer Emulsions Market is further segregated based on end use, which include textile, building & construction, automotive, chemicals and others. The others end-use segment includes personal care & beauty products, fiber glass, arts & crafts, etc. Vinyl acetate-based polymer emulsions have properties such as low VOC, high viscosity and adhesion to common substrate. These properties of the product make it suitable for applications in paints & coatings, carpet backing, apparel and textile finishing processes.
Polymer Emulsions Market size is witnessing a decent growth and is set to follow a positive trend in the forecast spell. Increase in construction activities along with the rising demand of automobiles in the Asia Pacific region due to population growth are the prime reason to escalate the demand of polymer emulsions in the future. The extensive usage of the product as UV & water resistance agent in paints & coatings, which are further used in construction sector. Increase in demand of cosmetics, personal care products and apparels owing to improved standard of living coupled with rise in disposable income are the factors which will drive polymer emulsions market growth in future. Silicon polymer emulsions have high viscosity, and these provide excellent smoothness, spreadability, foaming and conditioning properties to cosmetic and personal care products.
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Supportive environmental regulations make polymer emulsions an ideal choice for paint & coating industries as they have low VOC (Volatile organic compound) content which makes the product eco-friendly. This in turn will positively influence the polymer emulsions industry growth in coming years. Increasing cost of raw materials; monomers such as styrene, butadiene and acrylics is the key restraining factor for polymer emulsions market growth by 2024.
Based on product type polymer emulsions market is segmented into styrene butadiene latex, acrylic polymers, vinyl acetate-based polymers, polyurethane dispersions, nitrile elastomers and others. The other products include silicon, hybrid epoxy, etc. Among these, acrylic polymers are used extensively in automotive, textile and other industries as back coating in carpet, upholstery fabric, pile fabric in window drapes, thinkers in paints. This is all due to its superior properties such as resistance to heat, chemical, UV light, stiffening on ageing etc. Wide usage of nitrile elastomers for applications involving resistance to oil, fuel, abrasion, water, heat and gas permeability due to its high elasticity, excellent chemical resistance and adhesion to challenging substrate.
Based on application, polymer emulsion market is categorized into five major categories which include paints, adhesives, paper coating, textile coatings. The minor applications include electrical insulation, sealants and oil and gas permeability resistant applications. Properties such as low VOC content of the product makes it perfect choice material for paint & coating industry. Polymer emulsions are used as a anti flammable agent in paints & coatings and also reduces the overall product handling cost.
Based on region, Asia Pacific constitute the largest share in polymer emulsion market due to significant growth in automotive and infrastructure sector. Supporting environmental regulations in Asian countries related to the product usage in various end use industries such as automotive, construction, etc will boost the polymer emulsions market demand in coming years. For an instance, China produces 24.72 million passenger cars in year 2017 and it is the world’s leading automobile manufacturer in world. India on the other hand is the fourth largest automobile market with 4.02 million of units manufactured in 2017. The above-mentioned trends will continue to follow and will drive the polymer emulsion market size subsequently in the forecasted timespan.
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The key players in the polymer emulsions market are DIC Corporation, Mallard Creek Polymers, BASF SE, Celanese Corporation, The Dow Chemical Company, AkzoNobel N.V., Wacker Chemie AG, Momentive Performance Materials Holdings LLC, Resil Chemicals Pvt. Ltd., Gellner Industrial LLC, Arkema, Clariant AG, Halltech Inc, Interpolymer Co. Ltd. and Asahi Kasei Corporation. Most of the companies are engaged in adopting inorganic growth strategies such as expansion in emerging markets through associations, acquisitions and mergers.
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