Increasing Economic Prosperity in Asia Pacific Drives Emulsion Polymers Market for Rich-Finish Paints and Coatings
Transparency Market Research has recently published a market study, titled “Emulsion Polymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”. The report on the global emulsion polymers market says that the market will rise at a CAGR of 6.10% from 2015 to 2023 to be valued at US$54.9 bn in 2023, increasing from its 2014 valuation of US$32.2 bn.
The report states that the market for emulsion polymers is primarily driven by demand from the paints and coatings segment, which in turn is led by the increasing building and construction activities and expanding automotive industry over the past few years.In the developing economies of China and India, a rising number of middle-class consumers with disposable incomes to spend is driving the demand for emulsion polymer-based paints and coatings for home improvements and automotive coatings.
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In addition, increasing use of adhesives in several end-use industries such as furniture, packaging, and automotive is contributing to the growth of the global emulsion polymers market. The development of biobased emulsion polymers, combined with other technological breakthroughs, will further accentuate the growth of this market.However, price volatility of raw materials used in the manufacture of emulsion polymers, combined with the stringent regulations pertaining to the use of raw materials such as styrene, butadiene, and urethane, will restrain the growth of the market during the forecast period.
The report segments the emulsion polymers market on the basis of product, end user, and geography. On the basis of product type, acrylics, vinyl acetate polymers, styrene-butadiene latex, and others (hybrid epoxy, silicone, etc.) are the segments of the emulsion polymers market Amongst all the products, in 2014, acrylics were the largest product segment, accounting for more than 35% of the overall market for emulsion polymers. This is largely attributed to the use of acrylic emulsions in paints and coatings, paper and paperboard, and adhesives.
In 2014, the styrene-butadiene latex product segment held the second largest market share in the global market for emulsion polymers due to its extensive usage in fiber processing and the paper and paperboard industry.However, it is the vinyl acetate polymer emulsion polymers that are expected to exhibit the fastest growth during the forecast period. Vinyl acetate polymers are mainly used as binders in paints and coatings and adhesives. Other than these, polyurethane was also recorded as one of the widely used emulsion polymers in 2014.
Browse the full Emulsion Polymers Market Report At : http://www.transparencymarketresearch.com/emulsion-polymer-market.html
By end use, paints and coatings, adhesives, paper and paperboard, woven and non-woven textiles, and others (leather etc.) are the main segments of the emulsion polymers market. Amongst all the end users, paints and coatings have been dominating the emulsion polymers market over the past few years. Lately, increasing consumer preference for waterborne coatings over oil-based coatings for health reasons has been consistently driving the demand for emulsion polymers for paints and coatings.
This report segments the global emulsion polymers market as follows:
Emulsion Polymers Market – Product Analysis
Vinyl acetate polymers
Others (Silicone, Hybrid Epoxy, etc.)
Emulsion Polymers Market – End-user Analysis
Paints & Coatings
Paper & Paperboard
Textiles & Non-woven
Others (Leather, etc.)
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