The study provides a comprehensive view of the Emulsion Polymers Market by dividing it into segments
Emulsion polymers are chemicals obtained by polymerization of various monomers and co-monomers. Commercially available monomers such as styrene and butadiene and other co-monomers such as vinyl acetate are polymerized and further processed to form emulsions. These emulsion polymers are obtained in bulk, liquid-liquid suspension, viscous solution, and dispersion forms. Better thermal stability, elasticity, water resistance, and improved adhesion are some of the characteristics of emulsion polymers. Emulsion polymers are capable of altering the rheological properties, thus enhancing aesthetics as well as durability of the final product. Surfactants, stabilizers, and initiators are used in the manufacture of emulsion polymers to obtain the desired composition of the final product.
Emulsion polymers are primarily segmented into acrylics, styrene-butadiene latex, vinyl acetate polymers, polyurethane, and others. Acrylics was the largest product segment of the global emulsion polymers market in 2014. Acrylics are manufactured by polymerization of monomers such as ethyl acrylate, butyl acrylate, and methyl methacrylate. This product segment is widely used in the processing of acrylic emulsion paints, general purpose adhesives, and paper. Styrene-butadiene latex is another major emulsion polymer that is widely available in the global market. These emulsion polymers are generally used as pigment binders, which are required in paper & paperboard, non-woven textile, and adhesives industries. Vinyl acetate co-monomers are used in the manufacture of vinyl acetate polymers. In terms of volume, this is one of the fastest growing product segments.
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Paints & coatings, paper & paperboard, adhesives, and textile & non-woven are the major end-user segments of the global emulsion polymers market. Paints & coatings captured the largest market share among other end-users for emulsion polymers in 2014. Emulsion polymers are used in the manufacture of paints for providing matte finish to the substrate. Furthermore, emulsion polymers are employed as key ingredients in the processing of architectural and protective coatings, as they act as a barrier against heat, light, water, and corrosion. Adhesives was the second-largest while paper & paperboard was the third-largest end-users of emulsion polymers. These accounted for significant share of the global emulsion polymers market in 2014. Other end-users (such as leather industry) is anticipated to be one of the emerging segments that is likely to create further opportunities in the emulsion polymers market by the end of 2023.
Growth in the global paints & coatings industry is considered to be a major factor driving the emulsion polymers market. Emulsion polymers, especially acrylics and vinyl acetate polymers, are employed in the manufacture of various paints & coatings. Demand for paints & coatings is estimated to increase in developing regions such as Asia Pacific and Latin America, owing to rise in construction and infrastructure activities. Furthermore, increase in population and growth in disposable income of consumers are the key factors likely to boost the per capita consumption of paints & coatings. This, in turn, is anticipated to create higher demand for emulsion polymers during the forecast period. Adhesives industry is another major end-user of emulsion polymers. It is projected to propel the demand for emulsion polymers during the forecast period. Furthermore, adhesives is one of the fastest growing segments. Acrylics, polyurethane, and styrene-butadiene latex are widely consumed in the adhesives industry.
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In terms of volume, Middle East & Africa and Asia Pacific are estimated to depict the fastest growth rate during the forecast period. Availability of cheap labor, favorable weather conditions, and governmental support are some of the factors driving the emulsion polymers market in these regions. Latin America is anticipated to be an emerging region for emulsion polymers, while Europe and North America are projected to illustrate stable market growth by 2023.
Key global manufacturers of emulsion polymers include BASF SE, The Dow Chemical Company, Celanese Corporation, Trinseo S.A., Synthomer plc, and Arkema S.A
Table of Content
2. Executive Summary
3. Emulsion Polymers Market – Industry Analysis
4. Emulsion Polymers Market – Raw Material Analysis
5. Emulsion Polymers Market – Product Segment Analysis
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