Emulsion Polymers Market Future Demand, Segment and Analysis with forecast 2023
The global emulsion polymer market is predicted to rise steadily, as reported by Transparency Market Research (TMR). In 2014, the market was dominated by a few leading players, holding nearly 30.0% of the overall market. These companies are Arkema S.A., the Dow Chemical Company, Celanese Corporation, and BASF SE. Challenging such dominant market players are new market entrants with their focus on development of innovative ways to produce polymers. They are also predicted to involve in manufacture of bio-based products in order to diversify their product portfolio to thrive in the global market.
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Between 2015 and 2023, the forecast duration, the global emulsion polymers market is predicted to exhibit a healthy 6.1% CAGR. The market, with an estimated valuation of US$32.2 bn in 2014, at given CAGR, is anticipated to reach US$54.9 bn by the end of the forecast duration.
Asia Pacific is witnessing a boom in the construction industry, and the demand for home furnishing, improving infrastructure in rural as well as urban areas is expected to grow with more and more funds allocate to this industry.The region is expected to witness a CAGR of 5.3% in the coming years. Moreover, the steadily incrementing disposable incomes of the people in the region and their changing standards of living are providing rich opportunities for growth to the global emulsion polymers market.
Bio-Based Emulsion Polymers to Gain Traction in the Coming Years
The most commonly used emulsion polymers are oil-in-water emulsions. Essentially, emulsion polymers lead to swifter polymerization on account of their high molecular weight, and this factor is providing an impetus to the sales of the product. Swift uptake from the packaging, paperboard and paper, and automotive is expected to spur the global emulsion polymers market.
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Among the various products in the market, acrylics are quick-drying and offer excellent resistance to moisture and water. These properties, along with the durability, solid adhesion capacity, and strength of acrylics make them a superior quality emulsion paint. Acrylics are also seeing significant uptake due to the inclusion of cutting-edge innovations which have resulted in their ability to mix with water-based pigments and overprint varnishes.
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