Global Emulsion Polymer Market Size, Share, Growth Analysis, By Type(Acrylics, Vinyl Acetate Polymer), By Application(Paints & Coatings, Adhesives & Sealants), By End Use(Buildings & Construction, Automotive), By Product(Polyethylene, Polypropylene), By Application(Paints & Coatings, Adhesives & Sealants), By End Use(Buildings & Construction, Automotive) - Industry Forecast 2024-2031

Report ID: SQMIG15A2136 | Region: Global | Published Date: February, 2024
Pages: 280 | Tables: 175 | Figures: 79

Global Emulsion Polymer Market Dynamics

Emulsion Polymer Market Driver

The architectural paints and coatings market is expected to grow significantly in 2021, owing primarily to the increased demand for protective and durable paints. Rapid urbanization and rising consumer disposable income are also expected to drive market growth during the forecast period. This pattern is expected to increase demand for emulsion products. Surging demand for high-quality color paints, combined with increased residential infrastructure development, particularly in emerging economies, is expected to boost industry growth over the forecast period.
Rising end-user awareness about the environmental impact of solvent-based products, combined with favorable regulatory trends, is expected to drive market demand during the forecast period. The shift in the trend toward environmentally friendly paints and coatings is expected to aid in the development of low VOC content or VOC-free paints and coatings. This trend has fuelled emulsion polymerization production in the global market. Using this method, industry operators can create high molecular weight polymers with low viscosity. Furthermore, rising consumer awareness of green building is expected to drive global demand over the forecast period.

Emulsion Polymer Market Restraint

Some raw materials used by industry operators are derived from petrochemical-based feedstocks, such as crude oil and natural gas, which are subject to rapid and significant price volatility. These price fluctuations could be exacerbated by global macroeconomic factors, as well as supply and demand factors, such as OPEC production quotas and increased global demand for petroleum-based products. Significant changes in the cost and availability of raw materials may have a negative impact on industry operations.

Global Emulsion Polymer Market Report Snapshots

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Emulsion Polymer Market size was valued at USD 27.23 billion in 2019 and is poised to grow from USD 29.47 billion in 2023 to USD 54.12 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

The global emulsion polymer market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. Major players are including Celanese Corporation, BASF SE, the Dow Chemical Company, and Arkema Co. 'Celanese Corporation (U.S)', 'DIC Corporation (Japan)', 'Omnova Solutions Inc. (U.S)', 'AkzoNobel', 'Arkema', 'BASF SE', 'Clariant AG', 'Dow Chemical Company', 'Eastman Chemical Company', 'Evonik Industries AG', 'Henkel AG & Co. KGaA', 'Kuraray Co., Ltd.', 'Lubrizol Corporation', 'Nippon Shokubai Co., Ltd.', 'PPG Industries, Inc.', 'Synthomer plc', 'The Dow Chemical Company', 'Wacker Chemie AG', 'Michelman, Inc.', 'ZEON Corporation'

The architectural paints and coatings market is expected to grow significantly in 2021, owing primarily to the increased demand for protective and durable paints. Rapid urbanization and rising consumer disposable income are also expected to drive market growth during the forecast period. This pattern is expected to increase demand for emulsion products. Surging demand for high-quality color paints, combined with increased residential infrastructure development, particularly in emerging economies, is expected to boost industry growth over the forecast period.

Water and bio-based polymer emulsions are expected to present enormous development opportunities. Consumer awareness of green building is expected to drive global demand over the forecast period. Increased awareness among end-use industries about the environmental impact of solvent-based products, combined with favorable regulatory trends, is expected to drive the market during the forecast period.

In 2021, Asia Pacific had the largest Emulsion Polymers market share. Moreover, the availability of low-cost raw materials, land, equipment, and skilled labor are some of the factors driving the growth of the Asia Pacific emulsion industry. The rapidly expanding Chinese and Indian markets are the primary drivers of this significant growth. Water-borne coatings and adhesives are replacing solvent-based coatings and adhesives due to their environmental friendliness. As a result, the market is expected to expand significantly during the forecast period. The Asia Pacific is expected to remain the largest consumer due to increased construction spending, a growing middle-class population, a better lifestyle, and increased spending power.

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Global Emulsion Polymer Market Dynamics

Global Emulsion Polymer Market Report Snapshots

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