Transparency Market Research, in a report titled “Emulsion Polymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” indicates that the global emulsion polymers market is driven by the growing demand from the paints and coatings and adhesives industries. In 2014, the value of the emulsion polymers market was pegged at US$32.2 bn, which is projected to increase to US$54.9 bn by 2023 at a 6.10% CAGR therein.
Emulsion polymers are chemicals obtained after the polymerization and emulsification of monomers such as butadiene and styrene and several co-monomers such as vinyl acetate. These emulsion polymers are obtained in several forms such as liquid-liquid suspension, bulk, dispersion, and viscous solution. Some of the key characteristics of emulsion polymers are elasticity, better thermal stability, improved adhesion, and water resistance.
On the basis of end use, the emulsion polymers market is segmented into paper and paperboard, textiles, paints and coatings, adhesives, and others such as leather. In 2014, paints and coatings held the largest share in the emulsion polymers market owing mainly to the growing consumer preference for waterborne coatings instead of oil-based coatings. This choice has been driven by health reasons and drives the demand for emulsion polymers from the paints and coatings industry.
Geographically, the emulsion polymers market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. North America and Europe are projected to witness steady growth in the coming years, maintaining the pace they have been expanding at in the recent past. Latin America is anticipated to emerge as a strong contender in the emulsion polymers market by 2023. By volume, Asia Pacific and the Middle East and Africa are forecast to expand at the highest CAGR from 2015 to 2023 owing to the strong governmental support, favorable weather conditions, and availability of cheap labor in these two regions.
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The report reviews some of the top players competing in the global emulsion polymers market. These include The Dow Chemical Company, Synthomer Plc, Shanxi Sanwei Group Co, Ltd., OMNOVA Solutions Inc., Celanese Corporation, Batf Industry Co., Ltd., Asahi Kasei Chemicals Corporation, Arkema S.A., Wacker Chemie AG, DIC Corporation, Trinseo S.A., The Lubrizol Corporation, Koninklijke DSM N.V., BASF SE, and JSR Corporation. These players are studied based on attributes such as company overview, financial standing, product portfolio, business strategies, and recent developments.