May 11, 2022 11:22 ET | Source: Facts & Factors Facts & Factors
NEW YORK, US, May 11, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Emulsion Polymers Market By Product (Vinyl Acetate Polymers, Styrene-Butadiene Latex, Acrylics, and Others), By Application (Adhesives, Paper & Paperboard Coatings, Paints & Coatings, and Others), and By Region-Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028” in its research database.
“According to the latest research study, the demand of global Emulsion Polymers Market size & share was witnessed USD 28.8 billion in 2021and it is expected to surpass around USD 49.2 billion Mark, by 2028, at a compound annual growth rate (CAGR) of about 10.3% during the forecast period 2022 to 2028.”
What are Emulsion Polymers? How big is the Emulsion Polymers Industry?
A polymer emulsion is a liquid suspension of tiny polymers that act as emulsifiers and stabilizers. It is a colloidal dispersion of separate polymer particles in a medium such as water, with a usual particle diameter of 0.01–1.0 microns. Adhesives, drug delivery systems, inks, gloves, paints, floor polish, films, coatings, and cosmetics are just a few of the applications for emulsion polymers.
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Global Emulsion Polymers Market: Dynamics
Rising consumer awareness of painting concepts and surface coatings, as well as a rising prevalence in interior decor, the global emulsion polymer market is expanding. Another factor driving the market growth is the pervasive use of color and coating blends in the automotive industry. Additionally, customer preferences for environmentally friendly materials that provide a clean and safe workplace have increased the global source of water-based polymer emulsion.
An increasing population is a result of global large-scale urbanization, which tends to increase the demand for housing and, as a result, the demand for end-user goods. However, manufacturers' intense competition and environmental concerns, which force them to produce high-quality, shielded, and environmentally friendly components, are factors weighing on market growth.
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Emulsion Polymers Market: COVID-19 Impact Analysis
Due to the COVID-19 outbreak, almost every country has strengthened travel restrictions. A rise in sick individuals and a thorough lockdown of major industrial hubs has put an end to manufacturing since March 2020. Workers have been quarantined or returned home to prevent the spread of the coronavirus. Construction, automotive, chemical, textile, and coatings companies have had to close due to supply chain concerns. Due to the current economic climate and declining earnings, the demand for residential development is low.
Uncertainty about the future has reduced demand for cars. Chemical producers have either shut down or reduced capacity. Companies are working towards market recovery when the lockdown is lifted, and sales are expected to progressively increase as the restriction is lifted.
Emulsion Polymers Market: Segmentation Analysis
The global emulsion polymers market is segmented on the basis of product, application, and region.
By product, the market is divided into vinyl acetate polymers, styrene-butadiene latex, acrylics, and others. Acrylics are anticipated to be the fastest-growing segment in the coming years due to increased product demand from the superabsorbent polymers and adhesives & sealants segments.
By application, the market is divided into adhesives, paper & paperboard coatings, paints & coatings, and others. Paints & coatings seem to have the largest market share and are expected to maintain their dominance throughout the forecast period.
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Some of the main competitors dominating the global emulsion polymers market include -
Key Insights from Primary Research:
Key questions answered in this report:
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Asia-Pacific is the largest and fastest-growing region in the global polymer emulsion market. The market is expanding due to the rapid expansion of the building construction, durable goods, and transport sectors. Manufacturers are drawn to the region because the skilled labor needed to operate manufacturing units is available at low wages.
The number of large polymer emulsion manufacturers, as well as stringent government regulations regarding VOC emissions, are key factors supporting the region's polymer emulsion growth.
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The global emulsion polymers market is segmented as follows:
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