Emulsion can be well-defined as the process of mixing of two liquids with difference in their densities (oil-water).Polymer emulsion is done by the process of emulsion polymerization in which the emulsification of a monomer is done in the presence of water and a surfactant, especially sodium stearate. The most common monomers used in the process of emulsion polymerization are styrene, acrylonitrile, butadiene, acrylate ester and methacrylate ester. Polymer emulsions are the specialty polymers which are used in the manufacturing of specialty chemicals such as adhesives, paints and coatings, offset inks, paper & paperboards, textiles, and construction chemicals. Polymer emulsion production process is an environmental friendly process which produces polymers with high molecular weight and very lean volatile organic compounds. Polyvinyl acetate based polymer emulsion products have a significant impact on the industries such as adhesives, paints and coatings.
Global Polymer Emulsion Market: Drivers & Restraints
The growth in global polymer emulsion market is primarily driven by factors such as the rise in the number of industrial applications of polymer emulsion such as paints and coatings, adhesives, paper and textile. From the economical and safety point of view the polymer emulsion based paintings and coatings are flame resistant and is likely to propel the global polymer emulsion market over the forecast period. The regulatory norms of the government for the protection of environment is another driving force which will boost the global polymer emulsion market by the end of 2025. Considering the fact that the polymer emulsion polymers comply with the regulatory norms set by the government, global polymer emulsion market is set to accelerate. Low capital requirement for setting up manufacturing units is one of the parameter driving the global polymer emulsion market. On the other hand, increasing cost of raw material is acting as a restraint in the growth of global polymer emulsion market throughout the forecast period.
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Global Polymer Emulsion Market: Segmentation
On the basis of product type, the global polymer emulsion market is segmented into
- Styrene Butadiene Latex
- Vinyl Acetate Polymers
- Polyurethane Dispersions
- Others (hybrid epoxy, silicon etc.)
On the basis of application,the global polymer emulsion market is segmented into
- Adhesive & Sealants
- Paints & Coatings
- Paper & Paperboard
On the basis of end use industry,the global polymer emulsion market is segmented into
- Building & Construction
- Textile & Coatings
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Global Polymer Emulsion Market: Region-wise Outlook
The global polymer emulsion market is geographically distributed into seven key regions which include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and Middle East & Africa. Increasing demand from the end use industries like building & construction, paints and coatings and automotive in emerging economies of Asia-Pacific regions like China, India and Indonesia will fuel the global polymer emulsion market throughout the forecast period. Among developed Western Europe countries such as Germany, painting and coating along with adhesive application had the highest consumption of polymer emulsion in 2014. Eastern Europe region for polymer emulsion is anticipated to grow at a healthy CAGR in the next few years. In North America, the U.S. dominated the global polymer emulsion market. Rapid growth in automotive industry coupled with construction sector in the Latin American region will favour the polymer emulsion market growth by the end of 2025. Middle East & Africa is anticipated to witness a steady CAGR in the global polymer emulsion market. The upsurge in the number of industries coupled with increasing initiative in infrastructure development in this regions is likely to fuel the growth of polymer emulsion market during the forecasted period.
Global Polymer Emulsion Market: Key Players
Key players in the global polymer emulsion market include 3M, The Dow Chemical Company, BASF SE, H.B. Fuller, Scott Bader Company Ltd., Celanese Corporation and Apotex industries Ltd amongst others.