Polymer Emulsions Market share is projected to expand at a notable CAGR from 2021-2027. The growth is primarily driven by the increasing demand across the construction sector and shifting focus towards green buildings. In building & construction, emulsion polymers are utilized in paints & coatings, adhesives & sealants, and other applications.
Strict government and regulatory restrictions pertaining to VOC emissions will work in favor of the polymer emulsions industry expansion. Due to the changing regulatory landscape worldwide, the application of emulsion polymers in various sectors including automotive, construction, personal care, and others is increasing. Polymer emulsion are highly versatile and offer numerous advantages including low cost, minimal emissions, zero VOC, freeze-thaw stability, longer shelf life, and high sustainability in a wide range of coating formulations. On account of these benefits, they are used to serve the growing needs of diverse applications and end-use sectors.
Considering the applications, the adhesives segment is slated to capture a substantial share of the polymer emulsions market by the end of 2027. Adhesives are experiencing solid demand across automotive, aerospace, building & construction, and other key areas of applications. due to the rapid expansion of these sectors, the need for high-performance, durable, and efficient adhesive formulations has increased considerably. Polymer emulsions are widely used as the polymeric base for adhesives. They also act as binders in the production of adhesives for labels and tapes, household glue and wooden glue, and in the production of nonwovens such as feminine hygiene products and diapers.
In terms of the regional landscape, North America polymer emulsions industry size is likely to grow substantially over the next few years. The regional demand will be largely driven by the expanding automotive sector. The regional automakers are quickly ramping up auto production to meet the increasing consumer demand. For instance, in October 2020, General Motors Company announced it plans to expand electric vehicle production across the U.S. over the next few years. These factors along with the increasing number of building renovation activities and the growing demand for premium-quality beauty, cosmetics, and personal care products will augment the regional growth.
BASF SE, The Dow Chemical Company, Mallard Creek Polymers, AkzoNobel N.V., DIC Corporation, Celanese Corporation, Arkema, Interpolymer Co. Ltd. Clariant AG, Asahi Kasei Corporation, Halltech Inc, Gellner Industrial LLC, Resil Chemicals Pvt. Ltd., Momentive Performance Materials Holdings LLC, and Wacker Chemie AG are among the prominent manufacturers and suppliers of polymer emulsions.
Latest developments in polymer emulsions market:
Impact of COVID-19 on polymer emulsions industry trends
The coronavirus pandemic and the resulting disruptions have significantly affected various end-use sectors including automotive, building & construction, and others. This, in turn, has led to a declining production demand worldwide. Manufacturers were forced to temporarily stop production activities or operate at reduced capacity due to supply chain concerns, workforce shortages, and other problems. In addition, the global economic slowdown also created major challenges for chemicals manufacturers.