Synthetic & Bio Emulsion Polymers Market worth over $40bn by 2024
Published Date: August 28, 2017 Authors: Kunal Ahuja, Sonal Singh
Synthetic and Bio Emulsion Polymers Market size is set to exceed USD 40 billion by 2024; according to a new research report by Global Market Insights, Inc.
Positive application outlook in adhesives, paints & coatings and paper & paper board coatings industry may stimulate market emulsion polymer market growth. Polymer emulsions have low VoCs compared to solvent-borne polymers and results in strong application in end-use industries such as automobile, construction and consumer durables.
Supporting regulatory guidelines by REACH & EPA regarding usage of environment friendly products along with increasing awareness regarding the concept of green buildings will promote product demand. Better shelf life & recyclability, superior standards and easy handling & usage over its counterparts, may stimulate emulsion polymers market size.
Vinyl acetate emulsion polymer market size may should surpass 2.8 million tons at the end of projected timeframe. It is widely used in adhesives owing to its characteristics which includes film forming and binding. Vinyl acetate is used in textiles, on-site construction, paperboard packing and book binding, thereby enhancing product demand.
Styrene and acrylics are major petrochemical raw materials for manufacturing synthetic based products. These are produced as by-products of crude oil and natural gas. Cost concern regarding volatile petrochemical oil index may hinder emulsion polymers price trend.
Browse key industry insights spread across 180 pages with 162 market data tables & 11 figures & charts from the report, “Synthetic and Bio Emulsion Polymers Market Size By Product (Vinyl Acetate Polymers, Acrylics, Styrene-Butadiene Latex), By Application (Paper & Paperboard Coatings, Paints & Coatings, Adhesives), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, Indonesia, Australia, South Korea, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, South Africa), Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
SB latex is extensively used in carpet black-coatings, paperboard coatings and pigmented/coated paper as it improves brightness and printing performance. Increasing application potential in paper and paperboard coatings in the U.S and China will stimulate emulsion polymers market size.
Acrylic emulsion polymers market size should exceed USD 17 billion by the end of projected period due to its usage in adhesives, personal care, paper coatings, and textile industries. Increasing acrylics usage owing to key properties which includes water resistance and fast drying ability along with technological innovations in this segment will drive product demand. Presence of large scale automotive manufacturers in Europe along with stringent regulations implemented by REACH will boost product demand.
India emulsion polymers market size may witness significant gains at over 7% by 2024. Rapid growth of construction, consumer durables and automotive industry along with strong base for chemical industries will drive product demand. Increasing investments to improve its existing portfolio and launch new products by various companies will boost industry growth.
Synthetic emulsion polymers demand from paint & coatings applications may surpass USD 16 billion by the end of projected timespan. It is widely used owing to its low VoC content, making it environment friendly product. The manufacturing process has lower carbon footprint as it consumes less energy. Low operational cost and positive application scope in marine, construction, aviation and automotive will boost product demand.
Bio emulsion polymers have same structure and chemical properties as that of synthetic counterparts. It is manufactured from 100% renewable resources. EPA and REACH are implementing rules regarding the use of eco-friendly products to restrict toxic emissions.
Global emulsion polymers market share is competitive and is moderately consolidated. Some of the industry participants includes BASF, Lubrizol Corporation, Clariant, Cytec Industries, DIC Corporation, Arkema, Nuplex Industries, Trinseo, Omnova Solutions, DOW Chemical and Wacker Chemie, Companies are engaged in production of environment friendly products to gain competitive advantage, thereby enhancing industry growth.
Synthetic and bio emulsion polymers market research report include in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2013 to 2024, for the following segments:
Emulsion Polymers Market By Product
- Vinyl acetate polymers
- Styrene-butadiene latex
Emulsion Polymers Market By Application
- Paper & paperboard coatings
- Paints & coatings
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa