According to a new report published by Allied Market Research, titled, “Polymer Emulsions Market,” The polymer emulsions market was valued at $30.9 billion in 2022, and is estimated to reach $59.2 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
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“Increased demand from the building and construction industry is the primary factor driving the polymer emulsion market. In addition, the increased demand for bio-based polymer emulsion will further drive the polymer emulsion market. The Various end-use sectors such as textile, construction, paper, transportation, and consumer durables have a growing demand for polymer emulsion owing to shifts in lifestyles and a rise in disposable income. However, fluctuating prices of raw materials are a major hindrance to the polymer emulsion market.”
The process of combining two solvents with different densities is known as creating an emulsion. Polymer emulsion is the process of polymerization of emulsion in which monomer emulsification with water and surfactant is created. Acrylate ester and styrene are two of the most common monomers used in the process. In the manufacturing of chemicals such as adhesives, paints, offset inks, paper & paperboard, construction, coatings, textiles, and chemicals, specific polymers such as polymer emulsions are utilized.
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Polymer emulsions are extremely adaptable and offer numerous benefits, including minimum emissions, a longer shelf life, cheap cost, zero VOC, freeze-thaw stability, and great durability in a variety of coating compositions. As a result of these advantages, they are designed to fulfill the expanding demands of several applications and end-use industries. Aerospace, automotive, building & construction, and other important application areas are witnessing robust demand for adhesives.
The demand for high-performance, long-lasting, and effective adhesive formulations has expanded due to the rapid growth of these industries. Polymer emulsions are a common polymeric foundation for adhesives.
The major players operating in the global polymer emulsions market:
Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Clariant, DIC Corporation, Dow, Gellner Industrial LLC, Halltech Inc., Interpolymer Co. Ltd., Momentive, Resil Chemicals Pvt. Ltd., Synthomer PLC, The Lubrizol Corporation, and Wacker Chemie AG. Other players operating in the market are Akzo Nobel N.V., Mallard Creek Polymers, and Trinseo.
Key findings of the study:
- On the basis of type, the acrylic segment has garnered the highest share i.e. 38.3% is expected to grow at a CAGR of 7.3%, in terms of revenue, during the forecast period.
- Depending on the end-use industry, the building and construction industry is expected to grow at a CAGR of 6.7% and has a market share of around 30% in terms of revenue in 2022.
- By region, Asia-Pacific dominated the market with the highest revenue share in 2022.
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