by Polymer emulsions are polymer colloids where water is the dispersed medium and liquids or solid polymers form the dispersed phase. They are primarily used in the paints and coatings industry for applications such as decorative coatings, wood finishes, anti-corrosion coatings and automotive coatings. The global polymer emulsion market is driven by the increasing demand for paints and coatings from the construction industry for new builds as well as renovations and maintenance works.
Polymer emulsions provide numerous benefits in paints and coatings such as high durability, flexibility, water resistance and UV protection. They can be formulated for both interior and exterior applications.
The global polymer emulsion market is estimated to be valued at US$ 33.18 billion in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
One of the drivers influencing the growth of the polymer emulsion market is the rising demand from the paints and coatings industry. As highlighted in the heading, the increasing construction activities across both commercial and residential sectors are boosting the demand for paints and coatings for decorating as well as protecting purposes. Polymer emulsions are largely used in formulating paints and coatings owing to their ability to provide properties like durability, flexibility and resistance to environmental factors. Moreover, polymer emulsions also help paints and coatings manufacturers comply with stringent VOCs regulations.
The market is also being driven by rapid urbanization in developing regions of Asia Pacific and South America. This is leading to rise in new infrastructure projects and renovations of existing buildings and premises. Polymer emulsions cater well to the technical requirements of various paints and coatings used in these applications thereby sustaining their demand growth.
Segment Analysis
The polymer emulsion market is segmented into acrylic, polyurethane, vinyl acetate, styrene-butadiene latex and others. The acrylic segment currently holds the largest share accounting for more than 35% of the overall polymer emulsion market owing to its wide usage in paints and coatings, construction applications, paper, textiles and adhesives. It possesses excellent film forming ability, adhesion and water resistance properties which make it suitable for several applications.
PEST Analysis
Political: Chemical regulations promoting sustainability and biodegradability are positively impacting the polymer emulsion market.
Economic: Increasing construction activities in developing nations along with growing paper packaging industry are fueling market growth. Social: Rising population and improving living standards are increasing demand for paints, coatings and adhesives made from polymer emulsions.
Technological: Advancements in emulsion polymerization techniques have enhanced product properties and enabled development of specialty emulsion polymers.
Key Takeaways
The global Polymer Emulsion Market Size is expected to witness high growth over the forecast period. The global polymer emulsion market is estimated to be valued at US$ 33.18 billion in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region accounts for around 35% of the global polymer emulsion market share. Growing construction activities along with increasing GDP and disposable income are driving the demand for paints, coatings and adhesives in the region. Furthermore, China represents largest producer and consumer of polymer emulsions in Asia Pacific owing to presence of vast manufacturing sector and rapid industrialization.
Key players
Key players operating in the polymer emulsion market include VIVUS Inc., Pfizer Inc., Novo Nordisk, Bayer AG, F Hoffmann-La Roche, Glaxosmithkline, Arena Pharmaceuticals, Eisai Co. Ltd., Takeda Pharmaceutical Company, and Nalpropion Pharmaceuticals Inc. VIVUS Inc. specializes in polymer emulsion formulations for pharmaceutical applications. Pfizer Inc. offers wide range of polymer emulsions for paints, coatings and adhesives.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
