Key industry participants include BASF, Asahi Kasei, Nuplex Industry, Clariant International, Celanese Corporation, Styron, Omnova Solutions, Styron Wacker Chemie AG, Synthomer and DIC International.
Water based emulsion polymer market is widely gaining acceptance in automobile industries over synthetic/solvent borne technologies owing to environmental benefits. This allows the manufactures to reduce VOC content emissions from their plants.
Global emulsion polymer market size was estimated at over 12 million tons in 2015 and is likely to witness gains at CAGR of more than 5% up to 2023. This market was valued at USD 29.8 billion in 2014.
Growth in major end-use industries such as automobiles and construction is likely to drive paints & coatings market demand which should translate in to a surge in emulsion polymer market size. Construction is the leading end-use industry for paints & coatings with increasing government initiatives to develop infrastructure projects in countries such as China, India, Indonesia and Thailand.
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Increase in adhesives demand for application such as paper & paperboard packaging which includes paper bags, folded cartoons and boxes is likely to drive emulsion polymers market. Global adhesives demand was close to 9.4 million tons in 2014. Adhesives based on emulsion polymers have certain benefits which include absence of flammable solvents which makes mixing & handling easier, it reduces fire risk & minimize special precaution steps required for solvent-borne adhesives use in ventilation areas.
SB latex, vinyl acetate polymers and acrylics are the key products widely used in the market. Acrylic based emulsions dominated the product segment by accounting approximately 40% of the total demand in 2013 and are likely witness highest gains with an estimated CAGR of more than 5% up to 2020. Factors such as water resistance and quick drying ability are likely to support its wide preference in the industry.
Vinyl acetate polymers are widely used in adhesive applications which are preferred for porous materials such as fabric, wood and paper. Acrylic products are likely to dominate the product segment and witness an increase in total share by 2020 owing to its highest growth rate.
Volatile prices of natural gas and crude oil to are likely to affect operating expenses and overall emulsion polymer market price trend and industrial profitability. Stringent regulations owing to environmental concerns from REACH and EPA are likely to shift focus towards manufacturing bio based products.
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Bio-based emulsion polymers are similar in structure & chemical properties in comparison to synthetic based and have renewable content of 20-70% by volume. Development of 100% renewable based product would positively influence bio emulsion polymer market growth and also be used as drop-in substitutes to conventional counterparts. These were first used in 2008 for paper coating applications in the form of binders to match performance of synthetic binders with up to 35% replacement. These bio based binders have witnessed to impart rheological, coating structure & holdout and optical properties for wetting drying operations.
This latest Synthetic and Bio Emulsion Polymer Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Synthetic and Bio Emulsion Polymer industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Synthetic and Bio Emulsion Polymer Market Size, Potential Industry Outlook Report, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023.” in detail along with the table of contents:
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Key Insights in this Report
Global Synthetic and Bio Emulsion Polymer Market size & forecast by product & application
Growth drivers, pitfalls & industry challenges
Key Synthetic and Bio Emulsion Polymer Market growth opportunities & emerging business models
Competitive benchmarking with market share analysis and company profiles
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