Global
Polymer
Emulsion Market demand is expected to grow at a steady rate mainly on
account of strong demand from paints and coating industry. Increasing demand
from end use industries is expected to drive the market growth over the
forecast period. Paints, coating, paper, paperboards and adhesives are the key
products where polymer emulsion is used. Paint and coatings hold the majority
share owing to the high demand of acrylics.
Paint
and coating are vastly used in construction. Recent trends have shown that the
consumption of paints and coating in emerging economies such as India and China
has increased considerably owing to infrastructure development initiatives. The
global polymer emulsion market volume was estimated to be around 15000 kilo
tons in 2015. The automotive coating has led has significantly contributed to
the growing demand of adhesives which in turn has resulted in propelling the
growth of polymer emulsion. Government regulations have forced manufacturing
companies to undertake research and development projects for developing safe
products. Synthetic agents are being replaced by water based polymers owing to
their superior environment benefits. Regulatory agencies including REACH and
EPA guide the manufacturing organizations regarding the best practices. They
have also set standards in accordance with the clean air act associated with
the emission of harmful chemicals which include styrene, toluene, methyl
chloride and acrylonitrile.
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The
major raw material used in the production process are natural gas and crude
oil. Therefore, polymer industries are dependent on the oil and gas industry.
Any fluctuation in the raw material prices affects the profitability and expenses
of manufacturing. The increase in raw material prices fluctuates the demand of
final end product. Such volatile raw material price is a major challenge for
the polymer emulsion market. Consumers have been shifting towards bio based
products in recent years on account of stringent regulations and environmental
concerns. Emerging economies including Brazil, China and India are expected to
provide great opportunities over the forecast period. New product development
through research and innovation programs offer bright prospects for the
industry growth in near future.
 |
| Polymer Emulsion Market |
Product
segmentation includes acrylics, vinyl acetate polymer, and styrene-butadiene
latex. Acrylics segment has been dominating the market with holding
approximately half of the market share. They have superior water resistance and
show quick drying behavior. Such favorable characteristics are expected to
further drive the demand of acrylics in near future. Vinyl acetate is expected
to show an increasing growth over the forecast period. They are widely used in
the manufacturing of adhesives which are further used in the manufacturing of
porous material such as paper, fabric, and wood.
The
industry is segmented on the basis of geography as into North America (the
U.S., Canada, and Mexico), APAC (China, Japan, and India), Europe (Germany, the
U.K., and France), Middle East and Africa and Latin America.Regional demand is
dominated by Asia Pacific and the trend is expected to continue over the
forecast period. Major factors contributing the regional dominance is urbanization,
massive construction and rapid industrialization. Regional demand is followed
by North America and Europe and is expected to witness a moderate growth in the
near future. Polymers are mostly used in industrial applications in Europe and
North America. South America and Africa are projected to observe a stable
growth in the near future mainly on account of paper and wood industries.
The
polymer emulsion market is oligopolistic in nature and highly fragmented. Major
players dominate the industry and supply goods to meet around one-third of the
demand. The manufacturers are taking various steps to increase their production
capacity. As the final product price is highly dependent on the raw material
price, companies go for cost optimization through economies of scale and
achieving efficiency. Low-cost leadership approach is a common trend seen in
manufacturing companies. Key players in the industry include Nuplex industry,
Synthomer, STI polymer, Wacker Chemie AG, BASF, Omnova Solutions, Styron, Clariant
International Limited, and DIC corporation.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Polymer Emulsion in these regions, from 2013 to
2025 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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1 comment:
Good post, market research is very professional and accurate, thank the blogger for sharing
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