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| Global Polymer Emulsion Market Size |
Polymer emulsions, also referred as latex, are water-born polymers emulsion
created by polymerization of monomers in an aqueous environment in the presence
of emulsifiers and stabilizers. Polymer emulsions find extensive application in
paper and paperboard coatings, paints and coatings, adhesives & sealants,
and others, owing to the advantages offered such as easy application, good
performance characteristics, cost effectiveness, fast drying properties. The
need for polymer emulsions from the paints and coatings industry is increasing
owing to the rising construction activities and infrastructure projects across
the globe.
The global polymer emulsion market is estimated to be valued at US$ 38.23 Bn in 2024 and is expected to
exhibit a CAGR of 16% over the
forecast period 2024 to 2030. Key Takeaways:
Key players operating in the polymer emulsion market are 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., among others. These players are focusing on capacity
expansion, new product launches, and mergers & acquisitions to strengthen
their foothold in the market.
The key opportunities in the Global
Polymer Emulsion Market Size include rising demand from applications
such as paints & coatings, adhesives, paper & paperboard coatings. The
paints & coatings application is estimated to witness the highest growth on
account of booming construction sector. Asia Pacific paints & coatings
market is anticipated to spearhead the global demand for polymer emulsions over
the forecast period.
Globally, the polymer emulsion market is anticipated to witness high growth in
Asia Pacific region primarily driven by China, India, and Japan. This can be
attributed to the expanding construction industry and rapidly growing
manufacturing sector in the region. Moreover, the presence of emerging
economies coupled with growing infrastructure investment are estimated to fuel
the demand for polymer emulsions over the next decade.
Market Drivers:
- Rising construction activities as well as infrastructure development projects
across the globe is anticipated to drive the demand for polymer emulsions from
paints and coatings application over the forecast period.
- Growing demand from paper and paperboard coatings application on account of
expanding packaging industry will positively influence the polymer emulsion
market.
Market Restraints:
- Volatility in raw material prices may hamper the profitability of polymer
emulsion manufacturers.
- Stringent environmental regulations regarding VOC emissions during
manufacturing may restrict the market growth to some extent.
Segment Analysis
Water-based polymer emulsion products account for a major share in the global
polymer emulsion market owing to their low volatile organic compound (VOC)
content, which provides lower emissions. These environment-friendly water-based
polymer emulsions are extensively used in paints and coatings applications as
they contain negligible or no solvent. Also, advancement in manufacturing
processes has led to development of newer high-performance water-based polymer
emulsions which are replacing solvent-based polymer emulsions in various
industrial applications.
Global Analysis
North America dominates the global polymer emulsion market and accounts for
around one-third share, primarily driven by strong demand from paints and
coatings industry in the US and Canada. The market in the region is anticipated
to witness steady growth during the forecast period due to strict environmental
regulations regarding VOC emissions. On the other hand, Asia Pacific polymer
emulsion market is projected to expand at the fastest pace owing to rising
construction activities and increasing automotive production in major economies
like China and India. Rapid industrialization along with infrastructure
development projects underway are fueling the demand for polymer emulsions in
the region.
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