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Rising demand for bio-based polymer emulsion drives the Polymer Emulsion Market

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Rising demand for bio-based polymer emulsion drives the Polymer Emulsion Market

March 16
20:51 2021
Rising demand for bio-based polymer emulsion drives the Polymer Emulsion Market

Browse 96 market data Tables and 46 Figures spread through 247 Pages and in-depth TOC on “Polymer Emulsion Market”
Polymer Emulsion Market by Type (Acrylics, Vinyl Acetate Polymers, SB Latex) Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard) End Use Industry (Buildings & Construction, Automotive, Textile & Coatings)

The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%. The market growth is driven majorly by the increasing demand from growing end-use industries in emerging countries, stringent regulations regarding VOC emission, and rising awareness about green buildings.

Rising environmental concerns and increasing competition amongst market players have encouraged manufacturers to continuously make technological advancement and increase the use of bio-based or green products. This is increasing the demand for lower VOC products, which uses renewable materials as their feedstock.

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Recent Developments

1. In June 2020, Celanese Corporation signed an agreement with Megafarma, an Azelis company, to supply emulsion polymers in Mexico.

2. In January 2020, Celanese Corporation announced plans to expand the emulsion polymers business globally. Under this expansion, Celanese started the debottlenecking of VAE production facilities in Nanjing, China, and Geleen, Netherlands. Further, the company announced plans to expand the VAE production facility at Nanjing by 65,000 metric tons by 2022 and the Geleen facility by 50,000 metric tons per annum by 2023.

The paints & coatings segment is the largest consumer of polymer emulsion. The growth of the market is attributed to the high demand in industries, such as construction and automotive. Polymer emulsion is used widely in paints & coatings as its manufacturing process has a lower carbon footprint. The high VOC content of solvent-based products and the implementation of government regulations regarding air pollution control has stimulated the development of low VOC paints & coatings. This increased the demand for water-based paints & coatings, which in turn, drive the growth of polymer emulsions in the paints & coatings segment.

APAC is the largest and fastest-growing market for polymer emulsion. The region is witnessing growth in the polymer emulsion market because of the rapid expansion of building & construction, consumer durables, and transportation sectors. The manufacturers are attracted to the region as skilled labor required for the operation of manufacturing units is available at lower wages. The presence of major polymer emulsion manufacturers and stringent government regulation related to VOC emission are major factors supporting the growth of polymer emulsion in the region.

DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan) are the major players in the polymer emulsion market.

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