PUBLISHER: Allied Market Research | PRODUCT CODE: 1365634
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365634
According to a new report published by Allied Market Research, titled, "Polymer Emulsions Market," The polymer emulsions market was valued at $30.9 billion in 2022, and is estimated to reach $59.2 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Emulsion polymers are radical polymers that begin with an emulsion phase consisting of water, monomer, and surfactant. The most frequent type of emulsion is an oil-in-water emulsion. In accordance with their structure and manner of polymerization, there are two types of emulsion polymers: bio-based and synthetic. Emulsion polymers have a large molecular weight, undergo polymerization rapidly, and are eco-friendly. Emulsion polymers are utilized in sheets, paper bags, boxes, and cartons within the paper industry. It is utilized as binding agent in adhesives, such as bands, stickers, glue, windings, and hygiene items. These end-user categories significantly contribute to the expansion of the polymer emulsion business.
The market for emulsion polymers is expanding rapidly due to the rise in demand for polymers. This, in turn, results in an increase in polymer production. Considering the rise in urbanization, the constant consumption of consumable and usable polymers led to an expansion in their market output. The rapid shift in lifestyles of people has also led to the belief that the usage of polymers in various industrial domains is expected to rise.
In addition, the demand for bio-based polymer emulsion was shown to increase at a rapid rate. The health issues associated with chronic and respiratory disorders caused a market boom. Various end-use sectors such as textile, construction, paper, transportation, and consumer durables have a growth in demand for polymer emulsion due to factors such as increased urbanization, shift in lifestyles, and rise in disposable income. In these end-use industries, the use of polymer emulsion for applications such as paints and coatings, adhesives and sealants, and others, is on the rise.
The paint and coatings industry are projected to be the largest consumer of polymer emulsion. Paints and coatings are utilized extensively in numerous industries, such as packaging, automotive, and construction. In the building and construction industry, emulsion polymers are used to produce high scrub interior paints, wet adhesion, elastomeric coatings, deck and trim paints, stains, architectural paints, and exterior paints with high durability.
The paint and coatings industry has experienced increased demand for polymer emulsion in recent years. This surge in demand is attributed to several factors, including regulatory changes, environmental concerns, and the advantages offered by polymer emulsions in terms of performance and application. In addition, the performance properties of polymer emulsion-based coatings have contributed to their increased adoption. Polymer emulsions provide excellent adhesion, durability, and resistance to abrasion, chemicals, and weathering. Moreover, they offer good color retention, gloss, and flexibility. These properties make polymer emulsion-based coatings suitable for a wide range of applications, including architectural coatings, industrial coatings, automotive coatings, and protective coatings.
Another factor that drives the demand is the ease of application and versatility offered by polymer emulsions. They are anticipated to be applied using conventional techniques such as brushing, rolling, or spraying, making them suitable for various application methods. The ability of polymer emulsion-based coatings to dry quickly, with minimal odor and no release of hazardous fumes, enhances their appeal to both professional painters and do-it-yourself consumers. Furthermore, the aesthetics and decorative effects achievable with polymer emulsion-based paints have contributed to their popularity.
These coatings offer a wide range of finishes, including matte, satin, and glossy, and are expected to be tinted to a broad spectrum of colors. They provide excellent coverage and hiding power, enabling the creation of visually appealing and high-quality finishes on walls, ceilings, and other surfaces.
Furthermore, the advancements in polymer chemistry and formulation techniques have expanded the range of polymer emulsions available in the market. Manufacturers now offer customized polymer emulsion products with tailored properties, such as improved washability, enhanced stain resistance, or specific performance attributes for specialized applications. This flexibility and versatility have further boosted the demand for polymer emulsion in the paint and coatings industry.
The increase in competition and environmental challenges that producers must address to provide high-quality, safe, and environmentally acceptable materials are factors that limit market expansion. The global polymer emulsions market is segmented into type, end-use industry, and region. On the basis of type, the market is classified into acrylic, vinyl acetate polymer emulsion, SB latex and others. On the basis of end-use industry, it is categorized into building & construction, automotive, textile, paints & coatings, adhesives & sealants, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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