According to the new market research report "Polymer Emulsion Market by Type (Acrylic Polymer Emulsion, Vinyl Acetate Polymer Emulsion, SB Latex), Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard), End-Use Industry, Region - Global Forecast To 2025", published by MarketsandMarkets™, the global Polymer Emulsion Market size is projected to grow from an estimated value of USD 25.2 billion in 2020 to USD 38.1 billion by 2025, at a CAGR of 8.6% during the forecast period. The growth of the market is driven mainly by the increasing demand from growing end-use industries in emerging markets and stringent regulations regarding VOC emission.

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Browse in-depth TOC on "Polymer Emulsion Market"

96 – Market Data Tables
46 – Figures
247 – Pages

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Acrylics segment is estimated to dominate the overall polymer emulsion market

The acrylics segment accounts for the largest share of the overall polymer emulsion market. The market for this segment is also witnessing the highest growth rate. Acrylic polymer emulsion is used widely in various applications due to its properties, such as low VOC emission and excellent durability. It is also preferred in multiple end-use applications due to its versatility. Acrylics are used to prepare polymers with rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic properties. They are transparent, have resistance to breakage, provide excellent finish gloss, improved adhesion to non-porous surfaces, and flow and stability. They are also commonly known as polyacrylates.

Paints & coatings is the largest application in the polymer emulsion market

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.

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Building & construction is the largest end-use industry in polymer emulsion market

The building & construction end-use industry is the largest consumer of polymer emulsion. The growth of the market in this segment is attributed to the high demand for polymer emulsion in architectural paints, deck & trim paints, and elastomeric wall coatings, among others. Excellent durability and high water resistance drive its demand in the end-use industries.

APAC is projected to be the largest polymer emulsion market

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.

Polymer Emulsion Market Key Players

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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The Dow Chemical Company is the largest player in the polymer emulsion market. The company serves various high-growth end-markets, offering an extensive product portfolio that includes all types of polymer emulsions. The company is backward integrated, offering waterborne resins, surfactants, binders, and other products. The company adopted both organic and inorganic strategies, including expansion and agreement between 2016 and 2019. For instance, in 2018, the company opened a regional sales center located in Toronto, Canada, to address the demand for Canadian customers. These strategies have helped the company to strengthen its position in the North American market.

BASF SE is the second-largest player in the polymer emulsions market. The company offers a wide range of polymer emulsions as well as raw materials such as surfactants and binders which are used to manufacture polymer emulsion. In 2018, the company expanded its production facilities of Joncryl water-based emulsion at its Ludwigshafen site. This has strengthened the company’s position as one of the leading manufacturers of water-based resin as well as emulsion polymers products.

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.
3. In September 2019, Synthomer plc expanded acrylic dispersion production capacity by 30%, located at Worms, Germany. The expanded production capacity is 36,000 tons with a fully automated facility. This expansion strengthens the company’s position in end-use industries such as paints and coatings, construction chemicals, adhesives and sealants, and technical textiles.
4. In April 2020, Synthomer plc acquired Omnova Solutions Inc., a specialty chemical company and a major supplier of water-based polymer solutions. With this acquisition, the company would be able to strengthen the polymer emulsion business and have strong operational capabilities across the globe.
5. In May 2017, The Dow Chemical Company signed two agreements to advance Dow’s strategic innovation agenda in the Kingdom of Saudi Arabia. The agreements include the construction of a state-of-the-art manufacturing facility to manufacture a range of water-treatment and coatings applications. The new facility will serve the country’s need with an innovative range of acrylic-based polymers for architectural and industrial coatings as well as detergent and water-treatment applications.
6. In February 2019, Wacker Chemie AG launched Vinneva, a polymer binder based on vinyl acetate-ethylene copolymers for application in the construction industry. These polymer binders were designed to make bitumen emulsion more flexible and more resistant and reduce the tendency to form cracks.