Polymer Emulsion Market size is anticipated to reach USD 50 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of polymer emulsion was USD 40 Billion. The primary growth factor of the market is its use in multiple industries across the world, such as automotive, construction, and paper. The growth and revenue generated by these industries directly affect market growth. For instance, in 2019, the construction industry in the U.S. generated a revenue of approximately USD 2 trillion.
With the increasing rate of urbanization, the need for construction of the building has been emerging from the burgeoning populations of several countries. This trend is creating higher demands for labor thus, the high employment rate in the construction industry is expected to increase the adoption rate of polymer emulsion in the assessment period. As of 2021, there were almost 10 million construction workers in the United States, approximately 8% of the total working population. Besides this, higher sales of automobiles are expected to propel the growth of the market. In 2021, almost 3 million passenger automobiles were sold in the United States, while 56 million were sold in China. Furthermore, the growing paint industry and higher spending, and the research and development sector are expected to boost the market’s growth.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 40 Billion |
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Forecast Year Market Size (2033) |
~ USD 50 Billion |
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Regional Scope |
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Application (Paints & Coatings, Adhesives & Sealants, Printing Inks)
The global polymer emulsion market is segmented and analyzed for demand and supply by application into paints & coatings, adhesives & sealants, printing inks, and others. Out of these, the paints and coatings segment is anticipated to garner the highest revenue by 2033, owing to the expansion of the paints & coating sector. As per recent estimates, the volume of the paints & coatings industry stood at around 10 billion gallons in 2019 in the United States. Further, the high demand for paints from the construction sector is another growth factor in the segment. In 2020, the consumption of architectural paint in the U.S. amounted to around 860 million gallons.
End-user (Automotive, Pulp & Paper, Construction, Textile, Industrial)
The global polymer emulsion market is also segmented and analyzed for demand and supply by end-users into automotive, pulp & paper, construction, textile, industrial, and others. Out of these, the pulp & paper segment is anticipated to garner the highest revenue by 2033. This can be owed to the growing use of paper across the world. Moreover, there are various kinds of emulsion polymers that are employed during the different phases of papermaking. They are employed to add durability, tear resistance, and strength. Furthermore, the specialized paper applications call for exacting performance standards. For instance, over 400 tons of paper are produced every year globally.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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By End-Users |
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The Asia Pacific polymer emulsion market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, owing to an increase in demand for vehicles by the burgeoning population. As per the International Organization of Motor Vehicles, the total production of vehicles in the region was approximately 46 million units in 2021, a rise from around 44 million units in 2020. Similarly, the total sales in the region were nearly 42 million units in 2021, a rise from around 40 million in 2020. Further, the high consumption and sales of chemicals in the region are also projected to drive market in the forecast period. The domestic sales of chemicals in the Asia Pacific region were worth around USD 3 trillion in 2021.
BASF SE has joined hands with SIBUR to develop innovative polymer solutions at SIBUR’s PolyLab Research and Development Center located in Moscow, Russia.
DIC Corporation announced acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE), which is expected to broaden the company’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications
Author Credits: Smruti Ranjan, Rajrani Baghel
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