Global Polymer Emulsion Market Definition
A polymer emulsion is a type of emulsion in which one of the phases is a polymer. In a polymer emulsion, the dispersed phase is a polymer, which is typically in the form of small droplets suspended in the continuous phase, which is usually water. The polymer droplets can be made from various types of polymers, such as acrylic polymer emulsions, vinyl acetate ethylene polymer (VAE) emulsions, styrene-butadiene polymer emulsions, and others.
Emulsion polymerization, a procedure used to create polymer emulsions, which involves the polymerization of monomers in the presence of an emulsifying agent to create droplets of polymer suspended in water. Through adjusting the kind and quantity of monomers, the kind of emulsifying agent, and the polymerization conditions, the characteristics of the resulting polymer emulsion may be adjusted.
Given their ability to enhance the characteristics of the finished product, such as durability, flexibility, and adhesion, polymer emulsions are utilized in a variety of applications, including coatings, adhesives, textiles, and building materials. They can improve the adhesion of a coating to a surface, which is important in applications, such as paint and construction materials. Also, the flexibility of a coating or adhesive, which is important in applications such as textiles and flooring, along with its durability of a coating or adhesive. It is also important in applications such as protective coatings and roofing materials and can be improved with the use of polymer emulsions. Water resistance and thermal stability are also their key qualities, especially useful in applications such as paint and building supplies.
Given the rising demand for these materials across a variety of end-use sectors, including construction, textiles, and coatings, the polymer emulsion market is anticipated to expand in the upcoming years. Polymer emulsion, in general, is a flexible and significant material used in many sectors owing to its different qualities and capacity to be customized for certain uses.
Global Polymer Emulsion Market: Key Insights
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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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Global Polymer Emulsion Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global polymer emulsion market is estimated to garner a revenue of USD 50 billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 40 billion in the year 2022. The primary growth factor of the polymer emulsion 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.
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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 global polymer emulsion 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.
Global Polymer Emulsion Market: Growth Drivers and Challenges
Growth Drivers
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Boom in the Paints & Coatings Industry – Owing to their distinct advantages and capacity to enhance the finishing of the final product, polymer emulsions are extensively employed in the paint and coatings industry. Indoor and outdoor paints, structural coatings, and protective coatings are just a few of the paint and coating kinds that can employ polymer emulsions. The growing construction rate has propelled the utilization of paints and adhesives in various processes. Thus, the growing need for paints & adhesives is expected to attract growth opportunities for the polymer emulsion market. In 2020, the global paint and coatings industry was estimated to be valued at ~USD 160 billion globally.
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Expansion of the Automotive Industry - Polymer emulsions are largely employed in the manufacture of vehicle coatings in the automotive sector. They can be utilized to enhance the coating's water resistance, flexibility, and other crucial attributes for automobile coatings. Additionally, they can be employed to improve the coating's adherence to the surface and improve the look in general. Additionally, they may be utilized in the creation of sealants and adhesives for vehicles, which are employed to assemble various components. Recent calculations stated that revenue generated worldwide by the global automotive industry by 2030 is projected to reach ~USD 9 trillion.
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Development in Chemical Industry – Polymer emulsions are used in the chemical industry for a variety of purposes, including lubricants, and as a starting point for the synthesis of additional polymers. Additionally, they can be employed as a dispersing agent to assist maintain the suspensions of insoluble compounds in liquids. The latest reports stated that the revenue garnered by the global chemical industry in the year 2021 was approximately 4 trillion dollars, a considerable increment from the previous year with 3 trillion dollars.
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Increased Research and Development Expenditure – As per the World Bank, the statistics revealed that the expenditure on research and development activities accounted to be 2.63% of the total GDP in 2020, a considerable rise from the year 2017 with 2.13% of the total GDP.
Challenges
- Fluctuation in Costs of Raw Materials
- Stringent Government Rules - Polymer emulsion involves the secretion of lots of harmful chemicals into the environment, which impacts both human and ecological health. Therefore, governments worldwide mandate strict rules and regulations to prevent the exploitation of the environment.
- Long Production Cycles
Market Segmentation
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.
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 polymer emulsion 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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Global Polymer Emulsion Market Regional Synopsis
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 the polymer emulsion market in the forecast period. The domestic sales of chemicals in the Asia Pacific region were worth around USD 3 trillion in 2021.
Top Featured Companies Dominating the Global Polymer Emulsion Market
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DIC Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Arkema Group
- Celanese Corporation
- Wacker Chemie AG
- OMNOVA Solutions Inc.
- Momentive Performance Materials Inc.
- Lubrizol Corporation
- Trinseo PLC
- Synthomer plc
