The polymer emulsion market refers to the market for a type of polymer dispersion or suspension that is made by dispersing polymer particles in an aqueous medium. These emulsions consist of water, a polymer binder, and various additives to enhance the performance and stability of the emulsion. Polymer emulsions are commonly used as a substitute for solvent-based polymer solutions in various applications. The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%, between 2020 and 2025. The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%, between 2020 and 2025.
Browse 96 market data Tables and 46 Figures spread through 247 Pages and in-depth TOC on "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"
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The end-use industry scope of polymer emulsions is broad and diverse. Some of the key industries that utilize polymer emulsions include:
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Paints and Coatings: Polymer emulsions are widely used in the production of water-based paints and coatings. They provide excellent film formation properties, durability, adhesion, and resistance to weathering.
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Adhesives and Sealants: Polymer emulsions serve as a key component in the formulation of water-based adhesives and sealants. They offer high bonding strength, flexibility, and improved environmental safety compared to solvent-based alternatives.
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Paper and Packaging: Polymer emulsions are used in paper coatings to enhance printability, gloss, and water resistance. They also find application in the production of packaging materials such as cartons, boxes, and laminates.
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Textiles and Nonwovens: Polymer emulsions are employed in the textile industry for coating and finishing processes. They provide properties such as softness, crease resistance, water repellency, and dye fixation.
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Construction: Polymer emulsions are used in the construction industry for applications such as cement modification, mortar additives, waterproofing, and grouts. They improve the strength, flexibility, and durability of construction materials.
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Automotive: Polymer emulsions find application in automotive coatings, including primers, basecoats, and clearcoats. They offer excellent adhesion, corrosion resistance, and chemical resistance.
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Leather and Textile Auxiliaries: Polymer emulsions are utilized in the manufacturing of leather and textile auxiliaries, including leather finishes, textile sizing agents, and dye binders.
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Personal Care and Cosmetics: Polymer emulsions are used in personal care products such as creams, lotions, hair care products, and sunscreens. They provide stability, texture enhancement, and controlled release of active ingredients.
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.
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.