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Asia Pacific emulsion polymers market constitute the largest share due to significant growth in automotive and infrastructure sector. Supporting environmental regulations in Asian countries related to the product usage in various end use industries such as automotive, construction, etc will boost the market demand in coming years.Supportive environmental regulations make emulsion polymers an ideal choice for paint & coating industries as they have low VOC (Volatile organic compound) content which makes the product eco-friendly. This in turn will positively influence the emulsion polymers industry growth in coming years. Increasing cost of raw materials; monomers such as styrene, butadiene and acrylics is the key restraining factor for emulsion polymers market growth by 2024.
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Based on application, emulsion polymers market is categorized into five major categories which include paints, adhesives, paper coating, textile coatings. The minor applications include electrical insulation, sealants and oil and gas permeability resistant applications. Properties such as low VOC content of the product makes it perfect choice material for paint & coating industry. Emulsion polymers are used as a anti flammable agent in paints & coatings and also reduces the overall product handling cost.
Based on product type, emulsion polymers market is segmented into styrene butadiene latex, acrylic polymers, vinyl acetate-based polymers, polyurethane dispersions, nitrile elastomers and others. The other products include silicon, hybrid epoxy, etc. Among these, acrylic polymers are used extensively in automotive, textile and other industries as back coating in carpet, upholstery fabric, pile fabric in window drapes, thinkers in paints. This is all due to its superior properties such as resistance to heat, chemical, UV light, stiffening on ageing etc. Wide usage of nitrile elastomers for applications involving resistance to oil, fuel, abrasion, water, heat and gas permeability due to its high elasticity, excellent chemical resistance and adhesion to challenging substrate.
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Emulsion polymers market is further segregated based on end use, which include textile, building & construction, automotive, chemicals and others. The others end-use segment includes personal care & beauty products, fiber glass, arts & crafts, etc. Vinyl acetate-based emulsion polymers have properties such as low VOC, high viscosity and adhesion to common substrate. These properties of the product make it suitable for applications in paints & coatings, carpet backing, apparel and textile finishing processes.
The key players in the emulsion polymers market are DIC Corporation, Mallard Creek Polymers, BASF SE, Celanese Corporation, The Dow Chemical Company, AkzoNobel N.V., Wacker Chemie AG, Momentive Performance Materials Holdings LLC, Resil Chemicals Pvt. Ltd., Gellner Industrial LLC, Arkema, Clariant AG, Halltech Inc, Interpolymer Co. Ltd. and Asahi Kasei Corporation. Most of the companies are engaged in adopting inorganic growth strategies such as expansion in emerging markets through associations, acquisitions and mergers.
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