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The Global Styrene Acrylic Emulsion polymer market is expected to grow at a robust growth rate over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The Global Styrene Acrylic Emulsion Polymer Market is studied in great detail in the report, which endeavors to figure out the leading drivers and restraints operating on the market based on historical data pertaining to the market’s growth over the last few years.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/4108
The Global Styrene Acrylic Emulsion Polymer Market is mainly driven by the growing demand for Styrene Acrylic Emulsion Polymers in the building and construction industry and personal care products industry. The growing use of Styrene Acrylic Emulsion Polymers as opacifiers in personal care products is likely to be a major driver for the Global Styrene Acrylic Emulsion Polymers over the forecast period. The growing disposable income of the consumers in emerging countries has driven the usage of personal care products and cosmetics over the last few years, thus driving the demand from the Global Styrene Acrylic Emulsion Polymer Market. The growing demand for personal care products in developing economies is likely to be a major driver for the Global Styrene Acrylic Emulsion Polymer Market over the forecast period.
The growing construction industry in developing regions is also likely to be a major driver for the Global Styrene Acrylic Emulsion Polymer Market over the forecast period, as Styrene Acrylic Emulsion Polymers are used in construction activities as well as in paints and coatings, leading to a steady rise in their demand over the forecast period.
Competitive Analysis:
Leading players in the Global Styrene Acrylic Emulsion Polymer Market include The Lubrizol Corporation, Xyntra Chemicals B.V., Acquos, H.B. Fuller, The Dow Chemical Company, Pexi Chem Private Limited, and Celanese Corporation.
Industry Updates:
In April 2018, Mallard Creek Polymers Inc. announced the acquisition of Ecronova Polymers GmbH, adding over 90 formulations of polymer-based materials to their portfolio.
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Segmentation:
The Global Styrene Acrylic Emulsion Polymer Market is segmented on the basis of application, End Use Industry, and Region.
Based on the Application, the Global Styrene Acrylic Emulsion Polymer Market is segmented into opacifier, binders, adhesives, construction chemicals, and others.
Based on the End Use Industry, the Global Styrene Acrylic Emulsion Polymer Market is categorized into paper & packaging, building & construction, paints & coatings, cosmetics & personal care, and others. The paints & coatings and building & construction industries are likely to hold dominant shares of around 25% in the Global Styrene Acrylic Emulsion Polymer Market over the forecast period.
Regional Analysis:
North America is the leading regional consumer of Styrene Acrylic Emulsion Polymers and is likely to remain a vitally important regional market over the forecast period due to the presence of several leading players in the regional market, which has led to steady advancement in the technology behind Styrene Acrylic Emulsion Polymers and easy incorporation of product advances into the end use industries. The growing demand for environmentally viable formulations in the industrial sector is also likely to be a major driver for the Styrene Acrylic Emulsion Polymer Market in North America over the forecast period, as Styrene Acrylic Emulsion Polymers are water-based and thus more viable in the ecological sense than the traditional solvent-based polymers. The growing government support to environment-friendly formulations in the polymer industry is likely to drive the Styrene Acrylic Emulsion Polymer Market in North America over the forecast period.
Europe is also a leading market for Styrene Acrylic Emulsion Polymers due to the growing government support to developing environmentally viable alternatives to conventional products and is likely to exhibit steady growth over the forecast period.
The rapid growth of the construction industry in Asia Pacific is likely to drive the Styrene Acrylic Emulsion Polymer Market in the region over the forecast period. The growing urbanization in Asia Pacific is likely to drive the demand for residential as well as infrastructural construction in the coming years, leading to a growing demand from the Styrene Acrylic Emulsion Polymer Market in the region.
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