Synthetic and bio emulsion polymers market has been gaining remarkable traction in recent years, on account of the fact that these products are extensively deployed in the paint & coatings and paper & paperboard coatings sectors. Paints and coatings, as is distinctly known, are hugely demanded across the aerospace, manufacturing, automotive, and marine sectors, which incidentally will boost synthetic and bio emulsion polymers industry share over the years ahead. —
In fact, emulsion polymer based products actually offer myriad benefits such as recyclability, excellent shelf life, and ease of handling, which will augment their sales and gradually propel synthetic and bio emulsion polymers industry.
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The regulatory organizations such as EPA and REACH have deployed stringent rules and regulations regarding the usage of eco-friendly products. To comply with such regulatory norms, many of the end-use industries have been giving preference to products encompassing low VoC content. Emulsion polymers are inclusive of reduced VoC content, which is one of most pivotal reasons why this product is in high demand across myriad end-use sectors such as consumer durables, construction, and automobiles.
Speaking on similar lines, subject to this extensive requirement for non-VoC products, Europe synthetic and bio emulsion polymers market share has been projected to surpass USD 10 billion by the end of 2024. Germany, UK, and France have been projected to be the key revenue pockets of Europe synthetic and bio emulsion polymers market, pertaining to the fact that these countries are strong automotive hubs of the continent.
Many players in synthetic and bio emulsion polymers industry are investing heavily in research and development activities to strengthen their product portfolio. Recently in fact, Lubrizol LifeSciences, which has chronicled quite a record in polymer expertise, has adopted a long-term strategy to develop high quality products for medical devices. Speaking of which, some of the renowned participants in synthetic and bio emulsion polymers market are Lubrizol Corporation, BASF, Wacker Chemie, Arkema, DOW Chemical, Nuplex Industries, DIC Corporation, Omnova Solutions, Trinseo, and Momentive Performance Materials.
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Emulsion polymers find utilities in a plethora of domestic hacks, right from simple glue to industrial adhesives that are capable enough to withstand severe stress. The latter is exactly the kind of adhesive that automobile manufacturers generally prefer. The expanding automotive sector across the Asia Pacific and other principal geographies will catalyze synthetic and bio emulsion polymers market size, given the extensive proliferation of adhesives containing emulsion polymers across the automotive sector.
In this regard, many companies have been striving to develop high performance adhesives to fulfil the surging product demand. This factor will unrefutably propel Synthetic and Bio Emulsion Polymers Market size, which, as per analysts, had been pegged at USD 25 billion in 2016.
Apart from automobile manufacturers, companies in the paper and paperboard business have also been giving preference to vinyl-based emulsions so that their product comprise a critical coating layer. Vinyl-based emulsions are used for recycled, digital, and lightweight coated paper, and solid bleached sulfate paperboards. On these grounds, it has been forecast that synthetic and bio emulsion polymers industry size from vinyl acetate will exceed 2.8 million tons of by the end of 2024.
Partial Chapter of the Table of Content:
Emulsion Polymers Market By Product
• Vinyl acetate polymers
• Styrene-butadiene latex
Emulsion Polymers Market By Application
• Paper & paperboard coatings
• Paints & coatings
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The remarkable growth graph depicted by synthetic and bio emulsion polymers market has attracted numerous investors over the recent years. For instance, Gamco Investors Inc., currently owns more than 2% shares in OMNOVA Solutions Inc., which is notable provider of emulsion polymers, engineered surfaces, and specialty chemicals. The growing number of investments by prominent financial institutions in synthetic and bio emulsion polymers market is thus, likely to fuel the revenue generation of this business over the coming years.
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Release ID: 88925012