Polymer emulsion is a colloidal dispersion of discrete polymer particles having a particle diameter of 0.01 to 1 microns. Polymer emulsion is obtained by radical polymerization that usually starts with an emulsion containing monomer, surfactants, and water.
The use of polymer emulsions has been growing continuously, as they contain very low levels of VOC (Volatile Organic Compounds). This is the reason why they are being increasingly used in the paint & coatings industry. Polymer emulsions also undergo polymerization readily due to their high molecular weight.
The global polymer emulsion market is expected to grow at a CAGR of 7.88% during the period from 2019 to 2026. The market is projected to reach USD 55.81 billion by the end of 2026, from USD 30.43 billion in 2019. The growth of the market will be mainly driven by the increasing demand for polymer emulsion from industries like building & construction and automotive & transportation.
The polymer emulsion market is also likely to benefit from the implementation of stringent VOC emission norms, as polymer emulsions contain very small amounts of VOC. This is one of the main reasons behind the increasing demand for them from the paint & coatings industries.
Other factors that will affect the global market positively are, rising demand for water-based solvents or coatings in automotive and construction industries, growth of the paper and paperboards market, and increasing demand for bio-based and eco-friendly paints and coatings.
However, volatility in raw material prices and government regulations can restrict the growth of the polymer emulsion market to some extent. But it is expected that rising awareness about green buildings, growing construction activities, and increasing use of waterborne acrylic dispersion for anticorrosive coatings will create growth opportunities in the market.
In 2018, the global polymer emulsion market was dominated by the Asia-Pacific region. The region held around 38% share of the global market last year. The dominance of the Asia-Pacific region is likely to continue over the next few years.
The Asia-Pacific region is also expected to grow at the highest CAGR in the coming years due to factors like the growth of end-user industries like construction and automobile, rapid urbanization and infrastructural development, and the expansion of the industrial & automotive sectors in the region. The European region is also projected to exhibit significant growth in the coming days.
Some of the prominent players operating in the global polymer emulsions market include DowDuPont, DIC Corporation, BASF SE, Arkema Group, Trinseo, Celanese Corporation, Wacker Chemie AG, Synthomer Plc, The Lubrizol Corporation, Omnova Solutions Inc., Momentive Performance Materials Inc., Kamsons Chemicals Pvt. Ltd., Dairen Chemical Corporation, Mallard Creek Polymers, Inc., StanChem Polymers, Pexi Chem Private Ltd., and Zschimmer & Schwarz, among others.