increased demand for emulsion polymers in paints and coating applications is driving the Emulsion Polymers Market
Technavio analyzes that the Emulsion Polymers Market is expected to grow at a CAGR of 7.18% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 14 billion.There are various factors that contribute to the growth of the market.ai_driver_list_1
In the dynamic global emulsion polymer market landscape of 2023, the paints and coatings sector held a significant market share. Key growth drivers included the expanding construction and automotive industries, particularly in APAC. The eco-friendly and biodegradable attributes of emulsion polymers further fueled market expansion. Moreover, the increasing demand for low VOC emission paints is anticipated to boost emulsion polymer usage in this sector. Emulsion polymers used in paints and coatings deliver enhanced water resistance, providing valuable exterior protection for buildings.
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Emulsion Polymers Market Segmentation
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In the dynamic and expansive realm of industrial polymers, Emulsion Polymers occupy a significant position. These polymers, derived from Monomers such as Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene (PE), SB Latex, Vinyl Acetate Polymer, and others, undergo Radical polymerization in the presence of Water and Surfactants to form stable dispersions. Emulsion Polymers find extensive applications in various sectors. In the Paper and Paperboard industry, they serve as essential components in the production of coated papers. In the Chemical industry, they are used as raw materials for Adhesives and Paints and Coatings, including Acrylics. Consumer durables, Textile, and Construction industries also leverage Emulsion Polymers for their unique properties. Moreover, Emulsion Polymers contribute to the advancement of Green Buildings by reducing Volatile Organic Compounds (VOC) emissions. The versatility of these polymers extends to the production of Polymer Emulsions, which cater to diverse industries and applications. Emulsion Polymers' market growth is driven by their superior performance, cost-effectiveness, and environmental sustainability.
The emulsion polymers market is a segment of the larger commodity chemicals industry, focusing on the production of industrial and basic chemicals, specifically emulsion polymers. This market encompasses companies that manufacture plastics, synthetic fibers, films, commodity-based paints and pigments, and petrochemicals, excluding those specializing in diversified chemicals, fertilizers, agricultural chemicals, industrial gases, and specialty chemicals. Market expansion will be fueled by the rising demand for plastic packaging, driven by the need for lightweight, corrosion-resistant materials in the packaging industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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