Emulsion Polymer Market Size, Share & Trends Analysis Report By Type, By Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Emulsion Polymer Market Growth & Trends
The global emulsion polymer market size is anticipated to reach USD 49.35 billion by 2030 and it is projected to grow at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing construction activities across the world and growing application of emulsion polymers in the paint and coatings industry are driving the market.
Polymer emulsion is in high demand in a variety of industries because of its unique features, environmental benefits, and versatility of application. This increased need is attributed to a greater emphasis on environmental standards, and sustainability has resulted in a move to water-based systems in businesses that formerly relied on solvent-based formulations. Furthermore, polymer emulsions are used in the construction industry for applications such as waterproofing, cement modification, and surface treatments, which contributes to increased demand.
The increasing awareness among consumers of paint concepts and protective coatings, as well as the developing trend in interior decor, are driving the expansion of the emulsion resin market. Another factor driving market growth is the growing usage of paints and coating solutions in the automobile industry. Furthermore, customer demand for ecologically friendly products that provide a safe and healthy environment has increased global demand for water-based polymer emulsions. Population expansion is a result of global urbanization, which is likely to boost the need for housing, resulting in growing demand for end-user commodities.
Emulsion Polymer Market Report Highlights
Based on type, acrylic polymer dominated the type segment with more than 41.0% share in 2023 owing to increasing demand for high-performance materials, the need for lightweight and durable materials, and growth in end-use industries
Based on application, the paint & coatings application segment is expected to grow at the fastest CAGR over the forecast period
Based on end-use, the building & construction segment held the largest market share of 37.7% in 2023. This growth can be attributed worldwide infrastructure development and increasing commercial and residential sector
The rise in residential and commercial construction projects due to the growing housing needs and notable growth opportunities prevailing in the market
Asia Pacific dominated the market owing to the increased investment in construction projects, a growing middle class, improved lifestyles and increased purchasing power of consumers
In October 2023, BASF launched line of emulsions for architectural coatings in North America. These emulsion polymers offer the same quality and performance as existing Acronal products but have the added benefit of reducing carbon emissions
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