Global Emulsion Polymers Market 2018-2022
About Emulsion Polymers
Emulsion polymer is a type of polymer obtained through the emulsion polymerization process using monomers, surfactants, and water. These polymers are of different types, including acrylic emulsion polymers, styrene-butadiene latex, vinyl acetate emulsion polymers, and polyurethane emulsion polymers.
Technavio’s analysts forecast the global emulsion polymers market to grow at a CAGR of 6.59% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global emulsion polymers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the demand for emulsion polymers for various applications including paints and coatings, paper and paperboard coatings, adhesives, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Emulsion Polymers Market 2018-2022
Technavio recognizes the following companies as the key players in the global emulsion polymers market: BASF, Celanese, Clariant, DIC CORPORATION, DowDupont, and Wacker Chemie.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is improved strategies adopted by major vendors in the market. The market is highly fragmented with the presence of many local and international vendors and the companies are either pure-play or industry focused. They have adopted better growth strategies such as product innovation, product launch, M&As, agreements, and collaborations to retain their market share and dominance.”
According to the report, one of the major drivers for this market is the increased demand for emulsion polymers in paints and coatings applications. Paints and coatings segment dominated this market in 2017 and is expected to retain its market share in the forecast period as well. The rapid rise in automobile and construction sector is one of the major factors for the increased paints and coatings applications, which creates a direct growth opportunity for the growth of this polymers market.
Further, the report states that one of the major factors hindering the growth of this market is the increasing raw material cost. The rapid increase in the rice of raw materials like naphtha and ethane hinder the growth pf emulsion polymers globally. The high dependency of these raw materials on crude oil reserves is yet another major factor causing supply constraints.