Polymer dispersions are water-borne emulsion polymers with colloidal particles in a stabilized state. Different industries like paints and coatings, adhesives, papers, sealants and decorative & protective coating extensively use polymer dispersion as a raw material. The primary reason behind its widespread popularity of potentiating materials from external forces like exposure to water vapor, heat, and grease.
The report on global polymer dispersion market is based on 320 hours of primary and secondary research performed by analysts at Market Krystal. As per the report, water-based dispersions are the largest and most widely used sub-category in the polymer dispersion industry. This is mainly because solvent-based polymer dispersions require following a lot of protocols and rules, and water-based dispersions are easy to access. The protective coating and leather industry are the primary consumers of the polymer dispersion.
The global polymer dispersion market has been valued at US $ XXX billion in 2017, and this value registered an impressive XXX% growth from the previously recorded value at US $ XXX billion in 2013. Based on the market research, the industry is expected to reach US $ XXX billion by 2024, which would turn out to a CAGR of XXX%.
The critical factor behind this growth is the fact that there has been a recent boom in the leather industry, polymer dispersion’s chief client, which has resulted in tremendous growth of the polymer dispersion market. Then, the rise in disposable income of the middle and upper middle class makes space for more interior furnishing and home décor business, which extensively uses polymer dispersion. Another main reason is the increasing environmental regulations surrounding the use of VOC. This goes in favor of polymer dispersion as they are non-toxic and there is rising public awareness that polymer dispersions are eco-friendly and safe to use.
The negative factor that can cause hindrance is that in regions which are still not aware of the safer alternatives to VOC or do not have the government laws to back the use of polymer dispersion, their acceptability rate is still low.
North America has the highest global share of the polymer dispersion market with Europe a close second, and the trend is expected to continue in the near future. Better standard of middle-class living, the enhanced market for decors and stringent environmental laws have together fueled this growth. Another factor is undoubtedly the increased consumption of packaged foods globally. The key global players in the market of polymer dispersion are Evonik Industries, Synthomer PLC, and BASF SE.
Our Approach
The research process at Market Krystal begins with the bifurcation of global polymeric dispersion market into smaller segments, followed by tracking the factors affecting each segment of the market. Therefore, global polymeric dispersion market is classified based on resin type, application, and geography. Based on resin type, the market is segmented into acrylic dispersion, vinyl dispersion, polyurethane dispersion, SB dispersion, and others. As per the application, the market is segmented into paper, printing ink, decorative & protective coating, carpet & fabrics, and similar others. Polymeric dispersion based on different resin type has been studied for different applications and findings were validated y conducting interviews with the business leaders across polymeric dispersion industry value chain (Fig.1).
Figure 1 Primary research breakdown
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