Asia-Pacific Polymer Emulsions Market - Segmented by Product Type, Application, End User Industry, and Country - Growth, Trends, and Forecast (2018 - 2023)
The polymer emulsion market in Asia Pacific region is expected to register a high CAGR during the forecast period, 2018-2023. The market is driven by many factors, such as stringent government regulations by APAC countries regarding emissions and increasing green building construction in countries, like China.
Strict Government Regulations Driving the Market
Emulsion polymerization produces polymers with a high molecular weight and very less viscosity, which reduces VOC emission. Volatile Organic Compounds (VOC) are major environmental concerns, therefore governments are levying stringent policies to either curtail or completely ban them. This is driving the polymer emulsion market in APAC. Countries in Asia Pacific, such as China and India have intensified the regulations regarding the release of harmful substances, such as VOCs into the atmosphere. Therefore, these regulations are shifting the focus of companies toward VOC less products, thereby, boosting the market. In China, the Environmental Pollution Agency have shut down ten thousand factories, as they were not complying with the policies set to decrease pollution. In India, social programs, such as go green, are key initiatives which are driving the market.
Vinyl Acetate - the Fastest Growing Segment
The APAC polymer emulsion market is segmented on the basis of product type, application, and end-user industry. Based on product type, vinyl acetate is expected to be the fastest growing segment on account of the increasing applications in end-user industries, such as building & construction and automotive etc. In the construction sector, the demand for vinyl acetate has increased, especially in the manufacture of architectural paints & coatings, because of its aesthetic appeal and high resistant to temperatures
China - the Dominant Country in the Market
China dominates the Asia-Pacific market with a share of more than 45%, with major demand from the paints & coatings segment. The rise in the construction sector, which results from increasing urbanization and industrialization, combined with government initiatives, such as the ‘state council green building action plan’, to promote green buildings is expected to drive the market in China, during the forecast period.
Major Players: Asian Paints Ltd, Apcotex Industries Ltd, Berger Paints India Ltd, Kansai Nerolac Paints Ltd, DowDuPont, AkzoNobel NV, British Paints, Clariant, Dynamic Speciality Chemicals Ltd, Jenson & Nicholson India Ltd, Kamsons Chemicals Pvt. Ltd, Nuplex Industries Ltd, Shalimar Paints Limited, Snowcem Paints, Speciality Polymers Pvt Ltd, Sumitomo Chemical Co. Ltd, Visen Industries Limited, and Celanese Corp., amongst others.
Reason to Purchase this Report
To understand the impact of the growing end-user industries on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The type of product and application expected to dominate the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).
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