United States Polymer Emulsions Market - Segmented by Product Type, Application, and End User Industry- Growth, Trends, and Forecast (2018 - 2023)
The polymer emulsion market in the United States is expected to register at a moderate CAGR during the forecasted period, 2018-2023. The market is driven by many factors, such as stringent government regulations regarding emissions and the increasing demand from end-user industries like building & construction, automotive, etc.
Stringent Government Regulations Driving the Market
Emulsion polymerization produces polymers with high molecular weight and very less viscosity which reduces VOCs emission. Volatile Organic Compounds (VOC) are the major environmental concerns, therefore governments are levying stringent policies to either curtail or completely ban them, which is driving the market. In the United States, the coatings manufacturers are limited in the number of VOCs by EPA regulations during the manufacture, labeling, and packaging of coatings. States like Pennsylvania and California have enacted more stringent VOC regulations which are far tougher than the EPA. In addition, EPA has increased VOC content limits and standards for architectural and industrial maintenance (AIM) coatings in Maryland.
Vinyl Acetate - the Fastest Growing Segment
Based on product type, acrylic holds the maximum share of approximately 45% vinyl acetate is expected to be the fastest growing segment on account to growing applications in end-user industries, such as building and construction, automotive, etc. In buildings and construction end-user segment, it is increasingly used in architectural paints and coatings because of its aesthetic appeal and high resistance to temperatures. In addition, the growing building and construction sector due to the increased construction spending in non-residential sector is providing opportunities for the market.
Major Players: 3M, Akzo Nobel NV, Arkema SA, BASF SE, Clariant AG, DowDuPont, Royal DSM NV, Sumitomo Chemical, Wacker Chemie AG, and ZEON Corp amongst others.
Reason to Purchase this Report
To understand the impact of growing demand from end-user industries on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The product type and application that is 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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