The global polymer emulsions market revenue was around US$ 33 billion in 2023 and is estimated to reach US$ 60.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2024 to 2032.
A kind of polymer dispersion known as a polymer emulsion involves the suspension of polymer particles in a liquid, usually water. The dispersed phase of polymer emulsions usually contains particles of polymers that are between nanometers and micrometers in size. These are the result of the emulsification process, which entails dispersing the polymer in water with the help of shear forces, mechanical agitation, or chemical emulsifiers. The molecular weight stiffness of polymer emulsion is its main advantage. Both the molecular weight and the rate of polymerization are relatively high. The rate at which the molecular weight and polymerization rate are traded off is constant.
Factors Influencing Market Growth
- As the construction industry uses polymer emulsions for surface treatments, waterproofing, and cement modification, there is a growing demand for these products, which is driving the market growth.
- Polymer emulsions have become increasingly popular in the adhesive industry. Water-based adhesives formulated with polymer emulsions find applications in various industries, such as packaging, woodworking, paper bonding, and textiles. As a result, there is a growing demand for polymer emulsions in the adhesive industry, which is driving up market growth.
- The consumer goods industry, which encompasses packaging, footwear, and home furnishings, depends heavily on adhesives. This is increasing the demand for polymer emulsions in the consumer goods industry, thus expanding the market.
- Fluctuations in the cost of raw materials may hamper market growth.
Impact of COVID-19
During COVID-19, there were stricter travel restrictions in nearly every nation. Due to the total lockdown of major industrial hubs during that period and the increasing number of infected patients, the manufacturing sector abruptly stopped. Due to potential issues with the upstream supply chain, the companies involved in construction, automotive, chemical, textile, and coatings were compelled to close their locations. Because low incomes and negative consumer sentiment discouraged people from looking for new homes, there was little demand for new residential construction. The demand for cars has dropped significantly due to the unpredictability of the future. The effect on textile orders for clothing and accessories has, on average, diminished by 30% worldwide. Companies that manufacture chemicals have either completely stopped making them or are only making small amounts of them.
Regional Insights
Asia Pacific dominated the market in 2023. This is because the region is rapidly becoming more urbanized and industrialized, which is driving up infrastructure development and building activity. These projects make extensive use of polymer emulsion-based coatings, adhesives, and sealants due to their performance, durability, and versatility. In the construction industry, polymer emulsion is needed for paints, waterproofing coatings, and flooring adhesives. This demand has grown significantly in recent years. The nonwoven and textile industries are heavily concentrated in this region. Polymer emulsions, which offer qualities like water resistance, durability, and color fastness, are widely used in textile coatings, printing, and finishes. Polymer emulsion binders find use in medical textiles, filtration media, hygiene products, and other nonwoven industries for fabric stabilization and reinforcement. The growth of the nonwoven and textile industries in this region has an impact on the demand for polymer emulsions.
Leading Competitors
- Wacker Chemie AG
- Dow Inc.
- Interpolymer
- Halltech Inc.
- Synthomer PLC
- Asahi Kasei Corporation
- CLARIANT
- Gellner Industrial LLC
- Celanese Corporation
- Arkema
- BASF SE
- The Lubrizol Corporation
- Momentive
- Resil Chemicals Pvt. Ltd
- dic corporation
- Other Prominent Players
Segmentation Analysis
The global polymer emulsions market segmentation focuses on type, end-use industry, and region.
Segmentation based on Type
- Acrylic
- Vinyl Acetate
- SB latex
- Others
Segmentation based on End Use Industry
- Building and Construction
- Automotive
- Textile
- Paints and coatings
- Adhesives and sealants
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa