Emulsion polymers are basically used in the radical polymerization which starts with the emulsion process that comprises water, monomer, and surfactant. Widely practiced emulsion is an oil-in-water emulsion. There are two types of emulsion polymers, namely, bio-based and synthetic—depending on their composition and depending on their polymerization process. The polymerization process is rapid due to high molecular weight. Waterborne emulsion polymers are environment-friendly.
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The global emulsion polymer market is segmented on the basis of types as acrylic, vinyl acetate polymers, styrene butadiene latex, and others. These products are produced with the help of the many defined processes for emulsion polymerization. Based on the process type, the market is further segmented as conventional emulsion polymerization, mini emulsion polymerization, dispersion polymerization, and microemulsion polymerization. Of which, the conventional emulsion polymerization segment is the dominant one since it is widely preferred as a convenient method to produce eco-friendly solutions. On the basis of end-user applications, the global market is further segmented as paint, coating, paper industry and paper coatings, adhesives, and textiles.
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Emulsion polymers are largely utilized in paper industry for manufacturing papers, paper bags, boxes, cartons, and other products. They are also used in adhesives as binding agents in tapes, labels, glue, application in diapers, and hygiene products. These end-user segments majorly contribute to the growth of the emulsion polymer market. Emulsion polymers are used in paints and coating industry on a large scale. Rising awareness among the consumers about painting ideas and protective coatings and growing trend of interior decoration are driving the growth of the emulsion polymer market. The wide use of color and coating compounds in the automobile sector is also another factor boosting the growth of the market. Moreover, consumer’s preference towards eco-friendly products in order to deliver safe and healthy environment has increased the demand of water-based emulsion polymer market globally. Rising population is an outcome of large-scale urbanization across the world, which is leading the requirement of constructing residences, resulting in rising demand for the end-user products. Application of emulsion polymers the in the treatment of waste water is also a factor responsible for the growth of the market. Rising competition and environmental issues faced by the manufacturers that force them to produce high-quality, safe, eco-friendly materials are factors negatively affecting the growth of the market.
Asia Pacific is leading the global emulsion polymer market. This trend is followed by North America mainly owing to rising constructional projects and paint industries. The Middle East and Africa is projected to grow in future.
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Major players dominating the global emulsion market are BASF, The Lubrizol Corporation, Arkema, Wacker Chemie AG, DIC Corporation, Trinseo, and Momentive Performance Materials Holdings LLC. Other key players influencing the global market are Omnova Solutions Inc., Nuplex Industries Ltd, and The DOW Chemical Company.
Emulsion Polymer Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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