July 21, 2024
POLYMER EMULSION MARKET

Polymer Emulsion Market Driven By Growing Adoption In Paints And Coatings Industry

Polymer emulsions play an important role in manufacturing coatings, adhesives, and construction chemicals used in paints and coatings industry. Polymer emulsions offer various functional advantages like excellent adhesion, flexibility, weather resistance, and mechanical strength to various end-use applications. They are mainly used to manufacture water-based architectural coatings for walls and ceilings. The global demand for environment-friendly and low Volatile Organic Compound (VOC) emitting paints and coating products is driving the polymer emulsion market.

The global Polymer Emulsion Market is estimated to be valued at Us$ 33.18 Bn in 2023 and is expected to exhibit a CAGR Of 15% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the polymer emulsion market is the development of eco-friendly polymer emulsions. Stringent environmental regulations regarding VOC emissions from paints and coatings have prompted manufacturers to develop sustainable polymer emulsion technologies. Leading market players are focusing on production of polymer emulsions derived from plant-based renewable resources like soybean and pine tree oils to reduce dependence on petroleum-based feedstocks. These bio-based polymer emulsions provide comparable performance to traditional petro-based variants and help end-use industries lower their carbon footprint. Their growing adoption in coatings, adhesives and other applications is expected to support market growth over the forecast period.

 

Porter’s Analysis

Threat of new entrants: The threat of new entrants into the polymer emulsion market is low as setting up of manufacturing plants require high capital investment and the market is dominated by well-established players.

Bargaining power of buyers: The bargaining power of buyers in the polymer emulsion market is moderately high as the products are commoditized and buyers have the option to switch between various suppliers.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as the raw materials required are commodity chemicals however ongoing consolidation among suppliers has increased their bargaining power.

Threat of new substitutes: The threat of substitutes is moderate as alternative products like water-based paints provide competition but lack functional advantages that polymer emulsions provide.
Competitive rivalry: The polymer emulsion market is competitive with major players competing on basis of product quality, pricing and service.

Key Takeaways

The Global Polymer Emulsion Market Demand is expected to witness high growth over the forecast period supported by increasing demand from paints & coatings industry.

Regional analysis:

 

Asia Pacific region currently dominates the global polymer emulsion market and is expected to maintain its lead over the forecast period due to high economic growth and rapid urbanization in countries like China and India leading to increased demand from construction industry.

Key players:

 

Key players operating in the polymer emulsion market are Nestlé S.A, Nissin Food Holdings Co., Ltd., Indofood CBP Sukses Makmur Tbk PT, Tingyi (Cayman Islands) Holding Corporation, Uni-President Enterprises Corporation, Acecook Vietnam Joint Stock Company. These players are focusing on new product launches and capacity expansions to strengthen their market position.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it