Key Highlights of Global Emulsion PolymersMarket
· Theglobal emulsion polymers market was valued at morethan US$ 40 Bn in 2018 and is anticipated toexpand at a CAGR of 6.2% during the forecast period
· Theglobal emulsion polymers market is driven by the increase in demand for printedand flexible electronics across the globe
· Asia Pacificaccounts for major share of the global emulsion polymers market, led by highdemand for conductive inks and pastes among electronics manufacturers
Key Drivers of Global Emulsion Polymers Market
· Emulsionpolymers are the green products and lead to eco-friendly techniques for coatingand painting. Increasing demand for eco-friendly paint and coatings are drivingthe growth of the emulsion polymer market.
· Additionally,government regulations towards environmental protection are supporting thegrowth of the market. Growing awareness toward the bio-based emulsion polymersand increased usage of using waterborne acrylic dispersion for itsanticorrosive coatings properties are driving the growth of the market.
· Newhybrid vinyl copolymers such as vinyl acetate, styrene-butadiene (SB), acrylicsand styrene acrylate (SA) can be used to synthesize sugar copolymer latex. Inaddition, acrylic monomers derived from plant oil such as soybean, castor,cotton and corn, can be used to produce acrylic hybrid latex.
· Polymersderived from bio-based latex polymer technology are renewable and will provideimproved performance as compared to other polymers such as SB and SA latex, andare expected to receive significant attention.
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Production of Bio-based Emulsion Polymers Coupledwith Technological Advancements Expected to Intensify Emulsion Polymers Market
· Water-borneemulsions offer several benefits such as excellent corrosion protection, fasterdrying rates, hardness, resistance to UV light and good gloss. In addition,using water as a solvent provides other significant advantages such as no odor,reduced risk of explosion and health hazards.
· Water-borneemulsions can be customized for different end-user applications by usingdifferent additives and monomers such as methyl acrylate, styrene, and n-butylacrylate. Hence technological advancement for producing water-borne emulsionsis anticipated to create favorable opportunities over the years ahead.
· Furthermore,growing environmental regulations on emissions of volatile organic compounds(VOCs) and rising prices of crude oil, the manufacturers have commencedresearch on developing emulsion polymers from biological resources.
· Currently,various types of technologies have been implemented, such as bio-based sugarmacromer technology and bio-based latex polymer technology. The former uses asugar macromer as the raw material for the synthesis of polymer, and the latteruses starch derived from corn, rice, potato and tapioca, which are available inabundance around the world.
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Fluctuations in Crude Oil Prices toHamper Global Emulsion Polymers Market
· Despitethese growth prospects, the fluctuations in crude oil prices is negativelyinfluencing the revenue of the overall market and which is a key restraint forthe growth of the global market for emulsion polymer.
· Additionally,some stringent regulations imposed on the emission of some VOCs duringmanufacture are limiting the growth of the global emulsion polymer market.
· Nevertheless,the launch of bio-based products coupled with increasing awareness regardingthese products is boosting its adoption which is creating lucrativeopportunities for key players operating in the global market for emulsionpolymers.
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Asia Pacific Dominates Global Emulsion PolymersMarket
· Growingbuilding & construction activities coupled growth in the automotiveindustry in China is anticipated to provide promising market opportunities foremulsion polymers in the near future.
· Growth inthe paints & coatings industry coupled with rising demand for adhesives areestimated to primarily drive demand for acrylics and vinyl acetate polymers inthe Asia Pacific region.
· ASEAN isprojected to be a lucrative market for automotive and building &construction in the near future. Growth in these industries will subsequentlyincrease demand for paints & coatings and adhesives. This is likely toboost demand for emulsion polymers such as acrylics, styrene-butadiene latex,and vinyl acetate polymers in this region.
Fragmented Nature of Global EmulsionPolymers Market
· Theemulsion polymers market is fragmented in nature and is scattered between largeand medium scale manufacturers. Manufacturers with global as well as regionalpresence dominate the emulsion polymers market. The irregular split ofmanufacturers in the emulsion polymers market leads to fluctuating productcosts and higher degree of competition thus, lowering the profit margins.
· Some ofthe key players in the market are Synthomer plc, Celanese Corporation, BASF SE,The Dow Chemical Company, Trinseo S.A., and Arkema S.A. In 2018,some of the key players such as Arkema S.A., Celanese Corporation, Dow ChemicalCompany, and BASF SE collectively account for nearly more than 40% ofthe overall market. This dominance is a challenge for the new entrants. Thesekey players are focused on product development and manufacture of bio-basedproducts.
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