The global polymer emulsion market size is estimated at USD 25.2 billion in 2020 and is projected to reach USD 38.1 billion by 2025, at a CAGR of 8.6%, between 2020 and 2025. Polymer emulsions are used extensively in paints & coatings. The building & construction industry witnessed high growth due to increasing construction activities, coupled with rising demand for high-quality paints & coatings. Automotive is estimated as the second-largest end-use industry where polymer emulsion helps to provide flexibility, excellent adhesion, and wear resistance, which is required in the automotive interior.
The polymer emulsion market is categorized into three types—low-density polyethylene (LDPE), high-density polyethylene (HDPE), and others. Cross-linked HDPE is used in pipes and tubing in the plumbing segment. The excellent combination of properties makes HDPE an ideal material for diverse applications in various industries. Almost all PEX materials used for wire and cable applications are based on LDPE to provide insulation owing to its excellent dielectric properties. The other types of PEX include middle-density polyethylene (MDPE), linear low-density polyethylene (LLDPE), ethylene-vinyl acetate (EVA), and polyolefin elastomers (POE).
Based on by foam segment, the blowing agent market is segmented into polyurethane foam (PU), polystyrene foam (PS), phenolic foam, polyolefin foam, and others (metal foams, inorganic foams, and biodegradable foams). Polyolefin foam is expected to register the fastest growth rate in the blowing agent market during the forecast period. The increasing global construction and packaging industries are expected to drive the demand for polyolefin foams, which in turn will boost the blowing agent consumption.
