EuropeBio-emulsion Polymers Market: Introduction
TransparencyMarket Research delivers key insights on the bio-emulsion polymers market in Europe. In terms ofrevenue, the bio-emulsion polymers market in Europe is estimated to expand at aCAGR of ~8% duringthe forecast period, owing to numerous factors regarding which TMR offersthorough insights and forecasts in its report on the bio-emulsion polymersmarket in Europe.
Thebio-emulsion polymers market in Europe is driven by the rise in demand forbio-emulsion polymers in the paints & coatings application.
EuropeBio-emulsion Polymers Market: Dynamics
Bio-emulsionpolymers are extensively used in paints and coatings. The rise in consumerpreference for low emission coatings, owing to increased awareness about theadverse health effects of volatile organic content (VOC) in chemical products,has led to a shift toward greener coating solutions. Furthermore, painters areincreasingly showing interest for wall paints with lower VOC content andreduced toxicity of in coating formulations. The European Union has setvolatile organic content (VOC) limits for various products (includingcoatings). These factors are expected to boost the bio-emulsion polymers marketin Europe in the near future.
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Risein demand for greener alternatives and increase in stringent regulations on coatingswith higher VOC content are driving manufacturers operating in the paints &coatings market to introduce new and greener products. Thus, markets forbio-based products and bio-emulsion polymers are expanding at a significantpace.
Therise in the number of upcoming commercial buildings in Europe is expected topropel the paints & coatings market in the region. Additionally, the paints& coatings market is likely to expand due to increase in reconstruction andrenovation activities in the construction sector in the region. Thus, expansionof the paints & coatings industry is likely to propel the bio-emulsionpolymers market in Europe.
Increasein the number of regulations on the usage of fossil fuel-based products andrise in the number of restrictions on the use of hazardous chemicals areanticipated to propel the demand for alternatives across the region.Furthermore, Europe is home to established major manufacturers such asDowDuPont Inc, Koninklijke DSM N.V., and BASF SE. These companies engage in theproduction of green polymers. This is expected to fuel the bio-emulsionpolymers market in the region.
Increasein awareness about environmental issues and manufacturers’ shift toward thedevelopment of bio-emulsion polymers for paints & coatings and adhesives& sealants applications are expected to offer significant opportunities forthe bio-emulsion polymers market.
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EuropeBio-emulsion Polymers Market: Prominent Country
Thebio-emulsion polymers market in Germany is expected to be expand at asignificant pace during the forecast period, owing to the expansion of constructionand automotive industries in the country. Rise in the number of legislations ondecreasing the VOC content in paints & coatings formulations by regulatorybodies such as the EPA (Environmental Agency) and REACH (Regulation forRegistration, Evaluation, Authorization and Restriction of Chemicals) isexpected to drive the bio-emulsion polymers market across the countries ofEurope. Furthermore, increase in innovation and technological advancements inthe bio-emulsion sector are projected to propel the market for bio-emulsionpolymers in countries and sub-regions of Europe.
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EuropeBio-emulsion Polymers Market: Key Players
Thebio-emulsion polymers market in Europe is consolidated with the presence of afew players. Key players operating in bio-emulsion polymers market in Europeare BASF SE, Aquapak Polymers Ltd, Lactips, Arkema S.A., and DSM.
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