The Global Polymer Emulsion Market volume was estimated to be
around 15000 kilo tons in 2015. The automotive coating has led has
significantly contributed to the growing demand of adhesives which in turn has
resulted in propelling the growth of polymer emulsion. Government regulations
have forced manufacturing companies to undertake research and development
projects for developing safe products. Synthetic agents are being replaced by
water based polymers owing to their superior environment benefits. Regulatory
agencies including REACH and EPA guide the manufacturing organizations
regarding the best practices. They have also set standards in accordance with
the clean air act associated with the emission of harmful chemicals which
include styrene, toluene, methyl chloride and acrylonitrile.
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Global polymer emulsion market
demand is expected to grow at a steady rate mainly on account of strong demand
from paints and coating industry. Increasing demand from end use industries is
expected to drive the market growth over the forecast period. Paints, coating,
paper, paperboards and adhesives are the key products where polymer emulsion is
used. Paint and coatings hold the majority share owing to the high demand of
acrylics. Paint and coating are vastly used in construction. Recent trends have
shown that the consumption of paints and coating in emerging economies such as
India and China has increased considerably owing to infrastructure development
initiatives.
The major raw material used in
the production process are natural gas and crude oil. Therefore, polymer
industries are dependent on the oil and gas industry. Any fluctuation in the
raw material prices affects the profitability and expenses of manufacturing.
The increase in raw material prices fluctuates the demand of final end product.
Such volatile raw material price is a major challenge for the polymer emulsion
market. Consumers have been shifting towards bio based products in recent years
on account of stringent regulations and environmental concerns. Emerging
economies including Brazil, China and India are expected to provide great
opportunities over the forecast period. New product development through
research and innovation programs offer bright prospects for the industry growth
in near future.
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