Polymer Emulsions Market Expected to Reach $59.2 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Polymer Emulsions Market," The polymer emulsions market was valued at $30.9 billion in 2022, and is estimated to reach $59.2 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.

The process of combining two solvents with different densities is known as creating an emulsion. Polymer emulsion is the process of polymerization of emulsion in which monomer emulsification with water and surfactant is created. Acrylate ester and styrene are two of the most common monomers used in the process. In the manufacturing of chemicals such as adhesives, paints, offset inks, paper & paperboard, construction, coatings, textiles, and chemicals, specific polymers such as polymer emulsions are utilized.

Emulsion polymers are utilized in adhesives & sealants, paints & coatings, and other applications in building & construction. Strict government and regulatory restrictions on VOC emissions are expected to boost the expansion of the polymer emulsions market. The use of emulsion polymers in a variety of industries, such as construction, automotive, and personal care, is on growth as a result of the evolution of the global regulatory environment.

The textile industry is a growing market for polymer emulsions. As consumers increasingly seek sustainable and eco-friendly textiles, manufacturers are turning to water-based systems for fabric treatment. Polymer emulsions act as binders, imparting properties such as stiffness, wrinkle resistance, and color fastness to textiles. They are also used for pigment printing and finishing treatments, further driving the demand. Moreover, the growing construction and infrastructure activities worldwide contribute to the increased demand for polymer emulsions. These emulsions are used in applications such as road surface coatings, waterproofing membranes, and sealants.

They enhance the performance, durability, and workability of construction materials, offering advantages over traditional solvent-based solutions. In addition, advancements in polymer chemistry and manufacturing techniques have expanded the range of polymer emulsions available in the market. Customizable properties, such as particle size, molecular weight, and polymer composition, enable tailored solutions for specific applications, further driving the demand.

Polymer emulsions are extremely adaptable and offer numerous benefits, including minimum emissions, a longer shelf life, cheap cost, zero VOC, freeze-thaw stability, and great durability in a variety of coating compositions. As a result of these advantages, they are designed to fulfill the expanding demands of several applications and end-use industries. Aerospace, automotive, building & construction, and other important application areas are witnessing robust demand for adhesives.

The demand for high-performance, long-lasting, and effective adhesive formulations has expanded due to the rapid growth of these industries. Polymer emulsions are a common polymeric foundation for adhesives. In addition, they serve as binders in the production of adhesives for labels and tapes, household glue, and wooden glue, as well as nonwovens including feminine hygiene products and diapers. The high demand for adhesives is expected to drive the demand for polymer emulsion.

The manufacturers are unable to predict the price trend of raw materials. In addition, manufacturers want to purchase their raw materials in bulk. Consequently, they have a greater profit margin. Moreover, the availability and cost of other additives and chemicals used in the formulation of polymer emulsions influence its price. These additives are expected to include surfactants, stabilizers, pigments, fillers, and crosslinkers.

Any changes in the supply and demand dynamics of these additives, as well as fluctuations in their raw material costs, contribute to price fluctuations. Innovations in acrylic emulsions, such as the advent of water-based acrylic emulsion polymer goods, are anticipated to introduce a new product category to the polymer emulsions market, hence creating demand and opportunity. These paints are projected to gel with water-based inks and varnishes for overprinting.

The global polymer emulsions market is segmented into type, end-use industry, and region. On the basis of type, the market is classified into acrylic, vinyl acetate polymer emulsion, SB latex, and others. On the basis of end-use industry, it is categorized into building & construction, automotive, textile, paints & coatings, adhesives & sealants, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global polymer emulsions market include Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Clariant, DIC Corporation, Dow, Gellner Industrial LLC, Halltech Inc., Interpolymer Co. Ltd., Momentive, Resil Chemicals Pvt. Ltd., Synthomer PLC, The Lubrizol Corporation, and Wacker Chemie AG. Other players operating in the market are Akzo Nobel N.V., Mallard Creek Polymers, and Trinseo.

Key findings of the study

• On the basis of type, the acrylic segment has garnered the highest share i.e. 38.3% is expected to grow at a CAGR of 7.3%, in terms of revenue, during the forecast period.
• Depending on the end-use industry, the building and construction industry is expected to grow at a CAGR of 6.7% and has a market share of around 30% in terms of revenue in 2022.
• By region, Asia-Pacific dominated the market with the highest revenue share in 2022.