Polymer Emulsion Market Predicted to Surpass US$ 38.1 Billion by 2025, at a CAGR of 8.6%, Finds MarketsandMarkets™

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.  Monomers dissolved in water are known as polymer emulsions. They are formed by a chain reaction known as emulsion polymerization. They are also known as waterborne polymers due to their water content. Polymer emulsions are used increasingly as substitutes for solvent-based polymers. Polymer emulsions have high molecular weight and are considered eco-friendly as they have low VOCs. The key applications of polymer emulsion are paints & coatings, paper & paperboard, adhesives & sealants, and others.

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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.

The polymer emulsion market is segmented on type as acrylics, vinyl acetate polymers, SB latex, and others. The acrylics segment led the overall polymer emulsion market, accounting for the largest market share of the overall market, in terms of value, in 2019. The large usage drives the demand for the acrylics polymer emulsion in applications such as paints & coatings, adhesives & sealants in construction, industrial, and automotive & transportation industries.  The polymer emulsion market is segmented on the application as paints & coatings, adhesives & sealants, paper & paperboard, and others. The growth in the paints & coatings sector plays a key role in driving the demand for polymer emulsion. The increased consumption of polymer emulsion in paints & coatings application

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The key players in the blowing agents market are DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), Asahi Kasei Corporation (Japan), and others. These players adopt various developmental strategies such as expansions, new product development, agreement, and acquisitions to expand their market share.

The Dow Chemical Company is the largest player in the polymer emulsion market. The company serves various high-growth end-markets, offering an extensive product portfolio that includes all types of polymer emulsions. The company is backward integrated, offering waterborne resins, surfactants, binders, and other products. The company adopted both organic and inorganic strategies, including expansion and agreement between 2016 and 2019. For instance, in 2018, the company opened a regional sales center located in Toronto, Canada, to address the demand for Canadian customers. These strategies have helped the company to strengthen its position in the North American market.

BASF SE is the second-largest player in the polymer emulsions market. The company offers a wide range of polymer emulsions as well as raw materials such as surfactants and binders which are used to manufacture polymer emulsion. In 2018, the company expanded its production facilities of Joncryl water-based emulsion at its Ludwigshafen site. This has strengthened the company’s position as one of the leading manufacturers of water-based resin as well as emulsion polymers products.

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