According to a report,"Emulsion Polymer Market Analysis By Product (Acrylic, Styrene Butadiene Latex, Vinyl Acetate Polymers), By Application (Paints & Coatings, Paper &Paper Board Coatings, Adhesives) And Segment Forecasts To 2024", published by Grand View Research, Inc., The global emulsion polymer market is expected to reach USD 56.86 million by 2024, Acrylic use for superabsorbent polymers and personal care products is increasing on account of their quick drying ability and water resistance characteristics. Such favorable characteristics are anticipated to augment overall industry demand.
Key Takeaways from Report:
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The global emulsion polymer market demand was 13.36 million tons in 2015 and is expected to reach 21.88 million tons by 2024, growing at a CAGR of 5.7% from 2016 to 2024
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Paints& coatings emerged as the leading application segment with demand share exceeding 35% in 2015. Increasing construction activities in China, India, South Korea and the Middle East coupled with a positive outlook on the global automotive industry is expected to drive this segment over the forecast period.
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Asia Pacific was the leading regional market with demand share estimated 40% in 2015. Rapid urban construction has increased the paint consumption which in turn is expected to fuel the global market. Asia Pacific is also expected to witness the fastest growth of 7.2% from 2016 to 2024.
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Key players operating in the global emulsion polymer market include Nuplex industry, Synthomer, STI polymer, Wacker Chemie AG, BASF, Omnova Solutions, Styron, Clariant International Limited, and DIC Corporation. Product innovation coupled with expansion strategies are expected to be adopted by the mid-sized manufacturers to increase their global presence.
U.S. emulsion polymer market volume by product, 2014-2024, (Kilo Tons)
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Increasing construction spending, particularly in Asia Pacific and the Middle East, has prompted the demand for paints & coatings in the recent past. The growth of paints & coatings industry has had a direct impact on emulsion polymer demand. Stringent environmental regulations to control noxious chemical emissions coupled with increasing preference for greener products are expected to limit synthetic based demand and augment bio-based and water based product demand. Volatile prices of key raw materials are expected to remain a key challenge for market participants over the forecast period.
Acrylics was the leading product segment and accounted for 39.3% of total market volume in 2015. High demand for diapers & training pants and personal care particularly in the emerging markets of Asia Pacific is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 6.0% from 2016 to 2024.
Grand View Research has segmented the emulsion polymer market on the basis of product, application and region:
Global Emulsion Polymer Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)
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Acrylics
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Styrene-Butadiene Latex
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Vinyl Acetate Polymers
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Others
Global Emulsion Polymer Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)
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Paints and Coating
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Paper and Paperboard coating
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Adhesives
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Others
Global Emulsion Polymer Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)
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North America
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U.S
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Mexico
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Europe
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European Union (EU)
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Russia
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Turkey
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Asia Pacific
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China
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India
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Japan
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South Korea
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Central & South America
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Brazil
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Middle East and Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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