Emulsion Polymers Market Size

Global Emulsion Polymers Market Overview

Emulsion Polymers Market Size was prized at USD 31.36 billion in 2023. The emulsion polymers industry is projected to grow from USD 33.78 Billion in 2024 to USD 55.18 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.33% during the forecast period (2024 - 2032). Due to factors including the end-use industry's strong growth, the market for emulsion polymers has seen significant growth. Additionally, strict VOC emission rules and rising demand for bio-based emulsion polymers have increased demand for natural veneer is the key market driver enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Emulsion Polymers Market Trends

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The  expansion of residential and commercial development has significantly influenced the demand for emulsion polymers used in architectural paints and coatings. Due to the Asia-Pacific region's apparent economic potential and expanding housing needs, large-scale residential and commercial development projects have been underway. Investments in businesses like tourism, hospitality, and healthcare are encouraged by government measures to boost non-oil industries in the Middle East, which has raised the demand for and spending on commercial infrastructure. In North America, there are many more home construction and remodeling projects. A projected 15.6% more housing units—1,595,100—were started in 2021 than in 2020 (1,379,600). Therefore the growing construction industry has enhanced the emulsion polymers market CAGR ly in recent years.

With the certification of a variety of bio-attributed acrylic monomers using the mass balance* strategy in 2022, Arkema declares a significant advancement in its cutting-edge sustainable provide. With the help of these monomers, Arkema is able to provide certified bio-attributed specialized acrylic resins and additives for a variety of uses. This establishes the Group as a major market partner for clients and as a leader in the supply of bio-attributed acrylic materials worldwide.

Franklin Adhesives & Polymers introduced a line of emulsion detachable pressure-sensitive adhesives (PSAs) with adjustable performance balance in 2024. These adhesives comply with the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulations. Emulsion removable PSAs for polymer, glass, textured surfaces, and other applications are available in the new Covinax series. In addition to providing easy removal without leaving residue or harming materials including paper, plastics, glass, metal, and painted surfaces, removable PSAs provide temporary bonding.

EPS 2585, a high-solids waterborne acrylic emulsion with the capacity to formulate direct-to-metal applications at <100g/L VOC, was introduced by EPS - Engineered Polymer Solutions in 2023. High-performance general industrial and railcar coatings with exceptional hardness, block resistance, and early water resistance are advised to use EPS 2585.

In June 2023, BASF collaborated with Avient Corporation to come up with color grades for Ultrason® high-performance polymers. The Color grades of Ultrason® high-performance polymers were introduced worldwide due to an alliance between Avient Corporation and BASF. By providing end-to-end technical support ranging from base polymer to final painted product, this cooperation will bring specific benefits to clients within consumer food service, electrical electronics, and healthcare fields.

Figure 1: Total new residential construction in the U.S from 2008 to 2020Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

In the near future, it is anticipated that increased adhesive use in the automobile coating industry will considerably contribute to market growth. As environmental concerns grow, regulatory agencies like the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) are being forced to set strict guidelines to promote the use of bio-based products and reduce harmful environmental effects. Toluene, methyl chloride, styrene, acrylonitrile, and other harmful chemical emissions are under control thanks to regulations set by these regulatory organizations under the Clean Air Act. These programs encourage the use of water-based emulsion polymers rather than synthetic ones. Thus, the expanding automobile sector is another factor driving the growth of the emulsion polymers market revenue.

Emulsion Polymers Market Segment Insights

Emulsion Polymers Type Insights

The emulsion polymers market segmentation, based on type, includes adhesives & sealants, paper & paperboard, paints & coatings, and others. The acrylics category dominates the market for emulsion polymers. With their qualities, including low VOC emission and good durability, acrylic emulsion polymers are widely employed in various applications.

September 2020: Dow is expanding its focus on the label business with the North American launch of its INVISUTM Acrylic Adhesive portfolio, the latest innovation for pressure-sensitive paper and film label applications. The new technologies make it easier for label stock manufacturers, converters, and brand owners to meet new and evolving industry expectations. This creation has further broadened the growth opportunity for the emulsion polymers industry.

The second fastest-growing segment in the emulsion polymers industry is vinyl acetate. With the expanding applications in end-user sectors, including building and construction, automotive, etc., vinyl acetate is anticipated to have the fastest-increasing segment.

Emulsion Polymers Application Insights

The  emulsion polymers market data has been bifurcated by application into adhesives & sealants, paper & paperboard, paints & coatings, and others. The main market for emulsion polymers is the paints and coatings sector with respect to the  emulsion polymers market revenue. Since emulsion polymers paints and coatings have a smaller carbon footprint during manufacture, it is frequently employed in paints and coatings. The need for water-based paints and coatings surged, fueling the expansion of emulsion polymers in the paint and coatings market.

Figure 2:  Emulsion Polymers Market, by Application, 2021 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The second fastest-growing segment in the emulsion polymers industry is paper and paperboard. Since the food and beverage sector is moving toward sustainable food packaging choices, the coated paper and paperboard packaging segment is expected to experience considerable growth throughout the forecast period. Hence, rising applications of emulsion polymers in paper packaging positively impact market growth.

Emulsion Polymers Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific Emulsion Polymers market accounted for USD 10.7 billion in 2021 and is expected to exhibit a significant CAGR of 43.2 percent growth during the study period. The end-user sectors, including automotive, construction, electronics, and packaging, have been driving demand for goods like paints, coatings, and adhesives. India, Thailand, Vietnam, Pakistan, and Malaysia are just a few of the nations where the manufacture of automobiles has seen a noteworthy increase. The largest auto manufacturer in the world, China, intends to create 2 million electric vehicles (EVs) annually by 2020 and 7 million annually by 2025. Moreover, China's emulsion polymers market held the largest market share, and the Indian emulsion polymers market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  EMULSION POLYMERS MARKET SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America’s emulsion polymers market accounts for the second-largest market share. With the nation’s robust economy, favorable commercial real estate market fundamentals, and increased federal and state funding for infrastructure projects and institutional buildings, the construction industry in the United States has kept growing. The nation's expanding population is anticipated to increase housing demand. A further projection for the next ten years is the construction of around 20 million homes. Further, the U.S emulsion polymers market held the largest market share, and the Canadian emulsion polymers market was the fastest-growing market in the region.

Europe’s Emulsion Polymers Market is expected to grow at the fastest CAGR from 2022 to 2030. The demand for commercial construction is predicted to increase, especially in countries like Germany, France, Russia, and Spain. This is largely because more people are using the product to improve the aesthetics of structures. Experts in the field predict that the demand for new homes will increase by 350,000 annually through 2020, which would help the building industry. During the projected period, there is expected to be strong growth potential for non-residential and commercial buildings in the nation. Further, the German emulsion polymers market held the largest market share, and the UK emulsion polymers market was the fastest-growing market in the European region.

Emulsion Polymers Key Market Players & Competitive Insights

The emulsion polymers market will keep expanding since the major market players are spending a lot of money on R&D to broaden their product offerings. Market participants are engaged in several strategic initiatives to expand their worldwide presence, in addition to important market developments such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. Competitors in the emulsion polymers industry must offer products at competitive prices if they want to thrive and survive in a hostile climate where competition and the market are expanding.

One of the primary business strategies manufacturers use in the worldwide emulsion polymers industry to assist clients and expand the market sector is local production to reduce operational costs. Recently, the emulsion polymers industry has contributed some of the most significant advantages to medicine. Emulsion Polymers major market players, including Omnova Solutions Inc. (U.S), DIC Corporation (Japan), The Dow Chemical Company (U.S), and Celanese Corporation (U.S), are investing in R&D activities to boost consumer demand.

Celanese Corporation, previously Hoechst Celanese, is a technology and specialty materials corporation based in Irving, Texas. The Fortune 500 firm is the world's top producer of acetic acid, generating around 1.95 million tonnes per year, accounting for approximately 25% of  production. Celanese is also the largest manufacturer of vinyl acetate monomers in the world. In January 2020, Celanese will begin a debottlenecking operation at its Nanjing VAE production facility in 2022, with a capacity of 20,000 metric tonnes per year. Celanese will increase VAE production capacity at its Nanjing site by 65,000 metric tonnes per year by building a third VAE reactor by late 2022, bringing overall VAE capacity at the Nanjing facility from 130,000 to 215,000 metric tonnes per year. Through Celanese's sustainable products and solutions, in the end, uses like redispersible powders and waterproofing, these expansion steps complement emulsion polymers growth aspirations in Asia.

Also, Synthomer PLC creates, manufactures, and distributes tackifying resins and adhesive additives. The company concentrates on appealing end markets such as packaging, cleanliness, and high-performance tire additives. Synthomer serves customers in the United Kingdom. Polymers from the company assist customers in developing new goods and improving the performance of existing products in major industries such as coatings, construction, textiles, paper, and synthetic latex gloves. In April 2020, Synthomer plc bought Omnova Solutions Inc., a specialty chemical company and a leading supplier of water-based polymers solutions. The acquisition significantly boosts Synthomer's footprint in North America while expanding its presence in Europe and Asia, including additional penetration into the rapidly expanding Chinese market. Synthomer seeks to boost production and service by leveraging best practices across the larger Group.

H.B. Fuller announced on May 2023 the acquisition of Beardow Adams, a British family business involved in making multi-purpose industrial adhesives. The acquisition of the company will contribute to profitable growth in end markets and will generate business synergies through production optimization, a broader distribution platform, and differentiated innovation.

Key Companies in the emulsion polymers market include

• Celanese Corporation (U.S)


• BASF SE (Germany)


• The Dow Chemical Company (U.S)


• Arkema Co. (France)


• Koninklijke DSM N.V. (Netherlands)


• DIC Corporation (Japan)


• Trinsea Co. (U.S)


• Wacker Chemie AG (Germany)


• Omnova Solutions Inc. (U.S)


• Nuplex Industries Ltd (Australia)

Emulsion Polymers Industry Developments

June 2020: Megafarma, an Azelis firm, is pleased to announce that Celanese, a  chemical and specialty materials company, has permitted it to market its emulsion polymers in Mexico under the conditions of a new distribution agreement between the parties. The following Celanese products are included in the non-exclusive distribution agreement: Resyn, Tufcor, Vinac, Dur-O-Set, Avicor, Celvolit, EcoVAE, and Flexbond. The deal goes into effect immediately.

In October 2023, Asahi Kasei revealed plans for investment into new coating equipment dedicated to HiporeTM lithium-ion battery separators. This will be installed at their existing plants across the United States of America, South Korea, and Japan so as to start operation in the first quarter of 2026.

May 2022 saw the establishment of a leading global partnership in high-performance engineering plastics by LANXESS and Advent International.

Emulsion Polymers Market Segmentation

Emulsion Polymers Type Outlook

• Vinyl acetate polymers


• Styrene-butadiene latex


• Acrylics


• Polyurethane dispersions


• Others

Emulsion Polymers Application Outlook

• Adhesives & Sealants


• Paper & Paperboard


• Paints & Coatings


• Others

Emulsion Polymers Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America