Polymer Emulsion Market Trends

Growth Drivers

• Boom in the Paints & Coatings Industry – Owing to their distinct advantages and capacity to enhance the finishing of the final product, polymer emulsions are extensively employed in the paint and coatings industry. Indoor and outdoor paints, structural coatings, and protective coatings are just a few of the paint and coating kinds that can employ polymer emulsions. The growing construction rate has propelled the utilization of paints and adhesives in various processes. Thus, the growing need for paints & adhesives is expected to attract growth opportunities for the polymer emulsion market. In 2020, the global paint and coatings industry was estimated to be valued at USD 160 billion globally.
• Expansion of the Automotive Industry - Polymer emulsions are largely employed in the manufacture of vehicle coatings in the automotive sector. They can be utilized to enhance the coating's water resistance, flexibility, and other crucial attributes for automobile coatings. Additionally, they can be employed to improve the coating's adherence to the surface and improve the look in general. Additionally, they may be utilized in the creation of sealants and adhesives for vehicles, which are employed to assemble various components. Recent calculations stated that revenue generated worldwide by the global automotive industry by 2030 is projected to reach USD 9 trillion.
• Development in Chemical Industry – Polymer emulsions are used in the chemical industry for a variety of purposes, including lubricants, and as a starting point for the synthesis of additional polymers. Additionally, they can be employed as a dispersing agent to assist maintain the suspensions of insoluble compounds in liquids. The latest reports stated that the revenue garnered by the global chemical industry in the year 2021 was approximately 4 trillion dollars, a considerable increment from the previous year with 3 trillion dollars.
• Increased Research and Development Expenditure – As per the World Bank, the statistics revealed that the expenditure on research and development activities accounted to be 2.63% of the total GDP in 2020, a considerable rise from the year 2017 with 2.13% of the total GDP.

Challenges

• Fluctuation in Costs of Raw Materials
• Stringent Government Rules - Polymer emulsion involves the secretion of lots of harmful chemicals into the environment, which impacts both human and ecological health. Therefore, governments worldwide mandate strict rules and regulations to prevent the exploitation of the environment.
• Long Production Cycles