Emulsion Polymer Products Global Market Expected to Grow at a Rapid Pace: Grand View Research
Published July 9, 2014
Increasing environmental concerns and stringent regulations, various restrictions are being imposed on the emission of volatile organic compounds (VOCs). These restrictions have obligated the coating manufacturers to articulate coatings with zero or very low VOCs content. It led to initiation of emulsion polymerization into the global market and made its presence over a wide area. Emulsion polymerization technique produces high molecular weight polymers with little viscosity. However polymers can also be tailor made according to the usage, to display the desired morphology and composition. Increasing awareness in end users regarding side effects VOC present in most of the solvent based products is expected to drive emulsion polymer market over the forecast period due to lower VOC content in emulsion polymers. Increasing demand for paint owing to increasing construction industry is also expected to fuel the market growth over next six years. Various government regulations regarding usage of emulsion polymers is expected to affect the demand for emulsion polymers in a positive way. Growing paper & paper board industry as well as increasing demand for adhesives are also expected to push the market growth over the forecast period. Fluctuating prices of raw material is expected to be a key challenge in front of market growth. Use of bio based emulsion polymer is expected to drive the emulsion polymer market over the forecast period. Invention of substitute material is also expected to be a key hurdle in front of emulsion polymer market. Key market players such as BASF, Dow Chemicals are trying to sustain in the market but smaller companies are finding it difficult to keep a place in the emulsion polymers market.
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