Polymer Emulsion Market Is Estimated To Witness High Growth Owing To Opportunity Of Increasing Deman

Author : Ashish Thapa | Published On : 15 Jan 2024

Polymer emulsions are water-based dispersions of finely divided polymer particles stabilized by surfactants. They are extensively used in numerous applications such as paints & coatings, paper & paperboards, textiles & fibers, and adhesives & sealants. These emulsions provide benefits such as easy application, non-toxicity, and low volatile organic compound emissions. The growing construction activities as well as increasing focus on environment-friendly products are fueling the demand for polymer emulsions across the globe.
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The global Polymer Emulsion Market is estimated to be valued at US$ 33.18 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Increasing demand from various end-use industries is estimated to offer lucrative growth opportunities for polymer emulsion market. The paints & coatings sector is the largest consumer of polymer emulsions due to their extensive use in architectural and industrial coatings. Additionally, environmental regulations banning the use of solvent-based adhesives are promoting the adoption of water-based polymer emulsion adhesives in various end-use industries like packaging, construction, woodworking, and automotive. Moreover, the rising demand for paper from food packaging and tissue industries is augmenting the consumption of polymer emulsions in paper processing. Thus, the growing requirements from diverse applications across industries are expected to boost the demand for polymer emulsions during the forecast period.

Porter's Analysis

Threat of new entrants: The threat of new entrants is low because manufacturing polymer emulsions requires high capital investment and technical expertise. Established players enjoy economies of scale in production and distribution.

Bargaining power of buyers: The bargaining power of buyers is moderate. Buyers have several suppliers to choose from for polymer emulsions. However, switching costs are low.

Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of substitutes and limited differentiation in raw materials. Suppliers do not have pricing power.

Threat of new substitutes: The threat of substitutes is moderate. Some substitutes include solvent-borne polymers and water-borne polymer dispersions. However, polymer emulsions are environment-friendly.

Competitive rivalry: Competition in the polymer emulsion market is high due to presence of numerous international and regional players. Players compete based on product quality, price, and innovation.

SWOT Analysis

Strengths: Polymer emulsions offer several advantages over organic solvents such as being non-toxic, non-flammable and environment-friendly. Wide applications in industries like paints & coatings.

Weaknesses: Issues with emulsion stability and higher production costs. Vulnerable to fluctuations in raw material prices.

Opportunities: Growing end-use industries like construction and automotive present new avenues. Potential in emerging economies of Asia Pacific and Latin America.

Threats: Stringent environmental regulations around the globe increase compliance costs. Threat from substitutes limits pricing flexibility.

Key Takeaways

The global Polymer Emulsion Market Demand is expected to witness high growth during the forecast period due to increasing use of Polymer Emulsion in paints & coatings industry. The global polymer emulsion market is estimated to be valued at US$ 33.18 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.

The Asia Pacific region dominates the global market and is expected to grow at a high rate due to rising construction and industrial activities in China, India. Growth in the construction and automotive industries drives demand.

Key players: Key players operating in the Polymer Emulsion market are VIVUS Inc., Pfizer Inc., Novo Nordisk, Bayer AG, F Hoffmann-La Roche, Glaxosmithkline, Arena Pharmaceuticals, Eisai Co. Ltd., Takeda Pharmaceutical Company, and Nalpropion Pharmaceuticals Inc.
 
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