Polymer Emulsion Market Is Estimated To Witness High Growth Owing To Rising Demand From Construction Industry
Polymer emulsions are widely used as binders, adhesives, and coatings in construction. They find major applications in Flooring, sealing compounds, tile adhesives, dry-mortars and waterproofing membranes. The rising government spending towards residential and commercial infrastructure development globally is expected to drive the demand for polymer emulsion in construction 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, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The polymer emulsion market is driven by rising demand from construction industry. Rapid urbanization and growing population has increased infrastructure development activities globally. According to World Bank, the global infrastructure spending is estimated to grow at 3% annually till 2040. This rising construction spending is expected to propel the demand for polymer emulsions in applications such as tile adhesives, flooring, and waterproofing. The other driver for polymer emulsion market is growing use of eco-friendly waterborne coatings. Strict environmental regulations regarding VOC emissions is shifting the demand towards waterborne polymer emulsions from conventional solventborne coatings. This is expected to contribute towards market growth during the forecast period.
SWOT Analysis
Strength: Polymer emulsion is widely used in various industries such as paints and coatings, paper and paperboard, adhesives and sealants, and others. This wide applicability generates strong demand for polymer emulsion. Polymer emulsion also offers properties like high bonding strength and environmental friendliness. It is cost-effective compared to solvent-based systems.
Weakness: Transportation and storage of polymer emulsion requires specialized facilities and equipment due to its aqueous nature and sensitivity to freezing conditions. Raw material price volatility can impact production cost of polymer emulsions.
Opportunity: Growing construction industry in emerging economies drives the paints and coatings application segment of polymer emulsions. Expanding e-commerce sector increases demand for adhesives and sealants using polymer emulsions. Developing bio-based and sustainable polymer emulsions present new opportunities.
Threats: Stringent environmental regulations regarding VOC emissions can hamper the demand for solvent-based adhesives and push users towards water-based polymer emulsion adhesives. Availability of alternatives like hot melt adhesives also poses competition.
Key Takeaways
The global Polymer Emulsion Market Demand is expected to witness high growth. 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 currently dominates the global market and is expected to maintain its leading position during the forecast period. Rapid infrastructural development and growth of end-use industries in China, India, Indonesia, Malaysia, and Thailand support polymer emulsion demand.
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., among others. The market is fragmented in nature with presence of many regional and global players. Strategic partnerships and new product launches remain key strategies adopted by major players to consolidate their market position.
Explore more related article on this topic: https://www.pressreleasebulletin.com/polymer-emulsion-market-demand/
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