
The Europe polymer emulsion market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rapid urbanization, which has led to a significant increase in the construction activities.
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The process of combining two liquids with different densities can be characterised as an emulsion. Polymer emulsions are made up of small polymers suspended in a liquid that function as emulsifiers and stabilisers. In water, it is a colloidal dispersion of discrete polymer particles with a particle diameter of 0.01–1.0 microns. Adhesives, inks, medication delivery systems, gloves, floor polish, paints, coatings, films, and cosmeceuticals are few of the uses for emulsion polymers.
Styrene, acrylic acid, butadiene, acrylate ester, and methacrylate ester are the most common monomers utilised in the emulsion polymerization process. Paper and paperboard, textiles, and construction chemicals are made with polymer emulsions. Polymer emulsion manufacturing is an ecologically acceptable technique for producing polymers with a high molecular weight and low density organic substances that are volatile in nature.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from end-use industries is anticipated to boost the market growth during the forecast period.
- Rising use of adhesives in the automotive coating industry is projected to propel the market expansion.
- Growing awareness about green buildings is estimated to drive the polymer emulsion market growth in the coming years.
- The outbreak of COVID-19 restricted the market growth during the forecast period. However, the relaxation in restriction has helped the market recover.
- Availability of substitutes and stringent regulations regarding volatile organic compound (VOC) emissions are projected to hamper the market expansion in the coming years.
- Increasing R&D investment on water-based paints in anti-corrosive applications is expected to create opportunities for the market players.
Europe Polymer Emulsion Market Segment Insights
Acrylics segment to account a major market share
Based on product types, the market is segmented into acrylics, polyurethane (PU) dispersions, styrene butadiene (SB) latex, vinyl acetate, and others. The acrylics segment is expected to hold a key market share during the forecast period. Acrylic polymer emulsion is used widely in variety applications due to its characteristics, such as excellent durability. It is also preferred in various end-use applications due to its versatility.
Paints & coatings segment is expected to grow at a significant pace
In terms of applications, the market is divided into adhesives & carpet backing, paper & paperboard coatings, paints & coatings, and others. The paints & coatings segment is expected to grow at a robust pace in the coming years. In the architectural industry, paints and coatings are widely utilised for both external and interior purposes. The main emulsion polymers utilised in such paints and coatings include acrylic, vinyl acrylic, styrene acrylic, and vinyl acetate ethylene copolymer latex.
Germany to dominate the market
On the basis of geography, the market is classified as Germany, UK, France, Italy, Spain, and Rest of Europe. Germany is anticipated to dominate the market during the forecast period. The demand for new houses is estimated to be around 330,000 per year by 2020, which is expected to drive the construction sector in the country. The commercial buildings demand in the country is estimated to grow at a substantial rate during the forecast period due to lower interest rates and several investments by the European Union and the Government of Germany. Increasing vehicle sales and the recovery in the economy are projected to offer a steady contribution to the market.
Competitive Landscape
Key players competing in the Europe polymer emulsion market include Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, and Dow.
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