Emulsion Polymer Market Size, Share & Trends Analysis Report By Type (Acrylics, Styrene-Butadiene Latex), By Application (Paints & Coatings, Adhesives & Sealants), By End-use Industry, By Region, And Segment Forecasts, 2023 - 2030

Emulsion Polymer Market Size, Share & Trends Analysis Report By Type (Acrylics, Styrene-Butadiene Latex), By Application (Paints & Coatings, Adhesives & Sealants), By End-use Industry, By Region, And Segment Forecasts, 2023 - 2030

Emulsion Polymer Market Growth & Trends

The global emulsion polymer market size is anticipated to reach USD 49.35 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.4% from 2023 to 2030 in terms of revenue. The growing construction activities globally an increasing application of emulsion polymers in paint & coating industry is driving the market.

The COVID-19 pandemic had a significant impact on the emulsion polymer market. The initial lockdowns and supply chain disruptions caused a slowdown in demand and production. The pandemic has created challenges for the emulsion polymer market, but it has also opened new opportunities for growth in certain industries including healthcare industry.

Emulsion Polymer Market Report Highlights

• Based on type, the acrylic polymer segment accounted for the largest revenue share of 41.2% in 2022. Factors such as the increasing demand for high-performance materials, the need for lightweight and durable materials, and growth in end-use industries are expected to drive the segment growth. This growth is likely to be further accelerated by the increasing focus on sustainability and the development of bio-based acrylic polymers.
• Based on application, the paint & coating segment dominates the market with a share of 44.8% and is expected to continue over the forecast period. Growing demand for energy-efficient and sustainable buildings is expected to drive the demand for paint and coatings that offer better insulation, durability, and protection against UV rays and extreme weather conditions. The segment is expected to grow at a CAGR of 6.9% over the forecast period.
• Based on the end-use industry, the building & construction segment held the largest market share of 37.5% and is expected to grow at a fastest CAGR of 7.1% over the forecast period. This growth can be attributed worldwide infrastructure development and increasing commercial and residential sector.
• Asia Pacific holds a market share of 33.6% in 2022 and is expected to grow at the fastest CAGR of 7.0% over the forecast period. China, India and Japan are the major contributor to this significant growth. This can be attributed to rising investment in construction projects, an expanding middle class, improved lifestyles, and rising purchasing power of consumers. North America is anticipated to expand at a CAGR 6.3% over the forecast period.
• Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies adopted by the companies over the past years. For instance, in October 2022, Synthomer PLC extended its collaboration with Ravago, a Belgian plastic-producing company as their distribution partner. With the help of Ravago, Synthomer PLC expanded its business in the French market for coatings, construction, adhesives, and fiber bonding.

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