Growing demand for paints and coatings applications to drive post-crisis growth
Additionally, emulsion polymers have low VOC components. This, along with growing consumer awareness for safer products, will create significant demand for emulsion polymers during the forecast period.
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In 2020, APAC accounted for around 52% of the global market share, and the region is expected to continue to dominate during the forecast period. Thriving end-user industries such as automotive and construction are creating a huge demand for emulsion polymers in the region. In addition, the introduction of strict standards to reduce products containing high levels of VOCs increases the use of alternatives such as emulsion polymers in end user industries in APAC.
Likewise, on the basis of application, the market generated maximum revenue from the paints and coatings segment in 2020. The growth of the segment can be attributed to the growing consumer interest in interior decorations and paint protection. exterior. In addition, the increasing use of emulsion polymers in high performance paints and coatings applications will support the growth of the segment during the forecast period.
Although the emulsion polymers market is expected to register healthy growth during the forecast period, increasing the cost of raw materials and stability issues with emulsion polymers may reduce the growth opportunities for market players. . This Emulsion Polymers market report will help companies better equip themselves, make informed decisions, and develop effective strategies to improve their market position.
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