Asia-Pacific Polymer Emulsion Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Acrylics, Polyurethane (PU) Dispersions, Styrene Butadiene (SB) Latex, Vinyl Acetate, and Other Product Types), Application (Adhesives & Carpet Backing, Paper & Paperboard Coatings, Paints & Coatings, and Other Applications), and Geography (China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, and Rest of Asia-Pacific)

Market Snapshot

Market Summary - Asia-Pacific Polymer Emulsion Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >6 %

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Market Overview

The Asia-Pacific polymer emulsion market is estimated to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. The major factor driving the growth of the market studied is growing awareness with regard to volatile organic compound (VOC).

  • Availability of substitutes are likely to hinder the markets growth.
  • Rising demand for water-based paints and coatings is likely to create opportunities for the market in the coming years.
  • China is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the Report

The Asia-Pacific polymer emulsion market report includes:

Product Type
Acrylics
Polyurethane (PU) Dispersions
Styrene Butadiene (SB) Latex
Vinyl Acetate
Other Product Types
Application
Adhesives & Carpet Backing
Paper & Paperboard Coatings
Paints & Coatings
Other Applications
Geography
China
India
Japan
South Korea
Indonesia
Vietnam
Malaysia
Rest of Asia-Pacific

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Key Market Trends

Increasing Demand from Paints and Coatings

  • Paints and coatings are extensively used in the architectural sector for both, exterior and interior applications. Acrylic, vinyl acrylic, styrene acrylic, and vinyl acetate ethylene copolymer latex are the major emulsion polymers used in such paints and coatings.
  • In the building and construction industry, emulsion polymers are used in the manufacturing process of architectural paints, high scrub interior paints, exterior paints for high durability and wet adhesion, deck and trim paints, and stains and elastomeric coatings. Paints and coatings are applied on exterior of the house to not only give them a new look, but also protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation, without fading, peeling away, and cracking.
  • Additionally, paints and coatings are used in interiors of houses to add colors or decorative purposes, along with a wide range of other functions. Their functions vary, depending upon the type of environment and room that they are used on.
  • For example, due to the moisture, bathroom walls need to have wipe-ability for keeping them clean. Paints with glossier sheens have a tighter molecular structure than flat paints, making it more difficult for moisture to penetrate. Hence, these types of paints are used in bathroom.
  • Owing to all the above-mentioned factors, the market for polymer emulsions is expected to grow during the forecast period.
Asia-Pacific Polymer Emulsion Market - Segmentation

China to Dominate the Market

  • In the Asia-Pacific region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
  • The continuous improvements in economic conditions in the region have enhanced the financial status of the consumers, in turn, boosting the demand for buildings and other infrastructural activities in the country.
  • China’s 13th Five Year Plan started in 2016 as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year.
  • Moreover, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted.
  • Owing to all these factors, the demand for polymer emulsions in the region is expected to increase during the forecast period.
Asia-Pacific Polymer Emulsion Market - Regional Trend

Competitive Landscape

The Asia-Pacific polymer emulsion market is a fragmented market, where numerous players account for insignificant share to influence the market demand, individually. Some of the noticeable players in the market include Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, and Dow, amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Awareness with Regard to Volatile Organic Compound (VOC)

      2. 4.1.2 Rising Demand from the Automotive and Construction Industry

    2. 4.2 Restraints

      1. 4.2.1 Availability of Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Acrylics

      2. 5.1.2 Polyurethane (PU) Dispersions

      3. 5.1.3 Styrene Butadiene (SB) Latex

      4. 5.1.4 Vinyl Acetate

      5. 5.1.5 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Adhesives & Carpet Backing

      2. 5.2.2 Paper & Paperboard Coatings

      3. 5.2.3 Paints & Coatings

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 South Korea

      5. 5.3.5 Indonesia

      6. 5.3.6 Vietnam

      7. 5.3.7 Malaysia

      8. 5.3.8 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel N.V.

      3. 6.4.3 Arkema Group

      4. 6.4.4 Asahi Kasei Corporation

      5. 6.4.5 BASF SE

      6. 6.4.6 Celanese Corporation

      7. 6.4.7 Clariant

      8. 6.4.8 Solvay

      9. 6.4.9 Dow

      10. 6.4.10 Wacker Chemie AG

      11. 6.4.11 Apcotex Industries Limited

      12. 6.4.12 Kamsons Chemical Pvt. Ltd

      13. 6.4.13 Sumitomo Chemical Co., Ltd.

      14. 6.4.14 SETEX (ADPL POLYCHEM)

      15. 6.4.15 Dairen Chemical Corporation

      16. 6.4.16 synthomer plc

      17. 6.4.17 JSR Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Demand for Water-based Paints and Coatings

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Polymer Emulsion Market market is studied from 2016 - 2026.

The Asia-Pacific Polymer Emulsion Market is growing at a CAGR of >6% over the next 5 years.

Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, Dow are the major companies operating in Asia-Pacific Polymer Emulsion Market.

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