The polymer emulsion market in Germany is expected to grow at a CAGR of 6% during the forecast period, 2018-2023. The market is driven by many factors, such as stringent government regulations regarding VOCs and the increasing demand from end-user industries, like construction, automotive, etc.
Emulsion polymerization produces polymers with high molecular weight and very less viscosity which reduces VOCs emission. Volatile Organic Compounds (VOC) are major environmental concerns, therefore governments are levying stringent policies to either curtail or completely ban them. This is driving the market. The German government has identified the regulation which targets residential sector air quality and health in buildings, and has limited the usage of high VOC products in construction.
Based on application, paints & coatings accounts for the largest share, greater than 40, as Germany is the largest market in Europe for paints & coatings. The increasing amount of paint exports to other European countries, combined with increasing demand for low VOC decorative paints in the residential sector is expected to drive the market during the forecast period.
Major Players: 3M, Akzo Nobel N.V., Arkema SA, BASF SE, Celanese Corp, Clariant, DowDuPont, Royal DSM NV, Synthomer plc, Wacker Chemie AG, and ZEON Corporation, amongst others.
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