Asia Pacific Polymer Emulsion Market

Asia Pacific Polymer Emulsion Market Size (2023-2028):

The Asia Pacific Polymer Emulsion Market was around USD 13.45 billion in the year 2022 and is expected to reach USD 25.9 billion by the end of 2028 with a CAGR of 9.34% during the forecast period 2023-2028.

The Asia Pacific (APAC) area is the world's biggest consumer of polymer emulsion. Increased infrastructure development, expansion in the manufacturing and automotive industries, robust economic growth and a growing middle-class population is driving demand fr polymer emulsion in various applications. Polymer emulsion is obtained by radical polymerization, which generally starts with an emulsion incorporating water, monomer, and surfactant. Owing to their relatively higher weight, the polymer emulsions instantly undergo polymerization. Polymer emulsions are employed in the production of many commercially significant polymers. They have very low levels of VOC content. As a consequence, polymer emulsions have emerged as a preferred material of choice for paint & coating businesses.

Market Drivers:

Growing demand for polymer emulsion is anticipated to be driven by increasing demand for paints & coatings, paper & paperboard and adhesives & sealants in line with the growing population, changing lifestyle and rising disposable revenue.

Increased demand for low VOC goods and eco-friendly goods and the need to comply with strict public laws in both advanced and developing nations provide market development possibilities.

ASIA PACIFIC POLYMER EMULSION MARKET REPORT COVERAGE:

Market Segmentation:

Asia Pacific Polymer Emulsion Market – By Type:

• Acrylics

• SB Latex

• Vinyl Acetate Polymers

Asia Pacific Polymer Emulsion Market – By Application:

• Paints & Coatings
• Adhesives & Sealants
• Paper & Paperboard

Market Regional Existence:    

China dominates the Asia-Pacific industry with a share of more than 45 per cent, with strong demand from the paint & coating segment. The increase in the construction industry, which is the result of rising urbanization and industrialization, coupled with public projects such as the State Council Green Building Action Plan' to support green buildings, is anticipated to drive the market in China during the forecast period.

• China
• India
• Japan
• South Korea

Market Key Players:

1.  Asian Paints Ltd
2. Apcotex Industries Ltd
3. Berger Paints India Ltd
4. Kansai Nerolac Paints Ltd
5. DowDuPont
6. AkzoNobel N.V
7. British Paints
8. Clariant
9. Dynamic Speciality Chemicals Ltd
10. Jenson & Nicholson India Ltd
11. Kamsons Chemicals Pvt. Ltd
12. Nuplex Industries Ltd
13. Shalimar Paints Limited
14. Snowcem Paints
15. Speciality Polymers Pvt Ltd
16. Sumitomo Chemical Co. Ltd
17. Visen Industries Limited
18. Celanese Corp