Polymer Dispersions Market

Global Polymer Dispersions Market Size (2024 to 2029)

The global Polymer Dispersion Market is predicted to grow at a CAGR of 10.4% from 2024 to 2029 and the market size is expected to be valued at USD 20.22 billion by 2029 from USD 12.33 billion in 2024.

MARKET OVERVIEW

Polymer dispersion is a waterborne emulsion polymer with a colloidal particle at a stabilized state more commonly known as latex. Polymer dispersion protects from water, vapor, grease, and other substances. It has various applications such as inks, adhesives, paints, coatings, papers, and sealants. The type of polymer dispersion to be used is selected based on the particle size and the presence of reliable content. Recent conditions increase in health concerns and rising per capita income are fuelling the demand for eco-friendly materials for use in the production of adhesives and coatings across various end-user industries. This is deemed to fuel the call for water-based polyurethane dispersions over the foreseen years. Increasing demand for polymer dispersion across numerous end-user industries like automotive, packaging, and construction is a significant factor that helps in the growth of the polymer dispersion market. The rapidly growing packaging and automotive sector boost the polymer dispersion market.

MARKET DRIVERS

The call for polymer dispersions is predicted to rise in the coming future owing to the growth in the leather industry. Polymer dispersions are majorly employed in the manufacturing of leather products and adhesives. The manufacturing of interior decorating items is also estimated to provide high growth to the polymer dispersion market in the coming few years. An increase in disposable income has resulted in an increase in customer interest in the modification of old interior furnishings. This is driving the polymer dispersion market. The expansion of the worldwide polymer dispersion industry is driven by the escalating call in the paints and coatings segment. Polymer dispersions are broadly employed in manufacturing decorative and protective paints and coatings; rising construction activities in growing and growing economies across the world are, hence, estimated to fuel the call for polymer dispersions in paints and coatings.

The acrylic dispersion sector of the worldwide polymer dispersion industry, on the basis of the type sector, is predicted to be the quickest growing throughout the estimated time period. This is owing to the huge utilization of acrylic dispersions in the production of water-based coatings as they are a lot more eco-friendly when compared to solvent-based dispersions. Stringent environmental rules on the employment of solvent-based dispersions owing to VOC emissions are further estimated to drive the demand for polymer dispersions in the near years. 

MARKET RESTRAINTS

The European Union has lowered the limit of VOC content in paint and coating formulations. This is likely to increase the cost of coating manufacturers and decrease the usage of solvent-based polymer dispersion in the future. 

Point of environment-related concerns, high costs, and strict regulations, polymer dispersion manufacturers are shifting their focus toward using water-based technology for the production of polymer dispersions. Strict rules imposed on the use of polymer dispersions are likely to restrain the global polymer dispersion market during the outlook period.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL POLYMER DISPERSIONS MARKET INCLUDED IN THIS REPORT

This research report on the global polymer dispersions market has been segmented and sub-segmented based on application, resin type, application, end-user, and region.

Global Polymer Dispersions Market By Resin Type

• Acrylic
• Polyurethane (PU)
• Vinyl
• Styrene-Butadiene

The acrylic dispersions resin type is predicted to dominate the resin kind sector of polymer dispersions on the basis of worth and mass, during the determined time. 

Global Polymer Dispersions Market By Application

• Decorative Coatings
• Protective Coatings
• Automotive Coatings
• Printing Inks
• Leather
• Adhesives
• Others

The decorative & protective coating application accounted for the highest share of the application sector on the basis of value and volume. 

Global Polymer Dispersions Market By End User

• Automotive
• Consumer Goods
• Packaging
• Paints
• Construction

The negotiating strength of the raw material suppliers in the polymer dispersions industry is average. This is owing to the low demand and supply gap, less number of fixed global buyers, and the threat of forwarding integration.

REGIONAL ANALYSIS

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Asia-Pacific is determined to be the quickest-rising polymer dispersion industry, with India and China as the dominating industries.

The utilization of polymer dispersions in decorative and protective coatings is projected to drive market expansion in the Asia Pacific owing to the escalating customer consciousness of the deadliness of VOC, collaborated with the escalating adoption of green coatings use in the building and automotive businesses. North America held for the maximum share of the polymer dispersion market in 2023.

This forecast is estimated to carry on throughout the foreseen period. The rise in the use of polymer dispersions in decorative and furniture coating applications is enhancing the polymer dispersion market in the North America region. Europe is anticipated to have a medium share of the polymer dispersion market over the foreseen period. These factors are driving the use of polymer dispersions in Europe. This trend is probable to continue in the coming future. The Latin American market is estimated to rise at a quick rate in the foreseen period with the growing automotive industry in Brazil and Mexico. The market in the Middle East & Africa is probable to raise at a considerable rate in the coming years with rising investments in the construction business.

KEY MARKET PLAYERS

Dow Chemical Company, BASF SE, Evonik Industries AG, Synthomer, Polymerics Inc, Solvay Group, Michelman, Vinavil S.p.A, IKERLAT Polymers S.L, Covestro AG are some of the notable companies in the global Polymer Dispersions market.

RECENT HAPPENINGS IN THE MARKET

• Laiex, a renowned chemical company in Spain has started a plant in Germany by partnering with König Ludwig Beteiligungsgesellschaft. The joint venture aims to improve the current manufacturing capacity of polymer dispersions in the plant.
• BASF has introduced two new polymer dispersion products in India at Paint India 2016 event held in Mumbai. Acronis 7079 and AQAcell HIDE 6299 are developed in order to assist paint and coatings to keep building exteriors clean and durable and control the carbon footprints by limiting the usage of titanium dioxide (TiO2).