REPORT HIGHLIGHT
Synthetic and Bio Emulsion Polymers Market size was valued at USD 36,908.3 Million in 2022, expanding at a CAGR of 6.8% from 2023 to 2030.
Synthetic and bio-emulsion polymers are two forms of polymer materials that are widely employed in a variety of sectors for a variety of purposes. Synthetic emulsion Polymers are synthetic polymers that are formed in the form of colloidal suspensions, often known as emulsions. These emulsions are made up of small polymer particles suspended in water and are often stabilized by surfactants. Bio-emulsion polymers are a type of emulsion polymer made from bio-based or renewable basic ingredients. These polymers are frequently designed with sustainability and low environmental impact in mind. Bio-emulsion polymers are utilized in environmentally friendly coatings and paints, where the utilization of renewable raw resources is consistent with sustainability goals. These polymers are becoming more popular as environmentally concerned consumers and industry look for alternatives to typical synthetic polymers, which are frequently generated from fossil fuels. These bio-based products could help reduce carbon footprints and dependency on non-renewable resources.
Synthetic and Bio Emulsion Polymers Market - Market Dynamics:
- Expansion of the Paint and coating industry is expected to drive the market growth.
- Synthetic emulsion polymers are extensively employed as binders in water-based paints and coatings. As the paint and coating business grows, so does the demand for folders that provide adhesion and film-forming capabilities. This fosters the growth of the synthetic emulsion polymer industry. The growing paint and coating business is becoming increasingly concerned with sustainability and environmentally friendly solutions. Bio-emulsion polymers generated from renewable resources are compatible with these sustainability objectives. They are becoming more important as consumer and regulatory pressures for greener products increase. The paint, printing inks, and wallcoverings industries supply the construction, home improvement, printing, automotive, aerospace, and other advanced manufacturing sectors worth over USD297 billion to UK plc. 300,000 people are directly involved in manufacturing, applying, or using coatings, according to British Coatings Federation Ltd. Polymer technological advancements may appear in emerging applications and increased product functionality, opening up new market niches. However, Certain synthetic polymers' market expansion may be hampered by environmental and health risks linked with their manufacture and disposal.
Synthetic and Bio Emulsion Polymers Market - Key Insights:
- As per the analysis shared by our research analyst, the global Synthetic and Bio Emulsion Polymers market is estimated to grow annually at a CAGR of around 6.8% over the forecast period (2023-2030)
- Based on Product type segmentation, Vinyl Acetate Polymers were predicted to show maximum market share in the year 2022
- Based on Application segmentation, Paints and Coatings was the leading type in 2022
- On the basis of region, Europe was the leading revenue generator in 2022
Synthetic and Bio Emulsion Polymers Market- Segmentation Analysis:
- The Global Synthetic and Bio Emulsion Polymers Market is segmented on the basis of Product Type, Application, and Region.
- The market is divided into three categories based on product type: Vinyl Acetate Polymers, Acrylics, Styrene-Butadiene Latex, and Others. Vinyl Acetate Polymers dominate the market growth. A common method for achieving such alteration is the use of Vinyl Acetate Polymers such as Ethylene Vinyl Acetate (EVA) and Polyvinyl Acetate (PVA). Understand why Vinyl Acetate Polymers are preferred over other polymer modifiers. This could be due to specific performance attributes, cost issues, or geographical preferences.
- The market is divided into two categories based on application: Paper and Paperboard Coatings, Paints and Coatings, Adhesives, Textile and Non-Woven, and Others. The Paints and Coatings sector dominates the market and is likely to maintain its dominance during the forecast period. Polymer Modified Bitumen (PMB) is well recognized for its use in road construction. When they consider paints and coatings, the conversation moves to waterproofing solutions, sealants, and protective coatings. Because of their outstanding waterproofing and adhesive qualities, modified bitumen is frequently employed in coatings.
Synthetic and Bio Emulsion Polymers Market - Geographical Insights:
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Europe is expected to drive the growth of the Synthetic and Bio Emulsion Polymers Market, due to growth in construction projects and Increasing infrastructure spending along with paints and coating industry development. Many European countries are experiencing urban reconstruction and expansion, necessitating the use of high-quality construction materials. Emulsion polymers, which are used in adhesives and coatings, are in high demand. There are 12,384 Painting businesses in the UK as of 2023, an increase of 0.3% from 2022, according to IBIS World. Asia Pacific held the second-largest market in the forecast period, due to Increasing High-quality Paints and coating demand.
Synthetic and Bio Emulsion Polymers Market- Competitive Landscape:
Emulsion polymers are widely employed in a wide range of applications, from paints and coatings to adhesives. The market is divided into two categories: synthetic emulsion polymers and bio-based emulsion polymers. As worries about environmental sustainability rise, there is a growing shift toward bio-based products. Identify developing and prominent players in the bio-based industry. Companies in this category could be newcomers or existing companies diversifying towards sustainable products. While synthetic emulsion polymers have historically dominated the industry, the growing emphasis on sustainability is opening up considerable prospects in the bio-based category. Players who can provide high-performance, cost-effective, and long-term solutions will likely emerge as leaders in the changing competitive field. For Example, OMNOVA Solutions Inc. announced nowadays that its proposed acquisition by Synthomer plc has been approved by the European Commission, subject to Synthomer's divestiture of its small Germany-based vinyl pyridine latex business. Synthomer has received expressions of interest from a number of potential buyers.
Recent Developments:
On January 17, 2023, BASF announced an investment in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. The expansion is in line with the growing trend of high-quality packaging in ASEAN where key paper and board manufacturers are located.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SYNTHETIC AND BIO EMULSION POLYMERS MARKET KEY PLAYERS
- BASF
- Arkema
- Lubrizol Corporation
- DIC Corporation
- Wacker Chemie
- Momentive Performance Materials
- Trinseo
- Nuplex Industries
- Omnova Solutions
- DOW Chemical
GLOBAL SYNTHETIC AND BIO EMULSION POLYMERS MARKET, BY PRODUCT TYPE
- Vinyl Acetate Polymers
- Acrylics
- Styrene-Butadiene Latex
- Others
GLOBAL SYNTHETIC AND BIO EMULSION POLYMERS MARKET, BY APPLICATION
- Paper and Paperboard Coatings
- Paints and Coatings
- Adhesives
- Textile and Non-Woven
- Others
GLOBAL SYNTHETIC AND BIO EMULSION POLYMERS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA