The size of the global styrene acrylic emulsion polymer market is increasing rapidly over the past few years. The market growth is notably driven by the dramatically growing construction industry worldwide. Styrene acrylic emulsion polymer is highly resistant to alkali UV rays and demonstrates good adhesive properties. Also, versatile in nature, styrene acrylic emulsion polymer can perform as building blocks and high glass transition temperature.
Resultantly, it is extensively used as a construction chemical in the building construction sector. Moreover, styrene acrylic emulsion polymer is widely used as an opacifier in cosmetics personal care products, which drives the market growth significantly. According to Market Research Future (MRFR), the global styrene acrylic emulsion polymer market is expected to gain colossal traction by 2023, registering a phenomenal CAGR during the anticipated period (2021 – 2023).
Besides, massive consumption of styrene acrylic emulsion polymer in various industries, including paper packaging and paints coatings, among others, accelerate the market growth. Also, due to the vast consumption of these materials in adhesives, paints inks, and packaging applications, styrene acrylic emulsion polymer enjoys significant market prominence. Additionally, factors such as the increasing population, urbanization, and improving economic conditions, worldwide bolster the growth of the market.
Conversely, the high price of raw material styrene is expected to hinder the market growth over the assessment period. Nevertheless, increasing consumer awareness regarding the harmful effects of solvent-based emulsion would support the growth of the market throughout the review period. Also, increasing RD investments by the market players to drive the study to improve the associated technologies, alongside the increasing government interest is projected to drive the styrene acrylic emulsion polymer market over the years to come.
Styrene Acrylic Emulsion Polymer Market - Segmentations
The report is segmented into three market dynamics;
By Application : Binders, Opacifier, Adhesives, Construction Chemicals, and others.
By End Use Industry : Building Construction, Paper Packaging, Paints Coatings, Cosmetics Personal Care, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Styrene Acrylic Emulsion Polymer Market - Geographical Analysis
The Asia Pacific region dominates the global styrene acrylic emulsion polymer market. The largest market share attributes to the increasing demand from end-use industries such as cosmetics personal care, paints coatings, and building construction.
Besides, the rising demand for styrene acrylic emulsion polymer in developing countries such as India, China, Malaysia, Vietnam, and Japan due to increasing construction activities and development in paints coatings industry acts as a major tailwind for the regional market growth. The APAC styrene acrylic emulsion polymer market is expected to retain its dominance throughout the next six years.
The styrene acrylic emulsion polymer market in the Middle East Africa is another rapidly growing market. The market is driven by rising development activities and the increasing demand for VOC free paint, especially in the United Arab Emirates (UAE) and Qatar. The MEA styrene acrylic emulsion polymer market is expected to witness substantial growth during the forecasted period.
The North America styrene acrylic emulsion polymer market is predicted to witness steady growth over the forecast period. Augmenting demand from various industries such as paper packaging and cosmetic personal care products drives the regional market demand. Moreover, increasing applications of these polymers in the construction and Paints Coatings industry foster the growth of the regional market. The US is projected to remain the largest market for styrene acrylic emulsion polymer in the region, followed by Mexico and Canada.
The European styrene acrylic emulsion polymer market is emerging as a profitable market globally. The growing use of styrene acrylic emulsion polymer in dramatically growing cosmetics personal care industry is a major tailwind behind the regional market growth. Furthermore, stringent regulation imposed by the European Chemicals Agency (ECHA) and European Environment Agency (EEA) on the emission rate of VOCs support the market growth, encouraging manufacturers to produce environment-friendly paints.
Styrene Acrylic Emulsion Polymer Market - Competitive Landscape
Fiercely competitive, the global styrene acrylic emulsion polymer market appears to be fragmented due to the presence of many well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers acquisitions, collaboration, product/technology, and expansion.
Major Players:
Players leading the global styrene acrylic emulsion polymer market include Pexi Chem Private Limited. (India), Celanese Corporation (US), The Dow Chemical Company (US), Acquos (Australia), H.B. Fuller (US), Xyntra Chemicals BV (the Netherlands), and The Lubrizol Corporation (US), among others.
Industry/ Innovation/ Related News:
January 29, 2020 --- Celanese Corporation (the US), a global chemical and specialty materials company, announced it's plans to expand its emulsion polymers derivatives business to extend the value of its global acetyl chain. These investments allow Celanese to implement integrated capital deployments to capture excessive growth in the global Emulsions market.
The strategic steps include implementing a series of capital-efficient VAE (vinyl acetate-ethylene) expansion and drive projects through the year 2023, including significant increases of Celanese's VAE emulsions production sites at Geleen, Netherlands, and Nanjing, China.
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