Polymer Emulsion Market – Global Opportunities & Forecast, 2020-2027
Polymer Emulsion Market
The GMI Research report anticipates that the Polymer Emulsion Market will experience a surge of 8.6% over the forecast period. The market growth is primarily attributed to the augmenting demand from several end-use industries in developing nations and rigorous norms regarding VOC discharge.
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Polymer Emulsion Market Dynamics
The polymer emulsion market is assured to witness a robust surge because of the surging usage of adhesives for coating in the automotive industry. The increasing inclination towards environment-friendly paints and coating with lower VOC ejection has steered the adoption of polymerization, thus strengthening the Polymer Emulsion market size. Moreover, as per the Polymer Emulsion Market global forecast, the emulsion polymer has witnessed robust demand from several industries like textile and transportation. Thus, the increasing demand from several industries is further promoting market growth. Rapidly accelerating urban population has raised the number of industrial activities. As the emulsion industry is connected with the chemical industry, various oil and gas producers have supported in transforming their perception of the global chemical industry, which is stimulating Polymer Emulsion Market growth. The polymer emulsion is increasingly adopted in the pharmaceutical industry to produce new drug delivery systems, which is another force responsible for the market growth. The switch towards allusive economic growth has helped in the development of ASEAN countries that have more ability in comparison to all other regions. However, the Polymer Emulsion Market forecast projects that the unstable accessibility of the raw material with substantial price tags, such as the rise in crude oil prices due to the disrupted supply-demand chain after the epidemic, has hindered the overall production of the material.
Product Type Segment Drivers
Based on the product type, the polymer emulsion market can be segregated into styrene-butadiene latex, acrylics, and vinyl acetate. Amongst these, the vinyl acetate segment is likely to witness noteworthy growth in the market. The increasing adoption in several industries like automotive, construction, and the building has guided the Polymer Emulsion Market share. For example, in the automotive industry, it offers remarkable adhesion, which is required in interior pasting and setup.
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