The global polymer emulsions market is growing at a significant rate and is expected to grow further over the predicted period. Polymer emulsions are mainly used in the paint and coating industries to enhance the quality of the color. Due to the increasing demand for high-quality paints, companies are using polymer emulsions at a large scale to increase the value of their products.
Global Polymer Emulsions Market: Drivers and Restraints
Increasing industrial applications such as paper and textile, adhesives, and paint and coatings are likely to fuel the growth of the global polymer emulsion market in the near future. Growing demand for eco-friendly coatings and paints are driving the growth of the market. Rising acceptance of adhesives in the automotive sector has boosted the growth of the polymer emulsions market. Other factors such as increasing per capita income and changing lifestyle are likely to propel the growth of the market. Government regulations to protect the environment are accelerating the growth of polymer emulsions market during the anticipated period.
However, the rising cost of raw material is creating a negative impact on the growth of the market over the forecasted period.
Global Polymer Emulsions Market: Regional Outlook
Asia Pacific region is showing a remarkable growth in the polymer emulsions market followed by North America and Europe. Growing construction activities along with rapid urbanization and industrialization are the factors that shows growth opportunities in the Asia Pacific region. Other countries such as Japan and China are expected to be the largest consumers and China is likely to be the leading producer for Polymer emulsions in the years to come. Europe and North America are expected to show significant growth over the predicted period. MEA and South America are likely to witnesses a steady growth in the near future.
Global Polymer Emulsions Market: Segmental Analysis
On the basis of product type, the polymer emulsions market is segmented into Polyurethane Dispersion, Acrylics, SB Latex, and Vinyl Acetate Polymer. Acrylics segment is likely to show a significant growth during the forecasted period 2019-2025.
Based on the application type, the market is segmented into Textiles & non-woven, Paints & Coatings, Paper & paperboards, and Adhesives & Sealants. Paint and coatings segments are expected to dominate the polymer emulsions in the years to come. One of the key drivers of the application segment is the regulatory framework that supports eco-friendly applications with low VOC content is likely to fuel the growth of the market during the projected period.
Global Polymer Emulsions Market: Key Players
Anhui Wanwei Group, BASF, Asahi Kasei Corporation, Dow, Beijing Eastern, Trinseo(Styron), Sinopec Sichuan, AkzoNobel, Batf Group, Wacker, Jiangsu Sun rising, Celanese, Lubrizol Corporation, Arkema, Showa Denko, Clariant AG, Sumitomo Chemical, Hexion, Nuplex Industries, Synthomer, Omnova Solutions, DIC Corporation, and Dairen Chemical are some of the top players that operates into the global market for polymer emulsions.
BASF Witnesses Sharp Drop in Earnings
BASF has announced drop down in its earnings of quarter 4 on February 26, 2019. This is due to the high cost of materials and logistics because of low level of the water in the Rhine River. The world's largest German Chemical producer company, BASF declared its profit in the month of October-December that fell down to 348 million euros from EUR1.54 billion. However, sales rise to EUR 15.59 billion from EUR 15.23 billion. According to a consensus analyst, the expected net profit is EUR 502 million. The firm's current dividend is EUR 3.20 per share which has increased from EUR 3.10 per share since the last year.
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