The North America polymer emulsions market size is projected to expand at a high CAGR during the forecast period. Growth of the market is attributed to rising demand from end users.
Emulsion polymerization is a type of radical polymerization that begins with an emulsion that contains water, monomer, and surfactant. An oil-in-water emulsion is the most common type of emulsion polymerization, in which droplets of monomer are emulsified in a continuous phase of water. The demand for residential building construction is expected to be low, as people are discouraged from looking for new homes due to negative consumer sentiment and low incomes.
The Covid-19 pandemic affected the demand and supply of North America polymer emulsions market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
North America Polymer Emulsions market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from end user industries is projected to drive the market.
- Rising acceptance of green building in the region has fueled the market.
- High cost of raw material is estimated to hinder the market growth.
- Development of bio based polymer emulsion is anticipated to create immense opportunities for the market players.
Scope of North America Polymer Emulsions Market Report
The report on the global north America polymer emulsions market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North America Polymer Emulsions Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2021–2028
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Segmentation
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Acrylics, Polyurethane Dispersions, Styrene Butadiene Latex, Vinyl Acetate, and Other
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Regional Scope
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United States, Canada, Mexico, and Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Akzo Nobel N.V.; Arkema Group; BASF SE; Clariant; and Dow
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North America Polymer Emulsions Market Segment Insights
The acrylics segment is projected to hold a major market share
Based on types, the North America polymer emulsions market is segregated into acrylics, polyurethane dispersions, styrene butadiene latex, vinyl acetate, and others. The acrylics segment accounts for the major market share. Growth of the market is attributed to expand at a high CAGR during forecast period. Due to factors such as low VOC emission and excellent durability, acrylic polymer emulsion is widely used in a variety of applications. Because of its versatility, it is also preferred in a variety of end-use applications. Acrylics are used to make polymers that are rigid, flexible, ionic, nonionic, hydrophobic, or hydrophilic. They are transparent, resistant to breakage, have a high finish gloss, and improved adhesion to non-porous surfaces.
The paint and coating segment is anticipated to expand at a rapid pace
On the basis of applications, the North America polymer emulsions market is segregated into adhesives & carpet backing, paper & paperboard coatings, paints & coatings, and others. The paints and coatings segment is estimated to expand at a substantial CAGR during the forecast period. They are widely used in the architectural industry, both for exterior and interior applications. The most common emulsion polymers used in such paints and coatings are acrylic, vinyl acrylic, styrene acrylic, and vinyl acetate ethylene copolymer latex.
Emulsion polymers are used in the manufacturing of architectural paints & coatings, high scrub interior paints, exterior paints for high durability & wet adhesion, deck & trim paints, stains, and elastomeric coatings in the building & construction industry.Paints and coatings are applied to the exterior of a house to not only give it a new look, but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling, or cracking.
The United States is projected to dominate the market
In terms of regions, the North America polymer emulsions market is classified as the United States, Canada, Mexico, and Rest of North America. The US is estimated to dominate the market. Growth of the region is anticipated to strong economy and favorable market fundamentals for commercial real estate, as well as an increasing federal and state funding for public works and institutional buildings. Country's growing population is expected to increase housing demand. The commercial construction sector in the United States is expected to expand in the coming years.
Segments
The North America polymer emulsions market is segmented on the basis of
Types
- Acrylics
- Polyurethane Dispersions
- Styrene Butadiene Latex
- Vinyl Acetate
- Others
End-users
- Adhesives & Carpet Backing
- Paper & Paperboard Coatings
- Paints & Coatings
- Others
Regions
- United States
- Canada
- Mexico
- Rest of North America
Key Players
Competitive Landscape
Major players competing in the North America polymer emulsions market include Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, and Dow.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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