Global emulsion polymer market size is expected to reach USD 44.22 Billion by 2020, according to a new report by Grand View Research, Inc. Favorable regulatory scenario is presumed to compliment the global market growth. Surge in demand for emulsion polymer in major end-use industries such as paper & paperboard coatings, paints & coatings and adhesives is projected to drive the overall demand for the next five years.
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Volatile oil and gas prices are anticipated to act as major challenge for market participants and may impact market profitability. Shifting consumer preferences towards bio-based products promise ample opportunities for the market development. Government initiatives and incentives to encourage environment friendly products in developing as well as developed markets are expected to offer abundant opportunities for industry participants.
Global emulsion polymer market was worth USD 29.77 billion in 2013 and is expected to be valued at USD 44.22 billion by 2020, growing at an estimated CAGR of 5.9% from 2014 to 2020. Acrylics were the most dominant product and accounted for over 30% of the global revenue generated from the product segment. Acrylics market valuation is expected to witness fastest growth at a CAGR of 6.4% from 2014 to 2020. Other products are projected to have a stable market over the forecast period.
Paints & coatings application accounted for over 30% of the global application market. Rapid urbanization and industrialization in emerging countries is expected to drive global demand. Adhesive applications market worth is expected to witness a CAGR of 5.3% over the next five years.
Asia Pacific market accounted for nearly 40% of the overall revenue in 2013. Emerging economies such as China and India are presumed to lead their regional market. Asia Pacific is also projected to witness the highest growth rate over the forecast period. Mature markets such as North America and Europe are presumed to experience moderate growth rate over the next five years.
Market concentration is low with top participants occupying similar shares. The industry is also highly price sensitive and thus is characterized by industry participants adopting a low price strategy and focusing on reducing their production cost. Companies are taking ardent measures to increase their production capacity and develop their product portfolio with an aim to cater to the demand from the emerging regions.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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