International. According to transparency market research, the global emulsion polymer market was valued at US$32.25 million in 2014 and is projected to reach US$54.95 million by 2023, growing at a CAGR of 6.1% between 2015 and 2023.
The high demand for emulsion polymers in paints and coatings, led by an increase in construction and building activities, and growth in the automotive industry has been driving this type of market since recent years.
In terms of demand, Asia Pacific dominated the emulsion polymer market in 2014. This trend is expected to continue in the near future. Increasing demand for paints and coatings and adhesives in industries such as construction and automotive are anticipated to drive the emulsion polymers market in the coming years. Demand is estimated to be slow in Europe and North America, due to strict environmental regulations in the regions. The Middle East and Africa will be promising emerging markets in the near future.
Paints and coatings have been the dominant end user in the emulsion polymer market since recent years. The increased demand for water-based coatings is projected to drive this class of polymers into the market.
