International. The report on the global emulsion polymers market says that the sector will grow at a CAGR of 6.10% from 2015 to 2023 to a value of US$54.9 billion in 2023, increasing its value from 2014 to US$32.2 million.
The report notes that the emulsion polymers market is mainly driven by demand from the paints and coatings segment, which in turn is led by the automotive industry increasing construction and building activities and expansion in recent years.
In the developing economies of China and India, a growing number of middle-class consumers with disposable income to spend is driving demand for emulsion polymer-based paints and coatings for home improvement and automotive coatings.
On the basis of product type, acrylics, vinyl acetate polymers, styrene-butadiene latex, and others (hybrid epoxy, silicone, etc.) are the emulsion polymer market segments among all products. In 2014, acrylics were the highest producing segment, accounting for more than 35% of the global acrylic market. This is largely attributed to the use of acrylic emulsions in paints and coatings, paper and cardboard, and adhesives.
