Emulsion polymers demand exceed 13 mmt in 2016

Emulsion polymers demand to exceed 13 mmt in 2016

10:24 AM, 26th September 2012
Emulsion polymers demand to exceed 13 mmt in 2016

CLEVELAND, US: Global demand for emulsion polymers is forecasted to rise over five per cent per year to 13.3 million metric tonne in 2016. Advances will be fueled by increased production of water-based coatings and adhesives, which are displacing solvent borne formulations in virtually all parts of the world, mentioned the ‘World Emulsion Polymers,’ a new study from The Freedonia Group.

In the developed world, where emulsion polymer markets are mature, gains will benefit from a rebound in construction spending and manufacturing activity, as well as the adoption of more stringent environmental regulations concerning the emission of VOCs. Acrylics will remain the largest and fastest-growing emulsion polymer product type through 2016, accounting for nearly 40 per cent of the world market.

The most rapid gains through 2016 will be for emulsion polymers in coatings, where water-based formulations are steadily increasing their market share. Even in industrialized regions - North America and Western Europe, there are ample opportunities for emulsion polymers in the industrial and specialty coatings markets, reported the study.

More moderate gains in demand are expected in the adhesives market, where emulsion polymers are facing competition from other low-VOC technologies such as hot melts. Below-average advances in emulsion polymer demand are forecast for the highly mature and slow-growing paper and paperboard coatings market.

Driven by strong gains, the Asia-Pacific region has overtaken North America and Western Europe to become the leading regional market for emulsion polymers. The Asia-Pacific region will continue to see above-average gains in demand through 2016, fueled by strong growth in India and China.

While demand in North America and Western Europe will rise at a subpar pace, advances will represent a notable rebound from earlier declining demand. Best opportunities are expected in the Africa/Mideast region, said the study.

© WOC News

 

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