Polymer Dispersions Market to Grow with a CAGR of 5.86% through 2028
Implementation of Stringent Environment Regulations are expected to
drive the Global Polymer Dispersions Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Polymer
Dispersions Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Polymer Dispersions Market stood
at USD10.36 billion in 2022 and is anticipated to grow with a CAGR of 5.86% in
the forecast period, 2023-2028. The initiatives taken by government based on polymer
dispersions has led to favorable market conditions for the Global Polymer
Dispersions Market. Several factors contribute to the growth of various polymer
dispersions products. One of the notable government initiatives in this field
is the Materials Genome Initiative (MGI) by the U.S. government. The MGI aims
to accelerate the discovery, manufacture, and deployment of advanced materials
twice as fast, at a fraction of the cost. This initiative is driven by the
recognition of the immense potential of advanced materials in revolutionizing
various industries, from transportation to electronics and beyond. Under the
umbrella of the MGI, the Advanced Composites Pilot specifically focuses on
polymer matrix composites, which play a crucial role in enhancing the strength,
durability, and lightweight properties of materials. By pushing the boundaries
of what is possible with polymer matrix composites, this pilot program is
poised to unlock new opportunities and applications in fields such as
aerospace, automotive, and renewable energy.
Government
regulations, like those enforced by the U.S. Environmental Protection Agency,
are playing a pivotal role in driving industries towards more environmentally
friendly solutions. These regulations, driven by the urgent need to mitigate
the impact of volatile organic compounds (VOCs) on public health and the
environment, promote the use of water-based polymer dispersions as a more
sustainable alternative to solvent-based products. Water-based polymer
dispersions not only emit fewer VOCs but also offer improved safety and reduced
flammability risks. This regulatory push towards greener alternatives is not
only fostering the transition towards water-based polymer dispersions but also
spurring innovation in the development of new formulations and manufacturing
processes that further enhance the performance and sustainability of these
materials. As industries embrace water-based polymer dispersions, the market is
experiencing significant growth and witnessing a paradigm shift towards more
eco-friendly and sustainable solutions.
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market data Figures spread through XX Pages and an in-depth TOC on "Global
Polymer Dispersions Market”
The increasing
implementation of various stringent environmental regulations aimed at reducing
high volatile organic compound (VOC) emissions is driving the market demand for
polymer dispersion. One of the major sources of VOCs is automobiles, which emit
these compounds not only from their tailpipes while running but also as
evaporative emissions from gasoline vehicles. It is important to note that most
VOCs, including alkenes (except ethylene), aromatic hydrocarbons, oxygenated
VOCs, and acetonitrile, can be ionized by reaction. In this context, polymer
dispersion plays a crucial role in lowering VOC emissions, thereby contributing
to a cleaner environment. The demand for polymer dispersion is expected to
further increase as industries strive to meet the environmental regulations and
reduce their impact on air quality.
The Global
Polymer Dispersions Market is segmented into resin type, application, regional
distribution, and company. Based on its resin
type, the acrylic dispersions segment held the largest share in the market. Acrylic
dispersions, known for their defined particle morphology and self-crosslinking
mechanism, have emerged as the most advanced binders for VOC-free industrial
coatings on wood, metal, and plastics. These acrylic dispersions are produced
using the emulsion polymerization technique, which is a green approach for
creating a wide range of polymeric dispersions. In this process, monomer is
polymerized in an aqueous media containing surfactant micelles, where the
surfactant plays a dual role as a locus for polymerization and a stabilizer for
the polymer particles. This innovative method ensures the production of
high-quality and environmentally-friendly coatings with excellent performance
properties. Based on region, North America segment is expected to
grow during the forecast period. The growing need for adhesives, sealants,
paints, and coatings in the non-residential sector, such as commercial
buildings and industrial facilities, has contributed to the increased demand
for polymer dispersions in North America. Additionally, the region has
witnessed a rise in residential remodelling activities, further driving the
demand for these versatile materials. In response to the growing demand for
sustainable products, there is an increasing preference for polymer dispersions
with low VOC emissions in North America. This is particularly evident in the
interior applications market, where there is a rising need for low-odor and
high-durability products. The demand for polymer dispersions with low VOC
emissions is at an all-time high, reflecting the industry's commitment to
environmentally friendly solutions.
To meet these requirements, end-use industries in the
region, such as construction and automotive, are increasingly adopting
water-based polyurethane and acrylic dispersions. These eco-friendly
alternatives offer excellent performance characteristics while minimizing the
environmental impact.
Furthermore, the automobile industry in North America
extensively utilizes latex and vinyl acetate emulsion polymers. These materials
provide superior adhesion, flexibility, and durability, making them ideal for
various automotive applications. Overall, the demand for polymer dispersions in North
America is driven by the need for high-performance, sustainable, and
environmentally friendly solutions in both non-residential and residential
sectors. The industry continues to evolve and innovate to meet these demands
while reducing VOC emissions and promoting a greener future.
Major companies operating in Global Polymer
Dispersions Market are:
- BASF SE
- Arkema SA
- DIC Corporation
- Akzo Nobel NV
- Asahi Kasei Corporation
- Clariant AG
- Momentive Performance Materials Holdings
LLC
- Nuplex Industries Ltd
- Omnova Solutions Inc.
- Wacker Chemie AG
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“Growing application of polymer dispersions in various
end user industries are key drivers of the polymer dispersions market. Growth
in competitive landscape and presence of well-established companies in the
market who are dedicated to enhance their productivity of polymer dispersions with
every passing year are anticipated to register an impressive growth to Global Polymer
Dispersions Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Polymer Dispersions Market By Resin Type (Acrylic
Dispersions, Vinyl Dispersions, Polyurethane Dispersions, Styrene-Butadiene
Dispersions, Others), By Application (Paints & Coatings, Adhesives &
Sealants, Paper, Textile, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Polymer Dispersions Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Polymer Dispersions Market.
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