Table of Contents
World demand to rise 4.7% annually through 2018
Global demand for emulsion polymers is forecast to advance 4.7 percent per year to 13.0 million metric tons (dry basis) in 2018. Accelerations in construction spending, manufacturing output, and paper and paperboard production worldwide will stimulate growth. In particular, rebounding construction activity in North America and Western Europe will propel market advances. In addition, the displacement of solventborne coatings and adhesives with water-based types -- which are manufactured using emulsion polymers -- is expected to continue in virtually all parts of the world, fueling market gains.
China remains top market; Malaysia, India to lead gains
China is the leading world market for emulsion polymers. Through 2018, the Chinese market will advance at a brisk pace, supported by rapid expansion in its output of paint and coatings, paper and paperboard, and adhesives. Meanwhile, Malaysia and India are forecast to register the fastest annual gains among major markets through 2018. Demand in Malaysia will be boosted by robust growth in the country’s massive exportoriented latex glove industry, as well as the increased substitution of nitrile gloves for natural latex types worldwide. In India, accelerating construction spending and manufacturing activity will propel gains in emulsions demand, as will the growing penetration of waterborne technologies in India’s coatings and adhesives industries. North America will remain the second largest regional consumer of emulsion polymers, behind the Asia/Pacific region, bolstered by a rebounding construction sector and strong demand for water-based paints and adhesives in the US and Canadian markets. In both North America and Western Europe, more stringent environmental legislation to limit emissions of volatile organic compounds (VOCs) will continue to support the use of waterbased technologies in the manufacture of coatings and adhesives.
Paint & coatings industry to drive global growth
The paint and coatings market represents the leading outlet for emulsion polymers, accounting for 36 percent of worldwide demand in 2013. Ongoing concerns about the health and environmental hazards posed by solvent-based coatings will continue to bolster the use of waterborne technologies. In addition, improvements in the performance of latex paint are expected to increase its use in industrial and maintenance coating applications. Even in industrialized regions such as North America and Western Europe, where water-based paint is dominant in the architectural sector, there remain ample opportunities for emulsions in manufacturing and specialty coatings.
Acrylics to remain leading, fastest growing type
Acrylics will remain the largest and fastest growing emulsion polymer type through 2018. Demand will benefit from rapid growth in the paint and coatings market, where acrylic polymers are valued for their durability and wide range of applications. Vinyl acetate emulsions are also projected to post healthy gains in demand, with the best opportunities expected for vinyl acetate-ethylene (VAE) copolymers in adhesives and coatings applications. Styrene-butadiene latex demand is expected to rebound through 2018, though relatively modest advances in the paper coatings market will limit gains.
This upcoming industry study, World Emulsion Polymers, presents historical demand data (2003, 2008, 2013) plus forecasts for 2018 and 2023 by market, product, world region, and for 16 countries. The study also assesses market environment factors, evaluates company market share, and profiles key industry players worldwide.
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