Polymer Dispersions Market to experience an impressive growth of 8.3% during 2020-2025
February 07, 2020
Polymer dispersions market is likely to witness an impressive CAGR of 8.3% during the forecast period. Polymer dispersions provide properties, such as enhanced processability, performance, and appearance to products, owing to which they are used in applications, such as decorative & protective coatings, printing inks, paper, carpet & fabrics, and adhesives and sealants. The growing range of applications of polymer dispersion is likely to drive its demand in the global market.
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Polymer Dispersions Market Segment Insights:
By Resin Type:
Based on the resin type, the market is segmented as acrylic dispersions, vinyl dispersions, polyurethane (PU) dispersions, styrene-butadiene (SB) dispersions, and others. It is estimated that the acrylic dispersions segment will lead the market during the forecast period, owing to its large-scale use in water-based coatings for decorative and paper applications. Further, acrylic dispersions are available at low cost in comparison to other dispersions leading to its higher demand in the market.
By Application Type:
Based on the application type, the market is segmented as decorative & protective coatings, adhesives & sealants, paper, carpet & fabrics, printing ink, and others. The decorative & protective coatings segment held the largest share of the market and is expected to remain dominant during the forecast period. Expanding housing projects in the emerging economies owing to rising urbanization rate along with the growing awareness among consumers regarding harmful effects of VOC contents associated with solvent-based coatings are the major factors driving the demand for polymer dispersion in the decorative & protective coatings application.
By Region:
In terms of regions, North America dominated the polymer dispersion market and is expected to maintain its dominant position during the forecast period owing to significant demand from coating application especially in interior and furniture coatings. Asia-Pacific is the second-largest market and is expected to witness substantial growth during the forecast period. Significant economic development in the Asia-Pacific region along with the rising disposable income of consumers is driving the building and construction industry which is creating huge demand for paints and coatings. Further, rising awareness among consumers regarding harmful effects of VOC content is acting as a catalyst towards the growth of polymer dispersion in the Asia-Pacific region. China, Japan, India, South Korea, and ASEAN countries are the growth engines of the region and are expected to provide huge growth opportunities to the industry players in the polymer dispersions market.
Key Players:
Some of the major players in the global polymer dispersions market are BASF SE, Mitsui Chemicals, Inc., Synthomer plc, Eastman Chemical Company, Solvay S.A., Covestro AG, Huntsman Corporation, Michelman, Inc., The DOW Chemical Company, Wacker Chemie AG, Alberdingk Boley GmbH, Allnex Group, Chase Corporation, DIC Corporation, Evonik Industries AG, Hexion Inc., and Kamsons Chemicals Pvt. Ltd.
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- Market segment trend and forecast
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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