Bio-based Emulsion Polymers Market Size and Forecast | Key Companies –Cytec Industries Inc (U.S.), BASF SE (Germany), Clariant (Switzerland)

 Market Overview

Market Research Future (MRFR) studied the global bio-emulsion polymers market 2020 along the review period till 2023. As per MRFR study, the bio-emulsion polymers market is expected to hold high potential to earn decent revenue for the market and surge at high pace through the forecast tenure between 2017 and 2023.

The increasing demand for high-performance and durable biopolymers is expected to support the bio-based emulsion polymers market expansion in the study period. The growing application and production of bio-based polymers, such as; acrylonitrile, vinyl acetate, and styrene-butadiene (SB) latex, is expected to fuel the market rise. The inclination towards emulsion polymerization of these polymers is expected to benefit the market in the study tenure. Moreover, volatile price of petrochemical feedstock and the abundance of biomass available are other causes that are expected to add to the bio-emulsion market surge.

 

Segmental Analysis

The segment study of the global bio-emulsion polymers market is done by application and material composition. The material composition-based segments of the bio-emulsion polymer market are ethylene vinyl acetate, polyacrylic acid, polyamide, acrylonitrile butadiene styrene, polybutylene, polymethyl methacrylate, and polybutylene terephthalate. The application-based segments of the bio-emulsion polymer market are textiles, paints & coatings, paper, and adhesives among others.

The paints & coatings segment is expected to earn the highest revenue for the bio-emulsion polymer market. The increasing consumption of natural based emulsion polymers that offer advantages, such as; excellent superior performance, life & recyclability, and ease of application, can support expansion of the market in the near future. The high impart of water and thermal resistance of bio-emulsion polymers, along with the high degree of bio-compatibility applied to the final product, can support the market expansion in the study period. MRFR study states that the adhesives sub-segment is set to thrive at a significant rate due to growing demand of bio-emulsion polymer in toys and furniture production. Moreover, the emission of volatile organic compounds and hike in volatile crude oil cost have forced investors and manufacturers to shift their focus from conventional emulsion polymers to natural materials that are observed to act as efficient binders in coating and paper sectors. The improved mechanical properties of natural materials and surge in consumer awareness among end-users can also drive the market over the assessment tenure.

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Regional Analysis

In North America, the bio-emulsion polymer market is expected to expand at high pace due to the increasing demand for bio-based products in textiles, paper, and packaging industries among others. The surge in research & development activities of emulsion polymers and high production base of acrylonitrile-butadiene-styrene and ethyl vinyl acetate bio-based materials can prompt the market in the study period. The US is most likely to witness a higher growth pace through the assessment period over other countries, Canada, and Mexico, due to the presence of top-notch market players in the region.

In Asia Pacific, the rapid rise of the bio-based emulsion polymer is expected to earn considerable market share of the world market. The increasing significance of the bio-emulsion due to rapid urbanization and growing popularity of products are bringing in high investment for the end-use industries that can favor the market in the years to come. The rising consumption of bio-based materials in packaging, textiles, and paper board sectors in India, China, and Japan among other APAC regions can contribute to the stunning rise of APAC bio-emulsion polymer market.

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Europe bio-emulsion polymer market is expected to garner high turnover due to increasing demand for bio-emulsion polymer due to their benefits of better stability and low maintenance. Regulatory bodies in EU, such as REACH (Regulation for Registration, Evaluation, Authorization and Restriction of Chemicals) and EPA (Environmental Agency) have released guidelines to follow ecofriendly products over petroleum derived materials among end-uses that is expected to contribute to the market growth.

In Latin American, the bio-emulsion polymer market is expected to exhibit moderate rise due to decline in production cost and rise in technological standardization in the region, states MRFR’s regional progress study.

 

 Key Players

Cytec Industries Inc (U.S.), BASF SE (Germany), Clariant (Switzerland), Arkema S.A.(France), DIC CORPORATION (Japan), The Lubrizol Corporation (U.S.), Nuplex Industries Ltd (Australia), The Dow Chemical Company (U.S.), Trinseo (U.S.), and OMNOVA Solutions Inc (U.S.) among others are some reputed companies that are operating in global bio-emulsion polymers market that are listed by MRFR to gain insights into to the competitive scope of the market.