Bio-Emulsion Polymers Market Size and Forecast | Key Companies –BASF SE (Germany), The Lubrizol Corporation (U.S.), Clariant (Switzerland)
Market Insight
Market reports associated with chemical and materials industry have
been made available by Market Research Future, which states that global bio
emulsion polymers market is anticipated to flourish at a higher CAGR during the
forecast period by 2023.
Bio-emulsion polymers are usually manufactured from renewable
sources of raw materials as they are formed using methods of bio-based latex
polymer and bio-based sugar macromer. The demand for the bio-emulsion polymers
is increasing with time due to its superior performance, non-toxic nature, and
more, which is influencing the market growth on positive notes. Besides,
bio-emulsion polymers having such eminent features, it is being used in various
applications such as paints & coatings, adhesives, textiles, paper, and
others.
The global bio-emulsion polymers are growing at a rapid pace due to
its versatility in the paint & coatings sector, which is catering in the
right way to the market share expansion. Increasing consumption of natural-based
emulsion polymers due to its extraordinary life & recyclability, superior
performance, and ease of application are the factors that are contributing to
the rise of revenues for the market. Moreover, factors such as emission of
volatile organic compounds and volatile crude oils have also forced the
manufacturers and investors to shift focus towards natural materials is
expected to boost the market growth over the forecast period. The natural
polymers are used as binders in paper and coating industries as they offer
enhanced mechanical properties to the final product. Therefore, the growing
consumer awareness and swelling demand from the end-use industries is set to
drive the global bio-emulsion polymers market over the assessment period.
Key Players:
The bulging players operating in the global bio-emulsion polymers
market are BASF SE (Germany), The Lubrizol Corporation (U.S.), Clariant
(Switzerland), Cytec Industries Inc (U.S.), DIC CORPORATION (Japan), Arkema
S.A.(France), Nuplex Industries Ltd (Australia), Trinseo (U.S.), OMNOVA Solutions Inc (U.S.)
and The Dow Chemical Company (U.S.) among others.
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Market
Segmentation
The global bio-emulsion polymers market has been segmented as
material composition and application. In terms of the material composition, the
market is categorized into acrylonitrile butadiene styrene, ethylene vinyl
acetate, polyacrylic acid, polyamide, polymethyl methacrylate, polybutylene,
and polybutylene terephthalate segments. The market by application is divided into
paints & coatings, adhesives, textiles, paper, and others.
Detailed-Regional
Outlook
The regional analysis of the global bio-emulsion polymers market is
done under major regions of Asia Pacific, Europe, North America, Latin America,
and the Middle East & Africa.
Among these, North America has a significant share of the market due
to the rising demand for bio-based products in paper, packaging, textiles, and more.
Besides, the growing research & development activities of emulsion polymers
along with mounting production of ethyl vinyl acetate, acrylonitrile butadiene
styrene bio-based materials has driven the region to witness higher growth over
the valuation period. The U.S., Canada, as well as Mexico, are the countries
where the existence of major players is essential in this market growth.
The Asia Pacific region is increasing significantly in the market
due to rapid urbanization coupled with the mounting popularity of the product mainly
in end-use industries. It is predicted that rising investments in the end-use
industries is likely to drive the market in the region during the forecast
period. Apart from these, the mounting consumption of bio-based materials in
textiles, paper board, and packaging sectors has boosted countries such as
China, Japan, and India to achieve remarkable growth in the market in the
foreseen period along with providing excellent flexibility, stability and low
maintenance to the product.
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Next is the European market, which has also observed an unusual
growth due to the operation of rules and regulations planned by regulatory
bodies such as the EPA (Environmental Agency) and the REACH (Regulation for
Registration, Evaluation, Authorization, and Restriction of Chemicals) to
follow eco-friendly products than petroleum-derived materials in end-uses. Furthermore,
the market is also being driven by the application of this rule in paints &
coatings, textiles, and adhesives segments. It is assessed that the rising
innovation and technological advancement are projected to drive the progress in
countries of the U.K, Italy, Germany, and France during the forecast period.
Latin American is projected to witness moderate growth in the market
due to the high cost of production and lack of technological standardization.
Moreover, the Middle East & Africa is predicted to observe a higher growth
in the market due to increasing infrastructure developments in the region
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