Styrene Acrylic Emulsion Polymer Market Size 2021 Share Growth, Size Value, Trends, Rigonal outlook by 2028
Styrene Acrylic Emulsion Polymer Market – Overview
Styrene Acrylic Emulsion Polymer
is predominantly used as adhesives and construction chemicals. The Styrene
Acrylic Emulsion Polymer market is predicted to grow substantially and register
a strong growth with a healthy CAGR during the predicted period. Some of the
important drivers supporting the market growth are continuous growth in paper
& packaging and cosmetics & personal care industry. Styrene Acrylic
Emulsion Polymer is used as binder and opacifier in construction and cosmetics
industries. Growing awareness regarding the benefits associated with Styrene
Acrylic Emulsion Polymer along with continuous growth of paper & packaging
industry is estimated to drive the demand in near future. Furthermore, growing
per capita disposable income in developing countries combined with huge expenditure
on cosmetics and personal care products is predicted to propel the market
growth. Paints & coatings application segment emerged as the largest market
share in 2016 and is estimated to retain its dominance over the assessment
period due to increasing demand in various end use industries.
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However, cosmetics &
personal care segment is estimated to witness significant growth in near future
on account of rising awareness in consumer along with increasing use of
cosmetic products such as cream and lotion. Paint & coatings segment is
followed by building & construction. Rising need for quality paints along
with advanced technology is estimated to raise product demand over the
estimated period. Furthermore, the styrene acrylic emulsion polymer are
non-combustible, which reduce its handling charges and fire insurance cost.
Geographically, Asia Pacific
emerged as the leading market for Styrene Acrylic Emulsion Polymer followed by
Europe and North America in 2016. The Asia Pacific region provide huge growth
potential for Styrene Acrylic Emulsion Polymer and is predicted to register
highest CAGR on account of strong presence of manufacturers, rising application
segment, and improved economic condition. The market growth is predicted to
surge in numerous countries of Asia Pacific such as India, Thailand, China,
Japan, South Korea, Malaysia, Bangladesh, and Indonesia due to moderately
stringent regulations and inexpensive labor and land. North American market is
predicted to witness steady growth due to improving paint & coating sector.
Europe is predicted to witness moderate growth owing to the tremendous growth
of cosmetics & personal care industry. Moreover, Germany, Spain, and Italy
are among the major contributor in the regional market growth due to presence
of more number of companies.
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Competitive Landscape
The Styrene Acrylic Emulsion Polymer report
analyses the degree of competition among the market players as well as industry
growth and market scenario. The global Styrene Acrylic Emulsion Polymer market
is at a growing stage, which represents modest stats in terms of market volume.
In recent years, Styrene Acrylic Emulsion Polymer market has witnessed average
demand on account of rising use in cosmetics & personal care industry.
Increasing cosmetic demand along with rising number of working professional
across the globe has resulted in increased usage of personal care product which
in turn has raised the demand for Styrene Acrylic Emulsion Polymer.
Nevertheless, the degree of competition among the key market players is still
less owing to limited manufacturers. Globally market for Styrene Acrylic
Emulsion Polymer is classified and it is moving towards growth expansion by
specifically approving partnership, expansion and joint-venture strategies and
product launch strategies.
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