Styrene acrylic emulsion polymers can be defined as water-based polymers, which are produced by emulsion polymerization of styrene and acrylate esters like methacrylate, 2-Ethylhexyl acrylate methyl, butyl acrylate, and acrylic acid. They are generally used as adhesives and construction chemicals and possesses properties like UV resistance, durability, low VOCs emission. Due to such properties, it finds application in end-use industries like paper & packaging, building & construction, paints & coating, and personal care & cosmetic. The global styrene acrylic emulsion polymer market, as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2016-2023).
The increasing awareness associated with the harmful effects of the solvent-based emulsion is considered the primary growth stimulant of the market. The recent boom in the personal care & cosmetic industry, along with the surging use of styrene acrylic emulsion polymers as an opacifier in the industry is likely to encourage the market growth in the coming years. Strict mandates regarding the use of eco-friendly polymers will encourage the growth of the market in the years to come. Moreover, huge investments in the construction and mining industries, coupled with the expansion of the industrial sector is fueling the market growth across the globe.
On the contrary, the prices of raw materials prices are highly volatile, which is projected to act as a restraining factor to the market growth in the foreseeable future.
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Global Styrene Acrylic Emulsion Polymer Market: Segmental Analysis
The styrene acrylic emulsion polymer market has been segmented on the basis of application and end use industry.
By application, the market is segmented into binders, opacifier, construction chemicals, adhesives, and others.
End user segment comprises building & construction, paper & packaging, cosmetics & personal care, paints & coatings, and others. Of these, the segment for paints & coatings will gain prominence due to the rising preference for odor-free products with less VOC content. Strict environmental mandates and policies favoring the use of environment-friendly products are encouraging the market growth in the segment.
Geographically, the styrene acrylic emulsion polymer market spans across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific will register the highest CAGR in the foreseeable future, mainly due to rising demand from the end use industries like cosmetics & personal care, paints & coatings, and building & construction. The demand for the product will augment especially in the developing economies like India, China, Malaysia, Vietnam, and Japan, owing to the recent boom in the construction activities, along with the development in the paints & coatings industry. This is further estimated to propel the market growth in the APAC.
North America will experience steady growth, with the U.S. anticipated to be the largest market in the region. Countries in Latin America like Argentina and Brazil will witness steady growth owing to the expanding paper & packaging and paints & coatings industries.
Meanwhile, Europe will register steady growth, owing to the rising use of styrene acrylic emulsion polymer in cosmetic and personal care products. Strict mandates imposed by the European Environment Agency and European Chemicals Agency on the emission rate of VOCs are likely to compel the manufacturers to shift their focus on the production of environmentally friendly paints. This is estimated to encourage the regional market’s growth in the foreseeable future.
The top players operating in the styrene acrylic emulsion polymer market include Pexi Chem Private Limited. (India), Celanese Corporation (U.S.), H.B. Fuller (U.S.), The Dow Chemical Company (U.S), Xyntra Chemicals B.V. (the Netherlands), Acquos (Australia), The Lubrizol Corporation (U.S.), and others.
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