Synthetic and Bio Emulsion Polymers Market to surpass 15mn tons by 2024
SELBYVILLE, Del., Dec. 15, 2017 /PRNewswire-iReach/ -- Synthetic and Bio Emulsion Polymers Market have been gaining remarkable traction in recent years, on account of the fact that these products are extensively deployed in the paint & coatings and paper & paperboard coatings sectors. Paints and coatings, as is distinctly known, are hugely demanded across the aerospace, manufacturing, automotive, and marine sectors, which incidentally will boost synthetic and bio emulsion polymers industry share over the years ahead.
Styrene and acrylics are major petrochemical raw materials for manufacturing synthetic based products. These are produced as by-products of crude oil and natural gas. Cost concern regarding volatile petrochemical oil index may hinder emulsion polymers price trend.
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Positive application outlook in adhesives, paints & coatings and paper & paper board coatings industry may stimulate market emulsion polymer market growth. Polymer emulsions have low VoCs compared to solvent-borne polymers and results in strong application in end-use industries such as automobile, construction and consumer durables.
Supporting regulatory guidelines by REACH & EPA regarding usage of environment friendly products along with increasing awareness regarding the concept of green buildings will promote product demand. Better shelf life & recyclability, superior standards and easy handling & usage over its counterparts, may stimulate emulsion polymers market size.
Synthetic emulsion polymers demand from paint & coatings applications may surpass USD 16 billion by the end of projected timespan. It is widely used owing to its low VoC content, making it environment friendly product. The manufacturing process has lower carbon footprint as it consumes less energy. Low operational cost and positive application scope in marine, construction, aviation and automotive will boost product demand.
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Speaking on similar lines, subject to this extensive requirement for non-VoC products, Europe emulsion polymer industry share has been projected to surpass USD 10 billion by the end of 2024. Germany, UK, and France have been projected to be the key revenue pockets of Europe synthetic and bio emulsion polymers market, pertaining to the fact that these countries are strong automotive hubs of the continent.
India emulsion polymers market size may witness significant gains at over 7% by 2024. Rapid growth of construction, consumer durables and automotive industry along with strong base for chemical industries will drive product demand. Increasing investments to improve its existing portfolio and launch new products by various companies will boost industry growth.
Browse key industry insights spread across 180 pages with 162 market data tables & 11 figures & charts from the report, "Synthetic and Bio Emulsion Polymers Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
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