Styrene Acrylic Emulsion Polymer Market Overview to 2023
Styrene Acrylic Emulsion Polymer is produced by an emulsion polymerization of styrene and different acrylate esters such as butyl acrylate, acrylic acid, etc. Styrene acrylic emulsion polymer are versatile in nature owing to its ability to perform as building blocks and high glass transition temperature. Styrene acrylic emulsion polymer are cost effective and are widely used as an opacifier in cosmetics & personal care products. They possess excellent properties such as low VOCs (volatile organic compound) emission rate, good durability, and UV resistance due to which it finds application in end use industries such as paper & packaging, building & construction, paints & coatings, cosmetics & personal care, and others.
The prominent players operating in the styrene acrylic emulsion polymer market include Celanese Corporation (U.S.), Pexi Chem Private Limited. (India), The Dow Chemical Company (U.S), H.B. Fuller (U.S.), Acquos (Australia), Xyntra Chemicals B.V. (the Netherlands), The Lubrizol Corporation (U.S.), and others
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Styrene Acrylic Emulsion Polymer is produced by an emulsion polymerization of styrene and different acrylate esters such as butyl acrylate, acrylic acid, etc. Styrene acrylic emulsion polymer are versatile in nature owing to its ability to perform as building blocks and high glass transition temperature. Styrene acrylic emulsion polymer are cost effective and are widely used as an opacifier in cosmetics & personal care products.
Intended Audience of Global Styrene Acrylic Emulsion Polymer
- Styrene Acrylic Emulsion Polymer manufacturers
- Traders and distributors of styrene acrylic emulsion polymer
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Paints & coatings sector is predicted to hold a larger share as compared to other sectors. Increasing demand for quality paints with advanced technology is expected to raise product demand over the forecast period. Moreover, the styrene acrylic emulsion polymer are not combustible, which reduces its storage, handling charges and fire insurance cost.
Regional Analysis:
The global styrene acrylic emulsion polymer market consists of five regions: Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. The Asia Pacific region is expected to grow at the highest CAGR over the next six years due to increasing demand from end use industries such as paints & coatings, cosmetics & personal care, and building & construction. The demand for styrene acrylic emulsion polymer is projected to surge in developing countries such as China, India, Vietnam, Malaysia and Japan due to increasing construction activities and development in paints & coatings industry. The Middle East & Africa is expected to witness a substantial growth during the forecasted period. This is attributed to the rising development activities along with the increasing demand for VOC free paint, especially in United Arab Emirates (UAE) and Qatar is expected to drive the regional market growth.
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North America is predicted to witness steady growth in the use of styrene acrylic emulsion polymer over the forecast period. The U.S. is expected to be the largest styrene acrylic emulsion polymer market in the region followed by Mexico and Canada. Latin American countries, specifically Brazil and Argentina, is also predicted to witness steady growth due to expansion of paints & coatings and paper & packaging industries. Europe is expected to be the leading market for cosmetics & personal care industry. Growing use of styrene acrylic emulsion polymer in cosmetic & personal care products is expected to boost up the market growth. Furthermore, stringent regulation imposed by European Chemicals Agency (ECHA) and European Environment Agency (EEA) on the emission rate of VOCs compel regional manufacturer to shift their focus towards production of environment friendly paints.
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Asia Pacific is estimated to be the largest regional market for styrene acrylic emulsion polymer followed by Europe and North America on account of growing cosmetics & personal care, buildings & construction, and paints & coatings segment. There has been a significant growth in the utilization of styrene acrylic emulsion polymer in emerging countries such as India, China, Malaysia, and Japan is expected to increase styrene acrylic emulsion demand over the forecast period.
Competitive Analysis:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
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