Bio-Emulsion Polymers Market in Asia Pacific is expected to grow at a higher CAGR due to growing partnerships and agreements between the leading companies.
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Bio-emulsion polymers are used in a wide variety of applications, due to their capability of offering superior performance, enhanced efficiency, and reliable nature to the final product. Bio-emulsion polymers are manufactured from renewable sources of raw-materials. They are used in various applications such as paints & coatings, adhesives, textiles, paper, and others.
Competitive Insights:
Some of the well-known 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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Bio-emulsion polymers are formed by using two methods such as bio-based latex polymer and bio-based sugar macromer methods. The bio-based latex polymer method utilizes starch produced from rice, potato, corn to fabricate polymers whereas bio-based sugar macromer method makes use of sugar as a feedstock for the production of final product. They are known for non-toxic nature, superior performance, extended life, and other features which are influencing the market positively. Due to these factors, bio-emulsion polymers are used in various applications such as paints & coatings, adhesives, textiles, paper, and others.
The global Bio-Emulsion Polymers Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. The Asia Pacific market is expected to grow at a higher CAGR due to growing partnerships and agreements between the leading companies. China, Japan, and India have achieved a significant place in the market due to the growing investments in end-use industries. It is estimated that the paints & coatings segment is set to observe the highest CAGR in the market due to growing consumption of ecofriendly products in the sector. Moreover, increasing demand for lower density materials in paper, textiles, adhesives, and others is likely to witness a rapid growth during the forecast period. These factors have led the U.S., Canada, and Mexico to be the major players of this region.
The emission of volatile organic compounds and volatile crude oil prices has forced the manufacturers and investors to shift their focus from conventional emulsion polymers to natural materials. These polymers are used as binders in paper and coating industries as they offer enhanced mechanical properties to the final product. Moreover, the growing consumer awareness and increasing demand from the end-use industries is set to drive the market over the assessment period.
The growing demand for high performance emulsion polymers in end-use industries are estimated to drive the market during the forecast period. North America holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of bio-emulsion polymers in paints & coatings, adhesives, textiles, paper, and others. These factors have led the U.S., Canada, and Mexico to be the major players of this region.
Segmental Insights:
The global Bio-Emulsion Polymers Market is segmented into the material composition, and application. On the basis of the material composition, the market is segregated into acrylonitrile butadiene styrene, ethylene vinyl acetate, polyacrylic acid, polyamide, polymethyl methacrylate, polybutylene, and polybutylene terephthalate segments. On the basis of the application, the market is bifurcated into paints & coatings, adhesives, textiles, paper, and others.
Browse the market data and information of the report “Bio-Emulsion Polymers Market Research Report – Forecast 2018-2023” in-depth alongside in-depth table of content (TOC) at:
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Regional Analysis
The Bio-Emulsion Polymers Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific region is growing significantly in the market due to rapid urbanization coupled with growing popularity of the product in end-use industries. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of bio-based materials in textiles, paper board, and packaging sectors has propelled countries such as China, Japan, and India to achieve a stunning growth in the market as they provide excellent flexibility, stability and low maintenance to the product.
North America holds a major share of the market due to the growing demand for bio-based products in paper, packaging, textiles, and others. The increasing research & development activities of emulsion polymers and the growing production of ethyl vinyl acetate, acrylonitrile butadiene styrene bio-based materials has propelled the region to witness a higher growth over the assessment period. Countries such as the U.S., Canada, and Mexico are the major players in this market.
The European market has also observed a remarkable growth due to the implementation of new rules and regulations proposed by regulatory bodies such as the EPA( Environmental Agency) and the REACH(Regulation for Registration, Evaluation, Authorization and Restriction of Chemicals) to follow ecofriendly products than petroleum derived materials in end-uses. The market has been driven by the application of this rule in paints & coatings, textiles, and adhesives segments. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in countries such as the U.K, Italy, Germany, and France during the forecast period.
The Latin American region is estimated to witness a moderate growth in the market due to high cost of production and lack of technological standardization in the region. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing infrastructure developments in the region.
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