Bio-emulsion Polymers Market Analysis
The bio-emulsion polymers market is likely to grow at a healthy CAGR between 20- 2023, as per the new report by Market Research Future (MRFR). Bio-emulsion polymers are made from renewable raw material sources using two methods, namely the bio-based sugar macromer method and bio-based latex polymer method. Paper, textiles, adhesives, paints, and coatings, and others are some of its key applications.
Various factors are adding to the global bio-emulsion polymers market growth. Such factors, according to the new MRFR report, include the need to address the conventional emulsion polymer concerns, strict environmental rules for the release of VOCs, fluctuating cost of crude oil, and increasing use as adhesives, and concrete additives. Bio-emulsion polymers have superior properties like film-forming, adhesive, and binding, which is also adding market growth. Besides the increasing use of vinyl acetate in paperboard packaging, on-site construction, textiles, and bookbinding are also fuelling the growth of the market.
Notable players profiled in the global bio-emulsion polymers market report include The Dow Chemical Company (U.S.), OMNOVA Solutions Inc (U.S.), Trinseo (U.S.), Nuplex Industries Ltd (Australia), Arkema S.A. (France), DIC CORPORATION (Japan), Cytec Industries Inc (U.S.), Clariant (Switzerland), The Lubrizol Corporation (U.S.), and BASF SE (Germany).
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The MRFR report offers an inclusive segmental analysis of the global bio-emulsion polymers market report based on application and material composition.
By material composition, the bio-emulsion polymers market is segmented into polybutylene terephthalate, polybutylene, polymethyl methacrylate, polyamide, polyacrylic acid, ethylene vinyl acetate, and acrylonitrile butadiene styrene.
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By application, the bio-emulsion polymers market is segmented into paper, textiles, adhesives, paints and coatings, and others. Of these, paints and coatings will lead the market over the forecast period.
Based on the region, the bio-emulsion polymers market report covers the recent trends & growth opportunities across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America will have the lion’s share in the market over the forecast period for the surging need for bio-based products in textiles, packaging, paper, and other industries. Besides, the growing ethyl vinyl acetate production and rising R&D activities of emulsion polymers are also adding market growth. Mexico, Canada, and the US are the chief contributors in the region.
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The bio-emulsion polymers market in the APAC region is predicted to have significant growth over the forecast period. Factors boosting the bio-emulsion polymers market growth in this region include its increasing popularity in various end-use industries, rapid urbanization, increasing investments in end-use industries, and the increasing consumption of bio-based materials in packaging, paper board, and textile sectors in India, China, and Japan as they offer stability, needs minimal maintenance and has excellent flexibility.
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The bio-emulsion polymers market in Europe is predicted to have remarkable growth over the forecast period for the implementation of the latest rules & regulations proposed through regulatory bodies like REACH and EPA to follow environmentally-friendly products compared to petroleum-derived materials. This rule is also applicable in adhesives, textiles, and paints & coatings segments. France, Germany, Italy, and the UK are the chief contributors in the region for the growing technological advances and innovation.
The bio-emulsion polymers market in Latin America is predicted to have moderate growth over the forecast period for lack of technological standardization and high production cost.
The bio-emulsion polymers market in the MEA is predicted to have sound growth over the forecast period for rising infrastructure developments.