The increasing utilization of color and coating compounds in the automobile sector is predicted to have a tremendous impact on the market during the forecast period, states Fortune Business Insights, in a report, titled “Emulsion Polymers Market Size, Share & Industry Analysis, By Type (Acrylics, Vinyl Acetate Polymer, SB Latex, Others), By End Use Industries (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard, Others) Others and Regional Forecast, 2019-2026” the rising consumer awareness regarding painting ideas and protective coatings is expected to boost the market during the forecast period.
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Burgeoning Automotive Industry to Enable Speedy Expansion
The rising inclination towards interior decor is expected to foster the growth of the market. The growing application of emulsion polymers in the automotive industry can be another vital factor augmenting the growth of the market. The rising shift towards environment-friendly products by consumers for maintaining a healthy and safe environment is predicted to boost the market in the forthcoming years. The growing demand for water-based polymer emulsion is likely to create new growth opportunities for the market in the foreseeable future. Moreover, the Growing population and large-scale urbanization are factors predicted to aid the expansion of the market during the forecast period. The increasing demand for high-quality, safe, environment-friendly materials is expected to spur sales opportunities for the market. The rising focus of the company towards enhancing product portfolio will augur well for the market. For instance, in March 2018, BASF SE based in Germany announced that it has expanded its Joncryl water-based emulsion production facilities at its Ludwigshafen site. The company plans to strengthen its position by offering water-based resin and emulsion used in overprint lacquers, printing inks, and functional coatings for flexible packaging and paper & board applications.
Distinguished Coating and Adhesive Industry to Favor Growth in Asia Pacific
The market in Asia Pacific is predicted to witness a high growth rate during the forecast period owing to the rising demand for emulsion polymer in China and India. The booming coating and adhesive industry in the region will further improve market prospects. North America is predicted to rise tremendously during the forecast period owing to the presence of major automotive manufacturers in the region. Europe is expected to account for the major share in the global market in the forthcoming years owing to the heavy demand for emulsion polymers in automotive and specialty coatings industries. The Middle East and Africa is expected to witness a rapid growth rate during the forecast period owing to the need for high-quality paints and coatings. Latin America is expected to grow steadily during the forecast period owing to the developing infrastructure in the region.
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