Market Size of India Polymer Emulsion Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Polymer Emulsion Market Analysis
The India polymer emulsion market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are growing awareness with regard to volatile organic compound (VOC) and tightening government regulations.
- Stringent environmental regulations on butadiene are likely to hinder the markets growth.
- Rising demand for water-based paints and coatings is likely to create opportunities for the market in the coming years.
India Polymer Emulsion Industry Segmentation
The India polymer emulsion market report includes:
| Product Type | |
| Acrylics | |
| Polyurethane (PU) Dispersions | |
| Styrene Butadiene (SB) Latex | |
| Vinyl Acetate | |
| Other Product Types |
| Application | |
| Adhesives & Carpet Backing | |
| Paper & Paperboard Coatings | |
| Paints & Coatings | |
| Other Applications |
India Polymer Emulsion Market Size Summary
The India polymer emulsion market is poised for robust growth, driven by increasing awareness of volatile organic compounds (VOC) and stringent government regulations. The market is expected to benefit from the rising demand for water-based paints and coatings, particularly in the building and construction sector. Vinyl acetate is anticipated to be the fastest-growing segment due to its expanding applications in industries such as construction and automotive. The construction industry's growth, fueled by initiatives like 'Housing for all by 2022', is creating significant opportunities for polymer emulsions, especially in architectural paints and coatings that offer aesthetic appeal and temperature resistance.
The market landscape is characterized by fragmentation, with numerous players holding minor shares that collectively shape market demand. Key players include Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, and Dow. The use of emulsion polymers in paints and coatings is prevalent in both exterior and interior applications, providing durability and protection against environmental factors. These polymers are integral to manufacturing various types of paints, including high scrub interior paints and elastomeric coatings, which are essential for maintaining the aesthetic and functional quality of buildings. As a result, the demand for polymer emulsions in India is projected to rise steadily over the forecast period.
India Polymer Emulsion Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Awareness with Regard to Volatile Organic Compound (VOCs)
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1.1.2 Tightening Government Regulations
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations on Butadiene
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Acrylics
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2.1.2 Polyurethane (PU) Dispersions
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2.1.3 Styrene Butadiene (SB) Latex
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2.1.4 Vinyl Acetate
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2.1.5 Other Product Types
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2.2 Application
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2.2.1 Adhesives & Carpet Backing
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2.2.2 Paper & Paperboard Coatings
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2.2.3 Paints & Coatings
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2.2.4 Other Applications
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India Polymer Emulsion Market Size FAQs
What is the current India Polymer Emulsion Market size?
The India Polymer Emulsion Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in India Polymer Emulsion Market?
Akzo Nobel N.V., Arkema Group, BASF SE, Clariant and Dow are the major companies operating in the India Polymer Emulsion Market.
