Market Size of North America 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 |
North America Polymer Emulsion Market Analysis
The North America 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 increasing demand from various end-user industries in the United States.
- Availability of substitutes and stringent regulations on butadiene are likely to hinder the markets growth.
- Growing awareness towards water-based acrylic dispersion for anticorrosive & antimicrobial coatings is likely to create opportunities for the market in the coming years.
- United States is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
North America Polymer Emulsion Industry Segmentation
The North America 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 |
Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
North America Polymer Emulsion Market Size Summary
The North America polymer emulsion market is poised for robust growth, driven by increasing awareness of volatile organic compounds (VOC) and rising demand from various end-user industries, particularly in the United States. The market is characterized by the extensive use of emulsion polymers such as acrylic, vinyl acrylic, styrene acrylic, and vinyl acetate ethylene copolymer latex in paints and coatings, which are crucial in the architectural sector for both exterior and interior applications. These polymers are integral to the manufacturing of architectural paints, high scrub interior paints, and exterior paints, offering durability and protection against environmental factors like UV radiation, moisture, and temperature variations. The growing preference for water-based acrylic dispersions for anticorrosive and antimicrobial coatings presents new opportunities for market expansion. However, the availability of substitutes and stringent regulations on butadiene pose challenges to market growth.
The United States is expected to dominate the North American polymer emulsion market, benefiting from a strong economy and positive market fundamentals in the construction industry. The residential sector's growth is anticipated to be slower than the non-residential sector, but the increasing population is expected to drive housing demand, with significant construction projects underway. The commercial construction sector is also set to experience growth, supported by federal and state funding for public works and institutional buildings. Notable projects, such as the South San Francisco Civic Center campus and the University of Illinois at Chicago's Center for the Arts, highlight the region's construction boom. Despite the fragmented nature of the market, with numerous players like Akzo Nobel N.V., Arkema Group, BASF SE, Clariant, and Dow, the demand for polymer emulsions is projected to rise, fueled by these developments.
North America 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 (VOC)
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1.1.2 Increasing Demand from Various End-user Industries in the United States
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Availability of Substitutes
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1.2.2 Stringent Regulations on Butadiene
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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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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Polymer Emulsion Market Size FAQs
What is the current North America Polymer Emulsion Market size?
The North America 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 North America Polymer Emulsion Market?
Akzo Nobel N.V., Arkema Group, BASF SE, Clariant and Dow are the major companies operating in the North America Polymer Emulsion Market.