The global emulsion polymers market depicts the presence of a highly emerging vendor landscape, with the level of competition slowly increasing over time, says Transparency Market Research on the basis of a recently published report. Most players operating in this market are focusing on developing new and innovative ways to manufacture polymer materials. While the leading players have mainly been working for a long time, the entry of new players is expected to make it tough for the former to survive in this market. New players making a foray into this market are expected to further intensify the competition during forthcoming years.
Many players are participating in strategic collaborations with other companies as a prime business strategy to improve revenue generation. Reduction of production costs is another area where most companies are imparting notable focus too. DIC Corporation, Trinseo S.A., Batf Industry Co., Ltd., Asahi Kasei Chemicals Corporation, BASF SE, Arkema S.A., Koninklijke DSM N.V., and Celanese Corporation, are chief companies operating in the global emulsion polymers market. Many players are aiming towards achieving product differentiation, expanding product portfolio, and regulating product prices in the global emulsion polymers market.
Between 2015 and 2023, the forecast duration, the global emulsion polymers market is predicted to exhibit a healthy 6.1% CAGR. The market had clocked an estimated valuation of US$32.2 bn in 2014, which is further anticipated to reach US$54.9 bn in terms of revenue gained towards the end of the forecast period.
Beneficial Properties of Emulsion Polymers Make Consumers Prefer Their Use
Emulsion polymers find extensive application in manufacturing of paints and coatings. Growing disposable income, rising GDP of developing nations, and enhancements in the standard of living have been responsible for boosting the growth of construction industry. Thus, as paints and coatings are widely required to a part of the construction projects, the above described causes are prime factors driving the global emulsion polymers market. Consumers greatly prefer the use of emulsion polymers owing to their enhanced color quality, self-repairing ability, and good heat sensitivity, as compared to their alternatives. Such a high preference has been greatly contributing towards the global emulsion polymers market to depict widespread progress. An increasing number of manufacturers are using emulsion polymers on a large scale to add value to their products, thus proving to be beneficial to the market’s growth.
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High Costs of Raw Materials Restrains Emulsion Market’s Growth
However, high cost of processing raw materials required to make emulsion polymers is often passed onto the end consumers in the form of high product prices. This might discourage customers who cannot afford steep costs of polymer products, consequently hindering the global carbon fiber market. Lack of skilled labor and shortage of raw materials in remote and underdeveloped regions is also fairly restraining the global emulsion polymers market up to a certain extent. Nevertheless, many companies are working hard towards attaining cost effective solutions, thus reducing the intensity of restrains affecting the global emulsion polymers market’s growth.