Polymer Dispersion Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
Polymer Dispersion Market Segmentation
The global polymer
dispersion market has been segmented by resin type, application, end-use
industry, and region.
On the basis of resin
type, the market has been segmented into polyurethane, acrylic, styrene
butadiene, and vinyl, The polyurethane segment accounted for the largest share
of the polymer dispersion market in 2017 and is expected to grow at a
considerable rate during the review period. Polyurethane dispersion has gained
importance due to its versatility and superior properties such as abrasion
resistance and low temperature flexibility. It is used as coating material for
metals, wood, rubber, textiles, plastics, and other miscellaneous
high-performance substrates, which is likely to fuel product demand during the
forecast period.
Acrylic dispersion is
expected to be the fastest-growing segment of the global COVID-19
analysis on polymer dispersion market report during
the forecast period due to the increasing use of these dispersions in the
manufacturing of water-based decorative and protective coatings. Acrylic dispersions
are also more cost-effective than other resins.
Based on application,
the market has been divided into carpets and fabric, adhesives and sealants,
decorative and protective coatings, and printing ink. The decorative and
protective coatings segment accounted for the largest market share in 2017
owing to the growing demand for coatings in various industries such as
automotive, building and construction, and packaging.
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Polymer Dispersion Market Competitive Analysis
Some of the key
players in the global polymer dispersion market value are BASF SE (Germany), Arkema (France), DIC
Corporation (Japan), Akzo Nobel NV (Netherlands), Asahi Kasei Corporation
(Japan), Clariant AG (Switzerland), Momentive Performance Materials Holdings
LLC (US), Nuplex Industries Ltd (Australia), Omnova Solutions (US), Wacker
Chemie AG (US), Trinseo SA (US), the Dow Chemicals Company (US), Asian Paints
Ltd (India), Celanese Corporation (US), Cytec Industries Inc. (US), Financiera
Maderera SA (Spain), Eastman Chemical Company (US), and Lubrizol Corporation
(US).
Polymer Dispersion Market Regional Analysis
By region, the
market has been segregated into North America, Europe, Asia-Pacific, Latin
America, and the Middle East & Africa.
Asia-Pacific is
expected to be the fastest-growing market during the forecast period due to the
presence of a large number of industries in emerging economies such as India
and China. Population growth coupled with a rise in residential and commercial
construction is expected to further boost the demand for polymer dispersions in
the region.
North America
accounted for the largest market share in 2017 due to increasing demand in the
transportation sector, especially, in the automotive and aviation industries.
The European market for polymer dispersions is expected to grow as a result of
stringent government regulations on high VOC dispersions. The market in Latin
America is expected to show steep growth during the forecast period with
increasing investments in the automotive and construction industries. The
market in the Middle East & Africa is expected to exhibit considerable
growth during the review period due to expanding end-use industries such as
building and construction, automotive, and packaging in the region.
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