Global average annual growth rate of paint emulsion polymers is about 5.4%

According to the latest research report from FreeDonia, an industry research organization, the global consumption of emulsion polymers for
paints
and
coatings
will reach 5 million tons by 2020, with a COMPOUND annual growth rate of about 5.4%, and become the most important market for the consumption of various types of emulsion polymer products.
coatings industry in all major regions of the world is continuing to develop towards water-based, and the resulting demand for products such as water-based
latex paint
will drive further growth in emulsion polymer consumption. In developing countries,
water-based coatings
are expected to make the most significant progress, as these markets are most likely to replace solvent-based coatings with water-based systems while the overall coatings industry is growing rapidly.
, the healthy development of construction in North America and the recovery of the Western European economy will also generate further demand for emulsion polymer products.
from solvent-based to water-based systems is the most important strategy used by coating suppliers to meet VOC regulatory requirements. In North America and Western Europe, the trend towards water-based transfer of coating product systems is most common, as these regions have the most stringent emission limits. At the same time, water-only technologies have quickly gained popularity worldwide by meeting environmental regulations and their performance benefits, such as durability, low odor, ease of application and cleaning.
FreeDonia believes that in 2015 water-based coatings accounted for more than half of the world's total paint and coating production, with the rest of the system including solvent-based coatings,
powder coatings
and radiation-cured products. Water-based coatings dominate the
building coatings
market in most regions, but their use is low in developing countries, such as India, which still rely heavily on lower quality products. In addition, water-based coatings in the Asia-Pacific region are at a market disadvantage because large industrial structures dominated by large industrial projects in countries such as Japan and South Korea, resulting in
in-industry coatings
being more dominant than architectural coatings.
In addition, the study shows that the overall global demand for emulsion polymers in 2015 was 10.2 million tons, with a market value of $27.5 billion, and the annual growth rate is expected to reach 4.2 percent in the future, reaching a total of 12.5 million tons by 2020, with a market value of $37.2 billion. In addition to high-quality coatings, growth drivers include strong growth in consumption such as paper and adhesives, particularly in emerging economies in Southeast Asia.
China, which is expected to account for more than 25 per cent of global emulsion polymer sales by 2020, is rapidly transitioning to water-based formulations, supported by huge domestic consumption and increasingly stringent emissions regulations. But the fastest growing country for global emulsion polymer consumption will be India, where consumption of building coatings products will grow very strongly, spurred by higher household incomes.
acrylic latex suppliers will continue to find significant growth opportunities in Malaysia, where production of butyl gloves is rising rapidly.
Until 2020, acrylic emulsion polymers are expected to remain the largest and fastest growing product type in the field, mainly due to the growth of emulsion building coatings applications in developing regions and the increasing proportion of water-based technologies in high-performance industrial coatings and specialty coatings. Strong growth in the adhesive market will drive sales of ethylene acetate polymers, while higher yields of high-quality coated paper are expected to support demand for styrene-butdiene gel-type products.