Bio-based polymers including the major amount of natural materials which undergo a radical polymerization after the mixture of water, monomer, or surfactant are termed as bio-based emulsion polymers. Their environment-friendly composition and biodegradable nature are fetching the attention of the manufacturers and consumers. Bio-based polymers are naturally obtained and extracted polymers.
The global bio-based emulsion polymers market is segmented based on their material compositions as acrylonitrile butadiene styrene (ABS), ethylene vinyl acetate (EVA), polyacrylic acid (PAA), polyamide (PA), poly methyl methacrylate (PMMA), polybutylene (PB), and polybutylene terephthalate. On the basis of the end-user, the global market is further classified as paint, coating, paper industry and paper coatings, adhesives, and textiles.
Bio-based emulsion polymers are mostly utilized in paper industry for manufacturing papers, paper bags, boxes, cartons, and others. It is widely used in adhesives as the binding agent in tapes, labels, glue, application in diapers, and female hygiene products. These end-user segments are the key factors boosting the demand of the emulsion polymers. Increased demand for low VOC content in paints, bio-based emulsion polymers are widely preferred in paints and coating industry at large scale, rising awareness among the consumers about the painting ideas and protective coatings, and increasing craze of interior decoration are factors boosting the growth of the bio-based emulsion polymers market. Wide utilization of color and coating compounds in the automobile sector is also a factor fostering the growth of emulsion polymer market. Moreover, consumer’s preference towards eco-friendly products to delivers safe and healthy environment has increased the demand of bio-based emulsion polymer globally.
Rising population is an outcome of large-scale urbanization across the world is leading the requirement of constructing residences, resulting in rising demand for the end-user products. Application of emulsion polymers in the treatment of waste water is also a factor responsible for the growth of the market. Due to rising competition and environmental issues, manufacturers are forced to produce high-quality, safe, and eco-friendly materials, thus this development factor is impacting the growth of the market positively.
North America and Europe are the leading market holders for the global bio-based emulsion polymer market, owing to rising consumer preference towards eco-friendly products. Asia-Pacific region is anticipated to witness rapid growth due to the adaptation of bio-based emulsion polymers rather than using conventional polymer.
Some of the major companies operating the global bio-based emulsion polymers market include Trinseo S.A., BASF SE, Dow Chemical Company, and Ecosynthetix.
Bio-based Emulsion Polymers Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa