CLEVELAND (Sept. 6, 2012)—Global demand for emulsion polymers will rise more than 5 percent per year to 13.3 million metric tons (dry basis) in 2016, according to a forecast from Freedonia Group Inc.
Increased production of water-based paints, coatings and adhesives, which are displacing solventborne formulations in most of the world, will contribute to this growth, according to Freedonia.
In the developed world, gains will benefit from a rebound in construction spending and manufacturing activity, as well as the adoption of more stringent environmental regulations concerning the emission of volatile organic compounds, the forecast said.
Acrylics will remain the largest and fastest growing emulsion polymer product type through 2016, when they will account for nearly 40 percent of the world market, Freedonia said.
Freedonia said the Asia/Pacific region, driven by strong gains during the 2001-2011 period, has overtaken North America and Western Europe to become the leading regional market for emulsion polymers. The region will continue to see above average gains in demand through 2016, fueled by strong growth in India and China, the study said.