Demand to rise 4.5% per year to 2008
World emulsion polymer demand is forecast to increase 4.5 percent per year through 2008 to 11.4 million metric tons, representing an improvement over the already strong performance of the 1998-2003 period as a result of stronger economic growth prospects worldwide. Market value is projected to rise 6.1 percent per annum to $24 billion, benefitting from shifts in product mix toward higher priced emulsions, primarily acrylics.
The emulsion polymer market is expanding in part due to a good environmental profile since, as water-based materials, their use results in lower emissions of volatile organic compounds during cure. Emulsions also offer low cost, easier handling and clean-up, good adhesion, flexibility and abrasion resistance.
China, Asian region to see fastest growth
North America and Western Europe accounted for 65 percent of global demand for emulsion polymers in 2003. In addition to dominating worldwide output of key emulsion-containing products such as latex paints, coated paper and general purpose adhesives, suppliers in these regions have made the greatest efforts to improve the environmental compatibility of their offerings, including a much greater share of paints and coatings production accounted for by water-based emulsions. Nonetheless, the fastest gains in emulsion polymer demand through 2008 will arise in developing regions, particularly Asia. Rapidly developing countries such as China and India have only recently begun the move from solventto water-based paints.
Paints and coatings end uses to exhibit most rapid gains
The paints and coatings sector will register healthiest gains. Demand for emulsions in paints and coatings is rising well in excess of paint industry shipments as emulsions, particularly acrylics, find greater use various industrial and special purpose coatings, such as motor vehicle finishes, general industrial coatings and traffic paints. This growth will bolster an already notable position in architectural and decorative paints, where water-based emulsions are favored due to their environmental and ease-of-use advantages compared to traditional oilbased paints. The primary beneficiary of these trends will be acrylic emulsions.
coating applications. Paper and board markets also will be stimulated by enhanced graphic capabilities used in cartons and paperboard packaging for retail markets.
Demand for emulsion polymers used in adhesives will offer favorable though below average gains, benefitting from solid demand arising from the important paper and paperboard packaging materials sector as well as from the tapes and labels end-use segments. Volume demand will continue to be led by low cost PVA adhesives used in high speed packaging processes, particularly paperboard cartons. However, sluggish gains in carpet backing applications, where SB latex predominates, will be a drag on the segment.
Study coverage
This new Freedonia study, World Emulsion Polymers. It presents historical demand data to 2003 as well as forecasts to 2008 and 2013 for emulsion polymer demand by type and market for six regions and 13 countries worldwide. In addition, this study details market share data and profiles 35 participants in the global industry. In paper coatings, emulsion demand will benefit from a continuing shift toward the use of higher end paper with color graphics for direct mail fliers, advertising, catalogs and glossy periodicals. These trends will primarily benefit styrene-butadiene SB) latex, which is the main polymer used in paper
TABLE OF CONTENTS
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Outlook
- World Demographic Outlook
- World Fixed Investment Overview
- World Water-Based Paints & Coatings Overview
- World Paper & Paperboard Overview
- World Adhesives Overview
- World Tufted Carpets & Rugs Overview
- Emulsion Technology
III. WORLD EMULSION POLYMER DEMAND BY MARKET & REGION
- General
- Coatings
- Paper Coatings
- Paints & Coatings
- Adhesives
- General Purpose Adhesives
- Carpet & Rug Backing Adhesives
- Other Markets for Emulsion Polymers
- Emulsion Polymers Demand by Region
- Per Capita Emulsion Polymer Demand
IV. WORLD EMULSION POLYMER DEMAND BY TYPE
- General
- Acrylics
- Acrylic Emulsions -- Demand by Type & Market
- Acrylic Emulsions -- Demand by Region
- Acrylic Emulsions -- Suppliers & Market Share
- Styrene-Butadiene Latex
- SB Latex -- Demand by Type & Market
- SB Latex -- Demand by Region
- SB Latex -- Suppliers & Market Share
- Vinyl Acetate Polymers
- Vinyl Acetate Polymers -- Demand by Type & Market
- Vinyl Acetate Polymers -- Demand by Region
- Vinyl Acetate Polymers -- Suppliers & Market Share
- Other Emulsion Polymers
- Other Emulsions -- Demand by Type & Market
- Other Emulsions -- Demand by Region
- Other Emulsions -- Suppliers
V. NORTH AMERICA
- General
- North America -- Emulsion Polymer Demand
- North America -- Suppliers & Market Share
- United States
- United States -- Emulsion Polymer Demand
- United States -- Suppliers
- Canada
- Canada -- Emulsion Polymer Demand
- Canada -- Suppliers
- Mexico
- Mexico -- Emulsion Polymer Demand
- Mexico -- Suppliers
VI. WESTERN EUROPE
- General
- Western Europe -- Emulsion Polymer Demand
- Western Europe -- Suppliers & Market Share
- France
- France -- Emulsion Polymer Demand
- France -- Suppliers
- Germany
- Germany -- Emulsion Polymer Demand
- Germany -- Suppliers
- Italy
- Italy -- Emulsion Polymer Demand
- Italy -- Suppliers
- Spain
- Spain -- Emulsion Polymer Demand
- Spain -- Suppliers
- United Kingdom
- United Kingdom -- Emulsion Polymer Demand
- United Kingdom -- Suppliers
- Other Western Europe
- Other Western Europe -- Emulsion Polymer Demand
- Other Western Europe -- Suppliers
VII. ASIA/PACIFIC
- General
- Asia/Pacific -- Emulsion Polymer Demand
- Asia/Pacific -- Suppliers & Market Share
- China
- China -- Emulsion Polymer Demand
- China -- Suppliers
- India
- India -- Emulsion Polymer Demand
- India -- Suppliers
- Japan
- Japan -- Emulsion Polymer Demand
- Japan -- Suppliers
- South Korea
- South Korea -- Emulsion Polymer Demand
- South Korea -- Suppliers
- Taiwan
- Taiwan -- Emulsion Polymer Demand
- Taiwan -- Suppliers
- Other Asia/Pacific
- Other Asia/Pacific -- Emulsion Polymer Demand
- Other Asia/Pacific -- Suppliers
VIII. OTHER REGIONS
- Other Regions
- Latin America
- Latin America -- Emulsion Polymer Demand
- Latin America -- Suppliers
- Eastern Europe
- Eastern Europe -- Emulsion Polymer Demand
- Eastern Europe -- Suppliers
- Africa/Mideast
- Africa/Mideast -- Emulsion Polymer Demand
- Africa/Mideast -- Suppliers
IX. INDUSTRY STRUCTURE
- General
- Market Share
- Mergers, Acquisitions & Industry Restructuring
- Competitive Strategies
- Research & Development
- Distribution
- Company Profiles
- Air Products and Chemicals Incorporated
- Air Products Polymers LP, see Air Products and Chemicals
- Incorporated and Wacker-Chemie GmbH
- American Acryl, see Total SA
- Ameripol Synpol Corporation, see International Specialty
- Holdings Incorporated
- Arch Chemicals Incorporated
- Asahi Kasei Corporation
- Atofina SA, see Total SA
- Avecia Group plc
- Avery Dennison Corporation
- BASF AG
- Borden Chemical Incorporated
- Celanese AG
- Ciba Specialty Chemicals Holding Incorporated
- Clariant International Limited
- Cook Composites and Polymers, see Total SA
- Cray Valley SA, see Total SA
- Cytec Industries Incorporated
- Dainippon Ink and Chemicals Incorporated
- Dow Chemical Company
- Dow Corning Corporation
- Dow Reichhold Specialty Latex LLC, see Dainippon Ink
- and Chemicals Incorporated and Dow Chemical
- Dyflex BV, see Valspar Corporation
- Eastman Chemical Company
- Emtech Emulsion Technologies Incorporated,
- see 3M Company
- Engineered Polymer Solutions Incorporated, see
- Valspar Corporation
- Eni SpA
- Henkel KGaA
- Imperial Chemical Industries plc
- International Specialty Holdings Incorporated
- JohnsonDiversey Holdings Incorporated
- JSR Corporation
- Latexia SA, see Ciba Specialty Chemicals
- Holding Incorporated
- Loctite Corporation, see Henkel KGaA
- Lubrizol Corporation
- Mallard Creek Polymers Incorporated, see International
- Specialty Holdings Incorporated
- National Starch and Chemical Company, see Imperial
- Chemical Industries plc
- NeoResins, see Avecia Group plc
- Noveon Incorporated, see Lubrizol Corporation
- OMNOVA Solutions Incorporated
- Polimeri Europa SpA, see Eni SpA
- PolymerLatex GmbH & Company KG
- PolyOne Corporation
- Raisio Chemicals Limited, see Ciba Specialty Chemicals Holding
- Incorporated
- Raisio Group plc
- Reichhold Incorporated, see Dainippon Ink and Chemicals
- Incorporated
- Rhodia SA
- Rohm and Haas Company
- RohmNova LLC, see OMNOVA Solutions Incorporated
- and Rohm and Haas Company
- Solutia Incorporated
- 3M Company
- Total SA
- UCAR Emulsion Systems, see Dow Chemical Company
- UCB SA
- Valspar Corporation
- Vinamul Polymers, see Imperial Chemical Industries plc
- Wacker-Chemie GmbH
- Wacker Polymer Systems GmbH & Company KG, see
- Air Products and Chemicals Incorporated and
- Wacker-Chemie GmbH
- ZEON Corporation
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Gross Fixed Investment by Region
- 4 World Water-Based Paints & Coatings Production by Region
- 5 World Paper & Paperboard Production by Region
- 6 World General Purpose Adhesives Demand by Region
- 7 World Tufted Carpet & Rug Production by Region
SECTION III -- WORLD EMULSION POLYMER DEMAND BY MARKET & REGION
- 1 World Emulsion Polymer Demand by Market
- 2 World Coatings Markets for Emulsion Polymers
- 3 World Paper & Paperboard Coating Markets for Emulsion Polymers
- 4 World Paints & Coatings Markets for Emulsion Polymers
- 5 World Adhesives Markets for Emulsion Polymers
- 6 World General Purpose Adhesives Markets for Emulsion Polymers
- 7 World Carpet & Rug Backing Adhesives Markets for Emulsion Polymers
- 8 World Demand for Emulsion Polymers in Other Markets
- 9 World Emulsion Polymer Demand by Region
- 10 Per Capita Emulsion Polymer Demand by Region
SECTION IV -- WORLD EMULSION POLYMER DEMAND BY TYPE
- 1 World Emulsion Polymer Demand by Type
- 2 World Acrylic Emulsions Demand by Type & Market
- 3 World Acrylic Emulsions Demand by Region
- 4 World Styrene-Butadiene Latex Demand by Type & Market
- 5 World Styrene-Butadiene Latex Demand by Region
- 6 World Vinyl Acetate Polymer Demand by Type & Market
- 7 World Vinyl Acetate Polymer Demand by Region
- 8 World Demand for Other Emulsion Polymers by Type & Market
- 9 World Demand for Other Emulsion Polymers by Region
SECTION V -- NORTH AMERICA
- 1 North America -- Emulsion Polymer Demand by Type & Market
- 2 United States -- Emulsion Polymer Demand by Type & Market
- 3 Canada -- Emulsion Polymer Demand by Type & Market
- 4 Mexico -- Emulsion Polymer Demand by Type & Market
SECTION VI -- WESTERN EUROPE
- 1 Western Europe -- Emulsion Polymer Demand by Type & Market
- 2 France -- Emulsion Polymer Demand by Type & Market
- 3 Germany -- Emulsion Polymer Demand by Type & Market
- 4 Italy -- Emulsion Polymer Demand by Type & Market
- 5 Spain -- Emulsion Polymer Demand by Type & Market
- 6 United Kingdom -- Emulsion Polymer Demand by Type & Market
- 7 Other Western Europe -- Emulsion Polymer Demand by Type & Market
SECTION VII -- ASIA/PACIFIC
- 1 Asia/Pacific -- Emulsion Polymer Demand by Type & Market
- 2 China -- Emulsion Polymer Demand by Type & Market
- 3 India -- Emulsion Polymer Demand by Type & Market
- 4 Japan -- Emulsion Polymer Demand by Type & Market
- 5 South Korea -- Emulsion Polymer Demand by Type & Market
- 6 Taiwan -- Emulsion Polymer Demand by Type & Market
- 7 Other Asia/Pacific -- Emulsion Polymer Demand by Type & Market
SECTION VIII -- OTHER REGIONS
- 1 Other Regions -- Emulsion Polymer Demand by Type & Market
- 2 Latin America -- Emulsion Polymer Demand by Type & Market
- 3 Eastern Europe -- Emulsion Polymer Demand by Type & Market
- 4 Africa/Mideast -- Emulsion Polymer Demand by Type & Market
SECTION IX -- INDUSTRY STRUCTURE
- 1 World Emulsion Polymer Sales by Company, 2003
- 2 Selected Acquisitions & Divestitures
- 3 Selected Cooperative Agreements
LIST O F CH ARTS
SECTION IV -- WORLD EMULSION POLYMER DEMAND BY TYPE
- 1 World Acrylic Emulsion Polymer Market Share by Company, 2003
- 2 World Styrene-Butadiene Latex Market Share by Company, 2003
- 3 World Vinyl Acetate Polymer Market Share by Company, 2003
SECTION V -- NORTH AMERICA
1 North America -- Emulsion Polymer Market Share by Company, 2003
SECTION VI -- WESTERN EUROPE
- 1 Western Europe -- Emulsion Polymer Market Share by Company, 2003
SECTION VII -- ASIA/PACIFIC
- 1 Asia/Pacific -- Emulsion Polymer Market Share by Company, 2003
