Abstract
Global demand to rise 5.2% annually through 2014
World demand for emulsion polymers is forecast to rise 5.2 percent per year to
12.8 million metric tons in 2014. Gains will be driven by rising global demand
for latex polymers used in the production of water-based paints, coatings and
adhesives. In the developed world, the adoption of more stringent
environmental regulations concerning the emission of volatile organic
compounds (VOCs) will continue to drive increased demand for emulsions in
waterborne paints and coatings. Emulsion polymer consumption is also rapidly
rising in developing nations such as China and India, driven by strong
economic growth and the ongoing replacement of solvent-based coatings and
adhesives with waterborne products.
Water-based paints to offer best market opportunities
Though emulsion polymers are highly versatile and used throughout the
industrial economy, the market will remain closely linked to a relatively
narrow group of products, most prominently water-based paints, paper coatings
and general purpose adhesives. These three outlets accounted for over
threequarters of global demand in 2009. Best prospects are expected for
emulsion polymers in water-based paints, which are gaining share over
solventborne coatings in virtually all world markets. Even in industrialized
countries, where latex paint dominates the architectural sector, emulsions in
waterborne coatings are becoming more widespread in the industrial coating
market. Demand growth in adhesives and paper coatings is forecast to rise more
slowly, however, as emulsion technology is much more mature in these markets.
Acrylic emulsions to remain largest, fastest-growing type
Acrylics will remain the leading emulsion polymer product type through 2014,
accounting for 35 percent of total demand. Acrylics will also be the fastest
growing class of emulsions, driven by increasing demand in latex paints and
coatings. Vinyl acetate emulsions, which are used in adhesives and water-based
coatings, will also see healthy gains in demand. More subdued advances are
expected for styrene-butadiene (SB) latexes, restrained by ties to
slowergrowing markets such as paper coatings and carpet backing adhesives.
Nonetheless, gains for SB latexes will represent a substantial acceleration
over the sluggish increases of the 2004-2009 period.
Asia/Pacific to remain fastest growing market
While emulsion polymer demand has historically been concentrated in developed
world regions such as North America and Western Europe, the Asia/ Pacific
region rose to become the largest consumer of emulsions in 2009. Much of the
growth has been driven by the rapidly expanding Chinese market, which nearly
quadrupled in size between 1999 and 2009. Going forward, the Asia/Pacific
region will continue to be the fastest growing emulsions market through 2014.
However, while North America and Western Europe post subpar gains, both will
see a significant improvement over recent historical performances. North
America, in fact, will reverse a nearly three percent annual decline
experienced during the 2004-2009 period. Other world regions, which accounted
for ten percent of emulsion polymer demand in 2009, will register slightly
above-average gains in demand through 2014.
Study coverage
This new Freedonia industry study, “World Emulsion Polymers”, presents
historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019
by market, product, world region and for 15 countries. The study also
considers key market environment factors, evaluates company market share and
profiles 31 global industry players, including Arkema, BASF, Celanese, Dow
Chemical, DSM, PolymerLatex, Styron and Wacker Chemie.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Global Economic Overview
- Recent Historical Trends
- World Economic Outlook
- World Demographic Outlook
- World Manufacturing Overview
- World Construction Outlook
- World Paint & Coatings Overview
- World Paper & Paperboard Overview
- World Adhesives Overview
- World Tufted Carpets & Rugs Overview
- Emulsion Technology
III. MARKETS
- General
- Coatings
- Paint & Coatings
- Paper Coatings
- Adhesives
- General Purpose Adhesives
- Carpet Backing Adhesives
- Other Markets
- Demand by Region
IV. PRODUCTS
- General
- Acrylics
- Demand by Type & Market
- Demand by Region
- Suppliers & Market Share
- Styrene-Butadiene Latex
- Demand by Type & Market
- Demand by Region
- Suppliers & Market Share
- Vinyl Acetate Polymers
- Demand by Type & Market
- Demand by Region
- Suppliers & Market Share
- Other Emulsion Polymers
- Demand by Type & Market
- Regions & Suppliers
V. NORTH AMERICA
- Overview
- Emulsion Polymer Demand
- United States
- Canada
- Mexico
VI. WESTERN EUROPE
- Overview
- Emulsion Polymer Demand
- Germany
- France
- Italy
- United Kingdom
- Spain
- Other Western Europe
VII. ASIA/PACIFIC
- Overview
- Emulsion Polymer Demand
- China
- Japan
- South Korea
- India
- Taiwan
- Other Asia/Pacific
VIII. OTHER REGIONS
- Central & South America
- Brazil
- Other Central & South America
- Eastern Europe
- Africa/Mideast
IX. INDUSTRY STRUCTURE
- General
- Market Share
- BASF
- Dow Chemical
- Styron
- Wacker Chemie
- Celanese
- Other Companies
- Industry Restructuring
- Competitive Strategies
- Research & Development
- Marketing & Distribution
COMPANY PROFILES
- Arkema
- Asahi Kasei Corporation
- Avery Dennison Corporation
- BASF SE
- Celanese Corporation
- Clariant International Limited
- Cook Composites and Polymers, see Total
- Cray Valley, see Total
- Cytec Industries Incorporated
- Dairen Chemical Corporation
- DIC Corporation
- Dow Chemical Company
- Dow Corning Corporation
- DSM NeoResins+, see Royal DSM
- Eliokem SAS
- Engineered Polymer Solutions, see Valspar
- Eni SpA
- Henkel AG & Company KGaA
- Hexion Specialty Chemicals Incorporated
- International Specialty Products Incorporated
- JSR Corporation
- KCK Emulsion Polymers Limited
- Lubrizol Corporation
- Mallard Creek Polymers Incorporated
- Momentive Performance Materials Incorporated
- OMNOVA Solutions Incorporated
- Polimeri Europa, see Eni
- PolymerLatex GmbH & Company KG
- Reichhold Incorporated
- Revertex Chemicals, see Yule Catto
- Royal DSM NV
- Soluol, see Royal DSM
- Styron LLC
- Sumitomo 3M, see 3M
- Synthomer, see Yule Catto
- 3M Company
- Total SA
- Valspar Corporation
- Wacker Chemie AG
- Yule Catto & Company plc
- ZEON Corporation
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- World Gross Domestic Product by Region
- World Population by Region
- World Manufacturing Value Added by Region
- World Construction Expenditures by Region
- World Paint & Coatings Production by Region
- World Paper & Paperboard Production by Region
- World Adhesives Demand by Region
- World Tufted Carpet & Rug Production by Region
SECTION III -- MARKETS
- World Emulsion Polymer Demand by Market
- World Coating Markets for Emulsion Polymers
- World Paint & Coatings Markets for Emulsion Polymers
- World Paper & Paperboard Coating Markets for Emulsion Polymers
- World Adhesive Markets for Emulsion Polymers
- World General Purpose Adhesive Markets for Emulsion Polymers
- World Carpet Backing Adhesive Markets for Emulsion Polymers
- World Demand for Emulsion Polymers in Other Markets
- World Emulsion Polymer Demand by Region
SECTION IV -- PRODUCTS
- World Emulsion Polymer Demand by Product
- World Acrylic Emulsion Demand by Type & Market
- World Acrylic Emulsion Demand by Region
- World Styrene-Butadiene Latex Demand by Type & Market
- World Styrene-Butadiene Latex Demand by Region
- World Vinyl Acetate Emulsion Demand by Type & Market
- World Vinyl Acetate Emulsion Demand by Region
- Other Emulsion Polymer Demand by Type & Market
- Other Emulsion Polymer Demand by Region
SECTION V -- NORTH AMERICA
- North America: Key Indicators for Emulsion Polymer Demand
- North America: Emulsion Polymer Demand by Product & Market
- United States: Key Indicators For Emulsion Polymer Demand
- United States: Emulsion Polymer Demand by Product & Market
- Canada: Key Indicators for Emulsion Polymer Demand
- Canada: Emulsion Polymer Demand by Product & Market
- Mexico: Key Indicators for Emulsion Polymer Demand
- Mexico: Emulsion Polymer Demand by Product & Market
SECTION VI -- WESTERN EUROPE
- Western Europe: Key Indicators for Emulsion Polymer Demand
- Western Europe: Emulsion Polymer Demand by Product & Market
- Germany: Key Indicators for Emulsion Polymer Demand
- Germany: Emulsion Polymer Demand by Product & Market
- France: Key Indicators for Emulsion Polymer Demand
- France: Emulsion Polymer Demand by Product & Market
- Italy: Key Indicators for Emulsion Polymer Demand
- Italy: Emulsion Polymer Demand by Product & Market
- United Kingdom: Key Indicators for Emulsion Polymer Demand
- United Kingdom: Emulsion Polymer Demand by Product & Market
- Spain: Key Indicators for Emulsion Polymer Demand
- Spain: Emulsion Polymer Demand by Product & Market
- Other Western Europe: Key Indicators for Emulsion Polymer Demand
- Other Western Europe: Emulsion Polymer Demand by Product & Market
SECTION VII -- ASIA/PACIFIC
- Asia/Pacific: Key Indicators for Emulsion Polymer Demand
- Asia/Pacific: Emulsion Polymer Demand by Product & Market
- China: Key Indicators for Emulsion Polymer Demand
- China: Emulsion Polymer Demand by Product & Market
- Japan: Key Indicators for Emulsion Polymer Demand
- Japan: Emulsion Polymer Demand by Product & Market
- South Korea: Key Indicators for Emulsion Polymer Demand
- South Korea: Emulsion Polymer Demand by Product & Market
- India: Key Indicators for Emulsion Polymer Demand
- India: Emulsion Polymer Demand by Product & Market
- Taiwan: Key Indicators for Emulsion Polymer Demand
- Taiwan: Emulsion Polymer Demand by Product & Market
- Other Asia/Pacific: Key Indicators for Emulsion Polymer Demand
- Other Asia/Pacific: Emulsion Polymer Demand by Product & Market
SECTION VIII -- OTHER REGIONS
- Central & South America: Key Indicators for Emulsion Polymer Demand
- Central & South America: Emulsion Polymer Demand by Product & Market
- Brazil: Key Indicators for Emulsion Polymer Demand
- Brazil: Emulsion Polymer Demand by Product & Market
- Other Central & South America: Key Indicators for Emulsion Polymer Demand
- Other Central & South America: Emulsion Polymer Demand by Product & Market
- Eastern Europe: Key Indicators for Emulsion Polymer Demand
- Eastern Europe: Emulsion Polymer Demand by Product & Market
- Africa/Mideast: Key Indicators for Emulsion Polymer Demand
- Africa/Mideast: Emulsion Polymer Demand by Product & Market
SECTION IX -- INDUSTRY STRUCT URE
- Emulsion Polymer Sales by Company, 2009
- Selected Acquisitions & Divestitures
- Selected Cooperative Agreements
LIST OF CHARTS
SECTION III -- MARKETS
- World Emulsion Polymer Demand by Market, 2009
- World Emulsion Polymer Demand by Region, 1999-2019
SECTION IV -- PRODUCTS
- World Emulsion Polymer Demand by Product, 2009
- World Acrylic Emulsion Market Share, 2009
- World Styrene-Butadiene Latex Market Share, 2009
- World Vinyl Acetate Emulsion Market Share, 2009
SECTION V -- NORTH AMERICA
- North America Emulsion Polymer Demand by Country, 2009
SECTION VI -- WESTERN EUROPE
- Western Europe Emulsion Polymer Demand by Country, 2009
SECTION VII -- ASIA/PACIFIC
- Asia/Pacific Emulsion Polymer Demand by Country, 2009
SECTION IX -- INDUSTRY STRUCTURE
- World Emulsion Polymer Market Share, 2009
