The Styrene Acrylic Emulsion Polymer Market is registered to acquire significant market growth during the assessment period. Styrene Acrylic Emulsion Polymer is made of different acrylate esters (acrylic acid, butyl acrylate, etc.) and by emulsion polymerization of styrene.
The demand for Styrene Acrylic Emulsion Polymer is increasing in packaging materials such as tapes, labels, and envelopes are predicted to drive the global market growth during the review period. Moreover, the demand for styrene acrylic emulsion polymers is increasing in the paints & coatings industry due to the rising consumption of water-based emulsion. Another growth driving factor in this market is growing consumer awareness about solvent-based emulsion’s harmful effects.
Further, the global Styrene Acrylic Emulsion Polymer Market is expected to get hampered because of several factors like the availability of substitutes, the high price of raw material styrene, and stringent regulations.
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As per the global Styrene Acrylic Emulsion Polymer Market report, this market has been segmented based on the application and end-user industry.
In terms of the application segment, the global market for Styrene Acrylic Emulsion Polymer has been segregated into binders, construction chemicals, opacifiers, adhesives, and others.
The global Styrene Acrylic Emulsion Polymer Market has been classified based on the end-use industry into building & construction, cosmetics & personal care, paper & packaging, paints & coatings, and others. The building & construction sector is predicted to generate the largest market share during the review period because of the rising use of styrene acrylic emulsion polymer as a construction chemical. It has been identified that styrene acrylic emulsion polymer has good adhesive properties and is highly resistant to UV rays and alkali.
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There are five important regions, such as Europe, North America, Latin America, Asia-pacific, and the Middle East & Africa, that are contributing largely to the global Styrene Acrylic Emulsion Polymer Market.
A higher CAGR is expected from the Asia-Pacific regional market during the forecast period because of the rising demand from end-use industries like cosmetics & personal care, paints & coatings, and building & construction in the region. Countries like Malaysia, Japan, China, Vietnam, and India are contributing heavily to this region because of rising construction development and activities in the paints & coatings industry.
Moreover, substantial growth has been seen in the Middle East & Africa in the research timeframe because of the rising demand for VOC-free paint and increasing development activities in countries like Qatar and the United Arab Emirates (UAE). Further, steady growth is predicted in the North American regional market during the assessment period. The largest market share is registered by the U.S. in the region. Latin American countries like Argentina and Brazil are expected to acquire steady growth because of the expansion of paper & packaging and paints & coatings industries.
The market for Styrene Acrylic Emulsion Polymer is widely contributed by various key market players like Celanese Corporation (U.S.), The Dow Chemical Company (U.S), and Pexi Chem Private Limited. (India), B. Fuller (U.S.), etc. For instance, in September 2022, a global specialty and chemical materials company announced its strategic agreement with Ravago, a polymer distributor.
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