Top 5 Recent Development in the Polymer Emulsion Market

The global polymer emulsion market size is projected to grow from an estimated value of USD 25.2 billion in 2020 to USD 38.1 billion by 2025, at a CAGR of 8.6% during the forecast period. Monomers dissolved in water are known as polymer emulsions. They are formed by a chain reaction known as emulsion polymerization. They are also known as waterborne polymers due to their water content. Polymer emulsions are used increasingly as substitutes for solvent-based polymers. Polymer emulsions have high molecular weight and are considered eco-friendly as they have low VOCs. The key applications of polymer emulsion are paints & coatings, paper & paperboard, adhesives & sealants, and others.

The key players in the blowing agents market are DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), Asahi Kasei Corporation (Japan), and others. These players adopt various developmental strategies such as expansions, new product development, agreement, and acquisitions to expand their market share.

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Recent Developments

1. In June 2020, Celanese Corporation signed an agreement with Megafarma, an Azelis company, to supply emulsion polymers in Mexico.
2. In January 2020, Celanese Corporation announced plans to expand the emulsion polymers business globally. Under this expansion, Celanese started the debottlenecking of VAE production facilities in Nanjing, China, and Geleen, Netherlands. Further, the company announced plans to expand the VAE production facility at Nanjing by 65,000 metric tons by 2022 and the Geleen facility by 50,000 metric tons per annum by 2023.
3. In September 2019, Synthomer plc expanded acrylic dispersion production capacity by 30%, located at Worms, Germany. The expanded production capacity is 36,000 tons with a fully automated facility. This expansion strengthens the company’s position in end-use industries such as paints and coatings, construction chemicals, adhesives and sealants, and technical textiles.
4. In April 2020, Synthomer plc acquired Omnova Solutions Inc., a specialty chemical company and a major supplier of water-based polymer solutions. With this acquisition, the company would be able to strengthen the polymer emulsion business and have strong operational capabilities across the globe.
5. In February 2019, Wacker Chemie AG launched Vinneva, a polymer binder based on vinyl acetate-ethylene copolymers for application in the construction industry. These polymer binders were designed to make bitumen emulsion more flexible and more resistant and reduce the tendency to form cracks.

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