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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Polyurethane Additives Market Dynamics- Forecast 2025

The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives in emerging economies, such as APAC and South America, is increasing owing to the growing construction industry. The volatility in raw material prices and the recyclability of polyurethanes is hindering the polyurethane additives market. The demand for polyurethane additives is increasing, owing to the growing demand for innovative and cost-effective additives. This increase in demand for bio-based polyurethane additives provides growth opportunities to the market. On the other hand, the increasing regulatory pressure towards the usage of bio-based products is the major challenges for the market.

Driver: Increasing demand for innovative and cost-effective additives

Flexible polyurethane foam is an important material finding usages in mattresses, furniture cushioning, bedding, carpet underlay, automotive interiors, etc. These being highly cellular polymers are easily ignitable. This characteristic limits their greater use in areas that require them to pass certain fire regulations as fire hazards are associated with the use of these polymeric materials, which can cause loss of life and property, are of particular concern among government regulatory bodies, consumers, and manufacturers alike. This further drives the demand for innovating new additives such as flame retardants to reduce the flammability of polyurethanes. A large range of flame retardants such as inorganic phosphorus, organophosphorus, nitrogen, halogen, and phosphorus-halogen based compounds are used to meet the demand for the required additives.

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Restrain: Volatility in the raw material prices

Raw materials used for manufacturing polyurethane are primarily extracted from crude oil. According to the US EIA (Energy Information Administration), in 2020, Brent crude oil spot prices averaged USD 40 per barrel in June, up to USD 11 per barrel from May and up to USD 22 per barrel from the multiyear lows from April. Prices rose as OPEC+ producers agreed to extend the deepest production cuts through July, and many locations, previously on lockdown, demanded more liquid fuels. Given supply reductions and rising demand, the EIA estimated that global oil inventories declined in June 2020 for the first time since December 2019. The global oil inventory averaged 8.4 million barrels per day, which caused crude oil prices to drop sharply. Owing to such fluctuating crude oil prices, raw material prices of polyurethane additives are volatile.

Opportunity: Emerging market for environment-friendly polyurethane additives

A few polyurethane additives are hazardous, and their application is limited owing to negative effects on polymer mechanical properties. Accordingly, identifying materials that are environmentally friendly and harmless to humans has become urgent. There are a few alternative polyurethane additives that are gaining research interest. Those are natural and recyclable resources that can enhance the flame retardant properties of other polymers. Room for improvement is always present as the related technology is continually developed. Hence, the growing demand for environment friendly polyurethane additives is creating a growth opportunity for the market.

Challenge: Increasing regulatory pressure on the usage of eco-friendly products

Various measures have been adopted across different countries to create a sustainable environment. There are various regulations that put pressure on chemical manufacturers to produce environmentally friendly products. The EPA (Environmental Protection Agency) has banned a few chemicals that are hazardous to the environment. Extensive research is conducted to develop environment-friendly products. Moreover, the regulations are stricter in various countries of Europe and in California (US). Hence, it is building pressure on chemical manufacturers to produce environment-friendly alternatives that provide the same quality and performance as of the chemicals that are not environment friendly.

APAC is projected to be the fastest-growing market for polyurethane additives. The rising population, increased demand for automobiles, growing disposable income, rapid industrialization, and increased urbanization are driving the APAC polyurethane additives market. China is the largest market for polyurethane additives in the region. China is also a major producer and consumer of polyurethane additives in the region as it has a huge manufacturing base. Apart from China, India and South Korea are projected to grow at a decent rate during the forecast period.

The key players in the non-phthalate plasticizers market include Evonik Industries (Germany), BASF (Germany), Huntsman Corporation (US), Covestro (Germany), Dow Inc. (US), Lanxess AG (Germany), lbemarle Corporation (US), Tosoh Corporation (Japan), Momentive (US), and BYK (US). These players have established a strong foothold in the market by adopting strategies, such as expansion and new product launch.

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Impact Modifiers Market Driver: Increase in demand for plastics

The global impact modifiers market size is estimated at USD 3.9 billion in 2020 and is projected to reach USD 5.0 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. Impact modifiers are additives that enable plastic products to absorb shocks and protect these products from cracking or breaking. The use of impact modifiers improves the properties of polymers, such as impact strength, toughness, and hardness. The amount of impact modifier added depends upon the level of impact resistance needed for end-use applications.

Plastics have many applications in several industries, such as packaging, construction, automotive, consumer goods, textile, agriculture, and medical, among others. Plastics, especially engineering plastics, possess superior mechanical and electrical properties, excellent abrasion resistance, superior chemical resistance, and other properties in comparison to those of conventional materials such as metals, glass, paper, and ceramics.

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Continuous innovation and the need for lighter material in several applications are encouraging the replacement of conventional materials with plastic. The increase in consumption of polymers has also increased the usage of impact modifiers in the manufacturing of products for various applications, which improve the mechanical and impact properties of the final product and reduce its cycle time.

PVC is the largest application segment of the impact modifiers market by application. The growth of impact modifiers in PVC application is mainly attributed to its easy availability and low cost as well as the increasing applicability of PVC among varied end-use industries, such as packaging, construction, automotive, and consumer goods. PVC is mainly used in pipes, windows, flooring, roofing, inflatable structures, and lighter structures. It contributes to the quality, cost-effectiveness, and safety of construction material.

The impact modifiers market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific impact modifiers market in 2019. Moreover, the Asia Pacific region is an emerging and lucrative market for impact modifiers, owing to industrial development and improving economic conditions. The presence of a number of plastic products manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the impact modifiers market during the forecast period.

Major companies such as Dow Inc. (US), Lanxess A.G. (Germany), Kaneka Corporation (Japan), Arkema S.A. (France), Mitsubishi Chemical Corporation (Japan), LG Chem Ltd. (South Korea), Shandong Ruifeng Chemical Co., Ltd. (China), Mitsui Chemicals, Inc. (Japan), Wacker Chemie AG (Germany), Formosa Plastics Corp. (Taiwan), Sundow Polymers Co., Ltd. (China), SI Group, Inc. (US), Akdeniz Kimya San. ve Tic. Inc. (Turkey), ), En-Door (China), Novista Group (China), and Indofil Industries Limited (India) and among others.

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Feminine Hygiene Products Market worth $27.7 billion by 2025

The global feminine hygiene products market size is projected to grow from USD 20.9 billion in 2020 to USD 27.7 billion by 2025, at a CAGR of 5.8% during the forecast period 2020 to 2025. The market growth is driven by the rise in awareness about feminine hygiene management and the increasing disposable income of females.

Driver: Rising female literacy and awareness of menstrual health & hygiene

Over the last decade, global agencies and organizations such as UNICEF and UNESCO have been active in raising literacy levels of young females in under-developed and developing countries as rising female literacy will have a positive impact on feminine health management. UNICEF also views menstrual health and hygiene as a fundamental right of women and girls and hence has termed it as a key objective in its Sustainable Development Goals (SDGs) for 2030. The rising literacy level among females is expected to have a positive impact on the overall feminine health management and thus is directly linked to the adoption of feminine hygiene products. As a result, rising female literacy is expected to drive the feminine hygiene products market.

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Restraint: Social stigma associated with menstruation and feminine hygiene products

The common perception and stigma associated with menstruation acts as a major disadvantage for many women. According to the Essity Health & Hygiene Report 2019, one of four women come under the menstruating age in the world. Women who menstruate not only need a private space for washing and managing their menstruation but also need feminine hygiene products and an appropriate place for disposal. These needs are often overlooked in rural areas, making menstruation an impediment in community participation, education, and working life.

According to UNICEF, menstrual and hygiene needs remain unchecked due to gender inequality, discriminatory social norms, cultural taboos, and poverty. Girls face stigma, harassment, and social exclusion during menstruation. This compels girls and women to adopt traditional feminine hygiene products or completely avoid using them. For example, girls in Bolivia were reported carrying around used sanitary napkins because they believe the blood could cause disease if it comes in contact with other garbage. In many societies, tampons are reserved for married women in fear that they can rupture the hymen.

Opportunity: Developing eco-friendly feminine hygiene products

Currently, the issue of the non-biodegradability of feminine hygiene products is a serious environmental concern. However, the development of eco-friendly products such as sanitary napkins from the natural fiber is a sustainable option to advance in this market. The naturally available absorbent fibers such as organic cotton, banana fiber, jute, and bamboo etic are widely available, are biodegradable in nature, and have a low carbon footprint. The use of these fibers also reduces the manufacturing cost of sanitary napkins.

Companies such as Saathi, Carmesi, Heyday, Everteen, Purganic, and Aakar are producing sanitary napkins using 100% eco-friendly biodegradable products. Moreover, these companies enable women in rural locations to produce and distribute affordable and biodegradable sanitary napkins to the masses. This sustainable solution for developing sanitary napkins provides a unique opportunity for companies to enter the market.

Challenge: Impact of feminine hygiene products on the environment

Currently, the environmental impact caused by sanitary napkins is one of the widely debated issues. A plastic disposable sanitary napkin requires approximately 500-800 years to decompose completely. Thousands of tons of disposable sanitary napkin waste are generated every month all over the world. According to Menstrupedia, a digital guide for information on menstruation and issues, approximately 432 million sanitary napkins are generated in India annually, which can potentially cover landfills spread over 24 hectares.

According to The Good Trade, over 20 billion feminine hygiene products end up in a landfill every year in the US, and tons of waste can be found scattered or clogged in waterways in low-income countries that lack the infrastructure to dispose of this waste. Most of the chemicals from these products cause groundwater pollution and loss of soil fertility, and hence disposing of them is a major issue. Incineration has often been considered as another alternative to a landfill; however, the operational costs and further environmental damage in terms of toxic fumes create additional issues.

Asia Pacific accounted for the largest share of the feminine hygiene products market in 2019. The countries considered for study in the Asia Pacific feminine hygiene products market include China, India, Japan, Indonesia, Malaysia, and Thailand. Growing disposable income, rapid urbanization, and awareness about menstrual hygiene management are driving the feminine hygiene products market in this region. Recently, the Indian government announced plans to invest USD 160 million in the Suvidha initiative, a scheme to ensure proper access to sanitary napkins in rural areas of the country. The government plans to provide biodegradable sanitary napkins to the masses at the cost of USD0.00014 through this scheme. The government plans to involve high net worth individuals (HNIs) and corporates to assist in distributing sanitary napkins to underprivileged women across the country. These developments will further boost the demand for feminine hygiene products.

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Plastic Antioxidants Market worth $2.6 billion by 2025

The plastic antioxidants market is projected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% from USD 2.0 billion in 2020. Antioxidants are stabilizing agents that inhibit the process of oxidation by reacting and decomposing the reactive species. They protect plastics and other materials against thermally induced oxidation. Antioxidants that are used in plastics include primary antioxidants and secondary antioxidants. Different types of antioxidants provide different levels of reactivity as a function of temperature and also react and decompose the different radical intermediates in the oxidation process, thereby providing thermal stability to plastics.

PP is the largest polymer resin segment of the plastic antioxidants market. Asia Pacific was the largest market for plastic antioxidants in 2019, in terms of both volume and value. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market.

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Phosphite & Phophonite are projected to be the fastest growing type in the plastic antioxidants market

Phosphites & phosphonites are phosphorus-based secondary antioxidants. Secondary antioxidants are known as hydroperoxide decomposers as they react with hydroperoxides to produce non-radical products. They are used in combination with primary antioxidants. Phosphites & phosphonites are among the most effective stabilizers, as they protect both primary antioxidants and the polymers during processing. Hydrolytically stable phosphites & phosphonites are generally the most frequently used polymer stabilizers. Strong demand for plastics in applications, such as automotive and construction are driving the demand for phophites & phophonites. This plays a key role in driving the plastic antioxidants market in this region. China and Japan house major players in electronics, automotive, and consumer goods. These industries generate high demand for plastics, and in turn, high demand for plastic antioxidants.

The PP estimated to be the largest polymer resin segment of the plastic antioxidants market

PP is a thermoplastic polymer with the presence of tertiary carbon atoms. The presence of tertiary carbon atoms makes it susceptible to oxidation and thermal degradation at high temperatures. Polypropylene is processed at temperatures between 428°F and 536°F, and under these conditions, it degrades to form low molecular weight products. Thus, antioxidants are added to PP to stabilize it. Antioxidants are added during the manufacturing process and palletizing. The commonly used antioxidant for PP is butylated hydroxyl-toluene (BHT), which is used as a primary antioxidant, and phosphite & phosphonite, used as secondary antioxidants. Blends of thioesters and phenol antioxidants are also used. Polypropylene is used in packaging & labeling, automotive components, stationery, plastic parts, reusable containers, laboratory equipment, and loudspeakers.

APAC projected to be fastest growing region for the plastic antioxidants market

The region is characterized by a growing population and economic developments. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the plastic industry. This, in turn, is expected to drive the plastic antioxidants industry in the near future. The increase in employment rate, the rise in disposable income of the people, and an increase in foreign investments in various industries of the economy are some of the other factors that make APAC an attractive market for plastic antioxidants manufacturers.

The key market players profiled in the report include BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), and Dover Chemical Corporation (US).

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APAC is projected to be the fastest-growing High Performance Fluoropolymers Market

The global high performance fluoropolymers (HPF) market size is estimated to be USD 3.1 billion in 2020 and is projected to reach USD 4.3 billion by 2025, at a CAGR of 7.0%, between 2020 and 2025. HPF is used mainly in industrial processing, transportation, electrical & electronics, and medical, among others. It is used for manufacturing various products such as coatings, films, membranes, tubes, wire & cable, seals, gaskets, liner, mechanical parts, and many others in these industries. High chemical & temperature resistance, excellent dielectric properties, and lightweight are some of the characteristics owing to which the demand for high performance fluoropolymers is high in industrial processing segment.

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APAC is expected to be the fastest-growing market for HPF, owing to the presence of large manufacturing and highly populated countries, such as China and India. China, India, Japan, Indonesia, and South Korea are some of the key countries in the HPF market in this region. In 2019, China accounted for the largest share of the APAC market, owing to the presence of huge chemical, automotive, medical, and electronics industries. The growing production of automobiles, consumer household, medical disposables, and their increasing demand across the region boosts the demand for HPF. Growth in the manufacturing of automobiles and electronics hardware across the region is expected to grow further with changing demographics. Owing to which APAC is projected to be the fastest-growing HPF market.

Key Market Players

The Chemours Company (US), Daikin Industries, Ltd. (Japan), 3M (US), Solvay SA (Belgium), AGC (Japan), The Dongyue Group (China), Gujrat Fluorochemicals Ltd. (India), Halopolymer OJSC (Russia), and Hubei Everflon polymer (China) are the key players operating in the HPF market.

These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2020 to strengthen their positions in the market. Expansion is the key growth strategy adopted by these leading players to enhance regional presence and develop product portfolios to meet the growing demand for HPF from emerging economies.

AGC (Japan) was one of the key players in the HPF market in 2019. It is primarily engaged in the production and marketing of glass, electronic materials, chemicals, and ceramics globally. It has 210 subsidiaries and has a presence in 30 countries across APAC, Europe, North America, South America, and the Middle East & Africa. It has a strong foothold across the APAC region, contributing around 70% of the group’s revenue.

The company has adopted organic growth strategies to increase its market share and revenue. For example, in February 2019, the company launched FEP high performance fluoropolymer under its brand AFLAS. This polymer is used majorly in automotive underhood component systems and can withstand an operating temperature of 392OF.

Gujarat Fluorochemicals Limited (GFL) is a market leader in fluoropolymers, industrial gases, chemicals, energy, and entertainment. It was the fourth-largest producer of PTFE globally in 2019 and had sales & distribution network across 50 countries across the globe. The extensive geographical presence helped the company capture a significant market share and maintained its leadership in the high performance fluoropolymers market. It accounted for over 11% of the global fluoropolymer market share with the help of its worldwide presence and 20,000 tons of PTFE production capacity.

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Conformal Coating Market Opportunities: Surge in demand for medical equipment due to COVID-19 outbreak

The Conformal coatings market is estimated to be USD 807 million in 2020 and is expected to reach USD 1,081 million by 2025 at CAGR of 6.0%. Conformal coatings are a type of protective coatings of 25-75µm thickness which are applied to printed circuit boards (PCBs) and other electronic components to protect them from harsh environments such as dust, solvents, moisture, humidity, and high temperature. Conformal coatings increase the operational performance of PCBs assemblies by maintaining long-term surface insulation.

The COVID-19 pandemic has resulted in lockdowns in several countries, compelling the shutting down of several manufacturing facilities. While end-use industries such as automotive & transportation and consumer electronics have declined, the pandemic has resulted in a surge in demand for medical and food packaging. Owing to this increasing demand, medical device and their component manufacturers are operating at maximum capacities. Conformally coated PCBs are used in medical applications since they are effective in protecting electronic devices from erosion and external chemical attack. With healthcare facilities battling the COVID-19 crisis, demand for medical devices and equipment is high, and as a result, machinery to manufacture this equipment is also in high demand, thus creating opportunities for conformal coating manufacturers.

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APAC is expected to be the largest market for conformal coating

APAC is the largest market of conformal coatings, and this dominance is expected to continue till 2025. China is the key market in the region, consuming more than half of the demand for conformal coatings, followed by Taiwan, South Korea, and Japan. These countries are expected to witness a steady increase in consumption from 2020 to 2025. The region contributes close to 90% of PCB production in the world, and market is mainly driven by the presence of a large number of leading global electronics companies. PCB industry is quite fragmented as there are more than 100 companies that constitute close to 90% of overall PCB revenues and most of them belong to APAC, more so in China & Taiwan. Recent years have seen a lot of PCB manufacturing shifts to APAC due to cost-effectiveness and closer access to customers in the region, hence the increase in consumption of conformal coatings.

The key companies in the conformal coatings are Henkel (Germany), Illinois Tool Work (US), Shin-Etsu Chemical (Japan), Dow (US), H.B. Fuller (US), Chase Corporation (US), Electrolube (UK), Dymax Corporation (US), MG Chemical (Canada) and Specialty Coating System (US).

Dow is one of the largest chemical manufacturing and distributing companies in the world. The DowDuPont company has been organized into three operating segments namely performance materials & coatings, industrial intermediates & infrastructure and packaging & specialty plastics. It offers conformal coatings under the performance materials & coatings segment. The company has an extensive global presence with 109 manufacturing plants in 31 countries across the Americas, APAC, Europe and Middle & Africa.

• In February 2020, Dow introduced DOWSIL CC-820 UV and Moisture Dual-Core Conformal Coating at the IPC APEX EXPO 2020. This is the first solvent less silicone conformal coating which has a moisture dual-core system for high throughputs. The new product promotes sustainability, health and safety.
• In September 2018, Shin-Etsu decided to invest USD 1 billion in the facility for silicone business. The expansion will increase the production capacity of various silicone fluids, resins, monomers, intermediates and rubber end products at the bases in Japan and globally.

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