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Emulsion Coatings Market Size to Grow at a CAGR of 4.6% During the Forecast Period From 2021-2026

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Emulsion Coatings Market Size to Grow at a CAGR of 4.6% During the Forecast Period From 2021-2026

October 28
22:06 2021
Emulsion Coatings Market Size to Grow at a CAGR of 4.6% During the Forecast Period From 2021-2026
Emulsion Coatings Market
The Growing Need for Printing Electronics Owing to the Growing Demand of Electronic Gadgets in the Present Day Is Driving the Growth of the Emulsion Coatings Market

Emulsion Coatings Market size is expected to be valued at $49.7 billion by the end of the year 2026 and the emulsion coatings industry is set to grow at a CAGR of 4.6% during the forecast period from 2021-2026. The growing need for printing electronics owing to the growing demand of electronic gadgets in the present day is driving the growth of the emulsion coatings market. Emulsion coatings are commonly produced with vinyl acetate-ethylene which is mostly water-based coatings, thus offering various advantages such as low toxicity, improved adhesion, inflammability and less expensive. The increase in environmental preservation awareness leading to the demand for eco-friendly paintings and coatings has also contributed to the growth and demand for emulsion coatings market.

COVID-19 impact

Amid the Covid-19 pandemic, the emulsion coatings market was affected hugely. The global shutdown due to the pandemic situation lead to the slowdown in the growth of the emulsion coatings market. The daily operational activities were drastically reduced during the beginning of the pandemic shutdown. Furthermore, the economic restrictions, restrictions on imports & exports, affected the emulsion coatings market in terms of production, sales and profits. However, the situation eased out by the end of the year 2020 and is now set to grow further by the year end 2021.

Emulsion Coatings Market Segment Analysis – By Resin Type

Acrylic resin segment held the largest share of 34 % in the emulsion coatings market in the year 2020. Acrylic resin coatings are water based coatings that offers various advantages such as resistance to detergents, good weatherability and good stain resistance which makes it a preferred type of polymer for producing emulsion coatings and related products. It is used in many key-use industries such as packaging, construction, automotive, electrical and electronics and others. Acrylic resin painting is also majorly used on plastics and is ideal to use on recycled plastics, plastic bottles and other plastic items. According to Plastics Europe, in the year 2019, the total production of plastics in Europe amounted to 50.7 million tonnes. This is contributing to the growth of acrylic resin in the resin type segment of the emulsion coatings market.

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Emulsion Coatings Market Segment Analysis – By Form

Powder segment held the largest share of 54% in the emulsion coatings market in the year 2020. Powdered emulsion coatings provides an aqueous (solvent-free) and conductive emulsion for surface treatment of low-conductivity surfaces. It adheres well to the surface of the object. This kind of conductive emulsion provides various advantages such as creating a uniformly conductive surface for evenly attracting powder particles and a smooth and hard film highly resistant to scratches. Powder emulsion coatings can be used on various surfaces ranging from wood to plastic and thus making it a preferred form of emulsion coatings in many applications across various end-use industries.

Emulsion Coatings Market Segment Analysis – By Application

Interior coatings segment held the largest share of 38% in the emulsion coatings market in the year 2020. Emulsion coatings are widely used in interior wall coatings as they are ideal for ceilings and walls owing to their ease in application. Emulsion coatings in interior wall painting provide various advantages such as humid resistance, which will be ideal for use in kitchens and restrooms, where there are chances of steaming. Emulsion provides abrasion resistance, which does not let the painting to crack or fade soon. The global interior architecture coatings market was valued at US $39.8 billion in the year 2018. This is one of the factors driving the growth of emulsion coatings in the interior coatings market.

Emulsion Coatings Market Segment Analysis – By End-Use Industry

Building and Construction segment held the largest share of 40% in the emulsion coatings market in the year 2020. Emulsion coatings are widely used in the paints, coatings and primers used for painting the interior and exterior walls of building. Emulsion coatings offers various advantages such as abrasion resistance, humidity resistance, protection from heat and corrosion resistance which makes eventually increases the need for emulsion coatings in the building and construction industry. The construction industry is estimated to reach US$ 8 trillion by 2025, which is a progressive sign for the emulsion coatings market, as it is widely used for paintings and coatings in the building and construction sector.

Emulsion Coatings Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 43% in the emulsion coatings market in the year 2020. The increase in the growth of building and construction industry in countries like India, China, Japan and South Korea is driving the demand for emulsion coatings market. In 2020, the market size of the Indian painting market reached $7.75 billion (INR 570 billion). The increase in the size of building and construction sector is leading to the increase in demand for paintings and coatings which is further increasing the demand for emulsion coatings, as they possess superior qualities which helps sustain the coatings life and helps in adding value to the product.

Emulsion Coatings Market Drivers

Growth in the electronics industry

The growth in the electronics industry is driving the need for emulsion coatings as they are extensively used in the manufacture of electronic products. The emulsion coatings are used in the motherboards, chips and integrated circuit for various needs such as insulation, additional coating, increased strength and others. According to Equipment Market Data Subscription (EMDS)’s report, the North American market of the semiconductor equipment manufacturing industry was valued at US $ 3.04 billion as at January 2021 (three months average basis). This is set to increase the demand of emulsion coatings industry, as they are widely used in semi-conductor components.

One of the top quality water based coatings

It is produced with tiny polymers which makes it easier for it to disperse in water and form an emulsion, thereby facilitating a smooth surface stabilization. The waterborne poly(vinyl acetate-ethylene) (PVAc) acts as a good agent which helps in dispersions stabilized with poly(vinyl alcohol) (PVA) which is used in wood adhesive. This provides various advantages such as easy maintenance, less effort for cleaning, excellent adhesion and better colour retention. Water-based coatings have better adaptability which lets the coating be directly sprayed in any environment, without any compensation in the adhesion. It is also considered as a green product; which is eco-friendly and does not release any toxic substance in the air, thus making it a less harmful product.  

Emulsion Coatings Market Challenges

Emission of high volatile organic compounds

The process of manufacture of polymer emulsion releases high Volatile Organic Compound (VOC) in the surroundings which is highly dangerous for the environment. The emission of volatile organic compounds causes several harmful health-related effects on the workers and also to the end-users. This leads to the trouble of chronic health issues like respiratory problems. Therefore governments of many countries have laid regulatory rules on the manufacture of emulsion coatings and related products. In most countries, the limit set for the content of such volatile organic compounds, like lead is 90 parts per million (ppm) total lead content, based on the weight of the total non-volatile content of the paint. Any amount beyond the specified limit will attract legal actions.  This is one of the biggest challenge for the emulsion coatings market.

Emulsion Coatings Market Industry Outlook

Acquisitions and mergers, collaborations, partnerships, expansion, new product launches and investments, are some of the key strategies adopted by players in the Emulsion Coatings Market. Major players in the Emulsion Coatings Market are Celanese Corporation, DIC Corporation, Synthomer plc, Asahi Kasei Corporation, Arkema Group, Trinseo, The Lubrizol Corporation, Wacker Chemie AG, Dow Chemical Company and NIPSEA GROUamong others.

Acquisitions/Technology Launches

In April 21, 2020, Vinneva launched a new product line for polymer-modified bitumen emulsions. The polymers ensure that coatings adhere exceptionally well to building fabric for a long time. They moreover reinforce the barrier effect against water pressing in on a basement wall or other building parts.

Key Takeaways

Asia-Pacific market held the largest share in the emulsion coatings market due to the increase in demand for conductive inks and pastes for use in electronic devices in countries like India, China, Japan and South-Korea.

The rapid technology revolution in the present days coupled with the ever increasing urbanization and the growing needs of the people across the world is contributing to the growth of electronics industry which is turn increasing the demand and growth of emulsion coatings industry.

The various properties offered by emulsion coatings such as increased adhesion, water based coating solutions are increasing the demand for emulsion coatings market.

Amid the Covid-19 pandemic the emulsion coatings market went through a lot of downfalls, leading to huge losses due to market restrictions. It is however set to improve in the coming months of 2021.

Related Reports:

A. Wax Emulsion Market

https://www.industryarc.com/Report/16411/wax-emulsion-market.html

B. Resins Market

https://www.industryarc.com/Report/18233/resins-market-research-report-analysis.html

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