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Polymer Dispersions Market Size
Polymer Dispersions Market was valued at around USD 10.81 billion in 2023 and is anticipated to register a CAGR of over 5% between 2024 and 2032.
As industries seek alternatives to traditional solvent-based products, polymer dispersions, which are water-based and low in volatile organic compounds (VOCs), are gaining prominence. Additionally, the versatility of polymer dispersions in enhancing product performance, providing excellent adhesion, and contributing to reduced environmental impact is fueling their demand. The emphasis on eco-friendly practices, coupled with stringent regulations promoting cleaner technologies, further propels the market as manufacturers and end-users increasingly prioritize polymer dispersions for their inherent benefits in addressing both performance and sustainability requirements. Thus, the market is expected to attain a market value of over USD 17 billion by 2032.
The cost of raw materials like monomers and additives used in polymer dispersions can fluctuate significantly due to various factors like supply chain disruptions, geopolitical issues, and crude oil price volatility. This can lead to price instability in the market and pose challenges for manufacturers and end-users.
Why is the demand for acrylic dispersion resins increasing?
Polymer dispersions market size from the acrylic dispersion resins segment generated USD 4.32 billion in 2023 and is estimated to record substantial growth by 2032 due to their wide range of functionalities, including excellent adhesion, durability, and UV resistance
What is the size of the polymer dispersions industry?
Market size for polymer dispersions reached USD 11 billion in revenue in 2023 and is set to expand at over 5% CAGR between 2024 and 2032 as industries are seeking alternatives to traditional solvent-based products worldwide
Who are the major manufacturers in the polymer dispersions market?
Some of the top firms operating in the polymer dispersions industry are Arkema S.A., BASF SE, Covestro AG, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Huntsman International LLC, Lanxess AG, Mitsubishi Chemical Corporation, and Mitsui Chemicals, Inc.
How big is the Asia Pacific polymer dispersion industry?
Asia Pacific market size for polymer dispersions was USD 3.41 billion in 2023 and is set to expand at a notable CAGR from 2024-2032 owing to the rapid industrialization, urbanization, and infrastructure development projects in countries like China and India.