Polymer Emulsions are most widely consumed in Paints & Coatings, estimated at US$15 billion (46.8% share) in 2021 and forecast to be US$22.26 billion by 2027. The segment is also projected to be the fastest growing application area on a global basis during the period 2022-2027. Overall market for Polymer Emulsions is expected to reach US$33.3 billion in 2022.
The Polymer Emulsion sector had to face adverse consequences, since the major areas where these products are used either curtailed or completely shut down business activities. Textiles and General Industrial end-use areas for Polymer Emulsions had to face the brunt of major downtrends, with the Building & Construction and Automotive industries also posting a decline in demand between 2019 and 2020, which spilled slightly over to 2021 too.
However, the year 2022 shows hope for recovery, provided the newly detected Omicron variant of the virus as 2021 is subjugated as fast as possible and, as is being widely reported, not cause for major concern.