Asia Pacific is fastest growing market for emulsion polymers

In the report, “Emulsion Polymers Market by Type (Acrylic, Vinyl, SB Latex, Polyurethane Dispersion & Others), Application (Paints & Coatings, Paper & Paperboard, Adhesives & Sealants & Others) & Geography - Global Trends and Forecasts to 2018”, MarketsandMarkets estimates the global market for vinyl emulsions to reach 4,600.4 kilotons by 2018. The Asia-Pacific is the largest market for emulsion polymers with the highest consumption by volume around the globe. The demand for emulsion polymer in Asia-Pacific is driven by countries such as China, Japan, South Korea, India, Taiwan, Malaysia, Thailand, Indonesia, and Philippines. The major industrial segments using emulsion polymers would be transportation, consumer durables, and building & construction. The market is expected to grow with a high CAGR to reach 6,581.4 kilotons by 2018. Asia-Pacific has witnessed significant EP manufacturing capacity expansions in the last five years. Most major manufacturers such as BASF S.E. (Germany) have capacity expansion plans in Asia-Pacific.