U.S. Emulsion Polymer Market Size, Share & Trends Analysis Report By Type, By Application (Paints & Coatings, Adhesives & Sealants, Paper & Paperboard), By End-use,- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

U.S. Emulsion Polymer Market Size and Research

The U.S. emulsion polymer market size was exhibited at USD 4.65 billion in 2023 and is projected to hit around USD 8.02 billion by 2033, growing at a CAGR of 5.6% during the forecast period 2024 to 2033.

U.S. Emulsion Polymer Market Key Takeaways:

• Paints & coatings held the largest revenue share of 45.1% in 2023.
• The adhesive & sealants segment held the second-largest revenue share in 2023.
• Based on end-use, the building & construction segment held the largest revenue share of 37.4% in 2023.
• The automotive segment is expected to expand at a significant CAGR from 2024 to 2033. 
• Acrylics polymer dominated the market, with a revenue share of 45.0% in 2023.
• Styrene-butadiene latex held the second-largest revenue share in 2023

Report Scope of U.S. Emulsion Polymer Market

The market is driven by the expanding construction industry in the country. Rampant government and foreign investments for large civil contracts have bridged the gap between aging buildings and demand for redeveloped infrastructure. According to the United States Census Bureau’s March 2024 survey, construction spending in the country during January 2024 was estimated at USD 2.11 billion. The region is expected to witness the highest growth in the residential and single-family homeowners segment over the forecast period owing to lower interest rates being offered by numerous private banks. 

The demand for construction chemicals or embellished coatings in the real estate and construction industry is factored in due to rising investments. For instance, in September 2023, Ferrovial announced an investment of USD 1.0 billion for nine construction projects in Florida and Texas. Work includes the reconstruction and widening of roadways bridges, and drainage maintenance for the surrounding communities.

Emulsion polymers find application across various end-use industries including paints & coatings, adhesives, and paper & paperboard. The growth of these end-use industries is expected to remain a key driving factor for the U.S. emulsion polymer industry over the forecast period. Among the various application segments of emulsion polymers, paints & coatings is a major consumer with a significant demand for acrylics in this segment which, is expected to drive market growth over the forecast period. The demand for emulsion polymers in paints & coatings segment is expected to grow at a rapid pace, on account of the high standard of living and stable economic conditions in the country, which have led to an increase in infrastructure activities.

U.S. Emulsion Polymer Market By Application Insights

Paints & coatings held the largest revenue share of 45.1% in 2023. The segment is driven by the emerging trend of sustainable and odor-free products that contain low volatile organic compounds (VOCs). The primary reason for this preference is the presence of stringent environmental regulations and policies that favor of the production of eco-friendly products. 

The adhesive & sealants segment held the second-largest revenue share in 2023. Emulsion polymer-based adhesives are extensively used in various industries including packaging, footwear, textile, shipbuilding, automotive, electronics, and consumer goods.

U.S. Emulsion Polymer Market By End-use Insights

Based on end-use, the building & construction segment held the largest revenue share of 37.4% in 2023. The country is witnessing a rise in residential and single-family homeowners owing to affordable interest rates offered by several private banks. Increasing construction spending and growing requirements for improved infrastructure in the U.S. are expected to drive the emulsion polymer in the construction sector during the forecast period.

The automotive segment is expected to expand at a significant CAGR from 2024 to 2033. The demand for underbody coatings formulated with emulsion polymers to ensure chemical and corrosion resistance to the metal parts underneath vehicles is driving the segment growth.

U.S. Emulsion Polymer Market By Type Insights

Acrylics polymer dominated the market, with a revenue share of 45.0% in 2023, and is projected to register the fastest CAGR during the forecast period owing to its quick-drying ability. Acrylics polymer find several applications in various end-use industries, especially adhesive sectors. Water resistance property of acrylics polymer is also expected to drive this segment's growth during the forecast period.

Styrene-butadiene latex held the second-largest revenue share in 2023 and is expected to grow at a significant rate during the forecast period. It is used as a replacement for natural rubber and the growth of the tire industry is expected to drive its demand. It is widely used in paper coating, carpet backing, and wood lamination applications owing to its features such as high elasticity, adhesive strength, excellent chemical stability, excellent low-temperature properties, and high resistance to acid, water, and alkali. Rising demand for high-end paper with vivid color graphics and high-quality printing is expected to drive the growth of SB-latex segment.

U.S. Emulsion Polymer Market Recent Developments

• In February 2024, Mallard Creek Polymers announced the launch of Tykote 6161, an all-acrylic water-based emulsion that can offer high barriers to grease and oil at both room and elevated temperatures and provides excellent water resistance properties. This product has a huge scope of application in the food packaging sector. 
  
  
• In June 2023, Arkema Group announced the acquisition of Glenwood Private to develop ultra-high performance polymers to strengthen Arkema’s advanced materials segment’s portfolio. 

Some of the prominent players in the U.S. emulsion polymer market include:

• OMNOVA Solutions
• 3M
• Trinseo
• Mallard Creek Polymers, Inc.
• Specialty Polymers Inc.
• STI Polymer
• Engineered Polymer Solutions
• Celanese Corporation
• The Dow Chemical Co.
• Arkema Group.
• Asahi Kasei Corporation
• Solvay Chemicals, Inc.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. emulsion polymer market

Type

• Acrylics Polymer
• Styrene-butadiene Latex
• Vinyl Acetate Polymers
• Other

Application

• Paints and Coatings
• Adhesives & Sealants
• Paper & Paperboard
• Others

End-use

• Building & Construction
• Automotive
• Chemicals
• Textile & Coatings
• Others