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.
Report Coverage | Details |
Market Size in 2024 | USD 4.91 Billion |
Market Size by 2033 | USD 8.02 Billion |
Growth Rate From 2024 to 2033 | CAGR of 5.6% |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Segments Covered | Type, Application, End-use, |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Country scope | U.S. |
Key Companies Profiled | OMNOVA Solutions; Trinseo; Mallard Creek Polymers, Inc.; Specialty Polymers Inc.; STI Polymer; Engineered Polymer; Solutions; Celanese Corporation; The Dow Chemical Co.; 3M; Arkema Group.; Asahi Kasei Corporation; Solvay Chemicals, Inc. |
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.
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.
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.
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.
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
Application
End-use
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segment Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Emulsion Polymer Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Market Penetration & Growth Prospects Mapping
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. U.S. Emulsion Polymer Market- Business Environment Analysis
3.6.1. Industry Analysis- Porter’s Five Force Analysis
3.6.2. Industry Analysis- Macroeconomic Factors Analysis
Chapter 4. U.S. Emulsion Polymer Market: Type Estimates & Trend Analysis
4.1. Type Movement Analysis & Market Share, 2024 & 2033
4.2. U.S. Emulsion Polymer Market Estimates & Forecast, By Type, 2021 to 2033 (Kilotons) (USD Million)
4.3. Acrylics Polymer
4.3.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.4. Styrene-Butadiene Latex
4.4.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.5. Vinyl Acetate Polymer
4.5.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.6. Others
4.6.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 5. U.S. Emulsion Polymer Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2024 & 2033
5.2. U.S. Emulsion Polymer Market Estimates & Forecast, By Application, 2021 to 2033 (Kilotons) (USD Million)
5.3. Paints & Coatings
5.3.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.4. Adhesives & Sealants
5.4.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.5. Paper & Paperboard
5.5.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.6. Others
5.6.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 6. U.S. Emulsion Polymer Market: End use Estimates & Trend Analysis
6.1. End use Movement Analysis & Market Share, 2024 & 2033
6.2. U.S. Emulsion Polymer Market Estimates & Forecast, By End use, 2021 to 2033 (Kilotons) (USD Million)
6.3. Building & Construction
6.3.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.4. Automotive
6.4.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.5. Chemicals
6.5.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.6. Textile & Coatings
6.6.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.7. Others
6.7.1. Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 7. U.S. Emulsion Polymer Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Market Share/Position Analysis, 2024
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.5.1. Expansion
7.5.2. Mergers & Acquisition
7.5.3. Partnerships & Collaborations
7.5.4. New Process Launches
7.5.5. Research And Development
7.6. Company Profiles
7.6.1. OMNOVA Solutions
7.6.1.1. Company Overview
7.6.1.2. Financial Performance
7.6.1.3. Product Benchmarking
7.6.2. Trinseo
7.6.2.1. Company Overview
7.6.2.2. Financial Performance
7.6.2.3. Product Benchmarking
7.6.3. Mallard Creek Polymers, Inc.
7.6.3.1. Company Overview
7.6.3.2. Financial Performance
7.6.3.3. Product Benchmarking
7.6.4. Specialty Polymers Inc.
7.6.4.1. Company Overview
7.6.4.2. Financial Performance
7.6.4.3. Product Benchmarking
7.6.5. STI Polymer
7.6.5.1. Company Overview
7.6.5.2. Financial Performance
7.6.5.3. Product Benchmarking
7.6.6. Engineered Polymer Solutions
7.6.6.1. Company Overview
7.6.6.2. Financial Performance
7.6.6.3. Product Benchmarking
7.6.7. Celanese Corporation
7.6.7.1. Company Overview
7.6.7.2. Financial Performance
7.6.7.3. Product Benchmarking
7.6.8. The Dow Chemical Co.
7.6.8.1. Company Overview
7.6.8.2. Financial Performance
7.6.8.3. Product Benchmarking
7.6.9. 3M
7.6.9.1. Company Overview
7.6.9.2. Financial Performance
7.6.9.3. Product Benchmarking
7.6.10. Solvay Chemicals, Inc.
7.6.10.1. Company Overview
7.6.10.2. Financial Performance
7.6.10.3. Product Benchmarking