Non‐vinyl Emulsion Paint Market Size (2023 - 2030)

The Non‐vinyl Emulsion Paint market is anticipated to expand at a CAGR of 6.4% over the forecast period.

INDUSTRY OVERVIEW

Emulsion Paint coatings are applied to the inside and exterior surfaces of various buildings to improve aesthetics and safeguard against corrosion, moisture, ultraviolet (UV) radiation, blistering, chalking, fading, and peeling. They are resistant to fire and scratching and feature anti-slip, anti-graffiti, anti-microbial, urine-repellent, and other qualities. Additionally, decorative coatings are used globally in the commercial, industrial, and residential sectors because they provide metal and plastic substrates vibrant hues, help with light absorption, and provide insulation.

One of the main drivers of the market's growth is the fast expansion of infrastructure throughout the world. Additionally, major firms in the sector are concentrating on product improvements to provide a better client experience. To strengthen their brand visibility, they are also taking part in partnerships and collaborations. Emulsion paint also has a wide range of uses in other products including watches, door knobs, eyeglasses, furniture, automobile parts, and bathroom accessories. In the food and beverage (F&B) business, they are also used in packaging materials and clear glass-ceramic cookers. Additionally, rust inhibitors and fabric dyes are used in water-based decorative coating additives to prevent oxidation of metal substrates and to colour tint or enhance the shine of fabrics. In addition, a lot of individuals are wearing jewellery made of plastic or paper machetes because of the rising price of gold and other precious metals. This is propelling the industry, coupled with the increased demand for environmentally friendly decorative coatings. Additionally, rising do-it-yourself (DIY) trends among individuals and rising renovation and refurbishing of houses and workplaces are driving the market's expansion.

COVD-19 IMPACT ON THE NON‐VINYL EMULSION PAINT MARKET

Nearly every country in the world has increased travel regulations in response to the COVID-19 epidemic. The manufacturing sector has been completely shut down since March 2020 due to the rising number of sick people and absolute lockdown in important industrial centres. Workers have either gone back to their hometowns or have been isolated to stop the coronavirus from spreading. Construction, automotive, chemical, textile, and coatings firms have been compelled to shut down locations due to probable upstream supply chain concerns. Since consumers are less likely to be looking for new houses due to poor consumer confidence and dropping earnings, there will likely be less demand for residential building development. The demand for automobiles has sharply decreased as a result of the uncertain future. Globally, the impact on textile orders for apparel and apparel accessories has decreased by 30% on average. Companies that make chemicals have stopped production or are using fewer resources than usual. With the lifting of the lockdown, governments all over the world are encouraging businesses in the construction, automotive, chemical, textile, and coatings industries to resume operations, and these businesses are working to recover the market with the expectation of a gradual increase in sales in 2021.

MARKET DRIVERS:

Global architectural paints & coatings industry seeing strong growth

The need for protective and long-lasting paints has led to substantial growth in the worldwide Non-Vinyl Emulsion Paint market in 2021. Over the projected period, 2022–2030, rapid urbanization and increased consumer disposable income are also anticipated to boost market expansion. The demand for worldwide Non-Vinyl Emulsion paint products is anticipated to rise as a result of this trend. Over the projection period, 2022–2030, it is anticipated that rising residential infrastructure development and rising high-quality color paints demand would have a beneficial impact on industry expansion.

The shift in favor of using environmentally friendly items is boosting market growth

During the projection period, 2022–2030, rising consumer awareness of the environmental effect of solvent-based goods combined with positive regulatory developments is anticipated to propel demand. It is predicted that the movement in consumer preference toward environmentally friendly paints and coatings will encourage the development of products with low or no VOC content. This development has increased emulsion polymerization output on a worldwide scale. Industry professionals may create high molecular weight polymers with less viscosity by using this technology. Additionally, throughout the projection period of 2022–2030, rising consumer awareness of green construction is predicted to fuel worldwide demand.

MARKET RESTRAINTS:

Variable Cost of Raw Materials is restraining market growth

Some of the raw materials utilized by industry participants are produced from petrochemical-based feedstocks, such as crude oil and natural gas, which are prone to sharp and abrupt price changes. Global macroeconomic variables, particularly OPEC output restrictions and growing demand for petroleum-based goods, might amplify these price changes in addition to supply and demand considerations. Operations in the sector might be adversely affected by any substantial changes in the price and availability of raw materials.

This research report on the Non‐vinyl Emulsion Paint market has been segmented and sub-segmented based on Type, Form, Application, End-User and By Region.

NON‐VINYL EMULSION PAINT MARKET – BY TYPE

• Acrylic Polymer Emulsion
• SB Latex
• Others

Based on the type, the non-vinyl emulsion pint market is s segmented into Acrylic Polymer Emulsion, SB Latex and Others. The market for non-vinyl emulsions paint as a whole is dominated by the acrylics category. This segment's market is likewise expanding at the fastest rate. Due to its qualities, including minimal VOC emission and good durability, acrylic polymer emulsion is widely employed in a variety of applications. Due to its adaptability, it is also popular in a variety of end-use applications. Polymers having stiff, flexible, ionic, nonionic, hydrophobic, or hydrophilic characteristics may all be made using acrylics. They are flowable and stable, clear, breakage-resistant, offer great final gloss, and have enhanced adherence to non-porous surfaces.

NON‐VINYL EMULSION PAINT MARKET – BY FORM

• Liquid
• Powder

Based on the form, the non-vinyl emulsion pint market is s segmented into Liquid and Powder. By holding a 54% market share, the powder category dominated the non-vinyl emulsion paint market in 2021. For the surface treatment of surfaces with low conductivity, powdered emulsion coatings offer an aqueous (solvent-free) and conductive emulsion. It sticks firmly to the object's surface. This particular conductive emulsion has several benefits, including producing an equally conductive surface for evenly drawing in powder particles and a smooth, hard layer that is very scratch-resistant. Powder emulsion coatings are a favored type of emulsion coating in many applications across many end-use sectors because they can be applied to a variety of surfaces, including wood and plastic.

NON‐VINYL EMULSION PAINT MARKET – BY APPLICATION

• Interior Coatings

• Exterior Coatings
• Primers
• Carpeting
• Others

Based on the application, the non-vinyl emulsion pint market is segmented into Interior Coatings, Exterior Coatings, Primers, Carpeting and Others. In terms of market share for non-vinyl emulsion paint in 2021, the interior coatings category led with 38%. Due to their simplicity of application, non-vinyl emulsion paint are frequently used in interior wall coatings since they are perfect for walls and ceilings. Emulsion coatings in interior wall painting provide several benefits, including humidity resistance, making them perfect for use in bathrooms and kitchens where there is a potential for steaming. Emulsion's abrasion resistance prevents paintwork from cracking or fading too quickly. This is one of the elements boosting the market for interior coatings' use of non-vinyl emulsion paint.

NON‐VINYL EMULSION PAINT MARKET - BY END-USER

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

Based on the end-user, the non-vinyl emulsion pint market is s segmented into Building & Construction, Automotive, Chemicals, Textile & Coatings and Others. The building and construction industry accounted for 40% of the market for non-vinyl emulsion paint in 2021. The paints, coatings, and primers used to paint a building's interior and exterior walls frequently contain non-vinyl emulsion paint. Non-vinyl emulsion paint provide several benefits, including resistance to corrosion, abrasion, humidity, and heat. These benefits have led to a growth in demand for emulsion coatings in the building and construction sector. According to estimates, the construction industry will be worth $8 trillion by 2025, which is positive news for the non-vinyl emulsion paint market because these coatings and paints are frequently utilized in the building and construction business.

NON‐VINYL EMULSION PAINT MARKET - BY REGION

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

By region, the Non‐vinyl Emulsion Paint market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. Non-vinyl emulsion paint's biggest and fastest-growing market is in APAC. Because of the quick growth of the building and construction, consumer durables, and transportation industries in the area, the non-vinyl emulsion market is expanding. The availability of trained labor at cheaper costs that is necessary for the functioning of industrial units draws firms to the area. Major reasons promoting the expansion of non-vinyl emulsion paint in the area include the existence of significant polymer emulsion producers and strict government regulations linked to VOC emission.

NON‐VINYL EMULSION PAINT MARKET - BY COMPANIES

Some of the major players operating in the Non‐vinyl Emulsion Paint market include:

• AZKO NOBEL N.V.
• SHERWIN – WILLIAMS COMPANY
• PPG INDUSTRIES, INC.
• ASIAN PAINTS LIMITED
• NIPSEA GROUP (NIPPON PAINT)
• VALSPAR CORPORATION
• JOTUN
• BASF-SE
• BERGER PAINTS INDIA LIMITED
• RPM INTERNATIONAL INC.
• KANSAI PAINTS CO., LTD.

NOTABLE HAPPENING IN THE NON‐VINYL EMULSION PAINT MARKET

COLLABORATION- A deal to provide emulsion polymers in Mexico was established by Celanese Corporation and Megafarma, an Azelis subsidiary, in June 2020.

EXPANSION- Global emulsion polymers business expansion was announced by Celanese Corporation in January 2020. Celanese began debottlenecking VAE manufacturing plants in Geleen, Netherlands, and Nanjing, China, as part of this development. The business has disclosed intentions to increase the capacity of its Nanjing VAE manufacturing facility by 65,000 metric tonnes by 2022 and its Geleen facility by 50,000 metric tonnes annually by 2023.

ACQUISITION- In April 2020, Synthomer plc purchased Omnova Solutions Inc., a significant provider of water-based polymer solutions and a specialised chemical firm. The company would be able to expand its operational skills globally and develop its polymer emulsion business with this purchase.

EXPANSION- The German company Synthomer plc, with production facilities in Worms, increased its capacity to produce acrylic dispersion by 30% in September. With an entirely automated plant, the increased output capacity is 36,000 tonnes. The company's position in end-use sectors such as paints and coatings, building chemicals, adhesives and sealants, and technical textiles is strengthened by this growth.

COLLABORATION- At SIBUR's PolyLab Research and Development Center in Moscow, Russia, BASF and SIBUR partnered in June 2019 to create cutting-edge polymer solutions.

ACQUISITION - A comprehensive deal for DIC Corporation to purchase BASF's worldwide pigments division, known as BASF Colors & Effects, was signed in August 2019. (BCE).