DUBLIN, May 14, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/wczt34/global_emulsion) has announced the addition of the "Global Emulsion Coatings Market 2015-2019" report to their offering.
The global emulsion coatings market to grow at a CAGR of 4.81 percent over the period 2014-2019.
Emulsion coatings contain small groups or clusters of insoluble resin particles suspended in water. Organic solvents in small quantities are used as coalescing agents for proper film formation. The commonly used resins in these types of dispersion paints include styrene-butadiene copolymer, polyester-based resins, acrylics, alkyds, polyvinyl acetate, polystyrene, polyurethane, and epoxy.
The emulsion industry has benefited from various advances in technology in recent years. Vendors in the global latex industry are developing latex products with increased performance characteristics. This has resulted in increased application of latex in various industrial and maintenance coatings. In addition, the shift in consumer preferences from nitrile-based gloves to natural latex-based gloves is propelling the demand for emulsion polymer-based latex in the glove industry because of the latter's higher efficiency and eco-friendly characteristics. Thus, advances in technology in the latex industry are expected to contribute to the growth of the market.
According to the report, stringent government regulations regarding the development of infrastructure will increase the usage of emulsion coatings worldwide. The Clean Air Act of 1990 in the US makes it compulsory to reduce the VOC and HAP content levels of paints and coatings. The properties that emulsion coatings possess make them environmentally friendly. They are primarily used in the housing industry, and urbanization in emerging economies is expected to help the market grow.
Further, the report states that the constant fluctuation in the prices of the raw materials used in the manufacture of emulsion coatings poses a threat to the profit margins of manufacturers.
The global emulsion coatings market can be segmented into five segments:
- Consumer goods
- Akzo Nobel
- Asian Paints
- PPG Industries
- Sherwin Williams
Other prominent vendors
- Benjamin Moore
- Berger Paints
- DAW Caparol
- Diamond Vogel
- Dulux Australia
- Dunn Edwards
For more information visit http://www.researchandmarkets.com/research/wczt34/global_emulsion
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SOURCE Research and Markets