Asia Pacific is the biggest market for emulsion polymers

Asia Pacific is the largest market for emulsion polymers with the highest consumption by volume around the globe, claims a new report from www.marketsandmarkets.com.
The report (‘Emulsion Polymers Market by Type, Application & Geography – Global Trends and Forecasts to 2018) says the demand for emulsion polymers 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 and construction. The market is expected to grow with a high CAGR to reach 6581.4 kilotons by 2018. Asia Pacific has witnessed significant EP manufacturing capacity expansions in the past five years. Most major manufacturers such as BASF (Germany) have capacity expansion plans in Asia Pacific.
A rapidly improving infrastructure and availability of energy and skilled labour at competitive rates are the main driving factors.