Emulsion Polymer in construction grew in China at double-digit rates in 2008

17-Aug-09
Average volume growth of synthetic latex polymers in China is predicted to be 7.5% from 2008 to 2013, continuing to outpace growth in Europe and the United States, according to a study by Kline & Company. Top-line growth is continuing in China despite some sectors such as adhesives and sealants, leather, and textiles, which serve the export market, being affected by the economic downturn. Acrylics account for nearly 50% of the market in China; other latexes commonly being used include styrene butadiene, polyvinyl acetate, and vinyl acetate ethylene. The leading three applications: adhesives and sealants, paper, and paints and coatings, consume over 75% of the volume of synthetic latex polymers in China. A key area of growth for synthetic latex polymers suppliers is within construction. Supported by the development of the construction industry as one of the key drivers of the Chinese economy, emulsion polymers consumption has experienced double-digit growth. The Chinese construction industry accounted for approximately 20% of the nominal gross domestic product (GDP), contributing RMB 6,114 billion in 2008. Supply of synthetic latex polymers is highly fragmented in China; however, within construction, the supplier base is slightly more consolidated. Suppliers are typically focused by application, with a mixture of multinational companies and very large domestic players dominating the value chain. Desire for improved living standards, along with higher construction standards such as waterproofing, tile application and the like in residential and commercial buildings will continue to drive growth of the construction market in China. With the development of the local construction industry, the need for synthetic latex polymers will also increase.
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