The global polymer dispersions market is projected to reach US$10.27 bln by 2022 at a CAGR of 8%, in terms of value, as per Research and Markets. Growing use of polymer dispersions in coating and carpet & fabrics is a prime factor in the growth of the polymer dispersions market. The positive growth of this market is attributed to the increasing polymer dispersions applications in green coating applications.
PU dispersions are projected to be the fastest-growing resin type segment in the polymer dispersions market during the forecast period because of its increasing application in nonwoven hygiene products. Some other major applications of PU dispersions are used in coating, paper coating, textile & leather finishing, and others. Vinyl is another major segment, which is expected to grow significantly during the forecast period.
The polymer dispersions market in the Asia-Pacific region is expected to grow at the highest rate during the forecast period, in terms of value and volume. Rising economic growth rate, growing manufacturing industries, availability of cheap labor, increasing foreign investments, and rise in the applications of polymer dispersions across decorative & protective coating applications are some of the major factors expected to fuel the growth of the market. Increasing demand in countries such as China, India, Thailand, and Malaysia are expected to drive the growth of the market in the Asia-Pacific region.