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India Polymer Emulsion Market

India Polymer Emulsion Market

India Polymer Emulsion Market, By Type (Acrylic, Vinyl, SB Latex, Others); By End Use Industry (Building & Construction, Automotive, Textile, Paints & Coatings, Adhesives & Sealants, Others); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: January 2025
  • Report ID: BWC25027
  • Available Format: PDF
  • Page: 131

Report Overview

A rising demand for emulsions driven by rapid urbanization and an increasing number of infrastructure development projects across the country is expected to drive India Polymer Emulsion Market during the forecast period between 2025 and 2031.

India Polymer Emulsion Market – Industry Trends & Forecast Report, 2031

India Polymer Emulsion Market size was estimated at USD 31.8 billion in 2024. During the forecast period between 2025 and 2031, India Polymer Emulsion Market size is projected to grow at a significant CAGR of 7.80% reaching a value of USD 53.3 billion by 2031. Prominent drivers of India Polymer Emulsion Market include the rising use of polymer emulsions in paints and coatings due to their durability, water resistance, and eco-friendly properties, coupled with expanding construction and infrastructure projects demanding high-quality coatings for protection and aesthetics. Polymer emulsions, which are polymer particles suspended in a liquid medium, are produced through emulsion polymerization, ensuring high molecular weight and polymerization rates. These emulsions are widely used in the paint and coatings industry to enhance color quality, heat resistance, and self-repairing properties, aligning with the industry's focus on sustainable, low-VOC solutions. The increasing demand for high-quality, eco-friendly materials continues to propel the market's growth.

India Polymer Emulsion Market

Polymer Emulsion – Overview

Polymer emulsion refers to a colloidal dispersion of polymer particles suspended in a liquid medium, typically water. These emulsions are created through the process of emulsion polymerization, where hydrophobic monomers are emulsified in water with the help of surfactants or emulsifying agents, and polymerized using chemical initiators. The resulting polymer particles, usually in the nanometer to micrometer size range, are stabilized within the liquid phase. Polymer emulsions are widely used in industries such as paints, coatings, adhesives, and textiles due to their eco-friendly nature, high molecular weight, and versatile application properties.

India Polymer Emulsion Market

Growth Drivers

Rising Demand for Environmentally Friendly Products

The rising demand for environmentally friendly products is significantly boosting the growth of the India Polymer Emulsions Market. With increasing environmental regulations and a global shift toward sustainability, industries are transitioning to water-based polymer emulsions as a greener alternative to solvent-based systems, thanks to their reduced VOC emissions and lower environmental impact. These emulsions are extensively used in coatings, where they enhance durability, adhesion, and film-forming properties, particularly in applications like waterproofing and cement modification within the construction sector. Similarly, the adhesive industry has embraced water-based formulations for their safety, low odor, and flammability reduction, finding applications in packaging, textiles, and consumer goods. The growing focus on low-VOC and renewable materials, driven by industries such as automotive and infrastructure, continues to propel the adoption of polymer emulsions, positioning them as a key solution for sustainable growth despite challenges like raw material cost fluctuations.

Challenges

Volatility in Raw Material Prices

Volatility in raw material prices poses a significant challenge to the growth of India Polymer Emulsions Market. The production of polymer emulsions relies on monomers such as acrylic esters, vinyl acetate, styrene, and butadiene, which are derived from petroleum-based sources. Fluctuations in crude oil prices, supply chain disruptions, and changes in production capacity directly impact the availability and cost of these monomers, increasing overall production costs. Additionally, the rising demand for these raw materials in other industries further exacerbates supply constraints. This price instability hampers manufacturers' profitability and limits their ability to meet the growing market demand effectively.

Impact of Escalating Geopolitical Tensions on India Polymer Emulsion Market

Escalating geopolitical tensions could significantly impact the growth of India Polymer Emulsion Market by disrupting the supply chain and increasing raw material costs. Key raw materials like acrylic esters, vinyl acetate, styrene, and butadiene are often imported, and geopolitical conflicts can lead to supply shortages, trade restrictions, or fluctuating crude oil prices, which directly affect production costs. Additionally, uncertainties in global trade policies and tariffs may create barriers for the import of essential materials, delaying production timelines. These disruptions not only increase operational costs for manufacturers but also reduce their competitiveness in the market. Consequently, geopolitical tensions can hinder market growth by limiting the availability of affordable raw materials and increasing reliance on domestic or alternative sources.

India Polymer Emulsion Market

Segmental Coverage

India Polymer Emulsion Market – By Type

Based on type, India Polymer Emulsion Market is divided into Acrylic, Vinyl, SB Latex, and other types segments. The vinyl segment holds the highest share in India Polymer Emulsion Market by type, primarily due to vinyl’s expanding applications across major industries like building & construction and automotive. In the construction sector, it is widely used in architectural paints and coatings for its aesthetic qualities and high temperature resistance. The rapid growth in the construction industry, driven by increased spending in the non-residential segment and government initiatives such as 'Housing for All by 2022,' has significantly boosted demand. Additionally, government measures to restructure corporate taxes and attract foreign investments are expected to enhance infrastructure development in sectors like healthcare, education, and transport. These factors are projected to drive the demand for polymer during the forecast period.

India Polymer Emulsion Market Size

India Polymer Emulsion Market – By End Use Industry

By end use industry, India Polymer Emulsion Market is divided into Building & Construction, Automotive, Textile, Paints & Coatings, Adhesives & Sealants, and other end use industries segments. The paints & coatings segment holds the highest share in India Polymer Emulsion Market by end use industry. Widely used in the architectural sector, these coatings serve both exterior and interior applications. Key emulsion polymers, including acrylic, vinyl acrylic, styrene acrylic, and vinyl acetate ethylene copolymer latex, are integral to the production of high-quality architectural paints. In the building and construction industry, polymer emulsions are used in interior paints for high scrub resistance, exterior paints for durability and wet adhesion, and specialty coatings like elastomeric paints. Exterior paints not only enhance aesthetics but also protect buildings from harsh weather and UV radiation, while interior paints serve decorative and functional purposes, such as moisture resistance in bathrooms. These factors drive the market's growth.

India Polymer Emulsion Market – By Region

The in-depth research report on India Polymer Emulsion Market covers the market in the country’s major regions: North India, South India, East India, and West India regions.

Competitive Landscape

Major players operating in India Polymer Emulsion Market include Asian Paints, Berger Paints, AkzoNobel, Indigo Paints, Nerolac Paints, Kansai Nerolac Paints, Nippon Paint, Pidilite Industries, BASF, and Dow Chemical. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In July 2024 - Jesons Industries Limited partnered with Alberdingk Boley to expand its presence in India's polyurethane dispersions (PUD) market. Jesons, a leading supplier of emulsion polymers, agreed to provide PUD solutions, technical expertise, and logistics support for coatings and adhesives. The collaboration between Jesons and Alberdingk Boley aims to deliver advanced products and on-site assistance, catering to diverse customer needs in India.

  • In March 2024 - Asian Paints (Polymers) (APPPL), a subsidiary of Asian Paints, formed a partnership with Gujarat Chemical Port (GCPL) to establish an ethylene storage and handling facility in Dahej, Gujarat. GCPL, a strategic port operated since 2000, specializes in bulk chemical storage and handling. APPPL agreed to provide a refundable security deposit of INR 460 crore over 17–18 years, alongside the INR 2,100-crore investment in a Vinyl Acetate Monomer (VAM) and Vinyl Acetate Ethylene Emulsion (VAE) manufacturing facility.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Billion

Market Coverage

India

Product/ Service Segmentation

Product, End Use Industry, Region

Key Players

Asian Paints, Berger Paints, AkzoNobel, Indigo Paints, Nerolac Paints, Kansai Nerolac Paints, Nippon Paint, Pidilite Industries, BASF, Dow Chemical

 

By Type

  • Acrylic

  • Vinyl

  • SB Latex

  • Others

By End Use Industry

  • Building & construction

  • Automotive

  • Textile

  • Paints & Coatings

  • Adhesives & Sealants

  • Others

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Polymer Emulsion Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rapid Urbanization and Infrastructure Development
        2. Growing Construction Industry
        3. Rising Demand for Environmentally Friendly Products
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Competition from Alternative Materials
      3. Opportunities
        1. Rising Demand from Emerging Economies
        2. Increasing Demand for High-Performance Coatings
      4. Challenges
        1. Economic Downturns
        2. Potential Health and Safety Risks
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Polymer Emulsion Market: Marketing Strategies
  5. India Polymer Emulsion Market: Pricing Analysis
  6. India Polymer Emulsion Market Overview
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
          1. Acrylic
          2. Vinyl
          3. SB Latex
          4. Others
      2. By End Use Industry
          1. Building & construction
          2. Automotive
          3. Textile
          4. Paints & Coatings
          5. Adhesives & Sealants
          6. Others
      3. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  7. North India Polymer Emulsion Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use Industry
  8. South India Polymer Emulsion Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use Industry
  9. East India Polymer Emulsion Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use Industry
  10. West India Polymer Emulsion Market
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use Industry
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Polymer Emulsion Market Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on India Polymer Emulsion Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Asian Paints
    2. Berger Paints
    3. AkzoNobel
    4. Indigo Paints
    5. Nerolac Paints
    6. Kansai Nerolac Paints
    7. Nippon Paint
    8. Pidilite Industries
    9. BASF
    10. Dow Chemical
    11. Other Prominent Players
  14. Key Strategic Recommendations
  15. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Country
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       India Polymer Emulsion Market Segmentation

Figure 2       India Polymer Emulsion Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Figure 5       India Polymer Emulsion Market Share, By Type, By Value, 2019–2031

Figure 6       India Polymer Emulsion Market Share, By End Use Industry, By Value, 2019–2031

Figure 7       India Polymer Emulsion Market Share, By Region, By Value, 2019–2031

Figure 8       North India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Figure 9       North India Polymer Emulsion Market Share, By Type, By Value, 2019–2031

Figure 10     North India Polymer Emulsion Market Share, By End Use Industry, By Value, 2019–2031

Figure 11     South India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Figure 12     South India Polymer Emulsion Market Share, By Type, By Value, 2019–2031

Figure 13     South India Polymer Emulsion Market Share, By End Use Industry, By Value, 2019–2031

Figure 14     East India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Figure 15     East India Polymer Emulsion Market Share, By Type, By Value, 2019–2031

Figure 16     East India Polymer Emulsion Market Share, By End Use Industry, By Value, 2019–2031

Figure 17     West India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Figure 18     West India Polymer Emulsion Market Share, By Type, By Value, 2019–2031

Figure 19     West India Polymer Emulsion Market Share, By End Use Industry, By Value, 2019–2031

 

List of Tables

 

Table 1        India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Table 2        India Polymer Emulsion Market Size, By Type, By Value, 2019–2031

Table 3        India Polymer Emulsion Market Size, By End Use Industry, By Value, 2019–2031

Table 4        India Polymer Emulsion Market Size, By Region, By Value, 2019–2031

Table 5        North India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Table 6        North India Polymer Emulsion Market Size, By Type, By Value, 2019–2031

Table 7        North India Polymer Emulsion Market Size, By End Use Industry, By Value, 2019–2031

Table 8        South India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Table 9        South India Polymer Emulsion Market Size, By Type, By Value, 2019–2031

Table 10      South India Polymer Emulsion Market Size, By End Use Industry, By Value, 2019–2031

Table 11      East India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Table 12      East India Polymer Emulsion Market Size, By Type, By Value, 2019–2031

Table 13      East India Polymer Emulsion Market Size, By End Use Industry, By Value, 2019–2031

Table 14      West India Polymer Emulsion Market Size, By Value (USD Billion), 2019–2031

Table 15      West India Polymer Emulsion Market Size, By Type, By Value, 2019–2031

Table 16      West India Polymer Emulsion Market Size, By End Use Industry, By Value, 2019–2031

Table 17      Asian Paints Company Overview

Table 18      Asian Paints Financial Overview

Table 19      Berger Paints Company Overview

Table 20      Berger Paints Financial Overview

Table 21      AkzoNobel Company Overview

Table 22      AkzoNobel Financial Overview

Table 23      Indigo Paints Company Overview

Table 24      Indigo Paints Financial Overview

Table 25      Nerolac Paints Company Overview

Table 26      Nerolac Paints Financial Overview

Table 27      Kansai Nerolac Paints Company Overview

Table 28      Kansai Nerolac Paints Financial Overview

Table 29      Nippon Paint Company Overview

Table 30      Nippon Paint Financial Overview

Table 31      Pidilite Industries Company Overview

Table 32      Pidilite Industries Financial Overview

Table 33      BASF Company Overview

Table 34      BASF Financial Overview

Table 35      Dow Chemical Company Overview

Table 36      Dow Chemical Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: India Polymer Emulsion Market size by value was estimated at USD 31.8 billion in 2024.
Ans: India Polymer Emulsion Market is expected to grow at CAGR of 7.80% period between 2025 and 2031.
Ans: By 2031, India Polymer Emulsion Market size is forecast to reach a value of USD 53.3 billion.
Ans: The growth of India Polymer Emulsion Market is primarily driven by the rapid urbanization and infrastructure development, growing construction industry, and rising demand for environmentally friendly products.
Ans: Key players in India Polymer Emulsion Market include Asian Paints, Berger Paints, AkzoNobel, Indigo Paints, Nerolac Paints, Kansai Nerolac Paints, Nippon Paint, Pidilite Industries, BASF, and Dow Chemical.
Ans: The vinyl segment is expected to grow at the fastest CAGR in India Polymer Emulsion Market by type during the forecast period between 2025 and 2031.
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