Report Overview

A spurring demand for emulsion polymers driven by an increasing demand for eco-friendly and sustainable applications, as polymer emulsions offer lower volatile organic compounds (VOCs) compared to their solvent-based counterparts, is expected to boost the growth of Vietnam Emulsion Polymers Market during the forecast period between 2025 and 2031.

Vietnam Emulsion Polymers Market – Industry Trends & Forecast Report, 2031

Vietnam Emulsion Polymers Market size was estimated at USD 973.15 million in 2024. During the forecast period between 2025 and 2031, Vietnam Emulsion Polymers Market size is projected to grow at a CAGR of 7.15% reaching a value of USD 1,578.07 million by 2031. A prominent driver of the market is the rising construction activities and infrastructure development. This growth is further fueled by the expanding automotive and industrial sectors, which require high-performance coatings and adhesives. Key market trends include technological advancements in emulsion application, and the development of specialty emulsions tailored for specific applications.

Emulsion Polymers – Overview

Emulsion polymers are tiny particles of plastic (polymer) floating in water, much like milk has tiny fat droplets in water. These particles are usually between 100 and 1,000 nanometers in size, too small to see with the naked eye. The process starts by mixing oil-like chemicals (monomers) with water and special agents called surfactants or stabilizers. These agents help keep the oil droplets spread out in the water, creating an emulsion. Then, a chemical starter (initiator) is added, causing the monomers to join (polymerize) into long chains, forming the polymer particles right inside the water.

Vietnam Emulsion Polymers Market

Growth Drivers

Rising Demand in Paints and Coatings Industry

The growing need for emulsion polymers in the paints and coatings industry is one of the key drivers of Vietnam Emulsion Polymers Market. Emulsion polymers are important ingredients in making water-based paints, which are popular because they are better for the environment. These paints have low levels of harmful chemicals, called volatile organic compounds (VOCs), making them safer for people and the air. As more industries and consumers look for greener, more eco-friendly Applications, the demand for water-based paints made with emulsion polymers is increasing. This trend is helping the emulsion polymers market grow steadily.

Challenges

Volatile Raw Material Prices

Volatility in raw material prices poses a significant challenge to the growth of Vietnam Emulsion Polymers Market. The production of emulsion polymers 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. The price instability hampers manufacturers' profitability and limits their ability to meet the growing market demand effectively.

Impact of Escalating Geopolitical Tensions on Vietnam Emulsion Polymers Market

Intensifying geopolitical tensions among countries across the regions are reshaping Vietnam Emulsion Polymers Market through creating challenges in sourcing raw materials, increasing shipping costs, and causing uncertainty in international trade. Because Vietnam relies on imports of certain chemicals and polymers from different countries, disruptions or conflicts elsewhere can make it harder and more expensive to get what is needed for local manufacturing. Trade wars, sanctions, or unstable diplomatic relations can lead to delivery delays, shutdowns in supply routes, and fluctuating prices. As a result, producers in Vietnam may have to search for new suppliers or pay higher costs, which could push up prices for paints, coatings, adhesives, and other Applications made with emulsion polymers.

Vietnam Emulsion Polymers Market

Segmental Coverage

Vietnam Emulsion Polymers Market – By Type

By type, Vietnam Emulsion Polymers Market is segmented into Acrylics, Styrene-Butadiene Latex, Vinyl Acetate Polymers, and other types. Acrylics represent the largest and most dominant segment, prized for their superior weather resistance, durability, and environmental friendliness, making them particularly popular in paints, coatings, and adhesives, especially as Vietnam’s construction and infrastructure sectors expand.

Vietnam Emulsion Polymers Market – By Application

Based on application, Vietnam Emulsion Polymers Market is segmented into Paints & Coatings, Paper & Paperboard Coatings, Adhesives, and other applications. The paints & coatings are the largest application, driven by Vietnam’s expanding construction, real estate, and infrastructure development, as emulsion polymers impart desirable properties such as durability, weather resistance, and eco-friendly low-VOC content to paints and protective finishes.

Vietnam Emulsion Polymers Market – By End User

Vietnam Emulsion Polymers Market by end user is segmented Building & Construction, Automotive, Chemicals, Textile & Coatings, and other end users. The building and construction is the leading sector, utilizing emulsion polymers in paints, coatings, adhesives, and sealants to enhance durability, weather resistance, and sustainability in residential, commercial, and infrastructure projects.

Competitive Landscape

Major players operating in the highly competitive Vietnam Emulsion Polymers Market include Nuplex Resins Vietnam, Rohm and Haas Vietnam Co. Ltd, Nuplex Resins Vietnam Pty Ltd, Cong Ty TNHH TM-SX Nong San Thuc Pham Quoc Te Quan, Polymer Asia Technology Co. Ltd, Furukawa Automotive Parts (Vietnam) Co. Ltd, Production of Rubber Plastic Vinh Germany Co. Ltd, VNPOLYFIBER - Vietnam Polyester Staple Fiber, BASF SE, Dow, Akzo Nobel N.V., Arkema Group, Clariant, and LyondellBasell Industries Holdings B.V. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new application launches.

Recent Developments

• In May 2023 - Arkema purchased Polytec PT (Germany), a manufacturer of thermal interface materials for batteries and engineering adhesives serving the electronics market.

Scope of the Report

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By Type

• Acrylics

• Styrene-Butadiene Latex

• Vinyl Acetate Polymers

• Others

By Application

• Paints & Coatings

• Paper & Paperboard Coatings

• Adhesives

• Others

By End User

• Building & Construction

• Automotive

• Chemicals

• Textile & Coatings

• Others