Commercialization of Bio-based Emulsion Polymers to Pave Way for New Entrants in Global Market, Observes TMR
The leading players in the global emulsion polymers marke t – BASF SE, The Dow Chemical Company, Celanese Corporation, Arkema S.A., and Trinseo S.A. – collectively held a share of 29.9% in 2014. Expanding their product portfolio and catering to a wide range of end uses for emulsion polymers will be the top priority of these key players in the near future, says the new research report published by Transparency Market Research. According to the research report, the opportunity in the global emulsion polymers market will be worth US$54.9 bn in 2023, rising from US$32.2 bn in 2014 at a CAGR of 6.1% from 2015 to 2023. “To break through the high level of dominance of the aforementioned players, new entrants will have to develop new ways of manufacturing polymers. The commercialization of bio-based sources is likely to open up new channels to reach a sizeable consumer base,” recommends the lead author of this research report. Forming meaningful alliances...