European bio emulsion polymers market Projections Highlight Positive Revenue Share during 2020-2030
Europe Bio-emulsion Polymers Market: Introduction
Transparency Market Research delivers key insights on the bio-emulsion polymers market in Europe. In terms of revenue, the bio-emulsion polymers market in Europe is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the bio-emulsion polymers market in Europe.
The bio-emulsion polymers market in Europe is driven by the rise in demand for bio-emulsion polymers in the paints & coatings application.
Europe Bio-emulsion Polymers Market: Dynamics
Bio-emulsion polymers are extensively used in paints and coatings. The rise in consumer preference for low emission coatings, owing to increased awareness about the adverse health effects of volatile organic content (VOC) in chemical products, has led to a shift toward greener coating solutions. Furthermore, painters are increasingly showing interest for wall paints with lower VOC content and reduced toxicity of in coating formulations. The European Union has set volatile organic content (VOC) limits for various products (including coatings). These factors are expected to boost the bio-emulsion polymers market in Europe in the near future.
Rise in demand for greener alternatives and increase in stringent regulations on coatings with higher VOC content are driving manufacturers operating in the paints & coatings market to introduce new and greener products. Thus, markets for bio-based products and bio-emulsion polymers are expanding at a significant pace.
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The rise in the number of upcoming commercial buildings in Europe is expected to propel the paints & coatings market in the region. Additionally, the paints & coatings market is likely to expand due to increase in reconstruction and renovation activities in the construction sector in the region. Thus, expansion of the paints & coatings industry is likely to propel the bio-emulsion polymers market in Europe.
Increase in the number of regulations on the usage of fossil fuel-based products and rise in the number of restrictions on the use of hazardous chemicals are anticipated to propel the demand for alternatives across the region. Furthermore, Europe is home to established major manufacturers such as DowDuPont Inc, Koninklijke DSM N.V., and BASF SE. These companies engage in the production of green polymers. This is expected to fuel the bio-emulsion polymers market in the region.
Increase in awareness about environmental issues and manufacturers’ shift toward the development of bio-emulsion polymers for paints & coatings and adhesives & sealants applications are expected to offer significant opportunities for the bio-emulsion polymers market.
Europe Bio-emulsion Polymers Market: Prominent Country
The bio-emulsion polymers market in Germany is expected to be expand at a significant pace during the forecast period, owing to the expansion of construction and automotive industries in the country. Rise in the number of legislations on decreasing the VOC content in paints & coatings formulations by regulatory bodies such as the EPA (Environmental Agency) and REACH (Regulation for Registration, Evaluation, Authorization and Restriction of Chemicals) is expected to drive the bio-emulsion polymers market across the countries of Europe. Furthermore, increase in innovation and technological advancements in the bio-emulsion sector are projected to propel the market for bio-emulsion polymers in countries and sub-regions of Europe.
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Europe Bio-emulsion Polymers Market: Key Players
The bio-emulsion polymers market in Europe is consolidated with the presence of a few players. Key players operating in bio-emulsion polymers market in Europe are BASF SE, Aquapak Polymers Ltd, Lactips, Arkema S.A., and DSM.