Polymer Dispersions Market Projected to Reach $11.8 Billion By 2027
ALBANY, NY – A new study by Transparency Market Research reports that the global market for polymer dispersions was valued at $7.6 billion in 2018 and is anticipated to expand at a compound annual growth rate of of approximately 5% during the forecast period. According to the study, the global market is driven by the rise in the demand for polymer dispersions in the paints and coatings industry. Asia Pacific accounts for a major share of the global polymer dispersion market, led by an increase in the demand for polymer dispersions in paints and coatings and adhesives and sealants in the region.
Polymer dispersions are primarily used in decorative paints and coatings, owing to properties such as the enhancement of toughness and reduction in the amount of energy required for drying. Polymer dispersions are also employed in protective coatings.