Overall, the future of the market for polymer emulsion in the region of ASEAN is bright due to its impressive growth, likely to reach at USD 1.9 Billion by 2035 with 6.9% CAGR from 2025 and 2035. This surge is primarily expected due to huge urbanization; infrastructure development happening widely with industrial activities as well in economies of Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.
The demand for polymer emulsions is growing across various applications like paints, coatings, adhesives, and textiles as these economies continue to grow and invest in infrastructure and manufacturing sectors, thus further fueling market growth and diversification.
| Attributes | Description |
|---|---|
| Projected Size, 2035 | USD 1.9 Billion |
| CAGR (2025 to 2035) | 6.9% |
With increased stringent environmental regulations and growing demand for low-VOC and sustainable materials, the polymer emulsion market is seeing an increase in demand from construction, automotive, packaging, and textile industries across the ASEAN region. Growing environmental concerns raise the focus on eco-friendly solutions, leading to an increase in the use of polymer emulsions that reduce harmful emissions and increase sustainability.
In addition, emulsions from water-based and bio-based match the region's green manufacturing goals and energy efficiency. These improvements support the gradual shift towards production methods that minimize environmental impact, and emulsions represent a viable option for manufacturers that view sustainability as critical to their own processes.
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Infrastructure Development and Urbanization
The growing urban population in the ASEAN region at a tremendous rate and government spending on housing, transportation, and industrial projects have accelerated substantial infrastructure development. Consequently, the demand for high-performance and sustainable materials has increased at a remarkable speed. With superior durability, resistance to water, and environmentally friendly properties, polymer emulsions are used increasingly for paints, coatings, sealants, and adhesives.
These emulsions have long-lasting protection in diverse applications, meeting the needs of infrastructure projects while supporting the region's focus on sustainable development. Their growing adoption in construction and industrial sectors highlights their critical role in the region's ongoing urbanization and modernization.
Sustainability in Packaging
With the global awareness that requires sustainable packaging, the ASEAN packaging industry is increasing the use of polymer emulsions for the development of recyclable and biodegradable material. They improve the performance of coatings and laminates, giving strength and elasticity along with other properties while retaining their eco-friendly behavior. As the demand of consumers towards environmentally friendly packaging increases, polymer emulsions would be a good opportunity to solve it.
These emulsions contribute toward the achievement of green innovation in the region by supporting the development of sustainable packaging options, helping businesses meet regulatory standards and consumer expectations for more sustainable, recyclable, and biodegradable packaging solutions.
Rising Demand in Automotive Manufacturing
The ever-increasing automotive market in ASEAN, especially within Thailand and Indonesia, employs polymer emulsions for the application of lightweight coatings and adhesives to achieve better fuel efficiency and drive optimization. These emulsions decrease vehicle weight while retaining excellent durability, corrosion resistance, and visual appeal. This increasing trend in electric vehicles within the region further drives demand for state-of-the-art polymer emulsion formulations.
These formulations specifically address the needs of EVs, such as enhanced battery protection, thermal stability, and sustainability, in accordance with the new paradigm of the automotive industry: toward more energy-efficient and environmentally friendly solutions.
Low-VOC and Water-Based Products
Stringent regulations on emissions and environmental impact are accelerating the transition to water-based and low-VOC polymer emulsions across industries. Increasingly, these emulsions are gaining acceptance in paints, coatings, and adhesives from an environmental point of view but also without loss of performance relative to higher VOC systems. Water-based and low-VOC emulsions are contributing to sustainable manufacturing practices by reducing VOC emissions and supporting healthier indoor air quality.
The rising demand for such eco-friendly products is the demand of governments in the ASEAN region that impose stricter environmental policies, offering businesses a solution to both regulatory compliance and environmental responsibility without sacrificing product effectiveness.
| Segment | Paints and Coatings |
|---|---|
| CAGR (2025 to 2035) | 6.5% |
| Key Drivers | Demand for low-VOC coatings in construction and infrastructure projects. |
| Segment | Adhesives & Sealants |
|---|---|
| CAGR (2025 to 2035) | 6.0% |
| Key Drivers | Growth in sustainable packaging and green building solutions |
| Segment | Textiles & Nonwovens |
|---|---|
| CAGR (2025 to 2035) | 5.8% |
| Key Drivers | Rising demand for enhanced performance in apparel and industrial fabrics. |
The ASEAN polymer emulsion market is moderately fragmented, with global leaders, regional manufacturers, and niche innovators contributing to growth.
Leading Players
Global manufacturers such as BASF SE, Arkema S.A., Dow Inc., and Celanese Corporation dominate the market, holding approximately 55% of the share. These companies are expanding their operations in ASEAN through partnerships and localized production to meet growing demand.
Regional Manufacturers
Local players and distributors in ASEAN countries focus on providing cost-effective solutions tailored to the region’s specific needs. These companies hold about 30% of the market, catering to packaging, construction, and textiles industries.
Emerging Innovators
Startups and niche players are exploring bio-based and hybrid polymer emulsions for specialty applications, particularly in sustainable packaging and green construction. These innovators account for around 15% of the market.
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| Date | Key Development |
|---|---|
| March 2025 | BASF announced the expansion of its polymer emulsion production facility in Malaysia to meet rising demand in Southeast Asia. |
| June 2025 | Arkema introduced a new bio-based polymer emulsion tailored for packaging and adhesives in ASEAN markets. |
| September 2025 | A regional manufacturer launched water-based vinyl acetate emulsions for eco-friendly coatings in Thailand. |
The ASEAN polymer emulsion market is poised for steady growth, driven by urbanization, sustainability initiatives, and technological advancements. Key factors shaping the market include:
The market is expected to reach USD 1.9 billion, growing at a CAGR of 6.9%.
Acrylic emulsions lead the market, accounting for over 50% of the market share in 2024 due to their versatile applications in paints, coatings, and adhesives.
Key trends include urbanization-driven infrastructure growth, low-VOC and bio-based emulsions, and advancements in sustainable packaging.
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ASEAN Polymer Emulsion Market
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