Acrylic Polymer Emulsion Market Share, Outlook: Post Covid-19 Scenario by 2030
Acrylic Polymer Emulsion Market Overview
Acrylic polymer emulsion market is expected to grow USD 8.94 billion at a CAGR 8.2% during the forecast period. Moreover, this market is estimated to account for significant market growth between the research period of 2022 to 2030
Market Research Future (MRFR) report on Acrylic Polymer Emulsion Market Share includes significant driving forces and constraints on the market for acrylic polymer emulsions, along with their effects on demand over the forecast period. In addition, the report also recognizes major avenues for the global demand for acrylic polymer emulsions.
Acrylic polymer emulsion is formed by an emulsion polymerization process in which acrylic polymer droplets are emulsified in water and then polymerized. Acrylic polymer emulsion is flexible in nature due to its acrylic ester functionality. They possess superior properties such as low-volatile emission compounds (VOCs) and excellent longevity, making them ideal for a wide range of applications in end-use industries such as building & construction, paints & coatings, textiles, and others.
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Acrylic Polymer Emulsion Market Segmentation
The market for global acrylic polymer emulsion is segmented on the application, end-use, and region.
Based on the application, the market for global acrylic polymer emulsion is segmented into
adhesives, coatings, binders, and others.
Based on the region, the market for global acrylic polymer emulsion is segmented into Europe, the Asia Pacific, Latin America, the Middle East & Africa, and North America.
The Asia Pacific is expected to rise at the highest pace over the next six years owing to rising demand from end-use industries such as building & construction, paper & packaging, and textiles. The market for acrylic polymer emulsion is expected to increase in emerging countries such as China, Japan, and India due to increased construction expenditure and the growth of the paper and packaging industry.
European countries such as Germany, the United Kingdom, Sweden, and Italy have emerged as the leading consumer markets and are projected to see steady growth in the next few years.
North America is projected to see a steady increase in the use of acrylic polymer emulsion over the forecast period. The United States is expected to be the largest acrylic polymer emulsion market in the world, followed by Canada and Mexico.
Latin American countries, especially Brazil, are also expected to see steady growth due to the
the rapid expansion of paint & coating and textile industries.
It is estimated that the Middle East and Africa will see substantial growth over the next few years. Growing construction activities, coupled with demand for VOC free paint, are expected to drive market growth.
Based on the end-use industry, the market for global acrylic polymer emulsion is categorized into building & construction, paper & packaging paints & coatings, textiles, and others. The paints & coating industry is expected to have a more significant share relative to other industries. Growing demand for superior quality paints and technology-driven coatings is expected to boost product demand over the forecast period. In fact, the acrylic polymer emulsion is not flammable, which eliminates storage and handling costs and the cost of fire insurance.
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Acrylic Polymer Emulsion Market Dynamics
Growing demand from the paper & packaging industry, including boxes, paper bags, and folded cartons, is expected to drive growth in the acrylic polymer emulsion market. The growth in water-based emulsion use has guided the use of acrylic polymer emulsion in the paint & coating industry. Also, the market for acrylic polymer emulsion benefits from the social and regulatory intervention that encourages the use of eco-friendly emulsion. Increasing consumer awareness of the adverse effects of the solvent-based emulsion is driving acrylic polymer emulsion growth. However, the higher price of acrylic polymer emulsion is expected to impede market growth over the forecast period.
Key Players
The prominent players in the acrylic polymer emulsion market include StanChem, Inc. (U.S),
Kamsons Chemicals Pvt. Ltd (India), Pexi Chem Private Limited (India), The Dow Chemical Company (U.S), Asian Paints Ltd. (India), The Lubrizol Corporation (U.S), Celanese Corporation (U.S), Xyntra Chemicals B.V. (the Netherlands), and others.
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