Acrylates Copolymer Market, Revenue, Trends, Growth Factors, Region...

Acrylates Copolymer Market, Revenue, Trends, Growth Factors, Region and Country Analysis

نشر بتاريخ 2023-05-08 11:06:31

2كيلو بايت

The combination of two or more monomers involving acrylic acid or methacrylic acid are called Acrylates Copolymer. It has various significant properties such as improved flow, suitability and reliable nature. It is used to provide the finish, gloss, UV resistance, light weight and transparency to the product.Acrylate Copolymer Market is projected to be worth USD 14.35 Billion by 2030, registering a CAGR of 11.50% during the forecast period (2021 - 2030)

The Global Acrylates Copolymer Market has been driven by its growing consumption in various sectors such as cosmetic, chemical, foods beverages, leather, and others. Moreover, it is estimated that the cosmetic segment is set to witness the highest growth in the market due to growing consumption of Acrylates polymers in skincare products.

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Competitive Analysis:

Some of the major players functioning in the Global Acrylates Copolymer Market are Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED( India), OMNOVA Solutions Inc (the U.S), The Dow Chemical Company( the U.S.), The Lubrizol Corporation (the U.S.), Georgia-Pacific Chemicals LLC(the U.S.), Exxon Mobil Corporation( the U.S.), H.B. Fuller Company, and INEOS( the U.K.) among others.

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Market Segmentation:

The Global Acrylates Copolymer Market is segregated into application segment. Based on application, the market is further segmented into cosmetic, chemical, foods beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds a major share in the market on account of various features offered by the product such as anti-ageing, waterproofing agent, sunscreen, and protection from humidity. It is also predicted that the food beverages segment is set to expand at a higher rate due to the growing consumption of polymers in production of containers and bottles, which provide water and temperature resistance properties. The growing use of acrylic polymers in manufacturing paints and coating is expected to drive the chemical segment during the forecast period. In this market, the rapid production of sponge fill in padded jackets is anticipated to fuel the textile segment in the couple of years. Additionally, the increasing consumption of Acrylates Copolymer in manufacturing windows, skylight, and others is projected to fuel the market growth during the forecast period.

Segmental Analysis:

The Global acrylates copolymer structure is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East Africa. Among these, North America holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for Acrylates Copolymer in various applications. Countries such as the U.S, Canada, and Mexico are the major players in this region. The Asia Pacific region is estimated to witness a higher growth in countries such as China, Japan and India owing to the growing demand for Copolymer in aerospace, automotive, and energy sectors. A recognized growth is observed in the European region owing to the growing consumption of protection coatings in cosmetic products such as skin cream, lotion, and others. Moreover, it is projected that the advancing research development of product in the market has propelled this region to witness a significant growth in Germany, the U.K. and Italy. The Middle East Africa is estimated to observe a significant growth due to increasing consumption of Acrylates Copolymer in oil gas, petrochemical, and automobile industries. Additionally, the growing demand for silicon and acrylic resins in architectural, paints, and coating industries is projected to boost the market in the Latin American region.

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