Market Overview:
The global acrylic emulsions market size stood at USD 8.35 billion in 2022. The market is set to expand from USD 8.92 billion in 2023 to USD 14.39 billion by 2030, exhibiting a CAGR of 7.1% over the analysis period.
Acrylic emulsions provide excellent adhesion, which is a major factor driving its usage across a range of end-use industries, including construction. The product demand is poised to rise in the ensuing years, impelled by the expansion of the construction sector in emerging economies.
Fortune Business Insights™ provides this information in its research report, titled “Acrylic Emulsions Market, 2023-2030”.
Segmentation:
Polymer & Co-polymer Segment Holds Major Share Considering the Cost-efficiency of the Product
On the basis of type, the market is divided into pure acrylic and polymer & co-polymer. The polymer & co-polymer segment accounts for a dominating market share. The product is preferred as a cost-effective and reliable solution for numerous manufacturing processes.
Paints & Coatings Segment Leads the Market Due to Adhesive and Durability Properties
By application, the market is classified into paper coatings, adhesives & sealants, paints & coatings, construction additives, and others. The paints & coatings segment holds a key share in the global market. The exceptional performance characteristics, including durability, water resistance, and adhesive properties, drive the dominance of the segment.
Based on geography, the market for acrylic emulsions has been analyzed across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Report Coverage:
The report presents an overview of the key industry trends. It also gives an account of the pivotal factors poised to propel the market expansion across various regions. An overview of the prominent steps deployed by leading companies to strengthen their market share has also been provided in the report.
Drivers and Restraints:
Market Size to Surge Driven by Increasing Adoption of Sustainable and Eco-friendly Products
Acrylic emulsions are sustainable and eco-friendly in nature, considering their low VOC (volatile organic compound) content. The resistance they offer to UV radiation and weathering boosts product adoption in adhesives, coatings, paints, and other applications. The substantial number of benefits offered by the product compared to its traditional solvent-based counterparts is expected to drive the acrylic emulsions market growth.
However, the industry expansion could be restrained due to the preference for VAE (Vinyl acetate-ethylene) emulsion as a raw material for adhesive formulation.
Source: https://www.fortunebusinessinsights.com/acrylic-emulsions-market-109030
Regional Insights:
Asia Pacific Recorded Prominent Share Owing to Increasing Demand for Cost-effective Materials in Construction
Asia Pacific led the global market in 2022 and held the largest acrylic emulsions market share. The regional market size stood at USD 3.86 billion in 2022. The regional dominance can be attributed to the increasing demand for cost-effective and efficient construction materials across various countries.
Latin America is set to rise owing to the escalating product demand in the automotive and construction sectors in the region.
Competitive Landscape:
Companies Undertake Various Initiatives to Increase Presence in the Market
Industry players deploy a series of strategies to strengthen their position in the acrylic emulsions market. Partnerships and the launch of new products are among these strategies. In addition, some players have established robust distribution channels and presence across various regions to gain a strong footing.
Key Industry Development:
April 2023 – Arkema launched its Incellion range of sustainable waterborne acrylic solutions. The new technology provides advanced acrylic-based dispersants, binders, and rheology additives. The range would allow battery manufacturers to optimize their electrode formulations and separator solutions tailored for next generation as well as existing cell components.
List of Key Players Mentioned in the Report:
Celanese Corporation (U.S.)
Dow (U.S.)
Arkema S.A. (France)
BASF SE (Germany)
DIC Corporation (Taiwan)
Covestro AG (Germany)
Henkel AG & Co. KGaA (Germany)
B. Fuller Company (U.S.)
Mallard Creek Polymers (U.S.)
Synthomer PLC (U.K.)