Acrylic Emulsions Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Acrylic Emulsions Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Acrylic Emulsions Market

The acrylic emulsions market size was valued at USD 8.35 billion in 2022, and the market is now projected to grow from USD 8.82 billion in 2023 to USD 14.39 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period of 2023-2030.

The manufacture of materials was hampered by the raw material shortage during this period. This, in turn, disrupted the entire supply chain and hindered market expansion. The market for adhesive goods was also impacted by the decline in demand brought on by the construction and automobile industries. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the acrylic emulsions market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic.

Increasing water-based coatings demand among consumers and in a range of end-use industries will increase product demand during forecast period. In several industries, especially the coatings sector, acrylic emulsions are growing in popularity hence propelling acrylic emulsions market growth. Additionally, it eliminates the need for harsh chemicals by making cleanup simple with soap and water. The low volatile organic compound (VOC) concentration and non-flammable nature of acrylic emulsions set them apart from their conventional solvent-based equivalents. Because of this, they are a great substitute for businesses and customers who care about the environment. All things considered; acrylic emulsion is a sustainable substance with numerous advantages over conventional solvent-based goods. The trend is anticipated to continue growing in the upcoming years as more and more sectors and customers become environmentally conscious augmenting market growth during forecast period.

Throughout the projected period, rising consumer attention for eco-friendly and sustainable products will drive market demand. Acrylic emulsions are growing in popularity due of their environmental friendliness and sustainability. They are created by mixing particles of acrylic polymer with water and additional chemicals to create a stable emulsion that can be used for a number of purposes.

Comprehensive Analysis of Acrylic Emulsions Market

The acrylic emulsions market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types and by application. The Type segmentations include Polymer & Co-Polymer and Pure Acrylic, and By Application segmentations include Paints & Coatings, Adhesives & Sealants, Construction Additives, Paper Coatings, and others.

The Asia Pacific region lead the acrylic emulsions market by benefitting a market size of USD 3.86 billion in 2022 due to increasing water-based coatings demand among consumers in a range of end-use industries and rising consumer preference for sustainable and eco-friendly products.

The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, 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), H.B. Fuller Company (U.S.), Mallard Creek Polymers (U.S.), Synthomer PLC (U.K.) these market players provide a level-playing competitive landscape.

In Marc 2023, At their Verbund facility in Zhanjiang, China, BASF SE started building a new production complex. This novel complex is made up of plants that produce 2-ethylhexyl acrylate, butyl acrylate, and glacial acrylic acid (GAA).

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 7.1% from 2023 to 2030

Unit Value (USD Billion), Volume (Million Ton)

Segmentation By Type

Polymer & Co-Polymer

Pure Acrylic

By Application

Paints & Coatings

Adhesives & Sealants

Construction Additives

Paper Coatings

Others

By Region

North America (By Type, Application, and Country)

U.S. (By Application)

Canada (By Application)

Europe (By Type, Application, and Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Rest of Europe (By Application)

Asia Pacific (By Type, Application, and Country)

China (By Application)

Japan (By Application)

India (By Application)

South Korea (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Type, Application, and Country)

Mexico (By Application)

Brazil (By Application)

Rest of Latin America (By Application)

Middle East & Africa (By Type, Application, and Country)

GCC (By Application)

South Africa (By Application)

Rest of the Middle East & Africa (By Application)

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