Acrylic Polymer Market for Cleaning Application by Type(Water-borne & Solvent-borne), Application(Laundry & Detergent, Dish Washing, Industrial & Institutional, Hard Surface Cleaning) & Region(APAC, North America, Europe, RoW) - Global Forecast to 2026

Acrylic Polymer Market for Cleaning Application by Type(Water-borne & Solvent-borne), Application(Laundry & Detergent, Dish Washing, Industrial & Institutional, Hard Surface Cleaning) & Region(APAC, North America, Europe, RoW) - Global Forecast to 2026

The acrylic polymer market for cleaning application is projected to grow from USD 580 Million in 2021 to USD 709 Million by 2026, at a CAGR of 4.1%. The water-borne accounted for the largest market share of 93.8% in 2020, in terms of value. Laundry & Detergent is estimated to be the largest application of acrylic polymer market for cleaning application during the forecast period, followed by dish washing in terms of volume. With the increasing population, increasing per-capita income, changing lifestyle, and increasing usage of washing machines across the globe, the demand for laundry detergent is growing, which is subsequently driving the acrylic polymer market for cleaning application. Moreover, increasing demand for liquid dish washing products in hotels, restaurants and food retails, and household applications further supports the growth of the acrylic polymer market.

“Water-borne is the largest segment by type in the acrylic polymer market for cleaning application”

Based on type, the water-borne acrylic polymer segment is estimated to account for the larger share of the overall market. The major factor driving this segment is the high solubility, dispersion in cleaning products, and increasing demand for sustainable products. It also helps to improve the cleaning product's performance and efficacy rate, owing to which it is prevalently used in Europe and North America. However, the cost of water-borne is high compared to solvent-borne.

“Laundry & Detergent is the largest segment by application in the acrylic polymer market for cleaning application”

The laundry & detergent segment is estimated to account for the largest share of the overall acrylic polymer market for cleaning application in 2020, closely followed by the dish washing segment. With the increasing population, increasing per-capita income, changing lifestyle, and increasing usage of washing machines across the globe, the demand for laundry detergent is growing, which is subsequently driving the acrylic polymer market for cleaning application. Moreover, increasing demand for liquid dish washing products in hotels, restaurants and food retails, and household applications further supports the growth of the acrylic polymer market.

“North America is estimated to be the largest market for acrylic polymer market for cleaning application”

North America accounted for the largest share of the acrylic polymer market for cleaning application in 2020, followed by Europe. In Europe and North America, stringent regulations and increasing demand for sustainable laundry & detergents and other cleaning products have supported the growth of the acrylic polymer market for cleaning application in the regions.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.

The break-up of primary interviews is given below:
By Company Type - Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 45%
By Designation – C-level Executives – 20%, Director level – 20%, and Others* – 60%
By Region – North America– 40%, Europe – 40%, APAC – 15%, and Rest of the World- 5%

Notes: Others include sales, marketing, and product managers.

Tiers of the companies are classified based on their annual revenues as of 2020 as Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 <USD 1 billion.

The leading players in the acrylic polymer market for cleaning application are Dow Inc. (US), BASF SE (Germany), Toagosei Co., Ltd. (Japan), Sumitomo Seika Chemicals Co., Ltd. (Japan), Arkema (France), Nippon Shokubai Co. Ltd. (Japan), Ashland Global Holdings, Inc. (US), and others.

Research Coverage:

This research report categorizes the acrylic polymer market for cleaning application on the basis of type, by application, and region. The report includes detailed information regarding the major factors influencing the growth of the acrylic polymer market for cleaning application, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, acquisition and recent developments associated with the market.

Reasons to Buy the Report

The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the acrylic polymer market for cleaning application comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4. The report includes the COVID-19 impact on the acrylic polymer market for cleaning application market.