Acrylic Polymer Market Forecasts to 2028 – Global Analysis By Type (Water-borne, Solvent-borne), Product (Acrylic Polymer Adhesives, Acrylic Polymer Coatings), Application (Biomedical Materials,Dish Washing), and By Geography

Acrylic Polymer Market Forecasts to 2028 – Global Analysis By Type (Water-borne, Solvent-borne), Product (Acrylic Polymer Adhesives, Acrylic Polymer Coatings), Application (Biomedical Materials,Dish Washing), and By Geography

According to Stratistics MRC, the Global Acrylic Polymer Market is accounted for $591.14 million in 2021 and is expected to reach $894.74 million by 2028 growing at a CAGR of 6.1% during the forecast period. Acrylic polymer Emulsion is made by a combination polymerization process in which the acrylic polymer droplets are emulsified in water and then polymerized. Acrylic Polymer Emulsion is flexible as of the acrylic ester functionality. They hold higher properties such as low volatile emission compound (VOCs) emission rate and outstanding stability which make them appropriate for several applications in end-use industries such as building & construction, paints & coatings, textiles, and others.

Market Dynamics:

Driver:

Growing Usage in Institutional & Industrial Cleaning

It is used in laundry & detergents, institutional & industrial cleaning, hard surface cleaning, and other cleaning applications. Washing plays a very significant role in the growth of industries such as manufacturing healthcare, retail, and hospitality. In manufacturing, hospitality, and food processing industries, better hygiene not only results in quality products but is also safe for workers' health. All these industries are projected to grow at a positive rate in the upcoming years, which is expected to drive the demand for acrylic polymer in cleaning applications.

Restraint:

Health and Environmental Issues of Solvent-Based Acrylic Polymers

The unsafe effects of solvent-based acrylic polymers on human and environmental health are limiting market growth. VOCs existing in paint systems are harmful to the environment as well as humans. Paints release VOCs during the drying or curing phase. Exposure to VOCs has a degrading effect on the body, with effects ranging from headaches to allergies and asthmatic reactions. The severe health risks of solvent-based acrylic polymers comprise headache, dizziness, and light‐headedness, progressing to unconsciousness and seizures. Irritation of the nose, eye, and throat are some other effects of working with these systems. It can also cause stress on vital body organs such as the heart and lungs. Due to these harmful effects, the use of solvent-based systems is being heavily regulated by authorities, thereby lowering the demand, especially in the building & construction sector.

Opportunity:

Rising Obligation for Biologically Sustainable Formulations

Across the globe, ecological sustainability is a foremost goal of the industrial sector as well as governments. Owing to this, the manufacturing industry is moving toward the usage of bio-based, green, or less toxic products. With a ban on phosphate-based detergents in developed countries, the demand for an alternative has increased significantly. Acrylic polymer appears to be a better alternative to phosphate binders. As per an analysis carried out by the American Cleaning Institute, the potential ecological risk associated with the use of acrylic homo- and co-polymers in detergent, laundry detergents, dishwashing products, and other products is found to below. Thus, increasing demand for sustainable & eco-friendly cleaning products across the globe will drive the market for acrylic polymer during the forecast period.

Threat:

Rigorous Guidelines and Restrictions

As it is used in definite industrial cleaning sectors are matter to several guidelines by ecological and government authorities owing to their VOC content (mostly in solvent-based cleaning acrylic polymers). Solvent cleaners comprise mineral spirits, a solvent generally used for hard surface cleaning for their skill to quickly grease, and dissolve oil, dirt, grime, burnt-on carbon, and heavy lubricants. Various regulations, such as DIN EN 16516, EU Construction Products Regulation (CPR), Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), US EPA, and similar others, regulate the production and sale in European countries and the US. These regulations act as a major challenge for the market players.

Laundry & detergent segment is expected to be the largest during the forecast period

The laundry & detergent segment is estimated to account for the largest share of the overall market for cleaning applications, closely followed by the dishwashing segment. With the growing population, rising per-capita income, changing lifestyles, and growing usage of washing machines across the globe, the demand for laundry detergent is growing, which is consequently driving the market for cleaning applications. Furthermore, increasing demand for liquid dishwashing products in hotels, restaurants, food retails, and household applications further support the growth of the market.

The Water-borne segment is expected to have the highest CAGR during the forecast period

The foremost reason driving this segment is the high solubility, dispersion in cleaning products, and growing demand for sustainable products. It also helps to increase the cleaning product’s performance and efficiency rate, owing to which it is prevalently used in Europe and North America. But, the cost of water-borne is high compared to solvent-borne.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to growing demand from end-use industries such as paper & packaging, building & construction, and textile. Also, the other factor anticipated up surging in developing countries such as China, Japan, and India owing to escalating construction spending and growth of the paper & packaging industry.

Region with highest CAGR:

Europe is projected to have the highest CAGR. In Europe, stringent regulations and increasing demand for sustainable laundry & detergents, and other cleaning products have supported the growth of the acrylic polymer market for cleaning applications in the provinces. Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.

Key players in the market:

Some of the key players profiled in the Acrylic Polymer Market include Anhui Newman Fine Chemicals Co. Ltd., Anshika Polysurf Limited, Arkema, Ashland Global Holdings, Inc., Basf Se, Chemipol, S.A., Gellner Industrial, Groupe Protex International, Kamsons Chemicals Pvt. Ltd., Maxwell Additives Private Limited, Mctron, Michelman, Nippon Shokubai Co. Ltd., Nouryon, Pika India Technologies, Shanghai Baolijia Chemical Limited, Solvay Sa, Sti Polymer, Sumitomo Seika Chemicals Co. Ltd., The Lubrizol Corporation, Toagosei Co. Ltd., Weifang Ruiguang Chemical.

Key developments:

In November 2019: Nippon Shokubai Indonesia, an Indonesian subsidiary of Nippon Shokubai Co., Ltd., announced that it obtained Halal certification in Indonesia from Lppom Mui, a Halal certification authority affiliated with Majelis Ulama Indonesia, about acrylic acid (AA) and acrylates. This will boost the sale of acrylic polymers in the region.

In August 2021: BASF and SINOPEC expanded their Verbund site in Nanjing, China. It includes the capacity expansion of several downstream chemical plants, including a new tert-butyl acrylate plant by using acrylic acid and isobutene of the existing Verbund as feedstock.

In December 2020: Ashland Chemical Holdings Inc. announced that it increased production capacity for Aquaflow (Acrylic polymer) synthetic thickeners. The expansion reinforces the company’s geographic growth strategy for rheology modifiers.

Types Covered:
• Water-Borne
• Solvent-Borne

Products Covered:
• Acrylic Polymer Adhesives
• Acrylic Polymer Coatings
• Асrуlіс Dеrіvаtіvе Роlуmеrѕ
• Роlуmеthуlасrуlіс Асіd
• Роlуасrуlіс Асіd

Applications Covered:
• Biomedical Materials
• Dish Washing
• Hard Surface Cleaning
• Industrial & Institutional
• Instant Adhesive
• Laundry & Detergent
• Thickeners

End Users Covered:
• Paper and Packaging
• Building and Construction
• Paints and Coatings
• Textile

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances