The Acrylic Polymer Market Size was valued at USD 610 million in 2024 and is expected to reach USD 847.76 million by 2031 and grow at a CAGR of 4.2% over the forecast period 2024-2031., the market's expansion is driven by the versatility and superior properties of acrylic polymers. These properties enhance the performance and durability of products in construction, paints & coatings, adhesives, and other sectors. The SNS Insider report highlights a significant market expansion fuelled by the growing demand for polymer emulsions. This demand stems from rapid urbanization, evolving lifestyles, and rising disposable income. Industries like paper, construction, textiles, transportation, and consumer durables are witnessing a surge in polymer emulsion usage. The acrylic polymer market is witnessing robust growth propelled by its versatile applications across various industries, including paints and coatings, adhesives, textiles, and construction. Acrylic polymers, synthetic resins derived from acrylic acid or its derivatives, offer exceptional properties such as high transparency, weather resistance, durability, and chemical stability, making them ideal for a wide range of applications. In the paints and coatings industry, acrylic polymers are widely used as binders, thickeners, and film-forming agents in architectural coatings, automotive paints, and industrial coatings due to their excellent adhesion, UV resistance, and color retention properties.
Moreover, advancements in acrylic polymer technology and formulation are driving innovation and market expansion in the industry. Manufacturers are developing specialized acrylic polymer grades with tailored properties such as rheology control, impact resistance, and thermal stability to meet the specific requirements of different applications. Additionally, the development of functional acrylic polymers with enhanced functionalities such as self-cleaning, anti-fouling, and antimicrobial properties expands market opportunities and drives adoption in niche markets such as healthcare, electronics, and personal care.
Get a Report Sample of Acrylic Polymer Market@ https://www.snsinsider.com/sample-request/2457
Some of the Key Players Included are:
l Kamsons Chemicals Pvt. Ltd
l Celanese Corporation
l Nippon Shokubai Co. Ltd.
l BASF SE
l Pexi Chem Private Limited
l The Dow Chemical Company
l The Lubrizol Corporation
l Xyntra Chemicals B.V.
l Asian Paints Ltd.
l StanChem, Inc.
l and other
Market Scope:
The key advantage of polymer emulsion lies in its adaptability. It finds application in a wide range of products, including paints & coatings, adhesives, and sealants. These industries benefit from the unique properties offered by polymer emulsions, such as enhanced product performance and extended durability. As a result, polymer emulsions are increasingly favoured as a key ingredient in manufacturing processes, driven by the need for innovative and high-quality solutions.
Market Analysis:
Acrylic polymers, also known as acrylates, are formed by connecting smaller units called monomers. Chemists design these polymers with specific attributes by combining various hard and soft monomers, catering to diverse end-use applications. Pure acrylic polymers can be transformed into polyacrylic acid or crosslinked polyacrylic acid compounds. These compounds find use in the production of detergents, hygiene products, and wastewater treatment & purification systems.
· Versatility: Adaptable to various applications across industries
· Durability: Enhances product lifespan
· Performance: Improves product performance metrics
· Sustainability: Eco-friendly options available
Segment Analysis:
The acrylic ester derivative segment dominates the acrylic acid market, capturing the largest market share. This dominance can be attributed to the vast applications and utility of acrylic esters across numerous industries. These clear and volatile liquids offer moderate water solubility and complete solubility in alcohols, ethers, and organic solvents.
The functional versatility of acrylic esters comes from their double bond and carboxyl group. Both acrylic acid and its derivative acrylic esters are multi-use monomers capable of generating a wide range of multi-purpose polymers.
By Type
l Solvent-Borne
l Water-Borne
By Application
l Laundry & Detergent
l Industrial & Institutional
l Hard Surface Cleaning
l Dish Washing
l Others
Impact of Russia-Ukraine War:
Russia is a significant exporter of natural gas, a key feedstock for acrylic acid, a crucial component in acrylic polymer production. Sanctions and disrupted trade routes are pushing up natural gas prices globally. This directly impacts the cost of producing acrylic acid, a major contributor to the final price of acrylic polymers. The war has also caused a surge in global oil prices. Since many acrylic polymer production processes are energy-intensive, these higher costs translate to increased manufacturing expenses. This has forced producers to raise prices or potentially reduce production. Ukraine has a thriving chemical industry, and the war has disrupted transportation routes through the region. This led to shortages of key raw materials or delays in deliveries, further impacting acrylic polymer production globally. The overall economic uncertainty caused by the war fuels inflation, impacting various aspects of production. From labour costs to transportation expenses, everything becomes more volatile, making it difficult for manufacturers to predict and manage their acrylic polymer production costs.
Impact of Economic Slowdown:
During economic downturns, consumer spending tends to decline in sectors like construction and automotive, major consumers of acrylic polymers in paints, coatings, and plastics for vehicles. This led to a decrease in demand for acrylic polymers, potentially slowing down market growth. However, economic downturns can also push industries to seek more cost-effective materials. Acrylic polymers often boast advantages like affordability and durability compared to some alternatives. This could lead to increased adoption in certain applications. Economic downturns might not necessarily hamper the ongoing focus on sustainability. Acrylic polymers often have water-based options with lower VOC (volatile organic compound) emissions compared to traditional solvent-based solutions. This can make them attractive choices for environmentally conscious companies even during economic hardships. Overall, the impact of an economic downturn on the acrylic polymer market depends on various factors.
Regional Analysis:
The increasing demand for paints in different applications, such as interior and furniture paint, is expected to contribute significantly to the growth of the North American acrylic polymer emulsion market. Due to the increasing demand for Green Coatings which is contributing to an increase in Acrylic Emulsions Demand in the Region, Europe's Acrylic Polymer Emulsion Market represents the 2nd biggest market share. In addition, the European Acrylic Polymer Emulsions market in Germany had the highest market shares and the United Kingdom's Acrylic Polymer Emulsions market was the fastest increasing market in Europe.
Meanwhile, the Asia-Pacific region is expected to witness rapid growth due to its booming construction and automotive industries, which drive significant demand for acrylic polymers in paints, coatings, and adhesives.
Key Takeaways
· The acrylic polymer market is projected to reach USD 847.76 million by 2031, driven by the growing demand for high-performance materials.
· Polymer emulsion adoption is surging across various industries due to its versatility and ability to enhance product performance and durability.
· Acrylic ester derivatives dominate the acrylic acid market due to their vast applications and utility.
· Global disruptions like the Russia-Ukraine war and economic slowdown pose challenges in terms of raw material availability, logistics, and consumer spending.
Recent Developments:
At the 2024 MD&M West trade show, Roehm, a German chemical company based in Germany, introduced two acrylic copolymers: Cyrolite GP20 and MDz6 on February 9, 2024. These compounds have been designed for injection molding and extrusion processes, which provide a perfect combination of properties suited to medical applications.
In Feb 2024, Univar Solutions B.V., a subsidiary of Univar Solutions Inc., was appointed as the distributor for Dow's acrylic emulsion polymer products in the United Kingdom and Ireland.
In May 2024, PT. NIPPON SHOKUBAI INDONESIA ("NSI"), a subsidiary of NIPPON SHOKUBAI CO., LTD. inaugurated a new acrylic acid ("AA") facility with a production capacity of 100,000 MT/Y in Cilegon, Banten, Indonesia. The total investment in the project is approximately 200 million US dollars.
Related Reports:
Composite Packaging Market Size
Carbon Nanotubes (CNT) Market Size
Construction Chemicals Market Size
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
French (Français)
Spanish (Español)
Arabic
Portuguese (Português)
Deutsch
Turkish (Türk)
Dutch (Nederlands)
Italiano
Romaian (Română)
Português (Brasil)
Greek (Ελληνικά)
Russian (русский)