Industry News

Acrylic Emulsions Market to Reach USD 8.94 Billion by 2022

Published on 2017-09-25. Author : SpecialChem

The report "Acrylic Emulsions Market by Type (Pure Acrylic, Polymer & Copolymer), Application (Paints & Coatings, Paper Coating, Construction Additives, Adhesives & Sealants), and Region - Global Forecast to 2022", The acrylic emulsions market is projected to grow from USD 5.59 Billion in 2016 to USD 8.94 Billion by 2022, growing at a CAGR of 8.2% during the forecast period 2017-2022. The market is driven by the growing demand for acrylic emulsions in various adhesives & sealants (especially in the pressure sensitive adhesive applications segment) and paints & coatings applications.

Acrylic Emulsions Market

Largest Type Sub Segment

  • Polymer & copolymer make up the largest type sub segment of the acrylic emulsions market due to their wide usage in the manufacture of both, water-based and solvent-based emulsions for various applications. 
  • Growth of this segment is attributed to the need to follow mandatory environmental protocols related to low VOC and ecolabels prevailing in the developed and emerging markets.

Factors to Drive Demand

  • The paints & coatings application is expected to lead the acrylic emulsions market during the forecast period. Rising disposable incomes are driving the demand for superior quality home interior & exterior decorative paints, and industrial paints. This is boosting the demand for acrylic emulsions in the paints & coatings application.
  • Apart from the above factors, increasing spending on construction & infrastructure in various countries is also helping the growth of the acrylic emulsions market.

North America accounted for the largest market share in the global acrylic emulsions market, in terms of value, in 2016. This is mainly due to the renovation and reconstruction activities being undertaken in the US and other North American countries.

The acrylic emulsions market in the Asia-Pacific region is expected to grow at the highest rate during the forecast period, in terms of value and volume. Rising economic growth, growing manufacturing industries, availability of cheap labor, increasing foreign investments, and rise in the applications of acrylic emulsions across paints & coatings applications are some of the major factors expected to fuel the growth of the market. Increasing demand in countries such as China, India, Indonesia, and Malaysia are expected to drive the growth of the market in the Asia-Pacific region.

Key players in the acrylic emulsions market include BASF SE (Germany), Synthomer Plc. (UK), Arkema Group (France), The Dow Chemical Company (US), Celanese Corporation (US), Lubrizol Corporation (US), Ashland (US), H.B. Fuller (US), and others.

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Source: MarketsandMarkets
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