Market Size of Acrylic Emulsions Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Acrylic Emulsions Market Analysis
The market for acrylic emulsions is expected to register at a CAGR of over 5% during the forecast period.
COVID-19 negatively impacted the market as all the industries halted their manufacturing processes. Lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021 is expected to benefit the market during the forecast period.
- The major factors driving the market studied are the growing demand for water-based paints. It is due to the rising input costs for solvent-based paints.
- However, the growing preference for polyurethane in coating applications is expected to restrain the market growth.
- Growth and expansion of buildings and construction industry and increasing awareness about the benefits of acrylic emulsions technique act as opportunities for market growth.
- Asia-Pacific is expected to dominate the global market due to rapid urbanization and industrialization, leading to a massive demand for acrylic emulsions from countries such as China, Japan, and India.
Acrylic Emulsions Industry Segmentation
Acrylic resin emulsions are usually prepared by polymerizing various acrylic monomers in water, usually in the presence of an emulsifier or a dispersing agent. Acrylic emulsions are used to produce paints and coatings to improve the impact of the viscosity of substrates, surface effectiveness, and resistance. The acrylic emulsions market is segmented by type, application, and geography. By type, the market is segmented into pure acrylic emulsions, styrene acrylic emulsions, and vinyl acrylic emulsions. The report also covers the size and forecasts for the acrylic emulsions market in 17 countries across major regions. The market sizing and forecast for each segment are based on value (USD million).
| Type | |
| Pure Acrylic Emulsions | |
| Styrene Acrylic Emulsions | |
| Vinyl Acrylic Emulsions |
| Application | |
| Paints and Coatings | |
| Construction Material Additives | |
| Paper Coating | |
| Adhesives | |
| Other Applications |
| Geography | ||||||||
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Acrylic Emulsions Market Size Summary
The acrylic emulsions market is poised for significant growth, driven by the increasing demand for water-based paints and coatings, which are favored for their low VOC emissions and high durability. The market experienced setbacks due to the COVID-19 pandemic, which disrupted supply chains and halted construction activities. However, recovery in 2021 has set a positive trajectory for the market. The construction industry's expansion, particularly in the Asia-Pacific region, is a major contributor to market growth. This region, led by countries like China, Japan, and India, is witnessing rapid urbanization and industrialization, fueling the demand for acrylic emulsions in various applications, including architectural and industrial coatings.
Despite the promising growth prospects, the market faces challenges from the increasing preference for polyurethane in coating applications. Nonetheless, opportunities abound in the growing awareness of the benefits of acrylic emulsions and the expansion of the building and construction industry. The market is moderately consolidated, with key players like BASF SE, Dow, Arkema Group, Celanese Corporation, and DIC CORPORATION holding significant shares. Recent developments, such as new product launches and production facility expansions, are expected to further enhance the competitive landscape and drive innovation in the acrylic emulsions market.
Acrylic Emulsions Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Water-Based Paints
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1.1.2 Growing Investment in Asia-Pacific Construction Industry
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1.2 Restraints
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1.2.1 Growing Preference for Polyurethane Dispersions in Coating Applications
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Pure Acrylic Emulsions
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2.1.2 Styrene Acrylic Emulsions
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2.1.3 Vinyl Acrylic Emulsions
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2.2 Application
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2.2.1 Paints and Coatings
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2.2.2 Construction Material Additives
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2.2.3 Paper Coating
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2.2.4 Adhesives
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Australia & New Zealand
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Russia
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Acrylic Emulsions Market Size FAQs
What is the current Acrylic Emulsions Market size?
The Acrylic Emulsions Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Acrylic Emulsions Market?
Celanese Corporation, Dow, Arkema Group, BASF SE and DIC CORPORATION are the major companies operating in the Acrylic Emulsions Market.
