Acrylates Copolymer Market

• increased development and infrastructure work is driving the market growth

Market CAGR for acrylates copolymer is driven by the quick industrialization and urbanization occurring in important nations like China and India. The building and construction sector needs high-performance materials for protective and ornamental purposes. For use in architecture and construction, acrylate-based systems such as paint, coatings, adhesives, and sealants must exhibit exceptionally consistent quality and performance while also being economical. As a result, the building and construction sector is seeing an increase in demand for acrylate-based systems.

Acrylate copolymers are widely used in the cosmetic industry as beads, non-porous beads, thickeners, etc., because of their mattifying, soft, ball-bearing, velvet-like characteristics. Water-based emulsion adhesive is significantly more in demand than solvent-based glue because of its decreased release of volatile organic compounds. As a result, acrylate copolymer is frequently used.

The acrylates copolymer market has numerous prospects for expansion due to emerging economies' quick industrialization and urbanization. The growing infrastructure construction and the expanding automotive and electronics industries are anticipated to fuel the market expansion. For instance, Governmental policies favor manufacturing Acrylates copolymers recently introduced in the Asia Pacific market. The quality of these products is anticipated to increase because of governmental initiatives. This advancement will benefit domestic and foreign manufacturers in the market. Thus, driving the acrylates copolymer market revenue.

November 2023

Prominent manufacturer of polyolefins Borealis has said that it has inked a deal to acquire Dupont's 67% share in the joint venture Speciality Polymers Antwerp. In 2000, Speciality Polymers Antwerp N.V. was founded to produce high-pressure copolymers at a Borealis facility in Zwijndrecht, Belgium. DuPont will continue to provide the market with acrylate and ethylene vinyl acetate (EVA) copolymers made at the Speciality Polymers Antwerp plant under the terms of the proposed agreement

"The acquisition of the full ownership of Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin business in specific market areas", Mark Garrett, CEO of Borealis, said. "Acrylate copolymers, which are part of a broader portfolio of specialty polymers produced at Speciality Polymers Antwerp, are an important building block for our value-added products sold into our core Energy & Infrastructure market."

The deal will be submitted to the appropriate employee representatives and is contingent upon approval by the applicable competition authorities.

An entirely cooled ethane tank specifically designed for that purpose will hold the ethane supply that arrives in Stenungsund via ship. For the construction of the tank, a lump-sum turnkey deal has been negotiated with TGE Gas Engineering GmbH. Borealis plans to enhance its steam cracker in parallel to provide a greater amount of ethane cracking.

The Global Acrylates Copolymer Market Industry is poised for growth due to the expansion of the automotive sector. Acrylates copolymers are utilized in various automotive applications, including coatings, adhesives, and sealants, owing to their durability and resistance to environmental factors. As the automotive industry continues to innovate with new materials and technologies, the demand for high-performance acrylates copolymers is likely to increase. This trend is further supported by the rising production of electric vehicles, which require advanced materials for lightweight and efficient designs. Consequently, the market is expected to witness substantial growth, reflecting the automotive sector's evolving needs.

The Global Acrylates Copolymer Market Industry experiences a notable surge in demand driven by the personal care sector. Acrylates copolymers are widely utilized in formulations for cosmetics, skincare, and hair care products due to their excellent film-forming properties and stability. As consumers increasingly seek high-performance and long-lasting products, the market for acrylates copolymers is projected to grow significantly. In 2024, the market value is estimated at 7.69 USD Billion, reflecting the growing trend towards innovative personal care solutions. This trend is likely to continue, with the market expected to expand further as new formulations emerge, catering to diverse consumer preferences.

The Global Acrylates Copolymer Market Industry benefits from the expanding applications in adhesives and sealants. These materials are favored for their strong bonding capabilities and versatility across various substrates. Industries such as construction, automotive, and packaging are increasingly adopting acrylates copolymers for their adhesive formulations. The anticipated growth in these sectors is expected to bolster the demand for acrylates copolymers, contributing to a robust market outlook. As the construction industry continues to evolve, the need for advanced adhesive solutions is likely to drive the market, with projections indicating a significant increase in market value by 2035, reaching 22.0 USD Billion.

Technological advancements in polymer chemistry play a crucial role in shaping the Global Acrylates Copolymer Market Industry. Innovations in synthesis techniques and formulation processes enhance the performance characteristics of acrylates copolymers, making them more efficient and environmentally friendly. These advancements enable manufacturers to develop products that meet stringent regulatory requirements while addressing consumer demands for sustainability. As a result, the market is likely to witness a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 10.02% from 2025 to 2035. This growth is indicative of the industry's commitment to innovation and sustainability, positioning acrylates copolymers as a preferred choice in various applications.

The Global Acrylates Copolymer Market Industry is influenced by increasing regulatory compliance and sustainability initiatives. Governments worldwide are implementing stricter regulations regarding the use of chemicals in consumer products, prompting manufacturers to seek safer alternatives. Acrylates copolymers, known for their low toxicity and favorable environmental profiles, are becoming increasingly popular in formulations that comply with these regulations. This shift towards sustainable practices is likely to drive demand for acrylates copolymers, as companies strive to align their products with consumer expectations for eco-friendly solutions. As sustainability becomes a priority, the market is expected to grow in response to these evolving regulatory landscapes.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific acrylates copolymer market will dominate this market due to the rising use of acrylates in paints, coatings, adhesives, and other related products. The demand for personal care items, including skin care and hair care products, is also rising in Asia due to rising awareness and attention about physical appearances and body upkeep.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: ACRYLATES COPOLYMER MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

North America's acrylates copolymer market accounts for the second-largest market share due to the significant presence of important end-use sectors like packaging, automotive, and personal care, and the North American area dominates the market for acrylates copolymers. The area is distinguished by a concentration on innovation and a well-developed technology infrastructure. Further, the US acrylates copolymer market held the largest market share, and the Canada acrylates copolymer market was the fastest-growing market in the European region.

The Europe acrylates copolymer market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's concentration of key automakers, active R&D programs, and strict environmental regulations. This area's Market expansion is driven by consumer demand for environmentally friendly and sustainable goods. Moreover, the German Acrylates copolymer market held the largest market share, and the UK Acrylates copolymer market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the acrylates copolymer market, grow even more. Additionally, market participants are engaging in a variety of strategic initiatives to increase their worldwide reach, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The acrylates copolymer industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the acrylates copolymer industry to benefit clients and increase the market sector. In recent years, the acrylates copolymer industry has offered some of the most significant advantages. Major players in the acrylates copolymer market, including Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED( India), OMNOVA Solutions Inc (the U.S), The Dow Chemical Company( the U.S.), The Lubrizol Corporation (the U.S.), Georgia-Pacific Chemicals LLC(the U.S.), Exxon Mobil Corporation( the U.S.), H.B. Fuller Company, and INEOS( the U.K.)

Many different chemicals are produced and sold by Arkema SA. The company produces industrial chemicals, performance goods, and useful additives such acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, technical polymers, and specialty chemicals. For instance, The mass balance technique was used by Arkema S.A. to introduce a variety of bio-attributed acrylic monomers in November 2022. It is a crucial step in the company's and its coating solutions segment's path for sustainable development.

The Dow Chemical Company operates as a chemical company. The business produces plastic materials, rubber, agro-science, and specialty chemicals. Dow Chemical provides services to the packaging, construction, food, and personal care industries worldwide. For instance, Two new silicone acrylate copolymers from Dow Corning are easy to develop for color cosmetics and have better durability and attractiveness. The two novel silicone acrylate copolymers are cyclopentasiloxane and Dow Corning FA 4002 ID Silicone Acrylate: Isododecane (and) acrylates/polytrimethylsiloxymethacrylate copolymer.