The acrylic polymer emulsion industry encompasses several variables that make it a dynamic and ever-changing sector. Acrylic polymer emulsion production and consumption are the primary forces behind this market, which is used in paints and coatings, adhesives, textiles, construction. The increasing demand for environmental friendly and sustainable products is driving the market dynamics. As companies become more concerned about the environment, they are exploring alternative solvent-based coatings. One of these alternatives is acrylic polymer emulsions. The move towards water-based formulations has been triggered by regulatory initiatives that advocate for low VOC products.
Additionally, the building industry significantly influences acrylic polymer emulsion market dynamics. Demand for acrylic polymer emulsions in sealants, caulks and waterproofing compounds is being driven by global construction activities. Use of acrylic polymer emulsions in construction because of its versatility, adherence and durability. Market growth also results from economic factors such as urbanization along with infrastructure development including rising disposable income.
Buyers are faced with a highly competitive market where major players go into mergers as well as alliances to widen their scope of operation fusing together huge deals or forming collaborations that will see them expand into new territories. Researches conducted by these industries lead to product innovations through formulation adjustments or improved formulae so that their respective enterprise might remain competitive in the market. Market competition is also shaped by pricing strategies, supply chain management and distribution networks.
Acrylic polymer emulsion prices are subject to raw materials’ cost fluctuations. Monomers, surfactants and stabilizers which are crucial components among other things that are affected by market forces and global economic conditions determine the costs of emulsion. Stakeholders including manufacturers and suppliers must respond to such changes if they have to be profitable or competitive.
Consumer preferences shape the acrylic polymer emulsion market. In order for companies to address changing consumer tastes through product performance, environmental effect or health issues, it is important for them to customize their products accordingly. Customization and niche applications become more important in the acrylic polymer emulsion market.
The Acrylic Polymer Emulsion Market has continued growing with solvent based being a danger as consumers become aware of it. The worldwide Acrylic Polymer Emulsion market is projected to be driven by increasing demand from paper & packaging industry including paper bags, boxes and folded cartons over the forecast period.
Social and regulatory intervention promotes eco-friendly emulsion, which helps the global Acrylic Polymer Emulsion Market and increases demand worldwide. Furthermore; Indian Government plans on building 60 million new houses all of which could see an increase in future market.
Acrylic Polymer Emulsion Market Size was valued at USD 5.19 billion in 2023. The Acrylic Polymer Emulsion industry is projected to grow from USD 5.16 Billion in 2024 to USD 9.75 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2024 - 2032). Increased demand from the paper & packaging industry, low volatile emission compound (V.O.C.s) emission rate, and excellent durability are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, M.R.F.R. Database, and Analyst Review
The demand for polymer emulsion is witnessing significant growth across various end-use industries, including paper, construction, textile, transportation, consumer durables, and more. This is because of rapid urbanization, evolving lifestyles, and increased disposable income. The versatility of polymer emulsion has led to its widespread adoption in applications such as paints and coatings, adhesives, and sealants, among others. These industries benefit from the unique properties offered by polymer emulsion, which enhance the performance and durability of their products. As a result, polymer emulsion is a growing preference as a key ingredient in manufacturing processes, driven by the need for high-quality and innovative solutions in these industries. This factor drives the market CAGR.
Additionally, the acrylic polymer emulsion market growth depends on the growing consumer awareness about solvent-based emulsion and its harmful effects. Moreover, the market for Acrylic Polymer Emulsion is projected to drive during the forecast period because of the rising demand from the paper & packaging industry, including paper bags, boxes, and folded cartons. Additionally, the social and regulatory intervention promotes eco-friendly emulsion usage, which provides more benefits to the Acrylic Polymer Emulsion Market and helps increase the demand for Acrylic Polymer Emulsion worldwide. Also, the Indian government has planned to construct 60 million new homes, which can boost the market growth in the forecast period. Furthermore, The Acrylic Polymer Emulsion Market has more growth opportunities due to the excellent durability of Acrylic Polymer Emulsion and the Low volatile emission compound (V.O.C.s) emission rate. Moreover, the increasing demand for bio-based polymer emulsion will bring significant opportunities for the market players and vendors. Thus, driving the Acrylic Polymer Emulsion market revenue.
In October 2023, Asahi Kasei announced its commitment to investing in new coating equipments for HiporeTM lithium-ion battery separators. The firm will install the coating lines at its current facilities in America, Japan and South Korea, with commencement of operations expected in the first quarter of financial year 2026.
In June 2023, Avient Corporation and BASF collaborated to introduce Color grades of Ultrason® high-performance polymers. Through a partnership between Avient Corporation and BASF, Color grades of Ultrason® high-performance polymers were brought into the global market. This collaboration would be significant as clients operating in consumer and food service, electrical and electronics (E&E) and healthcare sectors would gain special benefits by having full technical assistance from basic polymer to finished painted products.
Based on Application, the Acrylic Polymer Emulsion market segmentation includes coatings, binders, and adhesives. The coatings segment dominated the market; the dominance of the coatings segment is the exceptional performance characteristics offered by acrylic polymer emulsions. These emulsions provide excellent adhesion, durability, weather resistance, and U.V. stability, making them highly suitable for protecting and enhancing the surfaces they are applied to. Additionally, acrylic polymer emulsions offer good film formation, excellent color retention, and a wide range of aesthetic possibilities, enabling the production of high-quality coatings with desirable properties.
Figure1: Acrylic Polymer Emulsion Market, by Application, 2022 & 2032(USD billion)
Source: Secondary Research, Primary Research, M.R.F.R. Database, and Analyst Review
Based on the end-use Industry, the Acrylic Polymer Emulsion market segmentation includes paper & packaging, building & construction, paints & coatings, and textiles. The paper & packaging segment dominated the market; due to its extensive use in this industry and the unique benefits it offers. Acrylic polymer emulsions are widely utilized in the paper and Packaging sector for various applications, including coatings, adhesives, and laminates. The reason behind the dominance of the Paper & Packaging segment is the excellent properties of acrylic polymer emulsions that cater to the specific needs of this industry. These emulsions provide enhanced paper strength, improved printability, and increased resistance to moisture and chemicals.
The market analysis includes a detailed examination of the acrylic polymer emulsion market insight across different regions, namely North America, Europe, Asia-Pacific, and the Rest of the World. The North American acrylic polymer emulsion market area, the acrylic emulsions market is expected to witness significant growth, primarily fueled by the growing demand for coatings in various applications, particularly in the interior and furniture coating sectors.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBAL ACRYLIC POLYMER EMULSION MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, M.R.F.R. Database, and Analyst Review
Europe's Acrylic Polymer Emulsion market accounts for the second-highest market share because of the rising demand for green coatings contributing to the growing demand for acrylic emulsions in the Region. Further, the German Acrylic Polymer Emulsion market held the largest market share, and the U.K. Acrylic Polymer Emulsion market was the fastest-growing market in the European Region.
The Asia-Pacific Acrylic Polymer Emulsion Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising customer awareness regarding V.O.C. Moreover, China’s Acrylic Polymer Emulsion market held the largest market share, and the Indian Acrylic Polymer Emulsion 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 Acrylic Polymer Emulsion market grow even more. Market participants are also undertaking different strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Acrylic Polymer Emulsion industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Acrylic Polymer Emulsion industry to benefit clients and increase the market sector. In recent years, the Acrylic Polymer Emulsion industry has offered some of the most significant advantages to medicine. Major Acrylic Polymer Emulsion market players include Celanese Corporation (U.S.) and Kamsons Chemicals Pvt. Ltd (India), Pexi Chem Private Limited (India), StanChem, Inc. (U.S.), The Dow Chemical Company (U.S.), Asian Paints Ltd. (India), The Lubrizol Corporation (U.S.), Xyntra Chemicals B.V. (the Netherlands)., and others, are attempting to increase market demand by investing in research and development operations.
Headquartered in Irving, Texas, Celanese Corporation is a leading American company specializing in technology and specialty materials. Previously known as Hoechst Celanese, the company recently partnered with Megafarma, an Azelis company, to provide emulsion polymers in Mexico. This agreement allows Celanese Corporation to supply and distribute emulsion polymers through Megafarma, catering to the Mexican market. The collaboration strengthens Celanese Corporation's presence in Mexico and enhances its ability to meet the growing demand for emulsion polymers in the Region.
Synthomer is a renowned supplier of Acrylic and Vinyl emulsion polymers, specialty polymers, Styrene-Butadiene, and Acrylonitrile-Butadiene latex. The company dominates several market segments, including coatings, construction, technical textiles, paper, and synthetic latex gloves.Recently, Synthomer plc acquired Omnova Solutions Inc., a notable specialty chemical company known for its water-based polymer solutions. This strategic acquisition has significantly strengthened Synthomer's polymer emulsion business and expanded its operational capabilities worldwide.
December 2021: Suzuki created thermoreversible fluorescence polymer hydrogel in December 2021. According to the latest research published in Polymers Journal, they generated sequence conjugated polymers (CPs) through their linking polymer technique, which showed blue, green and red fluorescence. Matching CPs formed polymer dots (Pdots) via reprecipitation, with the Pdot surface being controlled by an alkyl moiety.
In June 2020, Celanese Corporation signed an agreement with Megafarma, an Azelis company. This was done to ensure an extensive supply of emulsion polymers throughout Mexico country.
In May 2023, H.B. Fuller announced its purchase of multipurpose industrial adhesives manufacturer Beardow Adams, which is a British family business concern. The acquisition was projected to enhance profitable growth within end markets as well as generate business synergies through optimization of production along with distribution platform expansion, among others.
In May 2022, LANXESS and Advent International Established a Leading Global Joint Venture for High-Performance Engineering Polymers.
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