Global Waterborne Acrylic Resin Market Overview
The Waterborne Acrylic Resin Market Size was estimated at 3.29 (USD Billion) in 2022.The Waterborne Acrylic Resin Industry is expected to grow from 3.47(USD Billion) in 2023 to 5.6 (USD Billion) by 2032. The Waterborne Acrylic Resin Market CAGR (growth rate) is expected to be around 5.48% during the forecast period (2024 - 2032).
Key Waterborne Acrylic Resin Market Trends Highlighted
The waterborne acrylic resin market is poised for continued growth, driven by increasing demand for eco-friendly and sustainable materials in various industries. Key drivers include rising environmental regulations, growing awareness of volatile organic compound (VOC) emissions, and the versatility of waterborne acrylic resins in a wide range of applications.Opportunities lie in expanding into emerging markets, developing innovative formulations for specialized applications, and leveraging advancements in nanotechnology and renewable resource-based resins. Recent trends include the adoption of high solids and low VOC waterborne acrylic resins, driven by the need for high performance and reduced emissions. Additionally, the incorporation of functional groups enhances adhesion, UV resistance, and other properties, catering to specific industry requirements.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterborne Acrylic Resin Market Drivers
Increasing Adoption of Waterborne Acrylic Resins in Construction
Waterborne acrylic resins are gaining popularity in the construction industry due to their exceptional properties, such as durability, flexibility and resistance to moisture and weathering. They are widely used in architectural coatings, including primers, topcoats and interior and exterior paints. The growing demand for environmentally friendly and sustainable building materials is further driving the adoption of waterborne acrylic resins in the construction sector.These resins contribute to reducing VOC emissions and minimizing the environmental impact of construction activities, making them a preferred choice for green building initiatives. As the construction industry continues to expand globally, the demand for waterborne acrylic resins is expected to remain strong, driven by the increasing focus on sustainability and the need for high-performance construction materials.
Rising Demand for Waterborne Acrylic Resins in Automotive Applications
The automotive industry is another major consumer of waterborne acrylic resins. These resins are used in a variety of automotive applications, including coatings, adhesives and sealants. Waterborne acrylic coatings provide excellent protection against corrosion, weathering and UV radiation, making them well-suited for automotive exteriors. They also offer good adhesion properties, flexibility, and durability, meeting the demanding requirements of the automotive industry.As the automotive market continues to grow, the demand for waterborne acrylic resins is expected to increase significantly, driven by the need for lightweight, fuel-efficient vehicles with enhanced durability and aesthetics.
Growing Adoption of Waterborne Acrylic Resins in Packaging Applications
Waterborne acrylic resins are increasingly used in the packaging industry due to their ability to provide excellent barrier properties, printability and adhesion. They are used in a variety of packaging applications, including food packaging, beverage containers, and pharmaceutical packaging. Waterborne acrylic coatings and adhesives offer good resistance to moisture, oxygen and chemicals, helping to preserve the quality and shelf life of packaged products.Due to the increasing concern over the quality and safety of food products, bottled food and beverages have experienced increased pressure, further promoting the use of waterborne acrylic resins in the packaging industry.
Waterborne Acrylic Resin Market Segment Insights
Waterborne Acrylic Resin Market Application Insights
The Waterborne Acrylic Resin Market is segmented into various applications, including architectural coatings, industrial coatings, automotive coatings, plastics and composites, paper and packaging, adhesives and sealants, textile coatings and other applications. Architectural coatings held the largest market share in 2023, accounting for over 30% of the revenue. The growth of this segment is attributed to the increasing demand for waterborne acrylic resins in residential and commercial construction applications. Industrial coatings are expected to witness a significant growth rate during the forecast period, owing to the rising demand from the automotive, electronics, and metalworking industries.Automotive coatings are also expected to exhibit steady growth, driven by the increasing production of automobiles worldwide. Plastics and composites are another major application segment, with waterborne acrylic resins being used in the production of a wide range of plastic products, including automotive parts, appliances, and furniture. Paper and packaging applications are also expected to contribute to the growth of the market, as waterborne acrylic resins are used in the production of paper, cardboard, and packaging materials. Adhesives and sealants, textile coatings, and other applications are also expected to contribute to the overall growth of the Waterborne Acrylic Resin Market. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterborne Acrylic Resin Market End-Use Industry Insights
The end-use industry segment plays a crucial role in shaping the demand dynamics of the Waterborne Acrylic Resin Market. Automotive, construction, electronics, furniture and interiors, medical and healthcare and other industries drive market growth. Among these, the automotive industry holds a significant share due to the increasing demand for lightweight and durable materials in vehicle manufacturing. The construction industry is also a major consumer, utilizing waterborne acrylic resins in paints, coatings and adhesives. Furthermore, the electronics industry utilizes these resins in electronic components and devices, contributing to the segment's growth.The furniture and interior industry leverages waterborne acrylic resins for furniture finishing, while the medical and healthcare industry employs them in various medical devices and applications. Other industries, such as packaging and consumer goods, also contribute to the overall market revenue, which is projected to reach a substantial value in 2024 and beyond.
Waterborne Acrylic Resin Market Chemistry Insights
The chemistry segment of the waterborne acrylic resin market is categorized into styrene-acrylic, vinyl-acrylic, urethane-acrylic, epoxy-acrylic and other chemistries. Styrene-acrylic resins hold the largest market share due to their excellent adhesion, durability and cost-effectiveness. They are widely used in architectural coatings, industrial coatings, and automotive coatings. Vinyl-acrylic resins are another significant segment, offering high flexibility, water resistance and UV resistance. They are commonly used in paper coatings, textile coatings, and adhesives.Urethane-acrylic resins provide superior toughness, abrasion resistance, and chemical resistance, making them suitable for high-performance coatings and industrial applications. Epoxy-acrylic resins offer excellent adhesion to metal substrates and are used in coil coatings, can coatings, and marine coatings. Other chemistries, such as silicone-acrylic and fluorinated acrylic resins, cater to specialized applications requiring specific properties like high-temperature resistance or water repellency.
Waterborne Acrylic Resin Market Solid Content Insights
The Waterborne Acrylic Resin Market segmentation by solid content primarily comprises Low Solids (40%), Medium Solids (40-60%), High Solids (60-80%), and Ultra-High Solids (>80%). The solid content refers to the percentage of non-volatile matter in the resin, which impacts its performance and applications. High Solids and Ultra-High Solids segments are gaining traction due to their superior performance characteristics, such as faster drying times, reduced VOC emissions, and improved film properties. These segments are expected to witness significant growth in the coming years, driven by increasing demand from industries such as automotive coatings, industrial coatings, and architectural coatings.The Medium Solids segment currently holds a major share of the Waterborne Acrylic Resin Market revenue, primarily due to its versatility and wide range of applications. However, the market is witnessing a gradual shift towards higher solid content resins as end-users seek enhanced performance and environmental sustainability. Overall, the market segmentation by solid content provides insights into the evolving preferences of end-users and the dynamic competitive landscape within the Waterborne Acrylic Resin Market. The data and statistics derived from this segmentation can assist market participants in making informed decisions regarding product development, target markets, and strategic partnerships.
Waterborne Acrylic Resin Market Molecular Weight Insights
The molecular weight of waterborne acrylic resins is a key factor that influences their performance properties. Low molecular weight resins (10,000 g/mol) offer good flexibility and adhesion but low hardness and chemical resistance. Medium molecular weight resins (10,000-100,000 g/mol) provide a balance of properties, including good hardness, flexibility, and chemical resistance. High molecular weight resins (>100,000 g/mol) exhibit excellent hardness, chemical resistance, and abrasion resistance but may have lower flexibility. The molecular weight of a waterborne acrylic resin is typically tailored to the specific application requirements.
Waterborne Acrylic Resin Market Regional Insights
The Waterborne Acrylic Resin Market is segmented into North America, Europe, APAC, South America and MEA. APAC is expected to hold the largest market share due to the increasing demand for waterborne acrylic resins in the automotive and construction industries. The market in North America is expected to grow at a steady pace due to the increasing demand for waterborne acrylic resins in the packaging industry. Europe is expected to witness moderate growth due to stringent environmental regulations and the growing demand for eco-friendly products.The market in South America and MEA is expected to grow at a significant pace due to the increasing demand for waterborne acrylic resins in the construction and automotive industries. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterborne Acrylic Resin Market Key Players And Competitive Insights
Major players in Waterborne Acrylic Resin Market are continuously innovating and developing new products to meet the changing demands of their customers. For instance, in 2023, Dow Chemical Company launched a new waterborne acrylic resin that offers improved adhesion, flexibility, and durability. This new resin is designed for use in a variety of applications, including coatings, adhesives, and sealants. Leading Waterborne Acrylic Resin Market players are also investing heavily in research and development to improve the performance and efficiency of their products. For example, BASF SE is working on developing new waterborne acrylic resins that are more environmentally friendly and have a lower VOC content. The Waterborne Acrylic Resin Market industry is highly competitive, with a number of leading players. Some of the key players in the market include Dow Chemical Company, BASF SE, Evonik Industries AG, and Arkema SA. These companies are constantly investing in new product development and innovation to maintain their competitive edge. The Waterborne Acrylic Resin Market industry is characterized by a number of key trends. One of the most important trends is the growing demand for environmentally friendly products. Consumers are increasingly looking for products that are made from sustainable materials and have a low environmental impact. This trend is driving the development of new waterborne acrylic resins that are more environmentally friendly and have a lower VOC content.BASF SE is a leading chemical company that offers a wide range of products and services to the Waterborne Acrylic Resin Market industry. The company's waterborne acrylic resins are used in a variety of applications, including coatings, adhesives, and sealants. BASF SE is committed to innovation and sustainability, and the company is constantly investing in new product development and research to improve the performance and efficiency of its products. The company's waterborne acrylic resins are known for their high quality and performance, and they are used by a wide range of customers around the world. BASF SE is a major player in the Waterborne Acrylic Resin Market industry, and the company is well-positioned to continue to grow its market share in the years to come.Evonik Industries AG is another leading player in the Waterborne Acrylic Resin Market industry. The company's waterborne acrylic resins are used in a variety of applications, including coatings, adhesives, and sealants. Evonik Industries AG is committed to innovation and sustainability, and the company is constantly investing in new product development and research to improve the performance and efficiency of its products. The company's waterborne acrylic resins are known for their high quality and performance, and they are used by a wide range of customers around the world. Evonik Industries AG is a major player in the Waterborne Acrylic Resin Market industry, and the company is well-positioned to continue to grow its market share in the years to come.
Key Companies in the Waterborne Acrylic Resin Market Include
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Arkema
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Daicel
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Mitsui Chemicals
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Dow
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Synthomer
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Evonik
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LG Chem
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Covestro
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Kumho Petrochemical
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Huntsman
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Eastman Chemical
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Nippon Shokubai
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BASF
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DIC Corporation
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LyondellBasell
Waterborne Acrylic Resin Market Industry Developments
The waterborne acrylic resin market is projected to reach USD 5.6 billion by 2032, exhibiting a CAGR of 5.48% during the forecast period. Rising demand for waterborne acrylic resins in architectural coatings, automotive coatings, and industrial coatings is driving market growth. Stringent environmental regulations favoring the adoption of low-VOC and eco-friendly coatings are further propelling market expansion. Technological advancements, such as the development of high-performance waterborne acrylic resins with improved durability and resistance properties, are creating new opportunities for market players. Key industry participants are focusing on strategic collaborations, acquisitions, and product innovations to gain a competitive edge. Recent developments include BASF's launch of a new waterborne acrylic dispersion for high-performance coatings and Arkema's acquisition of Ashland's Performance Adhesives business to strengthen its position in the waterborne acrylic resin market.
Waterborne Acrylic Resin Market Segmentation Insights
Waterborne Acrylic Resin Market Application Outlook
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Architectural Coatings
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Industrial Coatings
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Automotive Coatings
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Plastics and Composites
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Paper and Packaging
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Adhesives and Sealants
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Textile Coatings
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Other Applications
Waterborne Acrylic Resin Market End-Use Industry Outlook
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Automotive
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Construction
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Electronics
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Furniture and Interiors
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Medical and Healthcare
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Other Industries
Waterborne Acrylic Resin Market Chemistry Outlook
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Styrene-Acrylic
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Vinyl-Acrylic
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Urethane-Acrylic
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Epoxy-Acrylic
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Other Chemistries
Waterborne Acrylic Resin Market Solid Content Outlook
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Low Solids (40%)
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Medium Solids (40-60%)
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High Solids (60-80%)
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Ultra-High Solids (>80%)
Waterborne Acrylic Resin Market Molecular Weight Outlook
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Low Molecular Weight (10,000 g/mol)
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Medium Molecular Weight (10,000-100,000 g/mol)
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High Molecular Weight (>100,000 g/mol)
Waterborne Acrylic Resin Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.29(USD Billion) |
| Market Size 2023 |
3.47(USD Billion) |
| Market Size 2032 |
5.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.48% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Arkema, Daicel, Mitsui Chemicals, Dow, Synthomer, Evonik, LG Chem, Covestro, Kumho Petrochemical, Huntsman, Eastman Chemical, Nippon Shokubai, BASF, DIC Corporation, LyondellBasell |
| Segments Covered |
Application, End-Use Industry, Chemistry, Solid Content, Molecular Weight, Regional |
| Key Market Opportunities |
Growing demand for high-performance coatings increasing use of architectural paints rising demand from the automotive industry expanding the construction sector and advancements in UV-curable acrylic resins |
| Key Market Dynamics |
Increasing demand for eco-friendly coatings Rapid urbanization and industrialization Growing demand for water-based adhesives Technological advancements in waterborne acrylic resin production Expanding application in automotive and aerospace industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Waterborne Acrylic Resin Market is projected to reach USD 3.47 billion in 2023.
The Waterborne Acrylic Resin Market is expected to grow at a CAGR of 5.48% from 2024 to 2032.
Asia Pacific was expected to hold the largest market share in the Waterborne Acrylic Resin Market in 2023.
The coatings segment was expected to account for the largest market share in the Waterborne Acrylic Resin Market in 2023.
Some of the key competitors in the Waterborne Acrylic Resin Market include Dow, BASF, Arkema, and Evonik.
The key growth drivers of the Waterborne Acrylic Resin Market include increasing demand for eco-friendly coatings and rising construction activities.
The key challenges faced by the Waterborne Acrylic Resin Market include fluctuating raw material prices and intense competition.
The key trends in the Waterborne Acrylic Resin Market include the development of bio-based waterborne acrylic resins and the growing adoption of UV-curable waterborne acrylic resins.
The Waterborne Acrylic Resin Market is expected to reach USD 5.6 billion by 2032.
The Waterborne Acrylic Resin Market is expected to grow at a CAGR of 5.48% from 2024 to 2032.
