Acrylic emulsions market projected to grow at a CAGR of 8.2% during the forecast period
The acrylic emulsions market is projected to grow from an estimated USD 6.03 billion in 2017 to USD 8.94 billion by 2022, at a CAGR of 8.2%. Development of economies, infrastructure, and end-use industries, increasing demand for acrylic emulsions in construction additives, and government regulations related to VOC content in emulsions, are factors driving the market. The increasing popularity of polyurethane dispersions in coating applications is acting as a restraint for the global acrylic emulsions market.
Polymer & copolymer is expected to be the fastest-growing type segment
Polymer & copolymer is projected to be the fastest-growing type segment in the acrylic emulsions market during the forecast period because of its increasing application in nonwoven hygiene products. Some other major applications of polymer & copolymer are industrial coatings, general purpose and pressure sensitive adhesives, and others. The market for vinyl acrylic and styrene acrylic emulsions is expected to grow significantly during the forecast period.
Asia-Pacific market is expected to grow at the fastest rate during the forecast period
The acrylic emulsions market is led by North America and Asia-Pacific in terms of value. The Asia-Pacific is the fastest-growing region with growth centered on India and China. In emerging markets, such as the Asia-Pacific and South America, the coatings application is projected to drive the acrylic emulsions market. This is due to growing consumer awareness, increasing government regulations, and increasing adoption of low VOC content paints.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below.
- By Company Type: Tier 1 - 58%, Tier 2 - 25%, and Tier 3 - 17%
- By Designation: C level - 36%, D level - 36%, and Others - 28%
- By Region: North America - 9%, Europe - 27%, Asia-Pacific - 37%, Middle East & Africa - 9%, and South America - 18%
The key companies profiled in this report are, BASF SE (Germany), Synthomer Plc. (UK), Arkema Group (France), The Dow Chemical Company (US), Celanese Corporation (US), Lubrizol Corporation (US), Ashland (US), and H.B. Fuller (US).