Acrylic Emulsions Market to Grow with a CAGR of 6.23% Globally through 2029
Growing demand of acrylic emulsions in construction
industry is expected to drive the Global Acrylic Emulsions Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “Acrylic Emulsions
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2019-2029F”, the Global Acrylic emulsions Market stood at USD 10.85
billion in 2023 and is anticipated to grow with a CAGR of 6.23% in the forecast
period, 2024-2029. The initiatives taken by government based on acrylic emulsions
has led to favorable market conditions for the Global Acrylic emulsions Market.
Several factors contribute to the growth of various acrylic emulsions products.
The Indian government's Pradhan Mantri Awas Yojana
(PMAY) is a notable and transformative initiative aimed at ensuring that every
citizen has access to affordable housing. By providing financial assistance,
subsidies, and incentives, PMAY has opened up new avenues for affordable
housing and has positively impacted the acrylic emulsions market in India. The
growth of this market can be attributed to the increased demand for paints,
coatings, and adhesives in the construction industry, driven by the government's
focus on affordable housing solutions.
Several other
countries worldwide have implemented government initiatives to support the
industry's growth. For instance, in the Middle East, governments have
proactively taken steps to diversify their economies away from reliance on oil
by promoting non-oil industries, including the polymer emulsion industry. These
initiatives have created a favorable environment for the growth of the polymer
emulsion market, attracting investments and fostering innovation in the region.
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Acrylic emulsions Market”
Rapid urbanization and infrastructure development in
emerging economies have led to a surge in the demand for construction
materials. The Asia-Pacific region, in particular, has experienced remarkable
growth in construction activities, resulting in a substantial increase in the
consumption of acrylic emulsions. Governments
in these regions are heavily investing in infrastructure projects, including
residential, commercial, and industrial buildings, which further drives the
demand for acrylic emulsions.
Moreover, the Middle East and Africa are also
witnessing significant construction growth, primarily fueled by the need for
modernization and urban development. In these regions, acrylic emulsions find
extensive applications in various areas such as exterior coatings, concrete
additives, and sealants. The versatility and effectiveness of acrylic emulsions
make them a preferred choice for construction projects, ensuring durability,
protection, and aesthetic appeal.
As the construction industry continues to flourish,
the demand for acrylic emulsions is expected to rise even further, as they play
a crucial role in enhancing the performance and longevity of construction
materials. With their wide range of applications and benefits, acrylic
emulsions are poised to continue their significant contribution to the
construction sector's growth and development in the years to come.
The Global Acrylic Emulsions Market is segmented into type,
application, regional distribution, and company.
Based on its type, the polymer & copolymer segment
held the largest share in the market. Although acrylic emulsions formulated from polymers
and copolymers may initially entail higher expenses in comparison to
alternative emulsions, their exceptional performance, longevity, and
eco-friendly attributes frequently lead to substantial cost savings in the long
run. Furthermore, ongoing advancements in manufacturing techniques and the
realization of economies of scale have contributed to the reduction of
production costs, enhancing the competitiveness of these acrylic emulsions
within the market. This combination of superior performance, sustainability,
and improving cost-effectiveness positions polymer and copolymer-based acrylic
emulsions as preferred choices for a diverse array of applications across
industries. As such, businesses increasingly recognize the long-term value and
benefits associated with investing in these innovative acrylic emulsion
formulations.
Based on region, North America segment is expected to
grow during the forecast period.
In countries such as the U.S and Canada, known for
their robust economies, the potential for the acrylic emulsions market in North
America is exceptionally high. In the U.S, numerous large firms have
established their headquarters in various cities across the country, with
substantial investments made in infrastructure development. Moreover, there is
a continuous influx of new firms seeking to enter the market, indicating a
promising outlook. The increasing number of firms is expected to drive growth
in the construction market, subsequently favoring the expansion of the acrylic
emulsions market as well. As the construction market flourishes, the demand for
acrylic emulsions is poised to witness significant growth.
Major companies operating in Global
Acrylic emulsions Market are:
- BASF SE
- Synthomer Plc.
- The Dow Chemical Company
- Celanese Corporation
- Lubrizol Corporation
- 3M Co.
- Arkema SA
- DIC Corporation
- Pexi Chem Private Limited
- Gellner Industrial LLC
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“A notable application of smart technology within
acrylic emulsions involves the creation of temperature-responsive coatings.
These innovative coatings are engineered to exhibit reversible alterations in
color or transparency in reaction to shifts in temperature, thereby
facilitating temperature monitoring and providing visual cues regarding
alterations in surface conditions. This advanced functionality not only enhances
the practical utility of acrylic emulsions in various industries but also
underscores their adaptability to dynamic environmental factors. By seamlessly
integrating temperature-sensitive properties into coatings, businesses can
harness valuable insights into temperature variations and surface conditions,
enabling informed decision-making and proactive maintenance strategies. This
transformative advancement in smart technology exemplifies the ongoing
evolution of acrylic emulsions, paving the way for enhanced performance and
functionality across diverse applications.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Acrylic Emulsions Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (Polymer &
Copolymer and Pure Acrylic), By Application (Paints & Coatings, Adhesives
& Sealants, Construction Additives, Paper Coatings, Others), By Region and
Competition, 2019-2029F”, has evaluated
the future growth potential of Global Acrylic emulsions Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Acrylic emulsions Market.
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