Acrylic Polymers and Acrylic Co-Polymers Market to Grow with a CAGR of 5.04% through 2028
Growing demand for sustainable materials
and Versatility in applications are factors driving the Global Acrylic Polymers
and Acrylic Co-Polymers market in the forecast
period 2024-2028.
According to
TechSci Research report, “Acrylic Polymers and Acrylic Co-Polymers Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2028”, the Global Acrylic Polymers and Acrylic Co-Polymers Market stood at
USD 1484.36 million in 2022 and is anticipated to grow with a CAGR of 5.04% in
the forecast period, 2024-2028. The Global Acrylic Polymers and
Acrylic Co-Polymers Market is a dynamic and growing sector within the chemical
industry. These versatile synthetic compounds, derived from acrylic acid,
exhibit a wide range of properties, including adhesion strength, weather
resistance, and optical clarity. They find extensive applications in various
industries, such as paints and coatings, adhesives, sealants, packaging,
textiles, and more. Key drivers for this market include their adaptability in
diverse formulations, increasing demand for eco-friendly products, and their
role in meeting stringent regulatory standards. As industries continue to seek
high-performance and sustainable solutions, acrylic polymers remain at the
forefront of innovation and market growth.
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over 144 market data Figures spread through 188 Pages and an in-depth TOC
on "Global Acrylic Polymers and Acrylic Co-Polymers Market”
One of the key drivers for the Global Acrylic
Polymers and Acrylic Co-Polymers Market is their versatility in various
applications. These synthetic compounds derived from acrylic acid can be
tailored to meet specific performance requirements, making them indispensable
in industries like paints, coatings, adhesives, and packaging. Additionally,
the increasing demand for sustainable materials is driving the adoption of
eco-friendly acrylic formulations. Acrylic polymers can be formulated with low
levels of volatile organic compounds (VOCs), aligning with stringent
environmental regulations. Their ability to offer both performance and
environmental benefits positions them as a preferred choice, contributing to
the market's growth.
The Global Acrylic
Polymers and Acrylic Co-Polymers Market is segmented into type, application,
region and company
Based on type, Sodium
Polyacrylate is experiencing rapid growth in the Global Acrylic Polymers and
Acrylic Co-Polymers Market due to its unique properties and expanding
applications. It is known for its remarkable water-absorbent capabilities,
making it a crucial component in products like diapers, adult incontinence
products, and agricultural soil conditioners. As the demand for efficient
moisture management solutions grows, particularly in hygiene and agriculture
sectors, Sodium Polyacrylate's role becomes increasingly prominent. Its
versatility and ability to enhance product performance in a variety of
applications position it as the fastest-growing segment in the acrylic polymers
market, catering to the evolving needs of diverse industries.
Based on region,
The Asia Pacific region is experiencing the fastest growth in the Global
Acrylic Polymers and Acrylic Co-Polymers Market due to a confluence of factors.
Rapid industrialization and urbanization in countries like China and India are
driving demand for construction, automotive, and consumer goods, all of which
heavily rely on acrylic-based materials. Additionally, the region's commitment
to environmental sustainability is boosting the use of low-VOC and eco-friendly
acrylic formulations, aligning with stringent regulations. The booming
population and rising disposable incomes are further fueling the demand for
products where acrylic polymers are integral, making Asia Pacific a high-growth
market for these versatile materials.
Major companies
operating in Global Acrylic Polymers and Acrylic Co-Polymers Market
are:
- BASF SE
- The Dow Chemicals Company
- Arkema SA
- Lubrizol Corporation
- Sumitomo Seika Chemicals Co. Ltd
- Anhui Newman Fine Chemicals Co., Ltd.
- Weifang Ruiguang Chemical Co., Ltd.
- Maxwell Additives Pvt. Ltd.
- Ashland Global Specialty Chemicals Inc.
- Gellner Industrial, LLC
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“The future of
the global Acrylic Polymers and Acrylic Co-Polymers Market appears promising,
driven by increasing demand across diverse industries such as paints and
coatings, adhesives, textiles, and construction. These versatile polymers offer
desirable properties like durability, UV resistance, and adhesion, making them
indispensable in various applications. With ongoing research and development
efforts, we can expect advancements in polymer formulations, leading to
eco-friendly, high-performance products. Additionally, the growing emphasis on
sustainability and environmental regulations will likely stimulate the
development of bio-based acrylic polymers. This market's future holds
opportunities for innovation, sustainability, and continued growth, particularly
as industries seek efficient and sustainable materials,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Acrylic Polymers and Acrylic Co-Polymers
Market By Type (Polymethyl
Methacrylate, Sodium Polyacrylate, Polyvinyl Acetate, Polyacrylamide, Others),
By Application (Paints & Coatings, Cosmetics, Cleaning, Dentistry, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Acrylic Polymers and
Acrylic Co-Polymers 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
Polymers and Acrylic Co-Polymers Market.
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