Press Release

Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market to Grow with a CAGR of 5.65 % through 2028

Rising demand from dentistry and water treatment sector are the major driver of the Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market in the forecast period 2024-2028

 

According to TechSci Research report, “Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market - By Region, Competition, Forecast and Opportunities, 2018-2028”, Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market Size is USD 548.32 million in 2022 and is anticipated to increase at a CAGR of 5.65% through 2028. Acrylic polymers and acrylic co-polymers represent a versatile class of synthetic polymers with widespread applications across various industries. These compounds are synthesized from acrylic acid or its derivatives and are highly regarded for their exceptional qualities, including outstanding transparency, high tensile strength, and excellent resistance to weathering. The remarkable transparency of acrylic polymers positions them as the preferred choice for applications where optical clarity is paramount. Notably, they play a pivotal role in the production of optical lenses, architectural glazing, and signage, ensuring unobstructed vision and enhancing the aesthetic appeal of architectural structures. Another notable attribute of acrylic polymers is their high tensile strength, enabling them to withstand mechanical stress similar to glass, albeit with improved safety features. This characteristic makes acrylic polymers a safer alternative in situations where the risk of breakage or shattering is a primary concern, such as in the construction of protective barriers like bulletproof windows and safety shields.

Furthermore, acrylic polymers exhibit exceptional resistance to weathering, a critical quality for applications exposed to outdoor conditions. These materials demonstrate UV stability and can maintain their color and transparency even when exposed to harsh sunlight. This resilience makes acrylic polymers particularly suitable for outdoor uses like architectural glazing, providing protective properties against environmental elements while preserving their visual appeal. In contrast, acrylic co-polymers result from the polymerization of acrylic monomers alongside other monomers, combining properties from different polymer types. Through this blending process, manufacturers can customize the characteristics of acrylic co-polymers to meet the specific requirements of a wide range of industries. For instance, by adjusting the monomer combination, they can fine-tune the co-polymer's flexibility, adhesion, and impact resistance to align with the diverse needs of various applications.

 

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Furthermore, a noteworthy attribute of acrylic polymers and co-polymers is their exceptional resistance to adverse weather conditions, making them highly suitable for applications exposed to outdoor elements. These materials exhibit UV stability, allowing them to withstand prolonged exposure to sunlight without experiencing color fading or deterioration. As a result, acrylic-based coatings have gained significant popularity in the field of architectural coatings, where the provision of long-lasting protection against weather-induced wear and tear is of paramount importance. Additionally, acrylic-based coatings are characterized by their rapid drying capabilities and minimal odor emissions. These characteristics are particularly appealing for interior applications such as wall paints. Their quick drying properties reduce the waiting time between successive coats, promoting more efficient painting processes. At the same time, the low odor emissions ensure that indoor environments maintain a comfortable and odor-free atmosphere, eliminating the strong chemical odors often associated with paint applications. This combination of fast drying and low odor makes acrylic-based coatings a preferred choice for interior spaces, enhancing the overall painting experience and minimizing disruptions.

The Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market is segmented into type, application, country distribution, and company Based on the type, the polymethyl methacrylate segment is expected to register the fastest growth of 5.54% during the forecast period 2024-2028. Polymethyl Methacrylate (PMMA), commonly known as acrylic or plexiglass, presents a wide range of advantages across diverse industries. Its outstanding optical clarity, high transparency, and light-transmitting properties make it a preferred option for applications where exceptional visibility is crucial, such as optical lenses, architectural glazing, and signage. PMMA also possesses impressive impact resistance and durability, comparable to glass, making it a safer alternative in environments where breakage risk is a concern. Moreover, its ease of fabrication through techniques like molding and extrusion, combined with its lightweight characteristics, opens up versatile design possibilities. PMMA demonstrates weather resistance, UV stability, and the ability to maintain its color and transparency over time, making it suitable for outdoor use. Its biocompatibility has valuable applications in the medical field, particularly in medical devices and dental prosthetics. PMMA's electrical insulating properties and resistance to various chemicals expand its utility in the electronics industry, while its thermal stability allows for use in high-temperature applications.

Based on the application, the paint & coating segment is expected to register the fastest growth of 5.47% during the forecast period, 2024-2028. Acrylic polymers and acrylic co-polymers play a pivotal role in the paint and coating sector, offering a wide array of properties and advantages. These versatile materials are extensively utilized as binders and resins in paint formulations, significantly enhancing the overall performance and longevity of coatings. A notable advantage is their exceptional adhesion to various surfaces, including metal, concrete, wood, and plastics, ensuring a secure bond that withstands peeling or chipping over time. Furthermore, acrylic polymers and co-polymers exhibit impressive weather resistance, UV stability, and color retention, making them particularly well-suited for outdoor applications. Whether applied in architectural coatings to protect structures from the elements or in automotive coatings to provide a glossy, long-lasting finish, acrylic-based paints and coatings deliver superior protection and aesthetic appeal.

Additionally, acrylics are renowned for their quick drying and low-odor characteristics, making them ideal for interior applications such as wall paints. They also demonstrate compatibility with a wide range of additives and pigments, giving manufacturers the flexibility to tailor coatings to precise requirements, such as fire resistance, antimicrobial properties, or high-gloss finishes. In the constantly evolving paint and coating industry, acrylic polymers and co-polymers continue to drive innovation, contributing to the development of environmentally friendly, low-VOC (volatile organic compounds) coatings that comply with stringent environmental regulations. Their versatility, durability, and adaptability ensure that acrylic-based paints and coatings will remain essential in a diverse range of applications. Based on country, China States will witness largest growth during the forecast period, 2024-2028. The demand for acrylic polymers and acrylic co-polymers in China has experienced a substantial uptick in recent years, reflecting the country's robust growth across various industries. China's booming construction sector has been a significant driver of this demand, with acrylic polymers finding extensive use in architectural coatings and paints. The exceptional adhesion properties, durability, and weather resistance of acrylic-based coatings make them ideal for protecting buildings and infrastructure from China's diverse climatic conditions.

Moreover, the automotive industry in China has witnessed rapid expansion, with acrylic polymers playing a crucial role in automotive coatings, adhesives, and interior components. Acrylic-based materials are preferred for their lightweight characteristics, durability, and glossy finishes, aligning perfectly with the automotive sector's pursuit of fuel efficiency and aesthetic appeal. Another notable factor contributing to the demand for acrylic polymers is the growth of the electronics industry. Acrylics are highly regarded for their electrical insulating properties and resistance to various chemicals, making them indispensable in electronic device encapsulation and protection. Furthermore, the push for sustainability and the need for environmentally friendly coatings have led to an increased adoption of water-based acrylics in China, driven by stringent environmental regulations. This shift aligns with global trends toward eco-conscious products and bodes well for the continued growth of acrylic polymers and co-polymers in the market.

 

Major companies operating in Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market are:

  • Sumitomo Seika Chemicals Co Ltd
  • Anhui Newman Fine Chemicals Co., Ltd.
  • Weifang Ruiguang Chemical Co., Ltd
  • Maxwell Additives Private Limited
  • Anshika Polysurf Limited
  • KAMSONS Chemicals Pvt. Ltd.

 

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“Acrylic polymers find extensive use in architectural coatings and paints, offering superior adhesion, weather resistance, and durability, which are essential qualities for structures exposed to diverse environmental conditions. Additionally, acrylic co-polymers, created by blending acrylic monomers with other monomers, offer tailored properties for various industries, allowing manufacturers to meet precise requirements creates a lucrative opportunity in the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market, By Type (Polymethyl Methacrylate, Sodium Polyacrylate, Polyvinyl Acetate, Polyacrylamide, Others), By Application (Paints & Coatings, Cosmetics, Cleaning, Dentistry, Others), By Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Asia-Pacific Acrylic Polymer 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 Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market.


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