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.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Asia-Pacific Acrylic Polymer and Acrylic Co-Polymers Market”
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.
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“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.
Contact
Techsci
Research LLC
420 Lexington
Avenue, Suite 300, New York, United States- 10170
M:
+13322586602
Email: [email protected]
Website: https://www.techsciresearch.com