Europe Acrylic Polymer and Acrylic Co-Polymers Market to Grow with a CAGR of 5.17 % through 2028
Rising demand from paint & coatings and cosmetic sector
are the major driver of the Europe Acrylic Polymer and Acrylic Co-Polymers
Market in the forecast period 2024-2028
According to TechSci Research report, “Europe Acrylic
Polymer and Acrylic Co-Polymers Market - By Region, Competition, Forecast and
Opportunities, 2018-2028”, Europe Acrylic Polymer and Acrylic Co-Polymers
Market Size is USD 344.82 million in 2022 and is anticipated to increase at a
CAGR of 5.17% through 2028. Acrylic polymers and acrylic co-polymers represent
a versatile category of synthetic polymers extensively utilized across diverse
industries. These compounds are synthesized from acrylic acid or its
derivatives and are highly esteemed for their exceptional attributes, including
remarkable transparency, high tensile strength, and exceptional resistance to
weathering. The exceptional transparency of acrylic polymers positions them as
a preferred choice in applications where optical clarity is paramount. Notably,
they play a pivotal role in the manufacturing of optical lenses, architectural
glazing, and signage. Their transparent nature ensures unobstructed vision
through lenses and contributes to the well-lit and aesthetically pleasing
appearance of architectural structures. Another noteworthy characteristic of
acrylic polymers is their high tensile strength, endowing them with the
capacity to withstand mechanical stress akin to glass, albeit with improved
safety characteristics. This feature renders acrylic polymers as a safer
alternative in settings where the risk of breakage or shattering is a primary
concern. As an illustration, acrylic polymers find extensive usage in the
construction of protective barriers, such as bulletproof windows and safety
shields.
Additionally, acrylic polymers exhibit exceptional
resistance to weathering, an essential quality for applications exposed to
outdoor conditions. These materials display UV stability and are capable of
retaining their color and transparency even when subjected to harsh sunlight.
Such resilience makes acrylic polymers particularly suited for outdoor uses
like architectural glazing, where they provide protective qualities against
environmental elements while preserving their visual appeal. Acrylic
co-polymers, conversely, result from the polymerization of acrylic monomers
alongside other monomers, amalgamating properties from different polymer types.
Through this blending process, manufacturers can tailor the characteristics of
acrylic co-polymers to match the specific requirements of a multitude of
industries. For example, by adjusting the combination of monomers, they can
modulate the co-polymer's flexibility, adhesion, and impact resistance to align
with the needs of diverse applications.
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Additionally, a noteworthy attribute of acrylic
polymers and co-polymers lies in their exceptional resistance to adverse
weather conditions, rendering them highly suitable for applications exposed to
the elements. These materials demonstrate UV stability, enabling them to endure
prolonged exposure to sunlight without experiencing color fading or
deterioration. Consequently, acrylic-based coatings have gained significant
popularity in architectural coatings, where the provision of long-lasting
protection against weather-induced wear and tear is of paramount importance.
Moreover, acrylic-based coatings are characterized by rapid drying capabilities
and minimal odor emissions. These characteristics hold particular appeal for
interior applications like wall paints. Their swift drying properties reduce
the waiting time between successive coats, promoting more efficient painting
processes. Simultaneously, the low odor emissions ensure that indoor
environments maintain a comfortable and odor-free atmosphere, eliminating the
potent chemical odors often associated with paint applications.
The Europe 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 5.63% during
the forecast period 2024-2028. Polymethyl
Methacrylate (PMMA), often referred to as acrylic or plexiglass, provides a
wide range of advantages across diverse industries. Its exceptional optical
clarity, high transparency, and light-transmitting capabilities make it a
preferred choice for applications where excellent visibility is essential,
including optical lenses, architectural glazing, and signage. PMMA boasts
remarkable impact resistance and durability, on par with glass, making it a
safer alternative in environments where the risk of breakage exists.
Additionally, its ease of fabrication using techniques such as moulding and
extrusion, combined with its lightweight properties, opens up versatile design
possibilities. PMMA exhibits weather resistance, UV stability, and the ability
to maintain its colour and transparency over time, rendering it suitable for
outdoor use. Its biocompatibility has found valuable applications in medical
devices and dental prosthetics. PMMA's electrical insulating characteristics
and resistance to various chemicals expand its utility in the electronics
industry, while its thermal stability enables its use in high-temperature
applications. In summary, PMMA offers a multitude of benefits, including
optical excellence, safety, versatility, longevity, and adaptability,
positioning it as a top-choice material in a wide array of industries.
Based on the application, the paint & coating
segment is expected to register the fastest growth of 4.99% during the forecast
period, 2024-2028. Acrylic polymers and acrylic co-polymers play a crucial role
in the paint and coating industry, offering a diverse range of properties and
advantages. These versatile materials are extensively employed as binders and
resins in paint formulations, significantly enhancing the overall performance
and durability of coatings. A key benefit is their exceptional adhesion to
various surfaces, encompassing metal, concrete, wood, and plastics, ensuring a
secure bond that resists peeling or chipping over time. Additionally, acrylic
polymers and co-polymers exhibit remarkable weather resistance, UV stability,
and color retention, rendering them particularly well-suited for outdoor
applications. Whether used in architectural coatings to safeguard structures
from the elements or in automotive coatings to deliver a glossy, long-lasting
finish, acrylic-based paints and coatings offer superior protection and
aesthetic appeal.
Moreover, acrylics are renowned for their rapid drying
and low-odor characteristics, making them ideal for interior applications like
wall paints. They also demonstrate compatibility with a wide array of additives
and pigments, granting manufacturers the flexibility to tailor coatings to
precise requirements, such as fire resistance, antimicrobial properties, or
high-gloss finishes. In the continually evolving paint and coating industry,
acrylic polymers and co-polymers continue to spearhead innovation, contributing
to the creation of eco-friendly, low-VOC (volatile organic compounds) coatings
that adhere to stringent environmental regulations. Their versatility,
durability, and adaptability ensure that acrylic-based paints and coatings will
remain indispensable in a diverse range of applications.
Based on country, France States will
witness largest growth during the forecast period, 2024-2028. The demand for
acrylic polymers and acrylic co-polymers in France has witnessed substantial
growth in recent years. These versatile materials find extensive applications
across various industries, ranging from paints and coatings to automotive and
construction. In the paint and coating sector, acrylic polymers serve as
essential binders and resins, offering excellent adhesion properties to diverse
surfaces, exceptional weather resistance, and UV stability. With a growing
emphasis on environmentally friendly products and compliance with low-VOC
(volatile organic compounds) regulations, the demand for eco-friendly
acrylic-based coatings has surged. In the automotive industry, acrylic polymers
are employed in various components, including coatings for exterior surfaces
and adhesives for interior applications. The lightweight nature of
acrylic-based composites aligns with the industry's pursuit of fuel-efficient
and sustainable vehicles. Additionally, in the construction sector, these
materials play a vital role in architectural coatings that protect buildings
from harsh weather conditions, ensuring longevity and aesthetics. France's
commitment to sustainable and innovative construction practices further fuels
the demand for acrylic polymers.
Furthermore, acrylic co-polymers are
gaining prominence for their adaptability to diverse industry needs. Their
incorporation in textiles has led to the development of fabrics with enhanced
properties like moisture-wicking and stain resistance. As the French market
continues to prioritize sustainability, the demand for bio-based and
eco-friendly acrylic materials is also expected to grow. Overall, the
versatility, durability, and environmental compatibility of acrylic polymers
and co-polymers make them essential elements in France's industrial landscape.
Major companies operating in Europe Acrylic Polymer
and Acrylic Co-Polymers Market are:
- BASF SE
- Arkema S.A.
- Nouryon Chemicals Holding B.V.
- Synthomer (UK) Limited
- MCP Europe GmbH
- CH-Polymers Oy
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“The march of technology has ushered in a new era of
high-performance acrylic resins, enriched with enhanced characteristics. These
resins now serve as indispensable assets in applications demanding
extraordinary longevity, robust UV radiation resistance, and imperviousness to
chemical agents. Diverse industries, including aerospace, marine, and
electronics, are reaping the rewards of these pioneering innovations. Acrylic
resins have assumed pivotal roles in aircraft coatings, marine coatings, and
the encapsulation of electronic devices, assuring enduring protection and
top-tier performance, even when faced with the harshest of conditions.
Additionally, sustainability takes center stage in shaping the acrylic polymer
and co-polymers market. Manufacturers are placing ever-growing importance on
producing acrylic materials that are not only environmentally friendly but also
bio-based. Bio-acrylics, sourced from renewable raw materials like corn or
sugarcane, are swiftly gaining recognition as sustainable alternatives.
Furthermore, the feasibility of recycling acrylic materials is on the rise,
leading to reduced waste generation and a diminished environmental footprint.
This unwavering commitment to sustainability is in harmony with the global
trend toward eco-conscious and environmentally responsible product choices creates
a lucrative opportunity in the market growth,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Europe 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 Europe 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 Europe Acrylic Polymer and
Acrylic Co-Polymers Market.
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