Press Release

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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