Homecare Application to Witness High Demand for Acrylic Polymers and Acrylic Co-Polymers through 2023
Business expansions coupled
with increasing demand from cosmetics, paints & coatings, and water
treatment applications to propel demand for acrylic polymers and acrylic
co-polymers through 2023
According to TechSci Research report, “Global Acrylic Polymers & Acrylic Co-polymers Market By Application,
By Region, By Sales Channel, Competition Forecast & Opportunities,
2013-2023’’, global acrylic polymers
and acrylic co-polymers market
is forecast to reach $ 1.8
billion by 2023. Anticipated growth in the market is led by increasing demand
from various applications industries such as cosmetics in the homecare
application segment, water treatment, paints & coatings, mineral
processing, construction, paper and textiles. Moreover, development of non-ionic
thickeners and non-ionic polyurethane as substitute products is expected to positively
influence the growth of global acrylic polymers and acrylic co-polymers market in
the coming years.
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On the basis of application, the global
acrylic polymers and acrylic co-polymers market is segmented into homecare, water treatment, paper,
mineral processing, construction paints and coatings, textiles, and others.
Homecare, water treatment and paper application segments accounted for over 60%
of the global acrylic polymers and acrylic co-polymers market in 2017. DowDuPont Inc., BASF SE, Nippon
Shokubai Co. Ltd., Celanese Corporation, Mitsubishi Chemical Holdings
Corporation, LG CHEM LTD., Coatex SAS, and Formosa Plastics Group are some of
the leading players operating in global acrylic polymers and acrylic co-polymers
market.
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On the
basis of sales channel, the acrylic polymers and acrylic co-polymers market is categorized
into direct and indirect sales channel. Direct sales are the most preferred
mode of sales for acrylic polymers and acrylic co-polymers, globally. “Rising demand
for biodegradable products coupled with increasing investments in various
end-user industries is likely to augment demand for acrylic polymers and
acrylic co-polymers across the globe in the coming years. Moreover, strong
focus on research and development activities by the leading companies to come
up with zero VOC formulations would further aid the growth of global acrylic
polymers and acrylic co-polymers market during the forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Acrylic Polymers & Acrylic Co-polymers
Market By Application, By Region, By Sales Channel, Competition Forecast &
Opportunities, 2013-2023” has evaluated the future growth potential of acrylic
polymers and acrylic co-polymers market and provides statistics and information
on market size, structure and trends. 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 the global acrylic polymers and acrylic
co-polymers market.
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