|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD 10.85
billion
|
|
CAGR
(2024-2029)
|
6.23%
|
|
Fastest
Growing Segment
|
Polymer
& Copolymer
|
|
Largest
Market
|
Asia
Pacific
|
|
Market
Size (2029)
|
USD
15.42 billion
|
Market Overview
Global Acrylic Emulsions Market was valued at USD10.85
billion in 2023 and is anticipated to project robust growth in the forecast
period with a CAGR of 6.23% through 2029. Acrylic emulsion belongs to the group
of polymer emulsions. These emulsions are composed of acrylic paints that form
a water-resistant film after drying. They are added to paints as
an additive to enhance properties such as abrasion resistance, resistance to
fungi and algae, and washability. Pure acrylic emulsion appears in a cloudy,
highly concentrated form and should be measured in this original state.
Water-based acrylic polymer emulsions can be created using various monomers
such as methyl methacrylate, butyl acrylate, 2-Ethylhexyl acrylate, acrylic
acid, and methyl acrylate.
By carefully selecting the monomers, polymers with
specific properties suitable for a wide range of applications can be tailored.
The excellent adhesive and waterproofing qualities of acrylic emulsion make it
useful in the textile industry for lamination, non-woven materials, and
flannelette blankets. In civil engineering, it can be utilized for items like
cement mortar, caulk, and elastic cement, while water-based paints find
application as surface coatings for both indoor and outdoor use.
Dilution of the emulsion can lead to changes in
particle formation, stability, and droplet size. Particle size, concentration,
and distribution are important factors that impact the functionality and
workability of the emulsion. Acrylic emulsions with fine particles have a
larger surface area, resulting in stronger interactions with thickeners.
Particle size also affects the viscosity of the emulsion, with larger particles
yielding lower viscosity and smaller particles yielding higher viscosity.
Acrylic paints are available in gloss or matte finishes and find common use in
techniques like grattage, where they can be easily peeled from the surface.
Depending on the amount of water added and the use of gels, mediums, or pastes,
finished acrylic paintings can resemble watercolor, oil paintings, or gouache.
Acrylic paint finds application in various industries such as Paints &
Coatings, Sealants & Adhesives, Construction Additives, Paper Coating, and
Cosmetics.
The growth of the Global Acrylic Emulsions Market
is primarily driven by the increasing construction industry and the
corresponding rise in infrastructure development. Acrylic waterproofing
polymers are used in the manufacturing of various coatings. These coatings,
made with acrylic polymers, are commonly employed for waterproofing roofs,
toilets, water tanks, and swimming pools. The polymer used is typically a
hybrid system of modified acrylic. These waterproofing polymers
are utilized for crack patching in rehabilitation operations. For instance, Thurs SA-50 Acrylic Waterproofing Polymer Binder SA-50, which
is a water-based styrene-acrylic emulsion polymer used in paints. It exhibits
good adherence on cement-plastered surfaces and previously painted surfaces.
The advantages of emulsion paints, such as quick drying, easy
application, and low cost, are boosting the consumption of acrylic emulsions.
Acrylic emulsions are characterized by
high adhesion force, high drying velocity, excellent fixation, glossy
transparent film, and excellent machinability, which make acrylic emulsion
paint suitable for a wide range of applications. Thus, the extensive
applications of acrylic emulsions in industries such as Paints & Coatings,
Sealants & Adhesives, Construction Additives, Paper Coating, and Cosmetics
are fueling the demand for the Global Acrylic Emulsions Market. The increasing infrastructure development in emerging countries and the growth
of the construction and manufacturing industry are propelling the expansion of
the Global Acrylic Emulsions Market.
Key Market Drivers
Growing Demand of Acrylic Emulsions in Paints &
Coatings Industry
Acrylic emulsions deliver excellent
performance properties that contribute to the enhanced longevity of coatings.
With good durability, color retention, and resistance to UV degradation,
acrylic emulsions ensure that coatings maintain their quality over time.
These emulsions exhibit superior adhesion to various substrates,
making them ideal for use on concrete, wood, metal, and plastic surfaces. These
properties meet the stringent requirements of end-users, driving the demand for
acrylic emulsions.
The global paints and coatings industry is
witnessing an increasing shift towards sustainable and environmentally friendly
solutions. As concerns regarding volatile organic compounds (VOCs) and other
harmful emissions rise, acrylic emulsions provide a viable alternative.
Compared to solvent-based systems, acrylic emulsions have a lower VOC content,
significantly reducing emissions and minimizing their environmental impact.
Regulatory frameworks implemented by
governments worldwide, such as the European Union's REACH regulation and the
U.S. Environmental Protection Agency's VOC regulations, have encouraged the
adoption of low-VOC or VOC-free coatings. Acrylic emulsions, with their low VOC
content and environmentally friendly nature, align well with these regulations,
driving their demand in the paints and coatings industry.
Consumer preferences and aesthetics also play a
crucial role in driving the demand for acrylic emulsions. As consumers
increasingly seek visually appealing and sustainable products, acrylic
emulsion-based coatings offer a wide range of color options, gloss levels, and
decorative finishes. The compatibility of acrylic emulsions with pigments
allows for vibrant and long-lasting colors that enhance the aesthetics of
painted surfaces.
Acrylic emulsions enable the formulation
of coatings with different sheen levels, from high gloss to matte, catering to
diverse design preferences. The ability to achieve various decorative effects,
such as metallic finishes or textures, has also contributed to the growing
popularity of acrylic emulsion-based coatings among consumers.
Innovation and research and development (R&D)
efforts remain fundamental drivers of the global acrylic emulsions market.
Manufacturers continuously invest in R&D to develop new formulations,
improve performance characteristics, and explore novel applications for acrylic
emulsions. This focus on innovation allows for the development of advanced
acrylic emulsion technologies that meet evolving industry needs and customer
demands.
R&D activities also contribute to enhancing the
sustainability profile of acrylic emulsions by developing eco-friendly
alternatives, improving production processes, and reducing waste generation.
These continuous innovations drive the adoption of acrylic emulsions in the
paints and coatings industry and further bolster market growth.
Growing Demand of Acrylic Emulsions in Automotive
Industry
Automotive coatings demand exceptional performance
characteristics to withstand the harshest environmental conditions, including
prolonged exposure to UV radiation and mechanical stress. In this regard,
acrylic emulsions emerge as a standout choice, offering outstanding durability,
exceptional weather resistance, and remarkable color retention properties.
These qualities make acrylic emulsions an ideal solution for automotive
applications, ensuring long-lasting and high-quality coatings on various substrates
such as metal, plastic, and composites.
Beyond their durability, acrylic emulsions exhibit
superior flexibility, enabling the coatings to endure temperature variations,
vibrations, and impacts. This resilience plays a crucial role in safeguarding
the vehicle's surface from scratches, chips, and corrosion, ultimately
contributing to an extended lifespan and enhanced aesthetics.
Acrylic emulsion-based coatings actively
contribute to the ongoing lightweighting efforts in the automotive industry. By
utilizing lightweight materials in vehicle designs, manufacturers aim to reduce
overall vehicle weight and enhance fuel efficiency. Acrylic emulsions
facilitate the production of coatings that provide excellent coverage even with
thinner film thicknesses, resulting in a lighter coating system overall.
The use of acrylic emulsions in automotive coatings
aligns with the industry's goals of achieving fuel efficiency standards and
reducing carbon emissions. By adopting lightweight coatings, vehicles can
achieve improved fuel economy without compromising performance or appearance.
Acrylic emulsion-based coatings allow for various decorative effects, including
metallic finishes, pearlescent effects, and custom designs, catering to the
ever-evolving demands of customers seeking unique and personalized vehicles. As the automotive industry places an increasingly
strong emphasis on sustainability and reducing its environmental impact,
acrylic emulsions prove to be a fitting choice. Compared to solvent-based
coatings, acrylic emulsions have lower volatile organic compound (VOC) content,
leading to reduced VOC emissions and improved air quality.
Download Free Sample Report
Key Market Challenges
Variation in Prices of Raw Materials
Raw materials play a crucial role in the production
of acrylic emulsions. These emulsions are widely used in various industries,
including paints, adhesives, textiles, and coatings. Key raw materials such as
monomers, solvents, and additives are essential components that determine the
quality and performance of acrylic emulsion-based products.
The availability and pricing of these raw
materials are subject to various factors that can lead to fluctuations in their
prices. Supply and demand dynamics, geopolitical tensions, natural disasters,
and changes in global economic conditions are some of the factors that can
impact the raw material prices. These price fluctuations directly impact the
overall production costs of acrylic emulsions.
When the prices of raw materials increase,
manufacturers face higher production costs, which may eventually lead to an
increase in the final product prices. This can pose challenges for
manufacturers in terms of maintaining competitive pricing and profitability.
They need to carefully manage their cost structures and seek ways to optimize
their production processes to mitigate the impact of rising raw material
prices.
The unpredictability of raw material
prices makes it difficult for manufacturers to plan and forecast their
production costs accurately. Rapid price fluctuations can disrupt supply chains
and affect long-term business strategies. Manufacturers may have to constantly
adjust their procurement strategies, negotiate with suppliers, or seek
alternative raw materials to mitigate the impact of price variations.
The global COVID-19 pandemic has further
exacerbated the challenge of raw material price fluctuations. The disruption in
global supply chains, reduced production capacities, and increased demand
volatility have all contributed to supply shortages and price spikes for
various raw materials. Manufacturers in the acrylic emulsions market are facing
additional uncertainties and complexities in maintaining a stable cost
structure.
In order to navigate these challenges,
manufacturers need to stay informed about the market dynamics, closely monitor
raw material prices, and establish strong relationships with suppliers. They
may also explore options such as local sourcing, diversifying their raw
material suppliers, or investing in research and development to find
alternative materials or processes that can help mitigate the impact of price
fluctuations..
Key Market Trends
Growing Use of Acrylic Emulsions in Textile
Industry
Acrylic emulsions offer exceptional versatility and
performance when used in textile coatings. These emulsions, which consist of
acrylic polymers dispersed in water, can be formulated to provide specific
functionalities, such as water repellency, stain resistance, flame retardancy,
and antimicrobial properties. By incorporating acrylic emulsions into textile
coatings, manufacturers can not only enhance the durability, functionality, and
aesthetics of fabrics but also meet the evolving demands of various industries.
The use of acrylic emulsions in textile coatings
enables the production of high-quality fabrics that are not only resistant to
wear, tearing, and fading but also exhibit superior performance
characteristics. These emulsions provide excellent adhesion to a wide range of
textile substrates, including natural fibers like cotton and synthetic fibers
like polyester. This versatility allows acrylic emulsion-based textile coatings
to meet the diverse needs of industries such as apparel, home textiles, and
technical textiles.
In addition to textile coatings, acrylic emulsions
have found application in textile printing and dyeing processes. These
emulsions can act as binders, providing excellent color fastness and durability
to printed or dyed fabrics. The use of acrylic emulsions as binders in printing
pastes or dyeing baths enhances the adhesion of dyes to the fabric, resulting
in vibrant and long-lasting colors. Acrylic emulsions offer
advantages such as improved color consistency, reduced bleeding, and enhanced print
definition, contributing to better printing and dyeing efficiency.
The exceptional versatility,
performance, and eco-friendly nature of acrylic emulsions make them a preferred
choice for textile coatings, printing, and dyeing processes. With their ability
to enhance fabric durability, functionality, and aesthetics while meeting
sustainability goals, acrylic emulsion-based solutions are driving innovation
in the textile industry.
Segmental Insights
Type Insights
Based on the category of type, the polymer & copolymer emerged as the fastest growing segment in the global market for acrylic emulsions in 2023. This is due to the wide usage of these emulsions in the
manufacture of water-based coatings for architectural paints and coating
applications, as well as solvent-based emulsions for industrial coatings. An
emulsion is a colloidal suspension of tiny solid particles in a liquid medium.
It is similar to the concept of milk, where the fat globules are suspended in
water. Most solids, when finely divided, tend to remain in suspension in a
liquid due to the balance of forces acting on them.
A polymer, on the other hand, is a larger molecule
made up of smaller and simpler chemical units, often arranged in a chain-like
formation. Polymer emulsions are essentially the suspension of these polymer
chains in a liquid medium. When the liquid medium evaporates, the suspended
polymer solids come closer together, gradually forming larger chains and
eventually a continuous film.
The versatility of emulsions extends to the field
of paint production, where a paint can be formulated by pigmenting a polymer
emulsion. The specific type of polymer used in the emulsion determines the
characteristics and properties of the final paint or medium. For instance,
acrylic polymers are commonly used in the production of acrylic paints, while
vinyl polymers find their application in vinyl paints.
By understanding the complex interplay between
emulsions, polymers, and paint formulation, manufacturers can create coatings
that exhibit desired performance attributes, such as durability, adhesion, and
color stability.
Application Insights
The paints & coatings segment is projected to
experience rapid growth during the forecast period. In the residential coatings sector, water-based
paints and coatings hold the largest percentage of the total paints market.
This trend is expected to continue as the building and construction sector
experiences rapid growth. Both public and private investments in the
construction industry are on the rise, leading to a surge in demand. The
construction industry is witnessing an increasing demand for the construction
of both residential and non-residential buildings, further fueling its growth.
As a result, the market for acrylic emulsions is
experiencing a substantial increase in demand. The unique properties of these
emulsions make them the preferred choice for various coatings applications in
the architectural and industrial sectors, driving the growth of the acrylic
emulsions market.
Download Free Sample Report
Regional Insights
Asia Pacific emerged as the dominant player in the Global Acrylic Emulsions Market in 2023, holding the largest market share in terms of value. The increasing demand for building and construction in countries like China and India has led to the domination of the Asia-Pacific region in the global acrylic emulsions market. This can be attributed to the significant growth in both the commercial and residential construction industries in APAC, driven by increased investments from both government and private organizations. Acrylic emulsion, a water dispersion of polymer or co-polymer of acrylonitrile, methacrylic acid, or acrylic acid, finds wide applications in paints, lamination of paper, cardboard, plastic to cardboard, and films. Acrylic emulsion paints, being water-based, offer numerous advantages in terms of ease of use and environmental friendliness. With their versatility and durability, acrylic emulsion paints have become a popular choice in the construction industry.
Recent Developments
- In
2023, EPS - Engineered Polymer Solutions launched EPS 2585, a high-solids
waterborne acrylic emulsion that provided the capability to formulate
direct-to-metal applications at <100g/L VOC. EPS 2585 was recommended for
high-performance general industrial and railcar coatings with excellent
hardness, block resistance, and early water resistance. This introduction
marked a significant milestone in the industry, offering manufacturers an
advanced solution to meet stringent environmental regulations while maintaining
exceptional performance standards. EPS 2585's innovative formulation positioned
it as a leading choice for industrial coatings, reflecting EPS's commitment to
delivering cutting-edge solutions tailored to the evolving needs of the market.
Key Market Players
- BASF SE
- Synthomer
Plc.
- The Dow
Chemical Company
- Celanese
Corporation
- Lubrizol
Corporation
- 3M Co.
- Arkema SA
- DIC
Corporation
- Pexi Chem
Private Limited
- Gellner
Industrial LLC
|
By Type
|
By
Application
|
By Region
|
- Polymer
& Copolymer
- Pure Acrylic
|
- Paints &
Coatings
- Adhesives
& Sealants
- Construction
Additives
- Paper
Coatings
- Others
|
- North
America
- Europe
- Asia Pacific
- South
America
- Middle East
& Africa
|
Report Scope:
In this report, the Global Acrylic Emulsions Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Global Acrylic Emulsions Market, By Type:
o Polymer & Copolymer
o Pure Acrylic
· Global Acrylic
Emulsions Market, By
Application:
o Paints & Coatings
o Adhesives & Sealants
o Construction Additives
o Paper Coatings
o Others
- Global Acrylic Emulsions Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global
Acrylic Emulsions Market.
Available Customizations:
Global Acrylic Emulsions Market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Acrylic Emulsions Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]