Chicago, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The Acrylic Emulsion Market is projected to reach USD 16.6 billion by 2028, at a CAGR of 7.6% from USD 11.5 billion in 2023, as per the recent study by MarketsandMarkets™. The growing automotive industry in Asia Pacific, coupled with increasing growth in emerging markets, will contribute to the rapid growth in the demand for acrylic emulsion.
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Browse in-depth TOC on "Acrylic Emulsion Market”
110 - Market Data Tables
60 - Figures
180 - Pages
List of Key Players in Acrylic Emulsion Market:
- BASF SE (Germany)
- Dow Inc. (US)
- Arkema S.A. (France)
- Synthomer PLC (UK)
- Celanese Corporation (US)
- Avery Dennison (US)
- Covestro AG (Germany)
- DIC Group (Japan)
- Henkel (Germany)
- H.B. Fuller (US)
- Mallard Creek Polymers (US
- Nippon Shokubai Co., Ltd. (Japan)
- The Lubrizol Corporation (US)
Drivers, Opportunities and Challenges in Acrylic Emulsion Market:
- Drivers: Growing automotive industry in Asia Pacific
- Restraint: Substitution of acrylic emulsions by polyurethane dispersion especially in coating application
- Challenges: in raw material cost
- Opportunity: Emerging trend towards water-based emulsion
Key Findings of the Study:
- Paints & coatings segment is projected to grow at fastest CAGR, in terms of value, during the forecast period
- Polymer & co-polymer is projected to be the fastest growing type in the acrylic emulsion market, in terms of value
- Asia Pacific is expected to be the fastest growing market for acrylic emulsion during the forecast period, in terms of value and volume
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Based on type, the acrylic emulsion market has been segmented into pure acrylic emulsions, and polymer & co-polymer acrylic emulsion. Pure acrylic emulsions are advanced water-based formulations that find extensive use across industries due to their exceptional performance characteristics and environmental benefits. These emulsions offer high durability, UV resistance, adhesion, and color retention properties. The versatility of pure acrylic emulsions allows customization to suit specific application needs, ensuring superior quality finishes, enhanced product lifespan, and improved overall sustainability.
Based on application, the acrylic emulsion market has been segmented into paints & coatings, adhesives & sealants, construction additives, paper coating and others. Acrylic emulsions serve as versatile solutions in various domains: elevating paint and coating durability and color vibrancy, empowering adhesives and sealants with robust bonding, enhancing construction additives for flexibility and strength, and refining paper coatings for a smooth finish and excellent print quality.
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Asia Pacific is the fastest-growing market for acrylic emulsion. This growth is mainly attributed to the rapidly increasing industrialization & urbanization, which drives the demand for acrylic emulsion in booming economies in China, and India. The region's large population coupled with a growing middle class and increasing disposable income boosts the demand .Low labor costs and easy raw material availability attract manufacturers to cater to the local emerging markets better.
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