New York, NY, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Acrylic Emulsions Market by Type (Pure Acrylic, Polymer & Copolymer) and by Application (Paper Coating, Construction Additives, Paints & Coatings, Adhesives & Sealant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global acrylic emulsion market was valued at USD 6.3 billion in 2017 and is expected to reach USD 10.72 billion by the end of 2024, growing at a CAGR of 7.9% between 2018 and 2024.
Acrylic resins are clusters of thermoplastic elements obtained from methacrylic acid and acrylic acid, among other related composites. Acrylic polymers are commonly called acrylics, and acrylic emulsions are also being recognized as most durable for exterior uses. Acrylic emulsions are being progressively utilized in building materials, industrial coatings, painting and commercial applications in the construction and automotive industries. Both water-based and solvent-based emulsions are being used across varied applications.
Browse through 60 Tables & 31 Figures spread over 110 Pages and in-depth TOC on “Global Acrylic Emulsions Market: Industry Type, Size, Share, Trends and Forecast 2017 – 2024”.
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Acrylic emulsions are versatile, flexible, and have low volatile emissions. These properties make them suitable for building, paints, and textile sectors. The increasing demand for paints and coatings applications for acrylic emulsions expected to drive the growth of the acrylic emulsions market globally. Strong growth from the paint and coatings industry across the globe is further expected to be the prime driver for the expansion of the acrylic emulsions market.
Higher raw material accessibility is further expected to fuel this market’s growth. The high raw material prices, the shift within the application market from developed to emerging countries, and increasing cost of production might hamper the growth of this market in the forecast years. Manufacturing companies are focusing on making innovative products that are likely to open new opportunities for the acrylic emulsions market.
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By type, the acrylic emulsions market includes pure acrylic and polymer and copolymer. The polymer and copolymer segment is anticipated to grow at the highest CAGR in the upcoming years. Polymer and copolymer acrylic emulsions are more preferable in the manufacturing of water-based and solvent-based emulsions for varied applications. In 2017, the polymer and copolymer segment type accounted for more than half of the total share in the acrylic emulsions market. The paint and coatings segment held the largest application share of the market in 2017. It accounted for more than 27%of the market share in 2017, as the acrylic emulsions have different mechanical properties, such as high durability and weathering resistance. Furthermore, increasing demand for acrylic emulsions the paper industry is expected to propel this market’s growth in the upcoming years.
In 2017, North America held the largest share in the acrylic emulsions market and accounted for more than 37% of the total market share. Region-wise, the U.S and Canada are the major markets for the acrylic emulsions in this region. This regional growth is primarily due to the rising demand for acrylic emulsions’ usage in coating applications, especially for interior and furniture coatings. Additionally, the renovation and reconstruction elements are further propelling the demand for acrylic emulsions market. In addition to this, various government policies are also expected to support the varied uses of acrylic emulsions. These are some important factors that are expected to drive market growth in North America.
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The European region was the second largest market for acrylic emulsions and held around 27% share in 2017. Moreover, paper coatings, personal care, adhesives, and textile industries are developing at an above-average growth rate, which is increasing the use of acrylic emulsions in the region. In Europe, the existence of several automotive manufacturers along with stringent regulations implemented by REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) is further expected to boost the overall demand for acrylic emulsions.
In 2017, Asia Pacific held 18% market share and is anticipated to witness the highest growth rate in the forecast timeframe. Furthermore, the growing industrialization and urbanization in China and India are further expected to fuel the market’s overall profit margin over the upcoming years. The growth of the acrylic emulsions can also is attributed to the increasing demand for paints and coatings and adhesives and sealants.
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In Latin America, the acrylic emulsions market is anticipated to register a moderate CAGR during the forecast timeframe. This regional market is majorly driven by strict government regulations regarding emissions. In Brazil, the government has partnered with EPA, which has resulted in escalating the regulations on environmental degradation, thus, resulting in the production of low VOC paints. Growing population, rising disposable income, and an increasing number of residential houses along with rapid urbanization in Brazil and Colombia are also driving the demand for acrylic emulsions in this region.
The Middle East and Africa region are predicted to experience an upright rate of growth in the acrylic emulsions market in the forecast timeframe, owing to the huge investments made by international companies for acrylic emulsions projects in this region. This, in turn, is projected to fuel this market’s growth over the next few years.
Some major players of the global acrylic emulsions market are Ashland, Synthomer Plc., H.B. Fuller, Celanese Corporation, Lubrizol Corporation, The Dow Chemical Company, BASF SE, Astra Chem Tech Private Limited, and Kamsons Chemical Pvt. Ltd., among others.
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This report segments the global acrylic emulsions market as follows:
Global Acrylic Emulsions Market: TypeAnalysis
- Pure Acrylic
- Polymer & Copolymer
Global Acrylic Emulsions Market: Application Analysis
- Paper Coating
- Construction Additives
- Paints & Coatings
- Adhesives & Sealant
- Others
Global Acrylic Emulsions Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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