New York, NY -- (SBWire) -- 10/14/2021 --Acrylic Polymer Emulsion market size is forecast to reach US$18.1 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. The emulsion polymerization process is opted for developing acrylic polymer emulsions. The acrylic polymer droplets are combined in water and then polymerized to obtain acrylic polymer emulsions. These emulsions are versatile due to the acrylic esters functionality. The acrylic polymer emulsions are used for waterproofing, printing inks, polymer coatings, and other applications. Acrylic Polymer Emulsion finds its application in many end-use industries such as build & construction, automotive, paper & packaging, and textile due to its low volatile emission compound (VOCs) emission and excellent durability properties. The growing consumer awareness regarding water-based paints/waterborne coatings is one of the primary factors expected to propel the market growth during the forecast period. The growing packaging industry along with the increasing adoption of acrylic polymer emulsions among packaging companies are also boosting the market growth. However, the fluctuating raw material prices and stringent environmental regulations are likely to hamper the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is impacting different industries, one of the few industries that were largely hit to some extent was the coating industry. Due to the Covid-19, the construction and textile industries are impacted very badly that further impacted the acrylic coating industry. The slow down in residential constructions due to lack of raw material supplies, and workforce are impacting the market negatively. The textile industry is also registered low revenue during the pandemic, which in turn drive less demand for printing ink or emulsion paints. According to the data published by the Ministry of Textiles, it is estimated that the Indian textile industry revenues have dropped by 28%-30% during the pandemic period. However, the construction, textile, and packaging companies resumed their operation in 2021, which may positively impact the market.
Acrylic Polymer Emulsion Market Segment Analysis: By Application
The coatings segment accounted for the largest share of more than 30% in the acrylic polymer emulsion market in 2020 and is estimated to grow at a significant rate during the forecast period. The acrylic polymer emulsions are widely preferred for architecture coatings. Acrylic polymer emulsions paint have a low impact on the environment and effective compared to other coatings and emulsions. Emulsion paints and coating are water-based paints used for both internal and external surfaces of the buildings. The growing demand for water-based paints & coatings and the development of low VOC paints & coatings are also driving the market growth during the forecast period.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19703
Report Price: $ 4500 (Single User License)
Acrylic Polymer Emulsion Market Segment Analysis: By End-Use Industry
The building & construction segment accounted for the largest market share of more than 25% of the market in 2020 and is estimated to grow significantly during the forecast period. The rapid growth in construction activities in emerging economies is driving the market growth. These emulsions are used as flexible waterproofing coatings on roofs, toilets, water tanks, and swimming pools. Acrylic polymers are used in rehabilitation projects for crack repairing. The increasing house renovation activities in both developing and developed nations are also positively impacting the market during the forecast period. High durability nature and excellent water resistance drive the product demand among the end-use industries.
Acrylic Polymer Emulsion Market Segment Analysis - By Geography
Asia Pacific region held the largest share of more than 35% in the acrylic polymer emulsion market in 2020, owing to the rapid growth in the infrastructural activities and growing demand for waterproofing, waterborne coating, and printing ink across the region. The growing construction of residential houses along with increasing consumer spending on waterproof emulsions are some of the positively driving factors. The growing paper & packaging industry in emerging economies such as China, India, and South Korea is boosting regional growth. The Asia Pacific region is leading textile manufacturing. According to the Eurostat analysis, approximately 75% of U.S. apparel imports are from Asian countries. The Europe region accounted for the second-largest share in the Acrylic Polymer Emulsion market. The presence of developed nations such as Germany, the UK, France, and Spain are driving the market growth. The growing demand for environment-friendly emulsion paint due to stringent environmental regulations in Europe further contributes to the growth of this market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=19703
Acrylic Polymer Emulsion Market Drivers
Growing demand for water-based coatings
The growing demand for eco-friendly coatings and paintings among emerging economies is driving the market growth. Water-based coatings have a low impact on the environment and effective compared to other types. Water-based coatings are the commonly used type among end-users due to their sustainable nature and excellent durability. Water-based emulsion polymers are safe and have less environmental impact compared to solvent-based polymers. Water-based emulsion finds its applications in interior and exterior architectures, adhesives, and textile industries. According to the Paint Quality Institute, water-based paints occupy about 80 percent of household paints sold in the USA. Water-based coatings are processed and manufactured by green technology. Green technology processing is eco-friendly in nature and meets safety regulations proposed by various government bodies.
Growing demand from various end-use industries
Acrylic polymer emulsions find their application in various end-use industries such as construction & buildings, automotive, textile, paper & packaging, and others. Synthetic polymer emulsion releases less VOC emission compared to other emulsions available in the market. They act as a protective waterproof layer in both interior and exterior of buildings. The paper & packaging industry uses different types of synthetic emulsion polymers for papermaking and coating operations. These coatings help to extend shelf life paper and also protect and increase aesthetic value. The rapid change in lifestyle and growing demand for packaged food are positively impacting the market. The increased penetration of smartphone and internet usage is also driving the market for the packaging industry. Acrylic polymers emulsions are also preferred in the textile industry due to their excellent adhesive property. They are used for non-woven fabrics, flannelette blankets, and laminations. According to Euratex, the European textile & clothing sector includes 160,000 small & micro textile companies and generated a turnover of Euro 162 billion during 2019-2020.
Acrylic Polymer Emulsion Market Challenges:
Volatile raw material cost
The fluctuating in raw material, prices are one of the major factors restraining the market. The change in price trends of raw materials and frequent change in currency rates are also challenging the market. The changing oil prices also impact the raw material prices globally. Oil prices play a key role in the transportation of raw materials globally. Crude oil derivatives are used as raw materials in the paints and coatings industry. In the coating industry, approximately 60 to 70 percent of the raw materials are based on petrochemicals derivatives. The cost of raw material prices is the top concern for chemical manufacturers. The changes in the supply chain ecosystem are also challenging the market growth.
Acrylic Polymer Emulsion Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Acrylic Polymer Emulsion market. Major players in the BASF, Celanese Corporation, Kamsons Chemicals Pvt. Ltd, Pexi Chem Private Limited, StanChem, Inc., Arkema, The Dow Chemical Company, Asian Paints Ltd., The Lubrizol Corporation, Xyntra Chemicals B.V. Asahi Kasei, Mallard Creek Polymers, and others.
Acquisitions/Technology Launches
In March 2021, BASF started its new production line for acrylic dispersions in Pasir Gudang, Malaysia. The new production line is engaged in the manufacturing of next-generation Acronal ECO product ranges.
In February 2021, Arkema launched its new product ENCOR® 2793 functionalized pure acrylic binder for multiple substrate primers and renovation paints. The product has an excellent adhesion profile on wood, concrete, ceramic, plastics, and many others. The product is used in a broad range of applications such as wall paints, renovation paints, and wood lacquers.
In June 2020, Celanese Corporation signed a distribution agreement with Megafarma (Azelis company), to supply emulsion polymers products (Resyn®, EcoVAE®, Tufcor®, Celvolit®, and Vinac) in Mexico city. This agreement would help Celanses company to expand its operations in Mexico.
Key Takeaways
The Asia Pacific region will dominate the market and is expected to register the highest CAGR of 9.1% during the forecast period (2021-2026). The rapid expansion of building & construction, textile, and packaging sectors are boosting regional growth.
The growing demand for water-based paint emulsions along with the adoption of environmentally sustainable formulations among end-users are positively impacting the market growth during the forecast period.
The advantages of acrylic polymer emulsions paint such as quick-drying, easy applications, and excellent durability are driving the market growth.
However, the high price of acrylic polymer emulsions compared to conventional emulsions is hampering the market growth.
Related Reports
A. Polymer Emulsion Market
https://www.industryarc.com/Report/16137/polymer-emulsion-market.html
B. Conductive Polymers Market
https://www.industryarc.com/Report/15567/conductive-polymers-market.html
For more Chemicals and Materials Market reports, please click here
About IndustryARC
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
Acrylic Polymer Emulsion Market Size Forecast to Reach $18.1 Billion by 2026
Growing Demand for Water-based Paint Emulsions Along With the Adoption of Environmentally Sustainable Formulations Among End-users Are Positively Impacting the Market Growth During the Forecast Period.