Acrylates Copolymer Market Scope: Growth, Share, Value, Insights, and Trends
Acrylates Copolymer Market Scope: Growth, Share, Value, Insights, and Trends
Blog Article
The Acrylates Copolymer Market encompasses the production and application of acrylates copolymers, which are widely used as film formers, adhesives, and binders in various industries, including cosmetics, personal care, coatings, adhesives, and textiles. These copolymers are valued for their versatility, flexibility, and excellent resistance to moisture, UV light, and chemicals, making them ideal for applications in hair styling products, sunscreens, nail polishes, paints, and coatings.
The global acrylates copolymer market, valued at USD 6.90 billion in 2023, is expected to grow from USD 7.69 billion in 2024 to USD 16.51 billion by 2032, with a compound annual growth rate (CAGR) of 10.02% over the forecast period. The market’s growth is largely driven by increasing demand from the construction and infrastructure sectors, particularly in emerging economies. As urbanization and industrialization expand rapidly in nations like China and India, acrylates copolymers are becoming essential in applications like paints, coatings, adhesives, and sealants. Furthermore, the shift towards sustainable and eco-friendly materials is creating opportunities for the development of bio-based acrylates copolymers.
Key Market Trends
- Construction and Infrastructure Growth: The accelerated pace of industrialization and infrastructure projects in emerging markets is significantly boosting the demand for acrylates copolymers. As building projects and infrastructure developments increase, the demand for high-performance materials for protective and decorative purposes in the construction sector rises. This sector is seeing extensive usage of acrylate-based products due to their durability and cost-effectiveness.
- Rise of Eco-Friendly Alternatives: Consumer demand for sustainable products has led companies to invest in eco-friendly alternatives. For example, companies like Nippon Shokubai and Riken have developed high-performance polymers from biomass resources. Research into bio-based acrylates copolymers provides opportunities for companies aiming to meet environmental standards and gain a competitive advantage in the market.
- Increased Demand in Cosmetics and Adhesives: Acrylate copolymers are widely used in cosmetics for their unique properties, such as mattifying effects and a soft, velvet-like feel. The adhesive industry also increasingly prefers water-based acrylate copolymers over solvent-based alternatives due to lower volatile organic compound (VOC) emissions, especially in packaging applications.
Market Dynamics
- Adhesives Lead in Applications: The adhesive segment, accounting for 35% of the acrylates copolymer market, is a major growth driver due to its essential role in packaging. Acrylic emulsion adhesives are highly favored in this sector for their strong adhesion, cohesion, and water resistance.
- Building and Construction as Dominant End-User: The construction sector represents the largest end-user segment for acrylates copolymers, generating 60.3% of the market’s revenue in 2023. The sector’s demand for adhesives and sealants, particularly for use in structural applications, is a key contributor to market growth.
Regional Insights
- Asia-Pacific: Leading the market, the Asia-Pacific region shows robust growth due to high demand for acrylates in paints, coatings, adhesives, and personal care items. China, Japan, and India are key players in this region, driven by a rising focus on personal care and grooming products alongside increased infrastructure projects.
- North America: North America accounts for the second-largest market share, with strong demand from industries such as packaging, automotive, and personal care. The region’s innovation-focused infrastructure and a large end-use sector base contribute to its market position.
- Europe: Expected to grow at the highest CAGR from 2023 to 2032, Europe’s market is bolstered by stringent environmental regulations, a focus on R&D, and significant presence of the automotive sector. Key countries like Germany and the UK are driving demand for environmentally friendly solutions.
Key Market Players In Acrylates Copolymer Companies are
- Arkema (France)
- Celanese Corporation (U.S.)
- ACURO ORGANICS LIMITED (India)
- OMNOVA Solutions Inc (U.S.)
- The Dow Chemical Company (U.S.)
- The Lubrizol Corporation (U.S.)
- Georgia-Pacific Chemicals LLC (U.S.)
- Exxon Mobil Corporation (U.S.)
- INEOS (UK)
Key Industry Developments
- Acquisition Activity: Borealis announced in November 2023 that it had acquired DuPont's 67% stake in the Speciality Polymers Antwerp joint venture. This acquisition aligns with Borealis’s strategy to expand its polyolefin business in key market areas.
- Expansion Initiatives: Companies like BASF are expanding their production facilities, particularly in the Asia-Pacific and European regions, to meet rising demand.
Market Segmentation
- Application: Cosmetics, Textiles, Chemical, Leather, Foods & Beverages, Adhesives, Glass, Others.
- End-User: Textile Industry, Paints & Coatings, Electrical & Electronics, Building & Construction, Automotive Industry, Others.
- Region: North America (U.S., copyright), Europe (Germany, France, UK, etc.), Asia-Pacific (China, Japan, India, etc.), Rest of the World.
The acrylates copolymer market is positioned for strong growth due to increasing industrialization, rising demand in emerging economies, and the ongoing shift toward sustainable, high-performance materials across key industries.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com Report this page