Acrylates Copolymer Market Research Report - Forecast to 2030

Acrylates Copolymer Market Information by Application (Cosmetic, Chemical, Foods & Beverages, Leather, Adhesives, Glass, Textiles and Others) & Forecast till 2030

ID: MRFR/CnM/0246-HCR | February 2023 | Region: Global | 138 Pages         

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Acrylates Copolymer Market

Acrylate Copolymer Market is projected to be worth USD 14.35 Billion by 2030, registering a CAGR of 11.50% during the forecast period (2021 - 2030)

Segmentation
By Application Cosmetic Chemical Foods & Beverages Leather Adhesives Glass Textiles Others
Key Players
Companies Profiled   The Lubrizol Corporation (the U.S.)   Georgia-Pacific Chemicals LLC(U.S.)   Exxon Mobil Corporation( the U.S.)   H.B. Fuller Company   INEOS( the U.K.)
Drivers
Market Driving Forces   The growing demand for Acrylates Copolymer in the4 chemical and glass industries is expected to drive the market
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Acrylates Copolymer Market Overview


According to the latest research report, the global Acrylate Copolymer Market size is expected to reach a USD 14.35 Billion by 2030, growing at a compound annual growth rate of a CAGR of 11.50% throughout forecasting 2021 - 2030. In 2021, the market was estimated to be valued at USD 10 billion.


There are two or more components in Acrylates Copolymer, each of which contains several of the following: acrylic acid, methacrylic acid, or its ester derivatives. They have been praised for their enhanced flow, adaptability, and dependability. UV protection, compact size, and clarity are some of the most prominent trends and elements propelling the industry in a good direction. Many industries, including cosmetics, chemicals, food and drinks, and leather, employ them due to these characteristics.


Because acrylic emulsions have improved features such as rapid drying times, wear and water-resistant, environmentally friendly nature, resistance to fungus, roughness and wash-ability, they have become more prevalent in the paint and varnishes industry. Personal grooming goods and cosmetics are growing, helping the acrylate market develop since acrylate copolymer is frequently employed in these items as water-resistant polymer films. Several causes, including the following, are driving acrylate's demand.This report contains all the information on the global Acrylate Copolymer Market analysis and the market strengths. In addition, the report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global Acrylate Copolymer Market forecast for 2030 is also included.


Covid 19 Analysis


Many nations' legislative limits on the acrylate copolymer market value significantly impact its functioning. An outbreak of an infectious disease, known as Covid-19, put an enormous strain on the acrylate market's manufacturing and distribution capabilities. As a result of the limitations on covid-19, commerce between countries and states, imports and exports were halted, further impacting the acrylate sector. A rise in both production and sales of acrylates, on the other hand, is expected by the end of 2021.


Market Dynamic


Drivers


Over the next few years, the acrylate copolymer market growth is anticipated to be propelled forward by factors such as the expanding use of acrylate in the spraying graffiti industry and the growing preference from the packaging sector. In addition, there is a significant demand for activities related to the alteration of infrastructure, and growing wages, in general, are anticipated to provide the industry a boost in the future years.


Opportunities


In addition, expansion in the automotive sector and rising consumer demand for products that can be used in water-based emulsions are predicted to be the market's primary development drivers over the period mentioned above. In addition, bio-based acrylic acid is beginning to be commercialized, which opens up new opportunities for the Acrylate Copolymer industry.


Restraints


Several obstacles and problems must be overcome, both of which have the potential to impede the market's expansion. Acrylic is linked to many environmental and human health risks, which are expected to function as market restrictions.


Challenges


Using acrylates may have a variety of adverse effects on human health. The acrylate market is dealing with a significant problem right now. Adhesives, such as acrylates, have been deemed harmful to human health by the International Agency for Research on Cancer and the Environmental Protection Agency. Acrylates may cause cancer in humans, according to this group. Exposure to acrylates has been linked to many health problems, including skin responses, throat irritation irritations, cancer, developmental disorders, neurological impairment, cell damage, and reproductive effects. Health-related concerns constitute a significant threat to the acrylate industry.


Cumulative Growth Analysis


Patented in June 2021, ELC Management LLC's single-phase water configuration is comprised of 20percentage to 30percentage acrylics/VA copolymer; 0.5-2.5-percent Acrylates copolymer; and no more than 0.25-percent clay particles; no more than 3% of surfactants; and no more than 0.25 percent of polyurethane. 


December 2021-the Bureau of Indian Standards issued a levy of these rules after approving a long way to ensure critical polymers for over six months. The Bureau of International Standards (BIS) has issued two separate orders this month requesting that makers of ethyl acrylate, vinyl acetate, and methyl acrylate monomers adopt the standardized trademark under a licensing from the Bureau of International Standards. These products and services have been certified and enforced by the BIS. The administration has been doing this to ensure a standard of completed quality and control the raw materials used in various substances and petrochemical products produced by local and foreign companies.


Value Chain Analysis


According to the reports, the global Acrylates copolymer market is segmented based on applications and regions. It is possible to separate the Worldwide Acrylates Copolymer Market outlook by application. Cosmetics, textiles, chemicals, leather, foods and drinks, adhesives, glass, and other products are only a few of the many applications for which the market is segmented. These include Acrylates Polymers, which are increasingly used in moisturizing goods like lotions or sunscreens, hair products, and skincare products. There will be a greater need for polymers in food packaging due to their ability to withstand high temperatures and keep food safe from contamination. Acrylates Copolymer is predicted to increase in the chemicals and glass sectors throughout the forecast period because of its weather-resistant, impact-resistant, easy-to-handle, and handy properties.


Since consumers are becoming more aware of cosmetics, they are more likely to purchase them, resulting in a larger market share for cosmetics. In light of these circumstances, nations such as Canada, the United States, and Mexico are expected to be significant participants in the future.


The Global Acrylates Copolymer Market Share by Application:Acrylates Copolymer Market


Segmentation Overview


The market is segmented on applications and regions. As a result, global Acrylates copolymer market trends are expected to witness decent growth during the forecast period.


By Application


The market is segmented into Cosmetics, textiles, chemicals, leather, foods and drinks, adhesives, glass, and other products.


By end-users


The market is segmented into Textile Industry, Paints and Coatings, Electrical and Electronics, Building and Construction, Automotive Industry, and Others based on the pro Acrylate Copolymer Market size to reach USD 14.35 Billion at a CAGR of 11.50% in 2030, acrylate copolymer industry analysis by Application & end use pulsion types.


Regional Analysis


The Acrylates Copolymer Market is segmented into five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominates the market for Acrylates Copolymer because of increasing demands in the cosmetics and food & beverage sectors.


As a result of rising concern about physical looks and cleanliness, Asia-Pacific consumers are increasingly turning to hygiene products, including skin and hair care. Adhesives and sealants, paints and varnishes, and other goods are becoming more popular because of the increasing use of acrylates. In 2020, the Asia-Pacific region owned the highest acrylate copolymer market share, accounting for 42% of the total.


According to estimates, the market for consumer items has been spurred to observe a significant expansion in the area due to increased levels of discretionary income among consumers. Due to advancing knowledge and concern about health care items, the European market is seeing significant expansion. For this reason, we expect the need to be dominated by Germany, Britain, and Italy throughout the projection period.


Competitive landscape


Some of the essential tactics that companies in the acrylate copolymer market value have recently used include expanding their production capacities, facilities, alliances and collaborations, investments, and mergers and acquisitions.


Major Key Players



  • Arkema (France),

  • Celanese Corporation (the U.S),

  • ACURO ORGANICS LIMITED( India),

  • OMNOVA Solutions Inc (the U.S),

  • The Dow Chemical Company( the U.S.),

  • The Lubrizol Corporation (the U.S.),

  • Georgia-Pacific Chemicals LLC(the U.S.), 

  • Exxon Mobil Corporation( the U.S.),

  • H.B. Fuller Company, and

  • INEOS( the U.K.) among others


Report Overview


The following report comprises of –



  •         Market Overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape


Recent Developments


March 2021: BASF is creating new acquisitions with top companies. Due to new acquisitions, the product line of the company is growing. The new capacity of this company in many regions will contribute to more supply. Especially, the company is expanding its horizons in Asia pacific and European markets. December 2021: The Asia Pacific market is witnessing new governmental policies that support the production of Acrylates copolymer. Due to governmental initiatives, the quality of these products is expected to grow more. both the domestic and international manufacturers in the market will benefit from this development.

Segmentation


By Type:

  • Organic

  • Inorganic


By Application:

  • Paints & Coatings

  • Personal Care

  • Adhesives & Sealants

  • Pharmaceuticals

  • Homecare & Industrial Cleaning

  • Construction

  • Pulp & Paper

  • Minerals

  • Others


By RegionNorth America

  • U.S

  • Canada


Europe

  • Germany

  • France

  • Italy

  • U.K

  • Spain

  • Russia

  • Rest of Europe


APAC

  • China

  • Japan

  • South Korea

  • India

  • Australia

  • South East Asia

  • Rest of Asia Pacific


Latin America

  • Brazil

  • Mexico


Middle East And Africa

  • Saudi Arab

  • South Africa

  • UAE



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 14.35 Billion
  CAGR   11.50% (2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED( India), OMNOVA Solutions Inc (the U.S), The Dow Chemical Company( the U.S.), The Lubrizol Corporation (the U.S.), Georgia-Pacific Chemicals LLC(the U.S.), Exxon Mobil Corporation( the U.S.), H.B. Fuller Company, and INEOS( the U.K.)
  Key Market Opportunities

  • Improved flow
  • Suitability
  • Reliable Nature
  •   Key Market Drivers

  • Moisturizers
  • Sun & Skin Protection
  • Hair care products
  • Shaving creams


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    Frequently Asked Questions (FAQ) :

    North America will dominate the global acrylate copolymer market.

    The Asia Pacific acrylate copolymer market will be the fastest-growing.

    The applications included in the acrylate copolymer market are chemical, foods & beverages, leather, cosmetic, glass, textiles, adhesives, and others.

    Acrylate copolymer market players are OMNOVA Solutions Inc (the U.S), The Dow Chemical Company (the U.S.), Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED( India), Georgia-Pacific Chemicals LLC(the U.S.), The Lubrizol Corporation (the U.S.), H.B. Fuller Company, Exxon Mobil Corporation (the U.S.), and INEOS (the U.K.)

    The cosmetics section is leading the acrylate copolymer market.