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)
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.
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.
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.
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.
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:
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.
The market is segmented into Cosmetics, textiles, chemicals, leather, foods and drinks, adhesives, glass, and other products.
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.
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.
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
The following report comprises of –
|Market Size||2030: USD 14.35 Billion|
|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||
|Key Market Drivers||
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.