Acrylates Copolymer Market Overview
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), The market was valued at USD 10 billion in 2021.
Acrylates Copolymer are composed of two or more monomers containing acrylic acid or methacrylic acid or one of their esters. They are known for improved flow, suitability, and reliable nature. Excellent finish, gloss, UV resistance, light weight and transparency are the important trends and factors, which are driving the market positively. Due to these features, they are used in various applications such as cosmetic, chemical, foods & beverages, leather, adhesives, glass, packaging, and others.
As per our Analysis, the Global Acrylates Copolymer Market is bifurcated into application segment. On the basis of application, the market is further sub-divided into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market on account of growing use of Acrylates Polymers in moisturizers, sun & skin protection, hair care products, and shaving creams. The food segment is projected to witness a higher growth in the market due to the growing use of polymers in manufacturing containers to provide temperature resistance and water-proof properties. The growing demand for Acrylates Copolymer in the4 chemical and glass industries is expected to drive the market over the assessment period due to excellent features offered by the product such as weather resistant, impact resistant, easy handling and convenient to use.
The Global Acrylates Copolymer Market Share by Application:
The Global Acrylates Copolymer Market is segregated into five crucial regions of the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, North America holds a major share in the market due to growing demand of Acrylates Copolymer in cosmetic and food & beverages industries. The cosmetic segment holds the majority of the market due to its growing awareness and exceptional features offered by the product such as superior flexibility, easy removal. Owing to these factors, countries such as the U.S., Canada, and Mexico are projected to be the leading players during the forecast period.
The Asia Pacific region is estimated to witness a higher CAGR in the Acrylates Copolymer Market because they are easy to use and produce less waste, which makes them applicable in various applications such as leather, adhesives, glass, textiles sectors. China, Japan and India are the major players in this region due to growing use of polymers in cosmetic and chemical industries. The availability of raw materials has prompted the manufacturers and investors to shift their focus from metals and heavy plastics to lightweight materials in automotive industry.
A notable growth is observed in the European market due to the growing awareness and concern about the health care products. It is estimated that the rising disposable income in the consumer goods segment has propelled the market to witness a rapid growth in the region. Owing to these factors, Germany, the U.K., and Italy are projected to be the major contributors to the market during the forecast period. The Middle East & Africa is predicted to witness a significant growth in the market due to growing use of light weight polymers in oil & gas, and petrochemical industries. Moreover, it is estimated that the growing consumption of polymers in cosmetic and chemicals sectors has propelled the Latin American region, which is likely to witness a rapid growth in the market during the forecast period.
The Global Acrylates Copolymer Market is segmented into application. On the basis of the application, the market is further categorized into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market owing to growing use of Acrylates polymers in skin care products. The food & beverages are encouraging the manufacturers to use Acrylates Copolymer for the production of bottles and containers to provide waterproof and temperature resistant properties. Moreover, the chemical segment is predicted to witness a rapid growth in the market owing to an increased use of acrylic Copolymer in manufacturing paints and coating. The glass segment is fueled by the growing use of Acrylates Copolymer in designing windows, skylights, and others. Moreover, the textile segment has been driven by the growing use of polymers in producing the sponge fill used in padded jackets.
June 2021 - Melville, NY-based, ELC Management LLC, has patented a transfer-resistant, single-phase, aqueous configuration consisting of 20% to 30% of acrylates/VA copolymer; 0.5% to 2.5% of Acrylates copolymer with the acrylates/VA copolymer to the acrylates copolymer ratio lies within the range of 16:1 to 20:1; no more than 0.5% of polyurethane; no more than 0.25% of clay particles; no more than 3% of surfactants and emulsifiers; no more than 4% glycol; no more than 0.5% of hydrophobic oils or waxes; 40% to 65% of Water; and up to 20% of pigments.
December 2021- the Bureau of Indian Standard (BIS) announced a levy on such norms on some monomers after the submission of quality implementation over major polymers for over six months. In two distinct orders issued this month, the BIS has requested manufacturers of vinyl acetate, ethyl acrylate, and methyl acrylate monomers to accept the standard mark under a license from the Bureau. The BIS has decided to certify and enforce these articles and goods. The government has been taking these steps to produce a standard quality finished product and trying to regulate raw materials of several chemicals and petrochemicals products, generating from the domestic or international producers.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
|Market Size||2030: Significant value|
|CAGR||2022–2030: Substantial CAGR|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|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||
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.