Acrylates copolymer companies are integral to the chemical and polymer industries, focusing on the production and supply of versatile acrylate copolymer compounds. These companies cater to diverse sectors, including adhesives, coatings, and personal care products, offering innovative solutions that enhance material properties and performance across various applications.
Acrylates copolymers, the versatile building blocks of diverse applications, find their way into paints, coatings, adhesives, and construction materials. This robust market, projected to reach a staggering arena where manufacturers vie for a share of the polymer pie. Let's explore the strategies, factors, and developments shaping this dynamic realm.
Strategies Shaping the Copolymer Landscape:
Factors Dictating Market Share:
Key Players:
Recent Developments:
Acrylates Copolymer Market Size was valued at USD 6.2 Billion in 2022. The acrylates copolymer industry is projected to grow from USD 6.9 Billion in 2023 to USD 16.51 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2023 - 2032). This market is expanding due to expanding infrastructure and building projects as well as rising demand from emerging economies, which are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for acrylates copolymer is driven by the quick industrialization and urbanization occurring in important nations like China and India. The building and construction sector needs high-performance materials for protective and ornamental purposes. For use in architecture and construction, acrylate-based systems such as paint, coatings, adhesives, and sealants must exhibit exceptionally consistent quality and performance while also being economical. As a result, the building and construction sector is seeing an increase in demand for acrylate-based systems.
Additionally, market companies have attractive opportunities due to research and development initiatives to create eco-friendly and bio-based acrylates copolymers. Businesses that invest in cutting-edge technologies can gain a competitive edge as consumer demand for sustainable and environmentally friendly products increases. Nippon Shokubai and Riken have created high-performance polymers and an effective polymerization system using rarely polymerizable monomers from biomass resources. This work was completed in May 2020.
Acrylate copolymers are widely used in the cosmetic industry as beads, non-porous beads, thickeners, etc., because of their mattifying, soft, ball-bearing, velvet-like characteristics. Water-based emulsion adhesive is significantly more in demand than solvent-based glue because of its decreased release of volatile organic compounds. As a result, acrylate copolymer is frequently used.
The acrylates copolymer market has numerous prospects for expansion due to emerging economies' quick industrialization and urbanization. The growing infrastructure construction and the expanding automotive and electronics industries are anticipated to fuel the market expansion. For instance, Governmental policies favor manufacturing Acrylates copolymers recently introduced in the Asia Pacific market. The quality of these products is anticipated to increase because of governmental initiatives. This advancement will benefit domestic and foreign manufacturers in the market. Thus, driving the acrylates copolymer market revenue.
The acrylates copolymer market segmentation, based on application, includes cosmetics, chemicals, foods & beverages, leather, adhesives, glass, textile, and others. The adhesives segment dominated the market, accounting for 35% of market revenue (2.17 Billion). Due to the widespread usage of adhesives and sealants in the packaging sector, the growth of the acrylate market is also fueled by the expansion of the packaging sector. Adhesives and sealants are manufactured using acrylates. The packaging industry prefers acrylic emulsion adhesives because of their high solids content, strong adhesion and cohesion, and great water resistance.
The acrylates copolymer market segmentation, based on end-user, includes the textile industry, paints-coatings, electrical and electronics, building and construction, automotive industry and others. The building and construction category generated the most income (60.3%). The need for acrylate in the building and construction sector is being driven by the use of numerous products, including adhesives and sealants. Therefore, a major factor in the rise in demand for the acrylate market is the expansion of construction activities worldwide.
Figure 1: Acrylates Copolymer Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific acrylates copolymer market will dominate this market due to the rising use of acrylates in paints, coatings, adhesives, and other related products. The demand for personal care items, including skin care and hair care products, is also rising in Asia due to rising awareness and attention about physical appearances and body upkeep.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ACRYLATES COPOLYMER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America's acrylates copolymer market accounts for the second-largest market share due to the significant presence of important end-use sectors like packaging, automotive, and personal care, and the North American area dominates the market for acrylates copolymers. The area is distinguished by a concentration on innovation and a well-developed technology infrastructure. Further, the US acrylates copolymer market held the largest market share, and the Canada acrylates copolymer market was the fastest-growing market in the European region.
The Europe acrylates copolymer market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the region's concentration of key automakers, active R&D programs, and strict environmental regulations. This area's Market expansion is driven by consumer demand for environmentally friendly and sustainable goods. Moreover, the German Acrylates copolymer market held the largest market share, and the UK Acrylates copolymer market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the acrylates copolymer market, grow even more. Additionally, market participants are engaging in a variety of strategic initiatives to increase their worldwide reach, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The acrylates copolymer industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the acrylates copolymer industry to benefit clients and increase the market sector. In recent years, the acrylates copolymer industry has offered some of the most significant advantages. Major players in the acrylates copolymer market, including 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.)
Many different chemicals are produced and sold by Arkema SA. The company produces industrial chemicals, performance goods, and useful additives such acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, technical polymers, and specialty chemicals. For instance, The mass balance technique was used by Arkema S.A. to introduce a variety of bio-attributed acrylic monomers in November 2022. It is a crucial step in the company's and its coating solutions segment's path for sustainable development.
The Dow Chemical Company operates as a chemical company. The business produces plastic materials, rubber, agro-science, and specialty chemicals. Dow Chemical provides services to the packaging, construction, food, and personal care industries worldwide. For instance, Two new silicone acrylate copolymers from Dow Corning are easy to develop for color cosmetics and have better durability and attractiveness. The two novel silicone acrylate copolymers are cyclopentasiloxane and Dow Corning FA 4002 ID Silicone Acrylate: Isododecane (and) acrylates/polytrimethylsiloxymethacrylate copolymer.
March 2022: BASF is making new acquisitions with prestigious businesses. The company's product line is expanding as a result of recent acquisitions. This company's expanded capacity in numerous places will help increase supply. The company is particularly broadening its horizons in the European and Asia-Pacific regions.
December 2021: New government initiatives are supporting the manufacturing of Acrylates copolymer in the Asia Pacific market. Governmental actions are expected to increase these products quality. The market's domestic and foreign manufacturers will both profit from this trend.
September 2021: The production of polymers used in paints, packaging, coatings, and construction end markets will be increased at Nouryon's new manufacturing facility in Ningbo, China, to fulfill the region's growing demand for these materials. Nouryon is a pioneer in specialty chemicals globally.
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