Acrylic Emulsions Market size is forecast to reach $8.65 billion by 2025, after growing at a CAGR of 8.96% during 2020-2025. With rise in the consumption acrylic paints which form a water-resistant film after drying are driving the market demand for Acrylic Emulsion Market. Growing Paints and coatings application has dominated the market, owing to the developments in the construction industry this will grow the market demand for Acrylic Emulsions during the forecast period.
- Asia-Pacific dominates the Acrylic Emulsions market owing to increasing demand from applications of paints and coatings industries.
- The growing infrastructure, is likely to aid in the market growth of Acrylic Emulsions
- Implementation of stringent government regulations related to Construction or infrastructure will increase the market demand for Acrylic Emulsions in the near future.
- Rising cost of production are expected to hinder the growth of the market will create hurdles for the Acrylic Emulsions market.
Type – Segment Analysis
Polymer & Co-polymer segment holds the largest share in the Acrylic Emulsions market. This is due to the wide usage of these emulsions in the manufacture of water-based coatings for architectural paints & coating applications, and solvent-based emulsions for industrial coatings. An Emulsion is the suspension of tiny solids in a liquid. Milk is an example of an emulsion, and most solids, if made small enough, will tend to remain in suspension. A polymer is a larger molecule made of smaller and simpler chemical units most often arranged in a chainlike formation. A polymer emulsion is the suspension of polymers in a liquid. As the liquid evaporates, the suspended polymer solids come closer together until they touch and combine to form larger chains and eventually a film. A paint can be made by pigmenting a polymer emulsion. The type of polymer used determines the type of paint or medium acrylic polymers for acrylic paints and vinyl polymers for vinyl paints.
Application – Segment Analysis
Paints & Coatings sector has been the primary market for Acrylic Emulsions. One of the major applications of acrylic emulsions is in making architectural and industrial coatings owing to factors, like low VOC emissions, easy handling, and high performance in water-borne coatings. There has been increasing adoption of water-based paints and coatings in recent years, owing to factors, like high durability, less odor, and low VOC emissions. In the residential coatings sector, water-based paints and coatings account largest percent of total paints. Building and construction sector is expected to witness rapid growth in the upcoming years owing to increment in both public and private investment in the construction sector. Increasing demand for construction of both residential and non-residential building construction is also contributing to the growth of the construction industry. Owing to this the demand for acrylic emulsions market is growing.
Geography – Segment Analysis
APAC dominated the Acrylic Emulsions market with a share of more than xx%, followed by North America and Europe. Increasing demand for building and construction in countries, such as China and India, has resulted in Asia-Pacific’s domination over the global acrylic emulsions market. Both the commercial and residential construction industries are witnessing growth in the APAC countries owing to the increasing investment by both the government and private organizations. Acrylic emulsion is a water dispersion of polymer or co-polymer of acrylonitrile, methacrylic acid, or acrylic acid. Acrylic is used in paints, lamination of paper, cardboard, plastic to cardboard, and films. Acrylic emulsion paints are water-based paints.
Drivers – Acrylic Emulsions Market
- North America a potential Market
Countries such U.S, Canada among others with great economy, there is very high potential in North America for acrylic emulsions market as, In U.S almost every big firm have their headquarters in different cities of the country, with lot of money invested in their infrastructure and still many are looking to open more and more firm in there. So, with the increasing number no of firms the construction market will automatically grow due to the increased demand and as construction market grow, which will favor the market growth of Acrylic Emulsions.
- Implementation of Governments Stringent Regulations
Implementation of stringent government regulations related to Construction or infrastructure will increase the market demand for Acrylic Emulsions in the near future. In India government launches Pradhan Mantri Awas Yojana (Urban) Mission launched on 25th June 2015 which intends to provide housing for all in urban areas by year 2022. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr. As per PMAY(U) guidelines, the size of a house for Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.
Challenges – Acrylic Emulsions Market
- Impact of COVID 19 on the Acrylic Emulsions Market
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Acrylic Emulsions.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Acrylic Emulsions market. In 2019, the market of Acrylic Emulsions has been consolidated by the top five players accounting for xx% of the share. Major players in the Acrylic Emulsions Market are BASF SE, Dow., Arkema Group, Celanese Corporation, DIC CORPORATION, among others.
- In October 2018, Celanese Corporation, a global specialty materials company has signed definitive agreement to acquire India-based Next Polymers Ltd., one of the country’s largest domestic engineering thermoplastics (ETP) compounders.