Acrylic emulsions are generally UV-stable polymers that can be used to create coatings that range in hardness from very soft and elastic for pressure-sensitive adhesives or roof coating formulations to very hard, scratch- and mar-resistant coatings for concrete or wood floors. Acrylic emulsions must permit regulatory compliance without compromising performance, regardless of their varied applications.
Acrylic emulsions are categorized as polymer emulsions. These are acrylic paints that, once cured, produce a layer that is water-resistant. They are used in paints as addition and varnish to improve abrasion resistance, fungus and algae resistance, and washability. The original state of pure acrylic emulsion is cloudy. Dilution may alter the stability of the emulsion, droplet size, and particle formation. For the emulsion to work well, particle size, concentration, and distribution are the essential components. Acrylic emulsions with finer particles have higher surface area and interact with thickeners more efficiently.
For several end user industries, including the production of paper and printing ink, water borne acrylic emulsions are used to make high performance coatings. Recently, producers have concentrated on delivering more modern formaldehyde-free technologies or self-cross linking for the acrylic emulsions market. They have also focused on the choice of raw materials for the acrylic emulsions.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2022 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion, Kilotons) |
| Segmentation | By Type, By Application, By Region |
| By Type |
|
| By Application |
|
| By Region |
|
Due to increased infrastructure development, the construction industry has been a major factor in the expansion of the acrylic emulsion market. The demand for acrylic emulsion is being driven by elements such residential activity brought on by population growth in China, an increase in infrastructure investment in India, and favorable government regulations in Indonesia. These acrylic polymer coatings are frequently used to waterproof roofs, toilets, water tanks, and swimming pools. Essentially, the polymer is a hybrid system of modified acrylic. These waterproofing polymers are also used in rehabilitation procedures to seal fissures. They have good adhesion, which makes them responsive to cement-plastered surfaces and previously painted surfaces. The popularity of acrylic emulsions is also rising as a result of the benefits of emulsion paints, including their short drying time, ease of application, and low cost. The demand for acrylic emulsions may also increase due to implementation of strict government laws about infrastructure.
Due to its widespread use, the sustainability and environmental effects of acrylic emulsion have been called into doubt. Acrylic emulsions contain VOC(volatile organic compounds)-emitting substances. VOCs are a frequent groundwater pollutant. Inconsiderate industrial practices, particularly those involving paints, chemicals, and metal processing, cause the pollutants to leak into the water. Long-term damage to the ecosystem is caused by VOC-induced water contamination, which is extremely difficult to clean up. These factors are hampering the growth of acrylic emulsions market.
The main market players are spending in R&D, which is the major trend in the market for emulsion additives. These investments are being made to support initiatives and R&D sectors to create cutting-edge goods to satisfy the demand from various end user industries throughout the world. The market for acrylic emulsions will benefit greatly from these opportunities in the coming years. There is a high demand for acrylic emulsions from other end user industries such as furniture, construction, automotive. This demand is expected to drive the market growth in the forecast period.
The COVID-19 outbreak has impacted a number of sectors, and it is anticipated that these sectors will also have an impact on the growth of the acrylic emulsions market throughout the course of the forecast period. The government has implemented stringent laws and restrictions as well as many lockdowns that have slowed down both residential and commercial construction activity as well as the market's need for acrylic emulsions during an outbreak. An enormous output decline during the pandemic had a negative impact on manufacturing and the supply chain. The market for acrylic emulsions was thus significantly impacted by COVID-19. Prices of the raw materials were increased which affected the production. A decline in demand was seen by all the end user industries of acrylic emulsions. Post pandemic the demand for acrylic emulsions has also increased due to rise in construction project and the supply chain is improved for acrylic emulsions.
The acrylic emulsions market is expected to grow at 7.5 % CAGR from 2022 to 2029. It is expected to reach above USD 14.48 billion by 2029 from USD 4.6 billion in 2020.
North America held more than 37% of the acrylic emulsions market revenue share in 2021 and will witness expansion in the forecast period.
Due to increased infrastructure development, the construction industry has been a major factor in the expansion of the acrylic emulsion market. The demand for acrylic emulsion is being driven by elements such residential activity brought on by population growth in different countries.
The acrylic emulsions market key players include Celanese Corporation, Indofil, BASF SE, Dow, The Lubrizol Corporation, H.B. Fuller Company, Synthomer Plc., Pexi Chem Private Limited, Sympatec GmbH, Kamsons Chemicals Pvt. Ltd.
Based on the application, market is sub segmented into Paints and Coatings, Construction Material Additives, Paper Coating, Adhesives. Paints and Coatings sector shares the largest revenue of the acrylic emulsions market. Acrylic emulsions are widely utilized in the creation of architectural and industrial coatings due to attributes including reduced VOC emissions, easy handling, and great performance in water-borne coatings.
North America dominated the acrylic emulsions market in the year 2021. The high amount of money spend on high-quality paints and coatings is one of the factors driving significant growth in the US market. In the worldwide acrylic emulsions market, North America is followed by the Middle East and Africa and Asia Pacific.
The acrylic emulsions market is segmented based on type and application.
Based on the type, market is segmented into pure acrylic emulsions, polymer and co-polymer, styrene acrylic emulsions and vinyl acrylic emulsions. Polymer and co-polymer segment accounted for the largest market share. Due to the fact that these emulsions are frequently employed in the creation of solvent-based emulsions for industrial coatings and water-based emulsions for applications in architectural paints and coatings, the increase is attributable to these factors. Emulsion is the term used to describe the suspension of tiny particles in a liquid.
Based on the application, market is sub segmented into Paints and Coatings, Construction Material Additives, Paper Coating, Adhesives. Paints and Coatings sector shares the largest revenue of the acrylic emulsions market. Acrylic emulsions are widely utilized in the creation of architectural and industrial coatings due to attributes including reduced VOC emissions, easy handling, and great performance in water-borne coatings. Water-based paints and varnishes have gained popularity recently due to qualities including excellent durability, low VOC emissions, and reduced odour. The majority of all paints in the residential coatings market are water-based paints and coatings. A rise in both public and private investment is expected to cause the building and construction sector to expand substantially in the coming years. Building projects, both residential and non-residential, are becoming more and more necessary, which is causing the construction industry to grow. There is a demand for acrylic emulsions as a result.
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The acrylic emulsions market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
North America dominated the acrylic emulsions market in the year 2021 with a share of 37 %. The high amount of money spend on high-quality paints and coatings is one of the factors driving significant growth in the US market. In the worldwide acrylic emulsions market, North America is followed by the Middle East and Africa and Asia Pacific. As a result of the rising demand and the growing number of enterprises, the building market will expand naturally. This will help Acrylic Emulsions gain market share. Owing to the remodelling and building projects being carried out in the US and other North American nations, North America accounts for the biggest market share in terms of value in the worldwide acrylic emulsions market.
In terms of volume and value, it is anticipated that the acrylic emulsions market in Asia Pacific would grow at the fastest rate in the coming years. Market growth will be aided by expanding economic expansion, growing production industries, an increase in foreign investment, the availability of inexpensive labour, and the use of new technologies. Some of the main reasons anticipated to drive the market include the significant factors of acrylic emulsions in paints and coatings applications. The acrylic emulsions market in the Asia-Pacific region is expected to grow as a result of increasing demand in developing nations like China, India, Indonesia, and Malaysia.
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