Global Acrylic Emulsions Market Is Expected to Reach $10.72 Bn by 2024
Global Demand for Acrylic Emulsions was valued at USD 6.3 billion in 2017 and is expected to reach USD 10.72 billion by the end of 2024, growing at a CAGR of 7.9% between 2018 and 2024.
Sarasota, FL -- (SBWire) -- 12/07/2018 --Zion Market Research has published a new report titled "Acrylic Emulsions Market by Type (Pure Acrylic, Polymer & Copolymer) and by Application (Paper Coating, Construction Additives, Paints & Coatings, Adhesives & Sealant, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024". According to the report, the global acrylic emulsion market was valued at USD 6.3 billion in 2017 and is expected to reach USD 10.72 billion by the end of 2024, growing at a CAGR of 7.9% between 2018 and 2024.
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Acrylic resins are clusters of thermoplastic elements obtained from methacrylic acid and acrylic acid, among other related composites. Acrylic polymers are commonly called acrylics, and acrylic emulsions are also being recognized as most durable for exterior uses. Acrylic emulsions are being progressively utilized in building materials, industrial coatings, painting and commercial applications in the construction and automotive industries. Both water-based and solvent-based emulsions are being used across varied applications.
Acrylic emulsions are versatile, flexible, and have low volatile emissions. These properties make them suitable for building, paints, and textile sectors. The increasing demand for paints and coatings applications for acrylic emulsions expected to drive the growth of the acrylic emulsions market globally. Strong growth from the paint and coatings industry across the globe is further expected to be the prime driver for the expansion of the acrylic emulsions market.
Higher raw material accessibility is further expected to fuel this market's growth. The high raw material prices, the shift within the application market from developed to emerging countries, and increasing cost of production might hamper the growth of this market in the forecast years. Manufacturing companies are focusing on making innovative products that are likely to open new opportunities for the acrylic emulsions market.
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By type, the acrylic emulsions market includes pure acrylic and polymer and copolymer. The polymer and copolymer segment is anticipated to grow at the highest CAGR in the upcoming years. Polymer and copolymer acrylic emulsions are more preferable in the manufacturing of water-based and solvent-based emulsions for varied applications. In 2017, the polymer and copolymer segment type accounted for more than half of the total share in the acrylic emulsions market. The paint and coatings segment held the largest application share of the market in 2017. It accounted for more than 27%of the market share in 2017, as the acrylic emulsions have different mechanical properties, such as high durability and weathering resistance. Furthermore, increasing demand for acrylic emulsions the paper industry is expected to propel this market's growth in the upcoming years.
North America was the leading market for acrylic emulsions and held around 37% market share in 2017. Furthermore, in 2017, the European region was the second largest market for acrylic emulsions, with around 27% share followed by the Asia Pacific which held around 18% market share.TheAsia Pacific region is further predicted to be the fastest growing market for acrylic emulsions in the near future as well. The Middle Eastern and African and Latin American markets for acrylic emulsions are supported by government rules and environmental factors. Brazil and South Africa are emerging markets for acrylic emulsions the upcoming years.
Some major players of the global acrylic emulsions market are Ashland, Synthomer Plc., H.B. Fuller, Celanese Corporation, Lubrizol Corporation, The Dow Chemical Company, BASF SE, Astra Chem Tech Private Limited, and Kamsons Chemical Pvt. Ltd., among others.
Browse the full "Acrylic Emulsions Market" report at https://www.zionmarketresearch.com/report/acrylic-emulsions-market
This report segments the global acrylic emulsions market as follows:
Global Acrylic Emulsions Market: TypeAnalysis
Polymer & Copolymer
Global Acrylic Emulsions Market: Application Analysis
Paints & Coatings
Adhesives & Sealant
Global Acrylic Emulsions Market: Regional Analysis
The Middle East and Africa
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