Acrylic Polymer Emulsion Market - Forecast(2024 - 2030)

Report Code: CMR 1419 Report Format: PDF + Excel

Acrylic Polymer Emulsion Market Overview

Acrylic Polymer Emulsion market size is forecast to reach US$18.1 billion by 2026, after growing at a CAGR of 6.2% during 2021-2026. The emulsion polymerization process is opted for developing acrylic polymer emulsions. The acrylic polymer droplets are combined in water and then polymerized to obtain acrylic polymer emulsions. These emulsions are versatile due to the acrylic esters functionality.  The acrylic polymer emulsions are used for waterproofing, printing inks, polymer coatings, and other applications.  Acrylic Polymer Emulsion finds its application in many end-use industries such as build & construction, automotive, paper & packaging, and textile due to its low volatile emission compound (VOCs) emission and excellent durability properties. The growing consumer awareness regarding water-based paints/waterborne coatings is one of the primary factors expected to propel the market growth during the forecast period. The growing packaging industry along with the increasing adoption of acrylic polymer emulsions among packaging companies are also boosting the market growth.  However, the fluctuating raw material prices and stringent environmental regulations are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries, one of the few industries that were largely hit to some extent was the coating industry. Due to the Covid-19, the construction and textile industries are impacted very badly that further impacted the acrylic coating industry. The slow down in residential constructions due to lack of raw material supplies, and workforce are impacting the market negatively. The textile industry is also registered low revenue during the pandemic, which in turn drive less demand for printing ink or emulsion paints. According to the data published by the Ministry of Textiles, it is estimated that the Indian textile industry revenues have dropped by 28%-30% during the pandemic period. However, the construction, textile, and packaging companies resumed their operation in 2021, which may positively impact the market.

Acrylic Polymer Emulsion Market Report Coverage

The report: “Acrylic Polymer Emulsion Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Acrylic Polymer Emulsion industry.

By Application: Architectural Coating, Automotive & Transportation Coating, Industrial Coatings, Adhesives & Sealants (General Purpose Adhesives, and Pressure-Sensitive Adhesives), Construction Additives (Cement Modifiers, Concrete Admixtures, Others), Binders, and Others
By End-Use Industry: Building and Construction (Residential construction [Independent Homes, Row Homes, and Large Apartment Buildings], Commercial construction [Hospitals/Healthcare Infrastructure, Educational Institutes, Airports, Shopping Malls, and Others]), Automotive (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Paper & Packaging, Textile, Paints and Coatings, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

Key Takeaways

  • The Asia Pacific region will dominate the market and is expected to register the highest CAGR of 9.1% during the forecast period (2021-2026). The rapid expansion of building & construction, textile, and packaging sectors are boosting regional growth.
  • The growing demand for water-based paint emulsions along with the adoption of environmentally sustainable formulations among end-users are positively impacting the market growth during the forecast period. 
  • The advantages of acrylic polymer emulsions paint such as quick-drying, easy applications, and excellent durability are driving the market growth 
  • However, the high price of acrylic polymer emulsions compared to conventional emulsions is hampering the market growth. 

Figure: Asia Pacific Acrylic Polymer Emulsion Market Revenue, 2020-2026 (US$ Billion)

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Acrylic Polymer Emulsion Market Segment Analysis: By Application

The coatings segment accounted for the largest share of more than 30% in the acrylic polymer emulsion market in 2020 and is estimated to grow at a significant rate during the forecast period. The acrylic polymer emulsions are widely preferred for architecture coatings. Acrylic polymer emulsions paint have a low impact on the environment and effective compared to other coatings and emulsions. Emulsion paints and coating are water-based paints used for both internal and external surfaces of the buildings.  The growing demand for water-based paints & coatings and the development of low VOC paints & coatings are also driving the market growth during the forecast period.

Acrylic Polymer Emulsion Market Segment Analysis: By End-Use Industry

The building & construction segment accounted for the largest market share of more than 25% of the market in 2020 and is estimated to grow significantly during the forecast period. The rapid growth in construction activities in emerging economies is driving the market growth. These emulsions are used as flexible waterproofing coatings on roofs, toilets, water tanks, and swimming pools. Acrylic polymers are used in rehabilitation projects for crack repairing. The increasing house renovation activities in both developing and developed nations are also positively impacting the market during the forecast period. High durability nature and excellent water resistance drive the product demand among the end-use industries.

Acrylic Polymer Emulsion Market Segment Analysis - By Geography

Asia Pacific region held the largest share of more than 35% in the acrylic polymer emulsion market in 2020, owing to the rapid growth in the infrastructural activities and growing demand for waterproofing, waterborne coating, and printing ink across the region. The growing construction of residential houses along with increasing consumer spending on waterproof emulsions are some of the positively driving factors. The growing paper & packaging industry in emerging economies such as China, India, and South Korea is boosting regional growth. The Asia Pacific region is leading textile manufacturing. According to the Eurostat analysis, approximately 75% of U.S. apparel imports are from Asian countries. The Europe region accounted for the second-largest share in the Acrylic Polymer Emulsion market. The presence of developed nations such as Germany, the UK, France, and Spain are driving the market growth. The growing demand for environment-friendly emulsion paint due to stringent environmental regulations in Europe further contributes to the growth of this market.

Acrylic Polymer Emulsion Market Drivers

Growing demand for water-based coatings

The growing demand for eco-friendly coatings and paintings among emerging economies is driving the market growth. Water-based coatings have a low impact on the environment and effective compared to other types. Water-based coatings are the commonly used type among end-users due to their sustainable nature and excellent durability. Water-based emulsion polymers are safe and have less environmental impact compared to solvent-based polymers. Water-based emulsion finds its applications in interior and exterior architectures, adhesives, and textile industries.  According to the Paint Quality Institute, water-based paints occupy about 80 percent of household paints sold in the USA. Water-based coatings are processed and manufactured by green technology. Green technology processing is eco-friendly in nature and meets safety regulations proposed by various government bodies.

Growing demand from various end-use industries 

Acrylic polymer emulsions find their application in various end-use industries such as construction & buildings, automotive, textile, paper & packaging, and others. Synthetic polymer emulsion releases less VOC emission compared to other emulsions available in the market. They act as a protective waterproof layer in both interior and exterior of buildings. The paper & packaging industry uses different types of synthetic emulsion polymers for papermaking and coating operations. These coatings help to extend shelf life paper and also protect and increase aesthetic value. The rapid change in lifestyle and growing demand for packaged food are positively impacting the market. The increased penetration of smartphone and internet usage is also driving the market for the packaging industry. Acrylic polymers emulsions are also preferred in the textile industry due to their excellent adhesive property.  They are used for non-woven fabrics, flannelette blankets, and laminations. According to Euratex, the European textile & clothing sector includes 160,000 small & micro textile companies and generated a turnover of Euro 162 billion during 2019-2020.

Acrylic Polymer Emulsion Market Challenges:

Volatile raw material cost

The fluctuating in raw material, prices are one of the major factors restraining the market. The change in price trends of raw materials and frequent change in currency rates are also challenging the market. The changing oil prices also impact the raw material prices globally. Oil prices play a key role in the transportation of raw materials globally. Crude oil derivatives are used as raw materials in the paints and coatings industry. In the coating industry, approximately  60 to 70 percent of the raw materials are based on petrochemicals derivatives.  The cost of raw material prices is the top concern for chemical manufacturers. The changes in the supply chain ecosystem are also challenging the market growth. 

Acrylic Polymer Emulsion Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Acrylic Polymer Emulsion market. Major players in the BASF, Celanese Corporation, Kamsons Chemicals Pvt. Ltd, Pexi Chem Private Limited, StanChem, Inc., Arkema, The Dow Chemical Company, Asian Paints Ltd., The Lubrizol Corporation, Xyntra Chemicals B.V. Asahi Kasei, Mallard Creek Polymers, and others.

Acquisitions/Technology Launches

  • In March 2021, BASF started its new production line for acrylic dispersions in Pasir Gudang, Malaysia. The new production line is engaged in the manufacturing of next-generation Acronal ECO product ranges.
  • In February 2021, Arkema launched its new product ENCOR® 2793 functionalized pure acrylic binder for multiple substrate primers and renovation paints. The product has an excellent adhesion profile on wood, concrete, ceramic, plastics, and many others. The product is used in a broad range of applications such as wall paints, renovation paints, and wood lacquers
  • In June 2020, Celanese Corporation signed a distribution agreement with Megafarma (Azelis company), to supply emulsion polymers products (Resyn®, EcoVAE®, Tufcor®, Celvolit®, and Vinac)  in Mexico city. This agreement would help Celanses company to expand its operations in Mexico

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1. Acrylic Polymer Emulsion Market- Market Overview
    1.1 Definitions and Scope 
2. Acrylic Polymer Emulsion Market - Executive Summary
    2.1 Key Trends by Application
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Acrylic Polymer Emulsion Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Acrylic Polymer Emulsion Market - Startup Companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Acrylic Polymer Emulsion Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Acrylic Polymer Emulsion Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Acrylic Polymer Emulsion Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Acrylic Polymer Emulsion Market – By Application (Market Size -$Million/Billion)
    8.1 Architectural Coating
    8.2 Automotive & Transportation Coating
    8.3 Industrial Coating
    8.4 Adhesives & Sealants
        8.4.1 General Purpose Adhesives
        8.4.2 Pressure-Sensitive Adhesives
    8.5 Construction Additives
        8.5.1 Cement Modifiers
        8.5.2 Concrete Admixtures
        8.5.3 Others
    8.6 Binders 
    8.7 Others
9. Acrylic Polymer Emulsion Market – By End-Use Industry (Market Size -$Million/Billion)
    9.1 Building and Construction
        9.1.1 Residential construction
   Independent Homes
   Large Apartment Buildings
        9.1.2 Commercial construction
   Hospitals and Healthcare Infrastructure
   Educational Institutes
   Shopping Malls
    9.2 Automotive 
        9.2.1 Passenger Vehicles
        9.2.2 Light Commercial Vehicles
        9.2.3 Heavy Commercial Vehicles
    9.3 Paper & Packaging
    9.4 Textile
    9.5 Paint & Coatings
    9.6 Others 
10. Acrylic Polymer Emulsion Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany 
        10.2.3 Italy 
        10.2.4 France
        10.2.5 Netherlands
        10.2.6 Belgium
        10.2.7 Spain
        10.2.8 Denmark
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China 
        10.3.2 Japan 
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        10.5.2 Africa
   South Africa
   Rest of Africa
11. Acrylic Polymer Emulsion Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Acrylic Polymer Emulsion Market – Market Share Analysis Premium 
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Company Benchmarking Matrix - Major Companies 
13. Acrylic Polymer Emulsion Market – Key Company List by Country Premium Premium 
14. Acrylic Polymer Emulsion Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
*Financials would be provided on a best efforts basis for private companies"