Acrylic Polysiloxane Hybrid Market - Forecast(2024 - 2030)

Report Code: CMR 1497 Report Format: PDF + Excel

Acrylic Polysiloxane Hybrid Market Overview

The Acrylic Polysiloxane Hybrid Market size is forecast to reach US$510.5 million by 2027, after growing at a CAGR of 6.5% during 2022-2027. The acrylic polysiloxane hybrid is a hybrid resin in which inorganic components of polysiloxane are combined with organic components of acrylic resin. They are widely used in the production of polymer, paint & coatings, elastomer, adhesives & sealants and polyether. These products are widely used in automotive, construction and other sectors as paint & coatings provide long-term protection and aesthetics of the coated object and reduce maintenance costs. The rise in construction activity will eventually boost the demand for acrylic polysiloxane hybrid-based products. For instance, according to the U.S Department of Commerce, the construction spending during May 2022 was estimated at a seasonally adjusted annual rate of US$1,779.8 billion, which is 9.7% higher compared to May 2021. Therefore, the rise in construction spending will flourish the demand for polymer, paint & coatings and elastomer and will eventually drive the Acrylic Polysiloxane Hybrid industry growth. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for automobiles, electrical and electronic consumer goods and others, all across the world, which had a significant impact on the growth of the Acrylic Polysiloxane Hybrid market.

Acrylic Polysiloxane Hybrid Market Report Coverage

The report: “Acrylic Polysiloxane Hybrid Market Report – Forecast (2022 - 2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Acrylic polysiloxane Hybrid industry.

By Product Type: Waterborne and Solvent-borne.
By Curing Process: Thermal Curing and UV curing.
By Substrate: Metal, Polymers, Ceramic, Plaster Boards and Others.
By Application: Paints & Coatings, Adhesives & Sealants, Elastomers, Fabric, Plastic films and Others.
By End-Use Industry: Building & Construction (Residential, Commercial, Infrastructure and Others), Transportation (Automotive, Aerospace & Defence, Marine, Railways), Electric & Electronics, Healthcare, Food & Beverages, Textile, Industrial and Others.
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East and Africa).

Key Takeaways

  • The Asia-Pacific region dominates the Acrylic Polysiloxane Hybrid Market and is expected to register a CAGR of 6.9% during the forecast period (2022-2027) owing to the rising growth in the construction, automotive, food & beverages industry others in Asian countries such as China, India, Japan and South Korea.
  • Rapidly rising demand for Acrylic Polysiloxane Hybrid in the food & beverage industry for the production of polymer-based plastic packaging has driven the growth of the acrylic polysiloxane hybrid market.
  • The increasing demand for Acrylic Polysiloxane Hybrid in the textile sector, due to its usage in the production of polyether and other applications, driving the growth of the acrylic polysiloxane hybrid market in the upcoming years.

Figure: Asia-Pacific Acrylic Polysiloxane Hybrid Market Revenue, 2021-2027 (US$ Million)

Acrylic Polysiloxane Hybrid Market

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Acrylic Polysiloxane Hybrid Market Segment Analysis – By Application

The paint & coating segment held the significant Acrylic Polysiloxane Hybrid Market share in 2021 and is expected to grow at a CAGR of 45% during 2022-2027. Paint & coating material is applied to a surface, that protects, decorates, or adds a special feature to the surface. Paint & coating is extensively used in building construction, automotive, manufacturing and others owing to the low-cost method of corrosion prevention. The growing consumption of paints & adhesives in various end-use industries is increasing the acrylic polysiloxane hybrid market size during the forecast period. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total global production of vehicles is 8,01,45,988 units in the year 2021, which is 3% higher than in 2020. Therefore, the rise in the production of vehicles will boost the demand for paint & coatings and eventually will drive the Acrylic Polysiloxane Hybrid market during the forecast period.

Acrylic Polysiloxane Hybrid Market Segment Analysis – By End-Use Industry

The building & construction industry held a significant Acrylic Polysiloxane Hybrid Market share in 2021 and is estimated to grow at a CAGR of 28% during the forecast period 2022-2027. Acrylic Polysiloxane Hybrid resin is widely used in the production of paints & adhesives, polymer, adhesives & sealants which are widely used in flooring, roofing, door & windows in the building & construction sector. The rise in the construction activity will flourish the demand for acrylic polysiloxane hybrid-based products. For instance, the GDP of France had rebound from 2020 to 6.8% in 2021 and is expected to grow moderately to 4.2% in 2022 and 2.1% in 2023 according to the Organization for Economic Co-operation and Development (OECD). With the increasing construction activities, it is estimated that in the upcoming years the requirement for Acrylic Polysiloxane Hybrid in the construction industry will rise. This will boost the growth of the market in the building construction sector. 

Acrylic Polysiloxane Hybrid Market Segment Analysis – By Geography

Asia-Pacific region dominated the Acrylic Polysiloxane Hybrid Market share by 43% in the year 2021, owing to the growing building construction, food & beverages industry and rising automotive production in the region. China is estimated to witness growth in the demand for acrylic polysiloxane hybrid due to the demand from the automotive, electronics, foods & beverages industries. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the total automobile production in China reached 2,60,82,220 units in 2021, an increase from 2,52,25,242 units in 2020 and 2,57,20,665 units in 2019 respectively. Additionally, India and South Korea also witnessed significant growth in the automotive industry. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the total automobile production in India reached 43,99,112 units in 2021, an incline of 30% from 33,94,446 units in 2020. Moreover, the food & beverage market of South Korea is expected to reach US$99.28 billion by 2024, witnessing a CAGR of 3.9% according to the British Chamber of Commerce in Korea. This will gradually boost the demand for polymer during the forecast period. Such increasing automotive & food & beverages production in the APAC countries is anticipated to increase the demand for acrylic polysiloxane hybrid in the forecasted period and is proving to be a market booster for the Acrylic Polysiloxane Hybrid Market size in this region.

Acrylic Polysiloxane Hybrid Market Drivers

Growing Medical & Healthcare Industry:

The rise in the aging population and advancements in the medical and healthcare industry will increase the usage of Acrylic Polysiloxane Hybrid based products, such as in anesthesia masks, filter housings, heart valve sizers, dialysis filtration cartridges, implantable catheter ports, surgical instrument tray covers and other applications. The demand for acrylic polysiloxane hybrid products such as elastomer, polyether, polymer, silicone and others is increasing, due to the developments and advancements in medical devices. The medical and healthcare sector is growing, for instance, according to International Trade Administration, in Mexico, the total local production of medical devices and equipment increased from US$16.80 billion in 2020 to US$15.12 billion in 2021. Additionally, according to International Trade Administration, in China, the medical device market is expected to expand by a 2020-2025 CAGR of 6.2%, which should see it rise to US$38.4 billion by 2025. Thus, with the growing demand for medical applications such as devices and other applications, in the medical and healthcare industry, the Acrylic Polysiloxane Hybrid market would further rise over the forecast period. 

Increasing Foods and Beverages Industry

In the food and beverage industry, Acrylic Polysiloxane Hybrid is utilized for making polymer based packaging material. These packaging materials are widely used in the food & beverages sector for the packaging of chocolates & confections, beverages and many more. With the rise in growth of the food and beverage industry, the demand for polymer based packaging material will grow, for instance, in May 2021, Bunge Loders Croklaan, invested more than EUR 300 million (US$346.5 million) to build a new sustainable food processing facility in Amsterdam, Netherlands, which is estimated to be completed by the end of 2024. Moreover, the food processing sector of Malaysia is one of the key sectors in the country. The government has invested around RM1.07 billion (US$ 0.25 billion) with a share of 63% and 37% of market investment through foreign direct investment in 2020. Thus, with the growth of the food and beverage sector, the demand for packaging material for food and beverage items will increase, which will drive the growth of the market for the Acrylic Polysiloxane Hybrid over the forecast period. 

Acrylic Polysiloxane Hybrid Market Challenges

The Adverse Effects of Acrylic Polysiloxane Hybrid on the Environment:

The ineffective recycling, non-biodegradable nature and long-term use of plastic have caused environmental pollution. Inaccurate disposal of these plastics entangles equipment, creates hazards for livestock and wildlife and clogs water channels. Acrylic Polysiloxane Hybrid plastic releases particulate matter on burning, which hampers the photosynthesis of plants and contributes to air pollution. Also, these polymers produce residues, that contaminate land and contribute to global plastic pollution. For instance, according to the United Nations Environment Programme (UNEP), plastic pollution in rivers, oceans and other water bodies continues to rise and by 2030 it is estimated to get double, with a global plastic waste production of 275 million tonnes per year. Thus, environmental effects caused by Acrylic Polysiloxane Hybrid will create hurdles for the market's growth.

Acrylic Polysiloxane Hybrid Market Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Acrylic Polysiloxane Hybrid Markets. The top 10 companies in the Acrylic Polysiloxane Hybrid Market are:

  1. 3M
  2. Akzo Nobel N.V.
  3. Evonik Industries AG
  4. Merck KGaA
  5. The Sherwin-Williams Company
  6. Wacker Chemie AG
  7. DIC
  8. Axalta Coating Systems
  9. LLC
  10. Cromology

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1. Acrylic Polysiloxane Hybrid Market - Market Overview
    1.1 Definitions and Scope 
2. Acrylic Polysiloxane Hybrid Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Curing Process
    2.3 Key Trends by Substrate
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Geography
3. Acrylic Polysiloxane Hybrid 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 Polysiloxane Hybrid 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 Polysiloxane Hybrid 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 Polysiloxane Hybrid Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter 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 Polysiloxane Hybrid 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 Polysiloxane Hybrid Market – By Product Type (Market Size - US$ Million/Billion)
    8.1 Waterborne
    8.2 Solvent-borne
9. Acrylic Polysiloxane Hybrid Market – By Curing Process (Market Size - US$ Million/Billion)
    9.1 Thermal Curing
    9.2 UV Curing
10. Acrylic Polysiloxane Hybrid Market – By Substrate (Market Size - US$ Million/Billion)
    10.1 Metal
    10.2 Polymers
    10.3 Ceramic
    10.4 Plasterboards
    10.5 Others
11. Acrylic Polysiloxane Hybrid Market – By Application (Market Size - US$ Million/Billion)
    11.1 Paints & coatings
    11.2 Adhesives & Sealants
    11.3 Elastomers
    11.4 Fabric
    11.5 Plastic films
    11.6 Others
12. Acrylic Polysiloxane Hybrid Market – By End-Use Industry (Market Size - US$ Million/Billion)
    12.1 Building & Construction
        12.1.1 Residential
        12.1.2 Commercial
        12.1.3 Infrastructure
        12.1.4 Others
    12.2 Transportation
        12.2.1 Automotive
        12.2.2 Aerospace & Defense
        12.2.3 Marine 
        12.2.4 Railways
    12.3 Eclectic & Electronics
    12.4 Healthcare
    12.5 Food & Beverages
    12.6 Textile
    12.7 Industrial
    12.8 Others
13. Metal Biocides Market - By Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 the USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 the UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 the Netherlands
        13.2.6 Spain
        13.2.7 Belgium
        13.2.8 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 the Middle East Saudi Arabia UAE Israel Rest of the Middle East
    13.5.2 Africa South Africa Nigeria Rest of Africa
14. Acrylic Polysiloxane Hybrid Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Acrylic Polysiloxane Hybrid Market – Industry/Segment Competition Landscape Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share by Key Geography - Major companies 
    15.3 Market Share at Country Level - Major companies
    15.4 Market Share by Key Application - Major companies
    15.5 Market Share by Key Product - Major companies
16. Acrylic Polysiloxane Hybrid Market – Key Company List by Country Premium Premium
17. Acrylic Polysiloxane Hybrid Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."