Acrylic Emulsion Market Size

Acrylic Emulsion Market was valued at USD 11.50 billion in 2023 and is estimated to register at a CAGR of over 7.7% from 2024 to 2032. Acrylic emulsions, water-based polymers composed of acrylic monomers, have become increasingly popular due to their versatility and eco-friendly nature. The construction sector has emerged as a major consumer, utilizing acrylic emulsions in paints, coatings, and adhesives, benefiting from their excellent adhesion, durability, and low volatile organic compound (VOC) content. The automotive industry has also embraced acrylic emulsions for their role in producing high-performance coatings that enhance vehicle aesthetics and protection.

Raw materials, including acrylic monomers and other chemical components, are subject to market dynamics influenced by factors such as global supply-demand imbalances, geopolitical events, and natural disasters. The volatility in prices can lead to sudden and unpredictable spikes, directly impacting the cost structure of acrylic emulsion manufacturers. This poses a considerable challenge in maintaining stable pricing for end products, affecting profit margins and operational efficiency. Manufacturers may find it challenging to absorb sudden cost increases, leading to potential adjustments in pricing strategies or compromising on profit margins.

Acrylic Emulsion Market Trends

One prominent trend is the increasing emphasis on sustainable and eco-friendly formulations, driven by a global shift towards environmentally responsible practices. Water-based acrylic emulsions, characterized by low volatile organic compound (VOC) content, are gaining traction as industries prioritize compliance with stringent environmental regulations. Another significant trend is the expanding application scope in construction, where acrylic emulsions are increasingly utilized in paints, coatings, and adhesives, benefitting from their superior adhesion and durability. The automotive sector is witnessing a surge in demand for acrylic emulsion-based coatings, contributing to enhanced aesthetics and protective properties.

Acrylic Emulsion Market Analysis

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The polymer & copolymer emulsion segment valuation crossed USD 6.37 billion in 2023. Polymer & Copolymer Acrylic Emulsion holds its own substantial market share, presenting a versatile alternative. This category is characterized by the incorporation of additional polymers or copolymers, imparting specific attributes tailored to meet varied application requirements. Polymer & Copolymer Acrylic Emulsion finds applications in adhesives, sealants, and specialized coatings, catering to a range of industrial needs.

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The paints & coatings segment held around 54.3% market share in 2023 and is expected to grow at a lucrative pace by 2032. The versatile nature of acrylic emulsions makes them a preferred choice in the formulation of high-quality paints and coatings across various industries. The demand is propelled by their attributes such as excellent adhesion, durability, and resistance to weathering, contributing to aesthetically pleasing and long-lasting finishes.

The construction industry stands out as a dominant force, commanding a significant market share. Acrylic emulsions find extensive use in construction applications such as paints, coatings, adhesives, and sealants due to their excellent adhesion, durability, and low volatile organic compound (VOC) content. The construction sector's continual growth, driven by infrastructure development and urbanization, contributes substantially to the market share of acrylic emulsions.

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Asia Pacific acrylic emulsion market size reached USD 5.10 billion in 2023 and is anticipated to expand at a significant pace from 2023-2032. The growth of the construction industry in countries like China and India contributes significantly to the demand for acrylic emulsions, which find extensive use in paints, coatings, and construction material additives. The region's rapid urbanization, coupled with increased infrastructure development projects, propels the market share of acrylic emulsions in the construction sector. As the automotive sector continues to thrive in countries like Japan and South Korea, the market share of acrylic emulsions in this region remains robust.

Acrylic Emulsion Market Share

Companies such as Celanese, Dow Inc, Arkema Group, BASF, and DIC Corporation stand out as major global players, each leveraging its expertise and extensive product portfolios to capture significant market share. These industry leaders are known for their commitment to research and development, constantly innovating to enhance the performance and versatility of acrylic emulsions.

Covestro AG, Avery Dennison Performance Polymers, and Henkel Additives are notable contributors, bringing their technical prowess to the market. Their emphasis on sustainable solutions aligns with the growing demand for eco-friendly acrylic emulsion formulations. H.B. Fuller, Mallard Creek Polymers, and Max Paints are recognized for their regional influence, providing tailored solutions to specific markets. Their strategic partnerships and collaborations further bolster their positions in the competitive landscape.

Berger Paints, Jensen & Nicholson, and Alv Kimya are prominent players with a focus on delivering high-quality coatings and finishes, catering to diverse end-user industries. Mitsui Chemicals adds a global perspective, contributing to the market's diversity.

Acrylic Emulsion Market Companies

Some of the major market players operating in the acrylic emulsion industry are:

• Celanese
• Dow Inc
• Arkema Group
• BASF
• DIC Corporation
• Covestro AG
• Avery Dennison Performance Polymers
• Henkel Additives
• H.B. Fuller
• Mallard Creek Polymers
• Max Paints
• Berger Paints
• Jensen & Nicholson
• Mitsui Chemicals
• Alv Kimya
  

Acrylic Emulsion Industry News

• In August 2022, Arkema introduced SYNAQUA 9511, a novel waterborne binder designed for formulating industrial paints with lower VOC levels. This strategic product launch not only expanded Arkema's product portfolio but also positioned the company as a key player in the acrylic emulsions market.
  
• In July 2022, BASF SE completed the installation of an acrylic dispersions production line in Dahej, India. This new manufacturing facility enhances BASF's capabilities to cater to the coatings, construction, adhesives, and paper industries, specifically targeting the South Asian markets. The establishment of this production line signifies BASF's commitment to meeting the growing demands of various sectors in the region, reinforcing its presence and influence in the acrylic emulsions market.
  

This acrylic emulsion market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Type

• Pure Acrylic Emulsion
• Polymer & Copolymer Acrylic Emulsion

Market, By Application

• Paints & Coatings
• Adhesives & Sealents
• Construction Material Additives
• Paper Coatings
• Other

Market, End-User Industry

• Construction
• Automobile
• Textile
• Other

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt