Waterborne Acrylic Resin Market - By Type (Emulsion, Solution, Urethane-Acrylic), By Applications, By End Use (Building & Construction, Automotive, Furniture, Packaging, Textile, Adhesives & Sealants) & Forecast, 2024 – 2032

Waterborne Acrylic Resin Market Size

Waterborne Acrylic Resin Market was valued at around USD 6.01 billion in 2023 and is estimated to register a CAGR of over 5.2% between 2024 and 2032.
 

As stringent environmental regulations become more prevalent globally, industries are increasingly shifting towards eco-friendly and low-VOC (volatile organic compound) solutions. Waterborne acrylic resins, being water-based and having lower VOC content compared to traditional solvent-based resins, are favored for their reduced environmental impact. Additionally, the versatility of waterborne acrylic resins makes them applicable in various sectors, including paints and coatings, adhesives, and sealants.
 

A potential pitfall for the waterborne acrylic resin market lies in addressing formulation challenges and achieving performance levels comparable to solvent-based alternatives. While advancements are being made, overcoming these challenges is crucial for broader market acceptance and sustained growth, especially in applications with stringent performance requirements.
 

COVID-19 Impact

Initially, disruptions in the supply chain, reduced construction activities, and disruptions in manufacturing processes posed challenges, leading to a temporary slowdown in demand. However, as economies gradually reopened and industries adapted to the new normal, the market rebounded. The increased focus on sustainable and eco-friendly solutions, driven by the pandemic's highlighting of environmental concerns, has further supported the demand for waterborne acrylic resins. The construction sector's resilience, coupled with the ongoing recovery in automotive and manufacturing industries, has contributed to the market's revival.
 

Waterborne Acrylic Resin Market Trends

As environmental regulations become more stringent globally, there is a growing preference for waterborne acrylic resins due to their lower VOC content and reduced environmental impact compared to solvent-based alternatives. The market is experiencing a surge in demand from the construction and automotive sectors, where waterborne acrylic resins find extensive use in coatings, adhesives, and sealants. Technological advancements and ongoing research and development efforts are fostering innovations, leading to formulations with enhanced performance characteristics.
 

Waterborne Acrylic Resin Market Analysis

Based on Type, the market is segmented as emulsion, solution, urethane-acrylic, and others. Emulsion held a majority market value of USD 3.56 billion in 2023. Emulsion-based waterborne acrylic resins exhibit excellent stability in water, allowing for easier storage, transportation, and handling during manufacturing processes. Additionally, emulsions enable the creation of coatings and adhesives with superior film-forming characteristics, providing excellent adhesion and durability. The versatility of emulsion-based formulations makes them suitable for a wide range of applications, including paints, coatings, adhesives, and sealants.
 

Based on application, the market is segmented as coating, adhesives, textile finishes, and others. Coating held a dominant market share of around 55% in 2023 and is expected to grow at a lucrative pace through 2032, Waterborne acrylic resins offer excellent adhesion, durability, and versatility, making them well-suited for various substrates and application methods in the coatings industry. Their low VOC content aligns with environmental regulations, contributing to their widespread adoption in architectural coatings, automotive finishes, and industrial coatings. The ability of waterborne acrylic resins to form a durable film, coupled with their ease of application and quick drying characteristics, enhances their appeal in coating formulations.
 

Based on End Use, the waterborne acrylic resin market is segmented as Building & construction, automotive, furniture, packaging, textile, adhesives & sealants, and others. Building & construction as a end use held the dominant market in 2023. Waterborne acrylic resins offer exceptional adhesion to various substrates, durability, and resistance to weathering, making them ideal for architectural coatings, paints, and sealants used in construction. Their low-VOC content addresses environmental concerns, aligning with sustainable building practices. Additionally, the ease of application, quick drying times, and compatibility with different surfaces contribute to their popularity in construction projects, where efficiency and high-performance coatings are essential.
 

North America dominated the market with majority market share and a revenue of USD 2.22 billion in 2023. The region's stringent environmental regulations, aimed at reducing VOC emissions and promoting sustainable practices, drive the adoption of waterborne acrylic resins known for their lower VOC content. The robust construction and automotive industries in North America further contribute to increased demand for these resins in coatings, adhesives, and sealants, as these sectors prioritize high-performance, eco-friendly solutions. Moreover, technological advancements and ongoing research and development activities within the region enhance product innovation and offer formulations tailored to evolving industry requirements.
 

Waterborne Acrylic Resin Market Share 

Some of the major market players operating in the Waterborne Acrylic Resin industry are:

• BASF SE
• Dow Chemical Company
• The Sherwin-Williams Company
• Nippon Paint Co., Ltd.
• PPG Industries, Inc.
• Huntsman Corporation
• Arkema S.A.

These players focus on strategic partnerships, new Type launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative Types and garner maximum revenue in the market.
 

The Waterborne Acrylic Resin business is a highly competitive landscape with BASF SE, Dow Chemical Company, and The Sherwin-Williams Company leading the pack. These three companies collectively hold a substantial share of the market, ranging from 35% to 45%. Other prominent players in the market include Nippon Paint Co., Ltd., PPG Industries, Inc., Huntsman Corporation, and Arkema S.A., altogether accounting for an estimated 25% to 30% of the market share. The remaining market share is fragmented among smaller players.
 

Waterborne Acrylic Resin Industry News

In August 2022 Arkema, a specialist in manufacturing specialty materials for paints and coatings, has unveiled SYNAQUA® 9511, a novel waterborne binder designed for formulating industrial paints that meet stringent VOC regulations, ensuring levels are reduced to less than 150 g/l.
 

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

Click here to Buy Section of this Report

Market, By Type

• Emulsion
• Solution
• Urethane-acrylic
• Others

Market, By Application

• Coating
• Adhesives
• Textile finishes
• Others

Market, By End Use

• Building & construction
• Automotive
• Furniture
• packaging
• Textile
• Adhesives & sealants
• Others

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