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Waterborne Acrylic Resin Market Trends

Report ID: GMI7585
Published Date: Dec 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for waterborne acrylic resin was valued at around USD 6.01 billion in 2023 and is estimated to reach USD 9.49 billion by 2032 driven by their reduced environmental impact and versatility in application.

Coatings segment held a dominant market share of around 55% in 2023 and is expected to grow at a lucrative pace by 2032 driven by the qualities of waterborne acrylic resin such as excellent adhesion, durability, and versatility.

North America market accounted for a revenue of USD 2.22 billion in 2023 and is anticipated to expand at a significant pace over 2023-2032 driven by the region's stringent environmental regulations, aimed at reducing VOC emissions and promoting sustainable practices.

BASF SE, Dow Chemical Company, The Sherwin-Williams Company, Nippon Paint Co., Ltd. are some of the major industry contenders.