According to TechSci Research report, “Acrylic Emulsions Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2019-2029F”, the Global Acrylic emulsions Market stood at USD 10.85 billion in 2023 and is anticipated to grow with a CAGR of 6.23% in the forecast period, 2024-2029. The initiatives taken by government based on acrylic emulsions has led to favorable market conditions for the Global Acrylic emulsions Market. Several factors contribute to the growth of various acrylic emulsions products.
The Indian government’s Pradhan Mantri Awas Yojana (PMAY) is a notable and transformative initiative aimed at ensuring that every citizen has access to affordable housing. By providing financial assistance, subsidies, and incentives, PMAY has opened up new avenues for affordable housing and has positively impacted the acrylic emulsions market in India. The growth of this market can be attributed to the increased demand for paints, coatings, and adhesives in the construction industry, driven by the government’s focus on affordable housing solutions.
Several other countries worldwide have implemented government initiatives to support the industry’s growth. For instance, in the Middle East, governments have proactively taken steps to diversify their economies away from reliance on oil by promoting non-oil industries, including the polymer emulsion industry. These initiatives have created a favorable environment for the growth of the polymer emulsion market, attracting investments and fostering innovation in the region.
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Rapid urbanization and infrastructure development in emerging economies have led to a surge in the demand for construction materials. The Asia-Pacific region, in particular, has experienced remarkable growth in construction activities, resulting in a substantial increase in the consumption of acrylic emulsions. Governments in these regions are heavily investing in infrastructure projects, including residential, commercial, and industrial buildings, which further drives the demand for acrylic emulsions.
Moreover, the Middle East and Africa are also witnessing significant construction growth, primarily fueled by the need for modernization and urban development. In these regions, acrylic emulsions find extensive applications in various areas such as exterior coatings, concrete additives, and sealants. The versatility and effectiveness of acrylic emulsions make them a preferred choice for construction projects, ensuring durability, protection, and aesthetic appeal.
As the construction industry continues to flourish, the demand for acrylic emulsions is expected to rise even further, as they play a crucial role in enhancing the performance and longevity of construction materials. With their wide range of applications and benefits, acrylic emulsions are poised to continue their significant contribution to the construction sector’s growth and development in the years to come.
The Global Acrylic Emulsions Market is segmented into type, application, regional distribution, and company.
Based on its type, the polymer & copolymer segment held the largest share in the market. Although acrylic emulsions formulated from polymers and copolymers may initially entail higher expenses in comparison to alternative emulsions, their exceptional performance, longevity, and eco-friendly attributes frequently lead to substantial cost savings in the long run. Furthermore, ongoing advancements in manufacturing techniques and the realization of economies of scale have contributed to the reduction of production costs, enhancing the competitiveness of these acrylic emulsions within the market. This combination of superior performance, sustainability, and improving cost-effectiveness positions polymer and copolymer-based acrylic emulsions as preferred choices for a diverse array of applications across industries. As such, businesses increasingly recognize the long-term value and benefits associated with investing in these innovative acrylic emulsion formulations.
Based on region, North America segment is expected to grow during the forecast period.
In countries such as the U.S and Canada, known for their robust economies, the potential for the acrylic emulsions market in North America is exceptionally high. In the U.S, numerous large firms have established their headquarters in various cities across the country, with substantial investments made in infrastructure development. Moreover, there is a continuous influx of new firms seeking to enter the market, indicating a promising outlook. The increasing number of firms is expected to drive growth in the construction market, subsequently favoring the expansion of the acrylic emulsions market as well. As the construction market flourishes, the demand for acrylic emulsions is poised to witness significant growth.
Major companies operating in Global Acrylic emulsions Market are:
- BASF SE
- Synthomer Plc.
- The Dow Chemical Company
- Celanese Corporation
- Lubrizol Corporation
- 3M Co.
- Arkema SA
- DIC Corporation
- Pexi Chem Private Limited
- Gellner Industrial LLC
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“A notable application of smart technology within acrylic emulsions involves the creation of temperature-responsive coatings. These innovative coatings are engineered to exhibit reversible alterations in color or transparency in reaction to shifts in temperature, thereby facilitating temperature monitoring and providing visual cues regarding alterations in surface conditions. This advanced functionality not only enhances the practical utility of acrylic emulsions in various industries but also underscores their adaptability to dynamic environmental factors. By seamlessly integrating temperature-sensitive properties into coatings, businesses can harness valuable insights into temperature variations and surface conditions, enabling informed decision-making and proactive maintenance strategies. This transformative advancement in smart technology exemplifies the ongoing evolution of acrylic emulsions, paving the way for enhanced performance and functionality across diverse applications.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Acrylic Emulsions Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polymer & Copolymer and Pure Acrylic), By Application (Paints & Coatings, Adhesives & Sealants, Construction Additives, Paper Coatings, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Acrylic emulsions Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Acrylic emulsions Market.
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