Acrylic Emulsions Market - Forecast By End-use Industry 2017

Acrylic Emulsions Market - Forecast By End-use Industry 2017 - 2025

Acrylic is a synthetic resin or thermoplastic substance made from polymer of acrylic acid, methacrylic acid, acrylates, or other related compounds. Acrylic emulsions are emulsions of acrylic or dispersions of polymers or co-polymers of acrylic and its derivatives. In terms of type, the acrylic emulsions market can be segmented into pure acrylic, styrene acrylic, polymethyl acrylate, and others. Pure acrylic is an acrylic acid or acrylic monomer used for creating a top coat on the surface of products to protect them from various environmental factors. It is widely used in the formulation of architectural coatings, industrial coatings, building materials, and other products. Styrene acrylic is a modified acrylic formed from copolymerization of styrene and different esters of the acrylic acid. Polymethyl acrylate is an acrylic resin used for textile finishes, adhesives, lacquer, and other related products in emulsified form. Rise in disposable income of consumers and development in infrastructure are expected to drive the demand for building and construction materials and other related products (including acrylic emulsions).

Based on application, the acrylic emulsions market can be divided into paper & paperboard, paint & coatings, adhesives & sealants, and others. Acrylic emulsions offer carious advantage when used as ingredients in the paint & coatings industry. It is a major ingredient in latex paints for exterior and interior applications. Acrylic emulsions are primarily used for stain protection, enhanced adhesion, high resistance toward blistering and cracking, greater resistance toward water, and other applications. It is waterproof, thus providing ideal application in outdoor appliances and furniture. Acrylic emulsion used in paints last longer and can be retained for five to eight years. The paint is washable and can be painted on any sort of surface such as wood and papered wall.

Low VOC and VAC makes acrylic emulsion paints & coatings environmentally-friendly. Acrylic emulsion is not flammable; this reduces handling charges and fire insurance costs. Acrylic emulsions are employed in various stages from papermaking to paper coating in the paper industry. It is also widely used in the packaging segment. The paints & coatings segment held the major share of the acrylic emulsions market in 2016. The segment’s share is anticipated to rise further in the next few years. The adhesives & sealants segment also accounted for key share of the acrylic emulsions market in 2016. Adhesives and sealants adhere to the surface of the product on which they is applied. Thus, they become rigid, which is essential for strong adhesion. They are also very stable under stress and weathering for significant period of time.

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Based on region, Asia Pacific constituted prominent share of the acrylic emulsions market in 2016. China is the leading producer and consumer of acrylic emulsions. Rapid growth in population and expansion in end-user industries such as building & construction are driving the market in the country. Large number of manufacturing units are being set up in Asia Pacific, due to the low cost of establishment and low wages of skilled labor in the region. North America and Europe held average share of the acrylic emulsions market in 2016. The market in these regions was followed by that in Middle East & Africa and Latin America in the same year.

Key manufacturers of acrylic emulsions across the globe include BASF SE, Arkema SA, DIC Corporation, AkzoNobel N.V, Asahi Kasei Corporation, Clariant AG, Omnova Solutions, and Wacker Chemie AG.

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