The acrylic emulsion market is projected to reach USD 16.6 billion by 2028, at a CAGR of 7.6% from USD 11.5 billion in 2023. The acrylic emulsion market growth is driven by influencing factors such as growing automotive industry in Asia Pacific and increasing growth in emerging markets. The acrylic emulsion market is mainly driven by the growing automotive industry in Asia Pacific .. Moreover, it is also driven by increasing growth in emerging markets.
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“Paints & coatings segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.”
Acrylic emulsions are a cornerstone in the paints and coatings sector. Formulated from acrylic polymers, these emulsions offer a versatile solution that elevates coating performance. With attributes such as strong adhesion, longevity, and color retention, they yield coatings that retain vibrancy even under challenging conditions. Furthermore, acrylic emulsions exhibit remarkable flexibility and resistance to cracking, ensuring the durability of coated surfaces over time. Their adaptability to various substrates and the ability to incorporate additives for specialized properties make them a favored choice among coating manufacturers.
“Polymer & co-polymer is projected to be the fastest growing type in the acrylic emulsion market, in terms of value.”
Polymer and co-polymer acrylic emulsions represent two fundamental categories within the acrylic emulsion market. Polymer acrylic emulsions are derived from single acrylic monomers, resulting in coatings and products with specific performance attributes. On the other hand, co-polymer acrylic emulsions are created by blending multiple monomers, enabling customization of properties for diverse applications. These categories offer a spectrum of choices, allowing industries like paints, coatings, adhesives, and textiles to select emulsions that precisely meet their requirements, fostering innovation, durability, and tailored solutions.
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“Asia Pacific is expected to be the fastest growing market for acrylic emulsion during the forecast period, in terms of value and volume.”
The markets of Asia Pacific are registering high growth, and the trend is projected to continue during the forecast period. Emerging economies such as India, and China are investing in various industrial developments that are driving the acrylic emulsion market..The Asia Pacific region has a large population and a growing middle class, leading to increased consumer purchasing power and demand for automobiles. As the demand for vehicles rises, so does the need for acrylic emulsion in various applications. This strong consumer base and growing vehicle ownership contribute to the robust market potential for acrylic emulsion in the region.
Acrylic Emulsions Companies
The key global players in the acrylic emulsion market include BASF SE (Germany), Dow Inc. (US), Arkema S.A. (France), Synthomer PLC (UK), Celanese Corporation (US), Avery Dennison (US), Covestro AG (Germany), DIC Group (Japan), Henkel (Germany), H.B. Fuller (US), Mallard Creek Polymers (US) Nippon Shokubai Co., Ltd. (Japan) and The Lubrizol Corporation (US)are the key players in the acrylic emulsion market. These companies are strong in their home region and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
BASF SE
BASE SE is a prominent player in the chemical industry, recognized for its dynamic array of business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company’s research initiatives are strategically compartmentalized into three global divisions: Process Research & Chemical Engineering, Advanced Materials & Systems Research, and Bioscience Research. These divisions collectively propel the innovation and creation of cutting-edge solutions. With a vast client base comprising 90,000 customers, BASF SE remains steadfast in its commitment to delivering premium products and services. Its remarkable market presence dominates nearly 80% of its active business domains, underscoring its robust competitive stance. BASF SE’s operational excellence is exemplified by its management of six integrated “verbund” sites, accompanied by an extensive network of 232 additional production sites. These strategically located facilities span across Europe, Asia Pacific, North America, South America, Central America, and the Middle East & Africa.
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Dow Inc.
Dow Inc. functions as the holding entity for The Dow Chemical Company (TDCC) along with its affiliated subsidiaries. The company operates under 4 business segments: packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, and corporate. It offers acrylic emulsion under industrial intermediates & infrastructure segment. The company serves its products to architectural and industrial coatings, home care and personal care, consumer & electronics, mobility & transportation, Industrial and chemical processing, building and infrastructure end-markets. Dow Inc. operates 104 manufacturing sites in 31 countries and employs approximately 37,800 people. The company has a presence in North America, Asia Pacific, Latin America, Europe, Africa, and the Middle East.
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