Latest News- Acrylic Polymer Market: Paints and coatings is expected to lead the Application segment during 2024-2028

The Acrylic Polymer Market is being driven by Growth in real estate and construction industry

The Acrylic Polymer Market is expected to grow at a CAGR of 4.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7.92 billion. The acrylic polymer market is witnessing a notable shift towards eco-friendly and sustainable products due to increasing consumer preference. Research studies indicate that bio-based resins and polymers have substantial commercial applications in coatings. In developed regions, stringent environmental regulations encourage the expansion of the bio-based and sustainable acrylic polymers market. The surging demand for recyclable and renewable coating materials in the US and Europe, particularly in food packaging, consumer goods, and other industries, is propelling the market growth. Furthermore, evolving environmental and food and drug regulations are fueling the consumption of bio-based polymer coatings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Paints and coatings
  • Adhesives and sealants
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in real estate and construction industry
• Growing demand from automotive industries
• Expansion of manufacturing plants by vendors

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations affecting market growth
• Easy availability of substitutes
• Volatility in raw material prices

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Market Scope in Acrylic Polymer Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Acrylic Polymer Market encompasses a range of products including Polymethyl Methacrylate (PMMA), Polybutyl Acrylate, Acrylic Copolymers, Styrene-Acrylic Copolymers, and various forms such as Acrylic Dispersions, Emulsions, Resins, Cast Acrylic, Extruded Acrylic, Injection Molded Acrylic, Sheet, Fiber, Paint, Sealant, Adhesive, UV Curing Acrylics, Water-Based Acrylics, and Solvent-Based Acrylics. Additionally, there are Powder Coated Acrylics, Thermosetting Acrylics, and Thermoplastic Acrylics. Compatibility with plasticizers and fillers, polymer degradation, recycling, monomer purity, and polymer characterization are key considerations.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, market size is determined by the consolidated revenue of these manufacturers. Factors fueling market expansion include the increasing preference for specialty adhesives and sealants, driven by growing demand for these products in various industries. Acrylic polymers, produced via acrylic polymerization techniques such as emulsion, suspension, solution, and free radical, are key contributors to this sector's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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