Acrylic Emulsions Market Size, Share, Industry, Forecast and outlook (2024-2031)

Acrylic Emulsions Market is segmented By Type (Pure Acrylic, Polymer & Copolymer, and Others), By Particle Size(Fine Particles and Large Particles), By Application (Coatings, Textile, Civil Engineering, and Others), By End-User(Paints & Coatings, Building & Construction, Textile Industry, Automotive, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Acrylic Emulsions Market Size

Acrylic Emulsions Market reached USD million in 2021 and is expected to record significant growth by reaching up to USD million by 2029, growing at a CAGR of 5.7% during the forecast period (2023-2030).

The category of polymer emulsions includes acrylic emulsions. These are acrylic paints that, after dried, generate a layer that resists water. To improve abrasion resistance, fungal and algae resistance, and washability, they are put to paints as addition and vanish. The original form of pure acrylic emulsion is foggy and very worried; this is how it should be assessed. Changes in the emulsion's stability, droplet size, and particle production might result from dilution. Particle size, concentration, and distribution are crucial factors for the emulsion to function and work well. Fine-particle acrylic emulsions have more surface area and strongly interact with thickeners.

As per DataM Intelligence, the Acrylic Emulsions Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Acrylic Emulsions Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. The acrylic Emulsions Market in the United States and Canada produces the utmost share. At the same time, the European Acrylic Emulsions Market is projected to continue its presence globally from 2022 to 2029.

Acrylic Emulsions Market Scope

To know more Download Sample

Acrylic Emulsions Market Trends

The key reasons driving market expansion include rising government regulations and growth in global construction. Furthermore, sustainability concerns may hamper the development of the acrylic emulsions market.

The rising government regulations 

Implementing strict government laws about infrastructure or construction may soon increase demand for acrylic emulsions. The Mission provides Central Assistance to the implementing agencies via States/Union Territories and Central Nodal Agencies to provide homes to all eligible families and beneficiaries in response to the verified housing need of around 1.12 crore. The dwelling size for the Economically Weaker Section (EWS) could be up to 30 square feet, according to PMAY(U) regulations.

Sustainability concerns

Acrylic emulsion offers a wide range of industrial and engineering uses due to its exceptional characteristics. Acrylic emulsion is utilized in various industries, including construction, automotive, aerospace, and defense. The sustainability and environmental impact of acrylic emulsion has been questioned due to its extensive use. VOC-emitting compounds are present in acrylic emulsions. A typical groundwater contaminant is VOCs. Careless industrial activities, primarily those involving paints, chemicals, and metal processing, cause the substances to leak into the water. VOC-induced water pollution is exceedingly challenging to remediate and harms the surrounding environment over the long run.

Acrylic emulsions are also durable and not biodegradable. The widespread use of acrylic emulsion in contemporary life has produced enormous amounts of industrial waste, which has caused disposal issues. Given the growing environmental impact and harm to natural ecosystems, the long-term viability of the existing acrylic emulsion utilization strategy is under question. There are eco-friendly and biodegradable acrylic emulsion substitutes being researched and developed. A major restraint to the market's expansion is using acrylic emulsions, which raises environmental questions. 

COVID-19 Impact on Acrylic Emulsions Market Growth

COVID-19 had a major impact on the global population's standard of living. Various leading paint & coating companies have already announced hikes in prices due to the increasing cost of raw materials, labor, and transportation, which has impacted the market growth. According to the U.S. Bureau of Labor Statistics, the producer prices for paint &coating manufacturing rose 10.6% between August 2020 and August 2021. 

For instance, Sherwin-Williams recently imposed a 4% surcharge on most products through the end of 2021 to cope with increasing prices and raw materials shortages. Some raw materials costs, including resins and polymers, have increased by nearly 20% and are expected to rise even higher. Other paint & coating companies have also announced price hikes. PPG raised prices at least twice this year to compensate for more elevated costs in everything from materials to transportation to wage increases. All the major end-user industries of acrylic emulsion have seen a decline in demand, directly impacting the market growth. 

Acrylic Emulsions Market Segment Analysis

By particle size, the acrylic emulsions market is segmented into fine particles and large particles.

Large particles drive the segment’s growth

By controlling and minimizing the synthesis of new particle micelles, combining approaches that polymerize emulsions at high concentrations forces the growth of larger particles. The particle dispersion influences the rheology and viscosity. There is a large increase in Newtonian rheology and a drop in latex viscosity when the particle size distribution is wider at a given average particle size. Because of Newtonian rheology, the viscosity won't change with mixing, which can be important in some applications. 

Additionally, the emulsion viscosity is influenced by particle size. Small particles produce high viscosity, whereas large particles often indicate low viscosity. Narrower particle size distribution and selective avoidance of big particles can be crucial in digital printing applications. Because bigger particles may interfere with print head build-up, by controlling and minimizing the synthesis of new particle micelles, combining approaches that polymerize emulsions at high concentrations forces the growth of larger particles. These methods, for example, are often impractical for producing particles more significant than one micron.

Global Acrylic Emulsions Market Geographical Share

The growing renovation and reconstruction in North America

North America seems to have a considerable share of the global acrylic emulsions market, owing to increased renovation and reconstruction activities in the U.S. and other countries. Acrylic acid is still utilized to make some of our most regularly used industrial and consumer items today. The acrylic esters methyl acrylate, butyl acrylate, ethyl acrylate, and 2-Ethylhexyl acrylate consume almost two-thirds of the acrylic acid supply in the U.S. Acrylic acid and its esters are referred to as acrylates. It is found in various paints, coatings, textiles, adhesives, and plastics.

The construction industry in the U.S. has continued to grow due to a thriving economy and solid market fundamentals for commercial real estate, as well as enhanced federal and state funding for public works and institutional buildings. The country's growing population will almost certainly increase housing demand. Furthermore, countries with strong economies, such as U.S. and Canada, have much potential for the acrylic emulsions market in North America. For example, almost every major corporation for acrylic emulsions, such as Dow, Celanese Corporation, Lubrizol Corporation, and H.B. Fuller, has a headquarters in one of the country's major cities.

Acrylic Emulsions Companies and Competitive Landscape 

The acrylic emulsions market is highly competitive with the presence of local and global companies. The companies are adopting growth strategies such as acquisitions, product launches, and collaborations, which contribute to the growth of the acrylic emulsions market globally. 

Major global acrylic emulsions market companies include Arkema S.A., BASF SE, Synthomer Plc., APEC, Ltd., Nissin Chemical co.,ltd., The Dow Chemical Company, Celanese Corporation, Lubrizol Corporation, Ashland, and H.B. Fuller.

Arkema

Overview: Arkema, a material and inventive solution designer, molds materials and finds new applications that improve customer performance. The company's product portfolio includes High-Performance Materials, Industrial Specialties, and Coating Solutions. The company employs around 20,000 people globally and operates in 55 countries. The company has research and development hubs in North America, France, and Asia-Pacific that focus on electronic solutions, lightweight materials, and water management. The company generated a revenue of US$ 8,999 million in 2020.

Product Portfolio: Arkema S.A. provides acrylic emulsions, a precise blend of water-based polymers. It provides superior results for many industrial, architectural, and functional markets.

Key Development: In February 2021, Arkema S.A. launched ENCOR 2793 functionalized pure acrylic binder, a new formulation for multiple substrate primers and renovation paints. It is formulated without alkyl phenol ethoxylates and is formaldehyde releaser-free.