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The acrylic polymer market is projected to grow by 2562.91 million tons at a CAGR of 4.43% during the forecast period 2021 to 2026.
This acrylic polymer market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the acrylic polymer market segmentation by application (paints and coatings, adhesives and sealants, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The acrylic polymer market report also offers information on several market vendors, including Anhui Newman Fine Chemicals Co. Ltd., Anshika Polysurf Ltd, Arkema S.A., Ashland Global Holdings Inc., BASF SE, Chemipol SA, Dow Inc., Gellner Industrial LLC, Kamsons, The Lubrizol Corp., Maxwell Additives Pvt. Ltd., MCTRON Technologies LLC, Nippon Shokubai Co. Ltd., Nouryon Chemicals Holding BV, Protex International, Solvay SA, STI Polymer, Sumitomo Seika Chemicals Co. Ltd., Toagosei Co Ltd, and Weifang Ruiguang Chemical Co Ltd. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the acrylic polymer market. During the COVID-19 pandemic, the acrylic polymer market demand has been impacted greatly. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.
Key Acrylic Polymer Market Driver
Growth in the real estate and construction industry is one of the factors driving the acrylic polymer market's growth. Architectural paints and coatings, such as acrylic coatings, allow the contraction and expansion of roofs and prevent water penetration during thermal expansion and contraction. The high durability and reflectivity of acrylic coatings make them cost-effective. These coatings can be applied to a wide range of roofing substrates, including metal, plastic, and concrete. Moreover, the rise in the number of single-person and dual-person households across the world has contributed to the growth in house construction activities over the past decade. These factors are expected to propel the growth of the market during the forecast period.
Key Acrylic Polymer Market Trend
Increasing focus on bio-based and eco-friendly products is one of the key acrylic polymer market trends fueling the market growth. Several research studies have found significant commercial uses for bio-based resins and polymers in coatings. In developed regions, the regulations that check and monitor the impact of products on the environment promote the growth of bio-based and eco-friendly acrylic polymers. Meanwhile, the increasing demand for bio-based recyclable and renewable coating materials in the US and Europe is driving the market for bio-based products. Also, growing environmental and food and drug-related regulations are fostering the use of bio-based polymer coatings in food packaging, consumer goods, and other products.
Key Acrylic Polymer Market Challenge
Stringent regulations are one of the key factors challenging the acrylic polymer market growth. Primarily, standardized safety procedures and mandatory rules have slowed down the market penetration rate of paints and coatings. For instance, in North America, principal regulatory entities such as the Occupational Safety and Health Administration (OSHA) and the US EPA keep a strict vigil on the regional acrylic polymer market. The Resource Conservation and Recovery Act (RCRA), the Clean Air Act (CAA), the Comprehensive Environmental Response, and the Toxic Substance Control Act are some legislation that hinders the specialty chemical industry's growth and, in turn, the market in focus. Thus, the close monitoring of the global acrylic polymer market by such stringent regulatory frameworks is expected to hinder market growth during the forecast period.
This acrylic polymer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global acrylic polymer market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the acrylic polymer market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the acrylic polymer market encompasses successful business strategies deployed by the key vendors. The acrylic polymer market is fragmented, and the vendors are deploying growth strategies such as product quality, innovation, price, and technology to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report acrylic polymer market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain and parent market of the acrylic polymer market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the acrylic polymer market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The sales of passenger cars will facilitate the acrylic polymer market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted end-user industries, such as construction and automotive in the region. However, the resumption of these industries and return to normalcy in the region positively impacted the market in focus, which is expected to drive the growth of the regional market during the forecast period.
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The acrylic polymer market share growth in the paints and coatings segment will be significant during the forecast period. Solvent-based paints and coatings are predominantly used in architectural and industrial applications owing to their exceptional advantages, such as supreme finishing, flexible application, fast-drying properties, excessive glossiness for distinctive images, and ability to be applied on any substrate. Thus, the high application of paints and coatings in various industries such as automotive and construction is anticipated to drive the growth of the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the acrylic polymer market size and actionable market insights on the post-COVID-19 impact on each segment.
Acrylic Polymer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.43% |
Market growth 2022-2026 |
2562.91 mn t |
Market structure |
Fragmented |
YoY growth (%) |
4.36 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Japan, France, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Anhui Newman Fine Chemicals Co. Ltd., Anshika Polysurf Ltd, Arkema S.A., Ashland Global Holdings Inc., BASF SE, Chemipol SA, Dow Inc., Gellner Industrial LLC, Kamsons, The Lubrizol Corp., Maxwell Additives Pvt. Ltd., MCTRON Technologies LLC, Nippon Shokubai Co. Ltd., Nouryon Chemicals Holding BV, Protex International, Solvay SA, STI Polymer, Sumitomo Seika Chemicals Co. Ltd., Toagosei Co Ltd, and Weifang Ruiguang Chemical Co Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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