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The polyacrylate market share is expected to increase by USD 486 million from 2022 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.85%.
The polyacrylate market has been broadly categorized into the following demographic segmentations:
The polyacrylate market report offers information on several market vendors, including BASF SE, Arkema Group, Evonik Industries AG, Kao Corp., LG Chem Ltd., Mitsubishi Chemical Corp., Nippon Shokubai Co. Ltd., RSD Polymers Pvt. Ltd., Sanyo Chemical Industries Ltd., Sasol Ltd., SIBUR Holding PJSC, Sumitomo Seika Chemicals Co. Ltd., The Dow Chemical Co., and Yixing Danson Technology among others. COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
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The growing demand for paints and coatings from the construction sector is notably driving the polyacrylate market growth, although factors such as uncertainties in construction projects may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyacrylate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Polyacrylate Market Driver
Key Polyacrylate Market Trend
Key Polyacrylate Market Challenge
This polyacrylate 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 polyacrylate 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 polyacrylate 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 polyacrylate market encompasses successful business strategies deployed by the key vendors. The polyacrylate market is fragmented and the vendors are deploying growth strategies such as new product launches, collaborations, partnerships, M&A, and expansion projects to compete in the market.
To make the most of the opportunities and recover from 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 polyacrylate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the polyacrylate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the polyacrylate market in North America. Market growth in this region will be faster than the growth of the market in Europe.
The growth of key end-use industries, such as building and construction, automotive, and others will facilitate the polyacrylate 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 Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the regional polyacrylate market. However, in H1 2021, the initiation of vaccination drives conducted by the regional governments led to a decline in the number of COVID-19 cases in the region. This has resulted in the lifting of COVID-19-related restrictions and the reopening of manufacturing units, which has rebounded the demand for polyacrylates in the region. Thus, the polyacrylate regional market is expected to emerge from the negative impacts of the pandemic and witness growth during the forecast period.
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The polyacrylate market share growth by the adhesives segment will be significant during the forecast period. Adhesives are inert and ideal for bonding and sealing medical devices. They offer a long-lasting seal which is a necessity for these devices. Polyacrylate adhesives are preferred, working efficiently even on contaminated surfaces and medical devices. They are also used during the manufacturing of automobiles. Such applications of adhesives will drive the polyacrylate market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polyacrylate market size and actionable market insights on post COVID-19 impact on each segment.
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Polyacrylate Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 6.85% |
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Market growth 2022-2026 |
$ 486 million |
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Market structure |
Fragmented |
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YoY growth (%) |
7.85 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BASF SE, Arkema Group, Evonik Industries AG, Kao Corp., LG Chem Ltd., Mitsubishi Chemical Corp., Nippon Shokubai Co. Ltd., RSD Polymers Pvt. Ltd., Sanyo Chemical Industries Ltd., Sasol Ltd., SIBUR Holding PJSC, Sumitomo Seika Chemicals Co. Ltd., The Dow Chemical Co., and Yixing Danson Technology |
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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, Market condition analysis for the forecast period |
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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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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