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Polyacrylate Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 137
  • SKU: IRTNTR73405
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The polyacrylate market share is estimated to reach a value of USD 486 million from 2021 to 2026 at a CAGR of 6.85%.

The polyacrylate market has been broadly categorized into the following demographic segmentations: 

  • Application - Adhesives, paints and coatings, dispersants, and others
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

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.

What will the Polyacrylate Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Polyacrylate Market Size for the Forecast Period and Other Important Statistics

 

Polyacrylate Market: Key Drivers, Trends, and Challenges

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

  • The growing demand for paints and coatings from the construction sector is one of the key drivers fueling the polyacrylate market growth.
  • Paints and coatings have significant requirements in the building and construction industry.
  • Coatings are used in concrete molds to reduce adhesion between molds and concrete. This leads to minimizing damage to concrete blocks and reducing concrete wastage. 
  • The growing investments in infrastructural projects and the growth of the global building and construction industry is increasing the demand for paints and coatings, which is simultaneously increasing the usage of polyacrylates.
  • Due to the growing requirements for water-based and powder-based coatings over traditional solvent-borne coatings, the demand for raw materials such as polyacrylates will witness an upsurge in the market during the forecast period. 

Key Polyacrylate Market Trend

  • Strategic initiatives of market players is one of the key polyacrylate market trends contributing to the market growth.
  • Market vendors are focusing on new product launches and strategic expansion of their business portfolios to broaden their geographic reach and meet the growing demand for polyacrylates.
  • With the increasing demand for polyacrylates from end-users such as the adhesives and paint and coating industries, vendors are engaging in expansion projects and opting for partnerships and strategic alliances to improve their market reach and customer base.
  • In September 2020, Sulzer Chemtech installed a crystallization equipment for LG Chem Ltd. to increase the company's acrylic acid production to 160 kilotons annually at the company's complex in Yeosu, South Korea. Such instances will drive the polyacrylate market growth during the forecast period.

Key Polyacrylate Market Challenge

  • Uncertainties in construction projects is one of the challenges limiting the polyacrylate market growth.
  • In 2020, the outbreak of COVID-19 affected the global construction industry. Several construction projects were put on hold due to the regulations imposed by governments for public safety.
  • In December 2021, construction projects worth over $5 billion were put on hold in Afghanistan. Owing to the country's deteriorating economic conditions, many developmental, infrastructure, and building construction projects were halted. Approximately 2,500 construction companies in Afghanistan face the brunt of the halt in construction activities and uncertainties in the industry. 
  • In March 2022, the Russian war on Ukraine and the subsequent US and western economic and political sanctions on Russia delayed the construction activities in the Russian Industrial Zone. Thus, the delays in construction activities in countries across the world have negatively impacted the demand for polyacrylates.

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.

Parent Market Analysis

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.

Who are the Major Polyacrylate Market Vendors?

The report analyzes the market’s competitive landscape and 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.
  • Yixing Danson Technology

 

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.

Product Insights and News

  • Basf.com - The company offers polyacrylate such as Ecodis, a full range of polyacrylic dispersing agents focused on flat, matt to semi-gloss paints.
  • Arkema.com - The company offers polyacrylate such as Sokalan PA 30 CL PN Granules which is a low molecular weight polyacrylic acid that is supplied in a granular form.
  • Evonik.com - The company offers polyacrylate such as Degacryl HS and Dynacoll AC.

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.

Polyacrylate Market Value Chain Analysis

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.

Which are the Key Regions for Polyacrylate Market?

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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.

What are the Revenue-generating Application Segments in the Polyacrylate Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

 

Polyacrylate Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.85%

Market growth 2022-2026

$ 486 million

Market structure

Fragmented

YoY growth (%)

7.85

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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

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 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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What are the Key Data Covered in this Polyacrylate Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive polyacrylate market growth during the next five years
  • Precise estimation of the polyacrylate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the polyacrylate industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of polyacrylate market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Adhesives - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Adhesives - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Adhesives - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Adhesives - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Adhesives - Year-over-year growth 2021-2026 (%)
    • 5.4 Paints and coatings - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Paints and coatings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Paints and coatings - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Paints and coatings - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Paints and coatings - Year-over-year growth 2021-2026 (%)
    • 5.5 Dispersants - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Dispersants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Dispersants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Dispersants - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Dispersants - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Arkema Group
              • Exhibit 97: Arkema Group - Overview
              • Exhibit 98: Arkema Group - Business segments
              • Exhibit 99: Arkema Group - Key news
              • Exhibit 100: Arkema Group - Key offerings
              • Exhibit 101: Arkema Group - Segment focus
            • 10.4 BASF SE
              • Exhibit 102: BASF SE - Overview
              • Exhibit 103: BASF SE - Business segments
              • Exhibit 104: BASF SE - Key news
              • Exhibit 105: BASF SE - Key offerings
              • Exhibit 106: BASF SE - Segment focus
            • 10.5 Evonik Industries AG
              • Exhibit 107: Evonik Industries AG - Overview
              • Exhibit 108: Evonik Industries AG - Business segments
              • Exhibit 109: Evonik Industries AG - Key news
              • Exhibit 110: Evonik Industries AG - Key offerings
              • Exhibit 111: Evonik Industries AG - Segment focus
            • 10.6 Kao Corp.
              • Exhibit 112: Kao Corp. - Overview
              • Exhibit 113: Kao Corp. - Business segments
              • Exhibit 114: Kao Corp. - Key offerings
              • Exhibit 115: Kao Corp. - Segment focus
            • 10.7 LG Chem Ltd.
              • Exhibit 116: LG Chem Ltd. - Overview
              • Exhibit 117: LG Chem Ltd. - Business segments
              • Exhibit 118: LG Chem Ltd. - Key news
              • Exhibit 119: LG Chem Ltd. - Key offerings
              • Exhibit 120: LG Chem Ltd. - Segment focus
            • 10.8 Mitsubishi Chemical Corp.
              • Exhibit 121: Mitsubishi Chemical Corp. - Overview
              • Exhibit 122: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 123: Mitsubishi Chemical Corp. - Key news
              • Exhibit 124: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 125: Mitsubishi Chemical Corp. - Segment focus
            • 10.9 RSD Polymers Pvt. Ltd.
              • Exhibit 126: RSD Polymers Pvt. Ltd. - Overview
              • Exhibit 127: RSD Polymers Pvt. Ltd. - Product / Service
              • Exhibit 128: RSD Polymers Pvt. Ltd. - Key offerings
            • 10.10 Sanyo Chemical Industries Ltd.
              • Exhibit 129: Sanyo Chemical Industries Ltd. - Overview
              • Exhibit 130: Sanyo Chemical Industries Ltd. - Business segments
              • Exhibit 131: Sanyo Chemical Industries Ltd. - Key offerings
              • Exhibit 132: Sanyo Chemical Industries Ltd. - Segment focus
            • 10.11 Sumitomo Seika Chemicals Co. Ltd.
              • Exhibit 133: Sumitomo Seika Chemicals Co. Ltd. - Overview
              • Exhibit 134: Sumitomo Seika Chemicals Co. Ltd. - Business segments
              • Exhibit 135: Sumitomo Seika Chemicals Co. Ltd. - Key offerings
              • Exhibit 136: Sumitomo Seika Chemicals Co. Ltd. - Segment focus
            • 10.12 The Dow Chemical Co.
              • Exhibit 137: The Dow Chemical Co. - Overview
              • Exhibit 138: The Dow Chemical Co. - Business segments
              • Exhibit 139: The Dow Chemical Co. - Key news
              • Exhibit 140: The Dow Chemical Co. - Key offerings
              • Exhibit 141: The Dow Chemical Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 142: Inclusions checklist
                • Exhibit 143: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 144: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 145: Research methodology
                • Exhibit 146: Validation techniques employed for market sizing
                • Exhibit 147: Information sources
              • 11.5 List of abbreviations
                • Exhibit 148: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The polyacrylate market growth will increase by $486 million during 2022-2026.
              The polyacrylate market is expected to grow at a CAGR of 6.85% during 2022-2026.
              Technavio has segmented the polyacrylate market by geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              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., Yixing Danson Technology are a few of the key vendors in the polyacrylate market.
              North America will register the highest growth rate of 34.48% among the other regions. Therefore, the polyacrylate market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • India
              • Germany
              The key factors driving the polyacrylate market growth are:
              • Growing demand for paints and coatings from the construction sector

                Paints and coatings have significant requirements in the building and construction industry. These are used in the production of concrete blocks, pillars, and slabs. These are also used in various construction activities, such as the construction of roads, highways, bridges, buildings, and other structures. Coatings are used in concrete molds to reduce adhesion between molds and concrete. This leads to minimizing damage to concrete blocks and reducing concrete wastage. It leads to improved efficiency and reduction in production costs. The growing investments in infrastructural projects and the growth of the global building and construction industry will increase the demand for paints and coatings, which, in turn, will lead to the increased usage of polyacrylates during the forecast period. Furthermore, due to the growing requirements for water-based and powder-based coatings over traditional solvent-borne coatings, the demand for raw materials such as polyacrylates will witness an upsurge in the market during the forecast period. 

                With the construction industry nearing saturation in developed markets such as the US and Western Europe, the building and construction industry is expected to witness significant growth in emerging markets, especially APAC. Countries such as India, China, Japan, and South Korea have made significant investments in the development of large-scale buildings and logistics infrastructure in recent years. 

                India is attracting huge private and public funding for infrastructural development, including roads, dams, bridges, and urban infrastructure. According to the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDIs) in the construction development sector and infrastructure activities in India stood at $26.14 billion and $25.38 billion, respectively, between April 2000 and June 2021. In November 2021, the Asian Development Bank (ADB) approved a $250 million loan to support the Indian government''s National Industrial Corridor Development Program (NICDP) to build 11 industrial corridors bridging 17 states in the country. 

                There is increased government funding and government support for infrastructure construction activities in China. For instance, in January 2022, the Ministry of Finance of China allocated $188 billion worth of special-purpose bonds to fund construction projects in the country. The government also announced the plans to fast-track 102 major infrastructure projects outlined in its 2021-2025 development plan. These projects include infrastructure developments, such as transport, logistics, advanced manufacturing, hi-tech industries, and affordable housing. 

                As of July 2021, Japan made investments of over $259 billion in infrastructure projects in Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. In November 2020, the Government of South Korea proposed major investments to develop Bangladesh's infrastructure. This included financing the country's major development projects such as the Tongi to Sadarghat subway line, the Oboshor-Senior Citizen health care and hospitality center, and the Purbachal Town Electricity Network. Similarly, in July 2020, the Government of South Korea announced approval for privately financed infrastructure projects worth $25.1 billion. The projects include the construction of highways and sewage systems. Thus, the rapid infrastructural growth in developing economies is expected to subsequently aid the growth of the construction sector, which, in turn, will increase the demand for polyacrylates as a raw material in paints and coatings during the forecast period. Such factors will augment the growth of the global polyacrylate market during the forecast period .


              • Strategic initiatives of market players

                The global polyacrylate market is highly competitive. Vendors adopt strategies such as new product launches, collaborations, partnerships, M and A, and expansion projects to tackle the competition in the market. Vendors invest in developing innovative products to increase their foothold in the market. Moreover, intense competition in the market is expected to compel the established vendors to increase their market presence through partnerships and strategic alliances. Market vendors are focusing on new product launches and strategic expansion of their business portfolios to broaden their geographic reach and meet the growing demand for polyacrylates. The key strategies used by these vendors focus on the expansion of their facilities and launching new products. Some of the recent developments in the market are given below:

                • In September 2020, Sulzer Chemtech installed a crystallization equipment for LG Chem Ltd. to increase the company's acrylic acid production to 160 kilotons annually at the company's complex in Yeosu, South Korea.
                • In January 2020, BASF SE improved the flexibility of its water-soluble polyacrylate production plant along with capacity expansion at its Ludwigshafen site in Germany. The plant provides polyacrylate for applications in household and commercial cleaning products and chemical formulation. 
                With this capacity expansion project, the company aims to strengthen its polyacrylate business. With the increasing demand for polyacrylates from end-users such as the adhesives and paint and coating industries, vendors are engaging in expansion projects and opting for partnerships and strategic alliances to improve their market reach and customer base. These strategic initiatives of vendors are helping them enhance their operations and increase their geographical presence. Thus, such activities will drive the growth of the global polyacrylate market during the forecast period.


              The polyacrylate market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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