Global Acrylic Emulsions Market: Snapshot
Stiff competition prevails in the global acrylic emulsions market. Well-entrenched players in the acrylic emulsions market are focused on mergers and acquisitions, product innovation, and expanding their global presence in a bid to strengthen their market share.
Majorly fuelling the global acrylic emulsions market is the recovery of the construction sector globally. The increasing number of residential complexes and commercial buildings that display a substantially high demand for paints and coatings are indirectly benefiting the acrylic emulsions market.
The rising disposable income leading individuals to buy high quality decorative paints and coatings is also benefiting the acrylic emulsions market.
As per estimates presented by a report by Transparency Market Research (TMR), the global acrylic emulsions market will be worth US$8,792.6 mn by the end of 2022 from its evaluated worth of US5,915.9 mn in 2017 at a CAGR of 8.2% for the forecast period between 2017 and 2022.
Acrylics Product Segment Emerges Profitable
Broadly, the global acrylic emulsions market is studied on several important parameters, including product type, application, and region. In terms of product type, the market is classified into acrylics, vinyl acetate, and others. Among these, acrylics is estimated to constitute 62.9% of the overall demand for acrylics emulsion in 2017, to be worth US$3,718.7 mn. The physical properties of acrylics that make them suitable for a large number of consumer and industrial end-use products account for the high growth of this product segment. By the end of the forecast period in 2022, the acrylics segment is anticipated to retain its prominence displaying the leading year on year absolute growth compared to other product segments. The segment is projected for a CAGR of 8.3% during the forecast period to serve a demand worth US$5,533.0 mn by 2022.
On the basis of application, the global market for acrylic emulsions has been bifurcated into water-based paints, adhesives & sealants, paper/paperboard coatings, and others.
Asia Pacific to Continue to Remain Prominent
Geographically, the report studies the potential of acrylic emulsions market across the regions of North America, Asia Pacific except Japan, Europe, Latin America, the Middle East and Africa, as well as in the country of Japan. In 2017, Asia Pacific except Japan is expected to emerge as the most lucrative region for companies operating in this market accounting for 43.1% revenue share. The region is expected to shine gaining 81 basis point (BPS) in its market share between 2017 and 2022. The dominance of this region is attributed to rising disposable incomes and rapid industrialization in countries such as China and India.
The North America acrylic emulsions market is expected to continue to remain attractive incrementing at an above-average CAGR of 8.7% to be valued at US$1,808.9 mn by the end of 2022. The growth of this regional market is attributed to substantial spending on high quality paints and coatings in the U.S.
The Middle East and Africa is currently an attractive market to serve a demand worth US$520.5 mn by 2022, its CAGR for the said forecast period is 8%, close to the CAGR of Asia Pacific except Japan projected at 8.8% between 2017 and 2022. The recovery of the construction sector leading to the construction of industrial complexes is boosting the growth of Middle East and Africa acrylic emulsions market.
Some of the key companies currently operating in the worldwide acrylic emulsions market are Arkema S.A., Clariant, Ashland Inc., DIC Corporation, The Dow Chemical Company, BASF SE, H.B. Fuller, Synthomer Plc., Celanese Corporation, and The Lubrizol Corporation.
Global Acrylic Emulsions Market: Overview
The market study on the global acrylic emulsions market is a 360 degree overview of growth trends, product developments, and competitive strategies of the said market for the 2017-2022 forecast period. The report also examines market drivers, challenges, and opportunities that are expected to have a bearing on the market over the aforementioned forecast period.
The report also covers a discussion on value chain analysis and examines factors that will impact the market dynamics over the forecast period. The market analysis is based on outcomes of primary research and secondary research, and insightful inputs received from industry experts. Economic index and GDP have also been considered for presenting market projections for the acrylic emulsions market between 2017 and 2022.
Global Acrylic Emulsions Market: Trends and Opportunities
The global acrylic emulsions market is benefiting from rising disposable incomes leading individuals to spend substantially on high quality decorative paints. Apart from this, the recovery of the construction sector leading to building of residential complexes, commercial buildings is also boosting the acrylic emulsions market for paints and coatings.
In developing economies, rapid industrialization and urbanization is also stoking the demand for acrylic emulsions for adhesives and sealants. Industrial units display a substantially high demand for materials such as adhesives and sealants to prevent leakages. Residential complexes and housing units also display a substantially high demand for adhesives and sealants to seal pipes, cables that pose a risk of accident.
The growth of the paints and coatings industry is indirectly benefiting the acrylic emulsions market. Paints and coatings display a substantially high demand for acrylic emulsions to improve the product quality.
Global Acrylic Emulsions Market: Market Segmentation
The global acrylic emulsions market could witness a segmentation depending upon product type, application, and region. By product type, there could be several opportunities taking shape in the global acrylic emulsions market. The prominent segments such as acrylics, vinyl acetate polymer, and others could be crucial for the growth of the market.
According to segmentation by application, the global acrylic emulsions market is anticipated to look up to water-based paints, adhesives and sealants, paper/paperboard coatings, and others for a rise in demand.
If the geographical segmentation of the global acrylic emulsions market is concerned, Asia Pacific except Japan is expected to hold supremacy in terms of revenue in 2017. The region is expected to contribute 34.1% revenue share to the global market in 2017. Going ahead, the region is expected to display a healthy 8.8% CAGR between 2017 and 2022 to retain its lead position.
North America is an attractive market for acrylic emulsion on the back of excessive industrialization and urbanization that are stoking demand for paints and coatings and adhesives and sealants.
Global Acrylic Emulsions Market: Competitive Analysis
This section of the report covers detailed competitive profile of leading players in the global acrylic emulsions market. The leading companies in this market include Arkema S.A., BASF SE, Clariant, DIC Corporation, H.B. Fuller, Synthomer Plc., Ashland Inc., Celanese Corporation, DIC Corporation, The Lubrizol Corporation, and The Dow Chemical Company.
Following this, the report covers competitive strategies of key players along with insights into their business positioning, financials, and SWOTs. Lastly, key players are profiled based on parameters of key competitors, employee strength, business overview, and recent product developments.
The global acrylic emulsions market is segmented as follows:
Global Acrylic Emulsions Market, by Product type
- Vinyl Acetate Polymer
Global Acrylic Emulsions Market, by Application
- Water-based Paints
- Adhesives & Sealants
- Paper/Paperboard Coatings
Global Acrylic Emulsions Market, by Region
- North America
- Latin America
- Asia Pacific except Japan
- Middle East and Africa