Global Acrylic Polymer Market: Overview
The solutions and products offered by the participants working in the acrylic polymer market find major applications as agents used in cleaning products and solutions. The manufacturers and players operational in the global acrylic polymer market offer two major types of products and solutions, namely, solvent borne products as well as water borne products. Some of the major applications for the products and solutions in the global acrylic polymer market include dish washing, hard surface cleaning, laundry and detergent, and industrial and institutional, among others.
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Global Acrylic Polymer Market: Major Trends and Drivers
The rising demand for products in the global acrylic polymer market from institutional as well as industrial cleaning sectors is most likely to propel the growth in the industry in coming years. The rising awareness pertaining to the benefits of maintaining clean and hygienic surfaces is also expected to thrust high demand within the global acrylic polymer market in coming years. However, environmental concerns as well as health concerns about using solvent based products in the global acrylic polymer market may restrict the growth in the industry in near future. Furthermore, the growth in the global acrylic polymer market may also be adversely affected owing to the presence of several strict and stringent standards and regulations put forth by the governments across the world. On the other hand, rising demand for ecologically and environmentally friendly and sustainable formulations and products is likely to offer the players in the global acrylic polymer market with lucrative growth opportunities.
Global Acrylic Polymer Market: Key Players and Manufacturers
The leading incumbent participants and manufacturers operating in the landscape of the global acrylic polymer market include BASF SE, Sumitomo Seika Chemicals, Co., Ltd., Nippon Shokubai Co., Ltd., Dow Inc., Toagosei Co., Ltd., Arkema, and Ashland Global Holdings, Inc., among others. The manufacturers and players in the global acrylic polymer market are engaged in adopting various growth strategies to enhance their industry share and presence. Furthermore, the manufacturers working within the landscape of the global acrylic polymer market are also focused on expanding their production capacity to meet the rising global demand. The manufacturers and players working in the global acrylic polymer market are also adopting various strategies for corporate expansion, including development of new products, regional and geographical expansion, and mergers and acquisitions.
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Global Acrylic Polymer Market: Regional Assessment
North America region accounted for the largest share in the global acrylic polymer market in recent past. The second largest industry share of the global acrylic polymer market was held by the regional industry of Europe. Some of the major drivers, influencing considerable growth in the global acrylic polymer market in Europe and North America regions include the rising demand for sustainable laundry and detergent solutions as well as the presence of stringent standards and regulations in various regional economies in these markets.
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