Acrylates Copolymer Market

Acrylates Copolymer Market Size, Share & Growth Forecast by Type (Powder, Liquid), By End-Use Industry (Textiles, Adhesives & Sealants, Building & Construction, Chemical, Plastic, Paints & Coatings, and Others), and Region for 2024-2033

Report ID: PMRREP34587

Report Type: Ongoing

Format: PPT*, PDF, EXCEL

Industry: Chemicals and Materials

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Acrylates Copolymer Market Size & Share Analysis

The global market for acrylates copolymer is expected to rise from US$5.98 Bn in 2024 to US$9.93 Bn by the end of 2033. The market is anticipated to secure a CAGR of 5.80% during the forecast period from 2024 to 2033.

Key Highlights of the Market

  • Widespread applications across various industries
  • Ongoing innovations in formulation technology
  • Rapid industrialization and urbanization in developing countries
  • Government regulations and standards promoting eco-friendly materials use

Attributes

Key Insights

Market Size (2024E)

US$5.98 Bn

Projected Market Value (2033F)

US$9.93 Bn

Forecast Growth Rate (CAGR 2024 to 2033)

5.80%

Historical Growth Rate (CAGR 2019 to 2023)

5.10%

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Market Introduction and Trend Analysis

Acrylates copolymers are extensively employed in the formulations of nail care, hair styling products and skincare formulations because of unique features they provide such as adhesion characteristics, excellent film-forming properties and water resistance.

Growing demand from the cosmetic industry and personal care is primary driver for the market growth. Moreover, innovations in formulation technology as well as consumer preferences for high-performance and long-lasting products have also accelerated acrylates copolymers market.

Increasing demand from automotive and construction industries remains a significant driver for the acrylates copolymer market growth.  Due to their weather resistance, superior adhesion, and flexibility features, these copolymers have increasing demand in different construction application such as coatings, waterproofing membranes. Sealants and adhesives.

Growing demand for fuel-efficient and lightweight vehicles as well as sustainable construction materials also contribute toward market growth. Manufacturers look for innovative solutions for meeting the stringent performance and environmental standard.

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Historical Growth and Course Ahead

Acrylates copolymer market growth during the historical period was robust fueled by increasing demand from leading end-use industries including automotive, personal care, construction and packaging.

There is widespread acceptance of acrylates copolymers because of their versatile properties. The market exhibited steady expansion as manufacturers continue to develop and innovate new formulations and explore new applications for acrylates copolymers across divers industries.

The future growth outlook for the acrylates copolymer market remains significant, driven by several prominent factors such as growing demand from personal care and cosmetics, advancements in electronics and automotive sectors, and expanding infrastructure as well as construction projects.

The market recorded a CAGR of 5.80% over 2019 to 2023. The market is estimated to expand at a CAGR of 5.80% during the forecast period from 2024 to 2033.

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Market Growth Drivers

Extensive Application of Acrylates Copolymers Across Diverse Industries

The increasing demand for these products in these sectors propels market growth. One of the primary industries driving the demand for acrylates copolymers is the cosmetics and personal care sector.

These polymers are commonly used in formulations for hair care products, skin care products, and color cosmetics. The film-forming and adhesive properties of acrylates copolymers make them essential for enhancing product performance and shelf life in these applications.

Acrylates copolymers are one of the key ingredients in the formulation of coatings and paints used in architectural, automotive, industrial, and marine applications. These polymers contribute to the properties of coatings including adhesion, gloss, durability, weather resistance, and chemical resistance.

Acrylates copolymers find applications in the electronics and electrical industry for encapsulation, potting, and bonding of electronic components.

Acrylates copolymers are utilized in textile and nonwoven applications for their ability to provide stiffness, softness, and dimensional stability to fabrics and nonwoven materials 

Demand for High-Performance Coatings

Acrylates copolymers are used in the formulation of high-performance coatings for various applications, including automotive and industrial coatings.

The increasing demand for coatings with superior properties such as durability, weather resistance, and corrosion protection boosts the market for acrylates copolymers.

High-performance coatings formulated with acrylates copolymers find applications in a wide range of sectors beyond traditional painting and finishing. These coatings are increasingly used in specialized areas such as marine coatings, protective coatings, and functional coatings.

The expanding application areas create new opportunities for acrylates copolymer manufacturers to supply materials tailored to specific industry needs.

Ongoing research and development efforts in the coatings industry lead to the development of innovative coating formulations that require advanced polymer materials.

Acrylates copolymers offer versatility in formulation, allowing for the creation of coatings with enhanced properties such as self-healing capabilities, anti-graffiti feature, and low friction surfaces.

The demand for technologically advanced coatings drives the need for acrylates copolymers with specific characteristics, thereby fueling the growth of the acrylates copolymer market.

Factors Impeding the Market

Health and Safety Regulations

Stringent regulations regarding the use of chemicals in consumer products, particularly in the cosmetics and personal care sector, can pose challenges for acrylates copolymer manufacturers.

Compliance with regulatory standards for product safety and toxicity may require additional testing and formulation adjustments, potentially increasing production costs and limiting market expansion.

Regulations often mandate strict safety protocols in manufacturing facilities to protect workers from exposure to hazardous chemicals.

Compliance with these requirements may necessitate additional training, equipment, and safety measures, which can increase operating costs for companies in the acrylates copolymer industry.

Health and safety regulations frequently intersect with environmental regulations, particularly concerning the disposal of hazardous waste generated during the production process.

Compliance with environmental standards may require investment in waste treatment facilities or the adoption of environmentally friendly manufacturing practices, adding further costs, and logistical challenges for companies in the acrylates copolymer market.

Economic Downturns, and/or Recessions

Economic downturns or recessions can negatively impact market demand for products and services across various industries, including those that use acrylates copolymers.

The reduced consumer spending, decreased industrial activity, and disrupted supply chains during economic downturns can restrain market growth and investment in new technologies and applications.

Economic uncertainty can contribute to price volatility in commodity markets, including those for raw materials used in the production of acrylates copolymers.

Fluctuations in the prices of key raw materials such as acrylic acid and methacrylate monomers can impact the profitability of manufacturers and create challenges in pricing their products competitively in the market.

Future Opportunities for Acrylates Copolymer Manufacturers

Growing Demand for Sustainable and Eco-friendly Products

There is increasing consumer demand for eco-friendly as well as sustainable products across different industries including packaging, automotive and personal care.

By providing sustainable acrylates copolymer options, manufacturers are able to tap into this market segment and fascinate environmentally conscious consumers. Consequently, expanding their customer base and increasing market share.

There is increasing demand for bio-based and renewable alternatives to traditional petrochemical-derived polymers due to sustainability is a key focus around industries.

Key players are exploring opportunities in developing and commercializing sustainable acrylates copolymers derived from renewable feed stocks.

Increasing Preference for Water-Based Formulations

There is a growing preference for water-based formulations over solvent-based ones as environmental concerns continue to drive the shift toward eco-friendly products.

Acrylates copolymers find extensive applications in water-based paints, adhesives, and sealants, presenting an opportunity for players to develop and market eco-friendly solutions.

Companies that prioritize sustainability initiatives and provide eco-friendly products tend to build a positive reputation.

By promoting their commitment to sustainability and highlighting the environmental advantages of their products, manufacturers of acrylates copolymer differentiate themselves from competitors as well as strengthen customer loyalty.

Category-wise Analysis

Building and Construction Industry Dominates the Market

Category

Market Share in 2023

Building and Construction Industry

58%

Increasing need for infrastructure development fuels the demand of acrylates copolymers in building and construction sector. This sector recorded 58% market share in 2023.

The thriving building and construction industry remains a key driver for acrylates copolymers. They are also employed in different construction materials to enhance performance as well as durability.

Acrylates copolymers are also used in thermal insulation materials for increasing energy efficiency and saving heating and cooling expenses. They also help with sound insulation making living condition comfortable and quiet too.

The building and construction industry completely depends on acrylates copolymers as they offer an array of benefits as well as capabilities which make them vital elements in different applications.

The Adhesive and Sealants Category Records High Sales in the Market

The adhesives and sealant segment exhibits the significant share in the market. Acrylate-copolymers-based adhesives are extensively employed across different industries because of their key bonding properties and versatility.

These are extensively utilized for bonding paper, other packaging materials and cardboard in the packaging industry.

Adhesives are generally utilized in materials including concrete, wood panels, and plastics to enhance good adhesion and performance in the construction sector.

These adhesives offer strong adhesion as well as fast bonding, making them perfect for flexible packaging applications and box assembly. They are chiefly utilized in the automotive industry to bind components including panels, glass and trims.

Moreover, acrylic adhesives are used to assemble electronic devices, offering electrical insulation as well as environmental protection.

Powder Segment Accounts for the Notable Market Share

There are different applications of the powder form of acrylate copolymer which provide key benefits as compared to other acrylates copolymer forms. These benefits include liquid emulsion or solutions or solutions and acrylates copolymer.

Moreover, these powders are employed in construction industry in cement-based products including grouts, self-leveling compounds, and terrazzo for enhancing workability and performance.

There is an increasing application of acrylate copolymer powders in powder coatings for different industries such as furniture, construction and automotive. These powders are applied electrostatically onto the substrate and afterwards cured at high temperatures, resulting in a durable, tough and protective coatings.

Region-wise Analysis

Asia Pacific Remains a Key Regional Market for Acrylates Copolymer

Asia Pacific stands out as a global manufacturing hub for different industries because of availability of skilled labor, supportive government policies and low product costs.

This manufacturing activity fuels the demand for acrylates copolymers as raw materials for the manufacturing of coatings, adhesives and other industrial products. This region exhibits significant market share because of the favourable markets in this region including India, and China.

The increasing production of plastic items in the region is fueling acrylates copolymers demand. Countries in Asia Pacific such as South Korea, China, India, some of the southeast Asian nations, and Japan has been undergoing urbanization and industrialization.

This industrial growth fuels demand for acrylates copolymers that are extensively utilized in different industrial applications including textiles, construction, automotive and packaging.

Recent Industry Developments

September 2021

The polymers production employed in packaging, coatings, construction and paints end markets is likely to increase at Nouryon's new manufacturing facility in China, and Ningbo to fulfil the increasing demand for these materials in the region. This new production facility is a forerunner in speciality chemicals globally.

Competitive Landscape Analysis

Key players continuously invest in research and development to develop new formulations, improve existing products, and meet evolving customer needs. Innovation plays a crucial role in maintaining competitiveness in the acrylates copolymer market.

Companies invest in developing advanced technologies for manufacturing, formulation, and application processes to enhance product performance, efficiency, and sustainability. This includes the development of bio-based or recycled acrylates copolymers, as well as advanced manufacturing techniques.

Key players employ various strategies to expand their market presence and gain a competitive edge. This includes mergers and acquisitions, strategic partnerships, joint ventures, and collaborations with other companies, research institutions, or government agencies.

Market expansion strategies may also involve geographical expansion into new regions with growth potential. Strategic investments in research and development, technological innovation, market expansion, and brand building are key drivers of competitiveness in this industry.

Report Scope

Attributes

Details

Forecast Period

2024 to 2033

Historical Data Available for

2019 to 2023

Market Analysis

US$ Billion for Value

Key Regions Covered

  • North America
  • Europe
  • Asia Pacifica
  • Latin America
  • The Middle East & Africa

Key Countries Covered

  • The United States
  • Canada
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • By Type
  • By Application
  • By End-Use Industry

Key Companies Profiled

  • Fabri-Tech Inc
  • Airtecnics
  • Meech International
  • Thermoscreens
  • Panasonic Corporation
  • Steel Guard Safety Co.
  • Deal Rite Inc.
  • Plastic Fabric Solutions Inc.
  • John Boyt Industrial Sewing Inc.
  • Biddle, Solar and Palau, Novovent
  • Systemair
  • Advanced Fabric Technologies
  • Harken Canvas
  • Emco Industrial Plastics Inc.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Acrylates Copolymer Market Segmentation

By Type

  • Powder
  • Liquid

By End-use Industry

  • Textiles
  • Adhesives & Sealants
  • Building & Construction
  • Chemical
  • Plastic
  • Paints & Coatings
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East & Africa

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Companies Covered in This Report

Frequently Asked Questions

Demand for high-performance coatings is surging the sales of acrylates copolymer.

Growing demand for sustainable and eco-friendly products presents a key opportunity in the market.

The market is anticipated to secure a CAGR of 5.80% during the forecast period from 2024 to 2033.

Powder segment accounts for the larger share in the acrylates copolymer market.

Leading players operating in the market are Fabri-Tech Inc, Airtecnics, and Meech International.

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