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(MoneyNewsWire.Net, March 28, 2018 ) The global acrylic emulsions market is projected to reach USD 8.94 Billion by 2022 at a CAGR of 8.2%, in terms of value. Acrylic emulsions are used in a wide range of applications such as adhesives & sealants, paints & coatings, paper coatings, construction additives, and others, as these provide properties such as enhanced process ability, performance, and appearance to end products. While the properties of these emulsions are similar to those of polymer dispersions, the major difference is the particle size of the polymer particles which is larger in emulsions.
The major types of acrylic emulsions are pure acrylic, and polymer & copolymer. The polymer & copolymer segment is projected to lead the type segment of the acrylic emulsions market in terms of value and volume, during the forecast period. This is due to the wide usage of these emulsions in the manufacture of water-based coatings for architectural paints & coating applications, and solvent-based emulsions for industrial coatings. The cost-effectiveness of these acrylics over other types, is also leading to the high demand for this subsegment.
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Acrylic emulsions are used in various applications, and have been segmented into adhesives & sealants, paints & coatings, paper coatings, construction additives, and others in this report. In 2016, the paints & coatings application accounted for the largest share of the application segment, in terms of value and volume. This is due to the increasing housing projects in emerging markets and increasing consumer awareness regarding VOC content in solvent-based substitutes.
The bargaining power of raw material suppliers in the acrylic emulsions market is moderate. This is due to the low raw material demand and supply gap, limited and fixed number of global buyers, and the threat of forward integration. The bargaining power of buyers is low due to the highly organized global acrylic emulsions market and the limited numbers of application specific manufacturers. The threat of substitutes in the market is moderate is due to application specific substitutes, leading to the low possibility of substitution in most applications, and threat from water-based polyurethane dispersions and epoxy emulsions. The intensity of competitive rivalry is high due to the large number of application segments and a large number of global and domestic players.
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North America, Europe, Asia-Pacific, Middle East & Africa, and South America are the regions covered for the acrylic emulsions market report. North America is the largest market, in terms of value, due to the rising demand for acrylic emulsions which is mainly driven by increased use in coating applications, especially in interior and furniture coating. The Asia-Pacific is the second-largest consumer and manufacturer of acrylic emulsions in terms of value and the largest in terms of volume, globally, and is the fastest-growing region in the market. Increasing consumer awareness regarding VOC and the increasing demand for green coatings is contributing to the growing demand for acrylic emulsions globally.
A few factors such as the high price of raw materials, shift of the application market from developed to emerging countries, and the rising cost of production are expected to hinder the growth of the market to a certain extent.
BASF SE (Germany), Synthomer Plc. (UK), Arkema Group (France), The Dow Chemical Company (US), Celanese Corporation (US), Lubrizol Corporation (US), Ashland (US), and H.B. Fuller (US) are some of the leading companies in this market. Most of the market players adopted new product launches, mergers & acquisitions, and investments & expansions strategies, to strengthen their shares in the market.
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