A copious number of regional as well as locally
prominent players account for the intense competition in the global
acrylic emulsions market, notes Transparency Market Research (TMR).
However, the market is largely organized one with a handful of global
players, leading to low bargaining power resting with buyers and
suppliers. This is attributed to the threat of forward integration
along with no noticeable gap in raw material demand and supply.
Companies exhibiting a prominent presence in the
market include The Dow Chemical Company, The Lubrizol Corporation,
DIC Corporation, Celanese Corporation, Ashland Inc., Synthomer Plc.,
H.B. Fuller, Clariant, BASF SE, and Arkema S.A. A growing number of
leading players are focusing on product launches and entering into
mergers and acquisitions, in a move to maintain a stronghold in the
market, finds TMR. Several top players are keen on expanding their
presence to new geographic areas in order to consolidate their
shares.
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According to TMR, the global acrylic emulsions
market was worth US$5,915.9 million in 2017 and is anticipated to
touch a valuation of US$8,792.6 million by 2022 end. The market is
projected to rise at a healthy CAGR of 8.2% from 2017 to 2022.
The major product types are acrylics and vinyl
acetate polymer. Of all the key segments, acrylics leads the pack and
accounted for the dominant share in 2017. The product segment is
expected to hold its sway throughout the forecast period by
registering the leading year-on-year absolute growth. Expanding at a
CAGR of 8.3% during the assessment period, the acrylics segment will
be worth US$5,533.0 million by the end of 2022. The vastly rising
uptake of acrylic in various consumer and industrial end-use products
is driving the growth of the segment.
Geographically, Asia Pacific except Japan (APEJ),
is projected to present substantial attractive opportunities over the
forecast period. The region accounted for the leading share in 2017
and is likely to retain its dominance in the coming years as well.
The APEJ market is estimated to gain 81 basis point in its share
during 2017–2022.
Extensive Use in Formulating Paints &
Coatings for Residential & Commercial Sector Boosts Market
The global acrylic emulsions market is driven
primarily by the widespread use in making in adhesives and sealants,
construction additives, paper coatings, and paints and coatings. The
wide use is attributed to several attractive properties these
emulsions exhibit. The ability to enhance the processing ability,
boost performance, and improve the appearance of various end products
are some of the compelling functions accounting for the ideal use of
acrylic emulsions.
The vast strides experienced by the construction
sector in several developing economies is aiding in the rapid
expansion of the market. A substantial rise in residential and
commercial building activities in a number of emerging and developed
nations is fueling the uptake of coatings, which in turn will spur
the demand for acrylic emulsions. The growing use of acrylic
emulsions in graphic arts and premium quality decorative paints used
in residential buildings is a notable factor accentuating the global
market. The swift pace of industrialization, coupled with the vast
rise in disposable incomes, in developing regions will contribute to
the burgeoning demand for acrylic emulsions in such applications. The
rising popularity of water-based paints is a crucial factor
accentuating the market over the forecast period.
Attractive Functional Profile Leads to Low
Threat of Substitutes Benefitting Market
The low threat of substitutes is a prominent
factor that will aid in the rapid expansion of the market.
Manufactures of acrylic emulsions largely benefit from the lack of
suitable alternatives for various end-use applications. The
attractive functional profile of acrylic emulsions in making
high-performing paints and coatings is a noteworthy factor bolstering
its uptake. Pure (100%) acrylic emulsions witness wide applications
for a number of industrial and consumer end-use products, notably
architectural decorative and industrial coatings.
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The rise in infrastructural developments and in
various developing regions and a burgeoning construction industry are
likely to expand the opportunities in the market in the years to
come.
The study presented here is based on a report by
Transparency Market Research (TMR) titled “Acrylic Emulsions Market
(Product Type - Acrylics and Vinyl Acetate Polymer; Application -
Water-based Paints, Adhesives & Sealants, and Paper/Paperboard
Coatings) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2017 - 2022”
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