The global acrylic emulsions market is gaining
from the large number of applications of acrylic emulsions in
adhesives and sealants, paints and coatings, construction additives,
and paper coatings among others. This is because acrylic emulsions
impart properties of enhanced process ability, performance, and
appearance to end products. Also, the low threat of substitutes due
to the low possibility of substitution in most applications is acting
in favor of the acrylic emulsions market. While acrylic emulsions are
largely similar to polymer dispersions in terms of properties, the
large particle size of emulsions gives them an edge over polymer
dispersions.
Rising disposable incomes leading individuals to spend substantially high amounts on superior quality decorative paints for interior and exterior use is boosting the demand for acrylic emulsions in paints and coatings. Besides this, recovery of the construction sector and infrastructural development across several countries is also aiding the growth of the acrylic emulsions market.
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Pure acrylic emulsions are extensively used in the
formulation of a number of consumer and industrial end-use products.
This includes architectural decorative coatings for exterior and
interior use, building materials, industrial coatings, glass-fiber
secondary binders for tissues and veils, and non-woven, high-loft
applications.
In terms of the demand-supply scenario, the
bargaining power of raw material suppliers is moderate due to the low
raw material demand and supply gap, threat of forward integration,
and fixed number of global buyers. Further, the bargaining power of
buyers is low as the acrylic emulsions market is a highly organized
one. The limited number of application specific manufacturers also
account for the low bargaining power of buyers.
According to a market study by Transparency Market
Research (TMR), the global acrylic emulsions market will expand at a
CAGR of 8.2% between 2017 and 2022 in terms of revenue. Progressing
at this rate, the market is expected to attract a revenue valuation
of US$8,792.6 mn by the end of 2022 up from its estimated worth of
US$5,915.9 mn in 2017.
Global Acrylic Emulsions Market: Key Insights
Among the key product types, acrylics is expected
to hold the leading 62.9% of the market in 2017. In absolute numbers,
the acrylics product segment is estimated to be valued at US$3,
7187.7 mn in 2017. Displaying the leading year on year growth of
US$362.9 mn, the acrylics product segment is estimated to touch a
valuation of US$5,533.0 mn by 2022-end. The segment is estimated to
represent 62.9% of the market by the end of 2022.
As per the application classification, water-based
paints, adhesives and sealants, paper/paperboard coatings, and others
are the segments into which the global acrylic emulsions market is
divided.
From a geographical standpoint, the report takes
stock of the potential of acrylic emulsions market in the regions of
North America, Latin America, Europe, Asia Pacific except Japan,
Japan, and the Middle East and Africa. Amongst all, Asia Pacific
except Japan is expected to lead the global acrylic emulsions market
in 2017 vis-à-vis revenue, and the region is anticipated to hold on
to its leading position over the forecast period.
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Global Acrylic Emulsions Market: Competitive
Analysis
The global acrylic emulsions market features a
competitive vendor landscape with a presence of a large number of
well-entrenched and local players. Arkema S.A, BASF SE, Clariant,
H.B. Fuller, Synthomer Plc., Ashland Inc., Celanese Corporation, DIC
Corporation, The Lubrizol Corporation, and The Dow Chemical Company
are the key companies that operate in the global acrylic emulsions
market. Most of the leading players are focused on product launches,
mergers and acquisitions, and expanding their outreach to strengthen
their market share.
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