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.
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.
Explore Transparency Market Research’s award-winning coverage of the global Industry:https://www.prnewswire.com/news-releases/covid-19-lockdowns-lead-to-surge-in-snacking-and-unlock-new-growth-opportunities-north-america-to-dominate-snack-products-market-opines-tmr-301123816.html
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.
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 market is driven by widespread use of acrylic emulsions in paints and coatings and adhesives and sealants,
- A substantial rise in construction activities in residential and commercial sector is expected to create promising avenues for market players.
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”
The global acrylic emulsions market is segmented based on:
- Vinyl Acetate Polymer
- Water-based Paints
- Adhesives & Sealants
- Paper/Paperboard Coatings
About Us :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.