Waterborne Acrylic Resin Market Size & Share, By Type (Emulsion, Solution, Urethane-Acrylic), Applications, By End Use (Building & Construction, Automotive, Furniture, Packaging, Textile, Adhesives & Sealants), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032
Market Outlook:
Base Year Value (2023)
USD 6.07 Billion
CAGR (2024-2032)
5.3%
Forecast Year Value (2032)
USD 9.66 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:Increasing demand for environmentally friendly coatings in various industries is expected to drive the growth of the waterborne acrylic resin market.
Growing construction and automotive industries, particularly in emerging economies, are likely to provide lucrative opportunities for market growth.
Rising awareness about the benefits of waterborne acrylic resins, such as low VOC emissions and excellent durability, is anticipated to fuel market expansion.
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Type, Applications, End Use |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF SE, Dow Chemical Company, The Sherwin-Williams Company, Nippon Paint, PPG Industries,, Huntsman, Arkema S.A., Eastman Chemical Company, Evonik Industries AG, RPM International, AkzoNobel N.V., Nippon Shokubai |
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High competition from alternative resins, such as solvent-based and powder coatings, may hinder the growth of the waterborne acrylic resin market.
Stringent government regulations regarding the use of certain chemicals in coatings formulations could pose a challenge for market players looking to develop new products.
Regional Forecast:
Largest Region
North America
37% Market Share in 2023
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Asia Pacific: The waterborne acrylic resin market in Asia Pacific is projected to experience rapid expansion owing to the booming construction industry and the rising adoption of water-based coatings in countries like China, Japan, and South Korea. These countries are witnessing a shift towards sustainable and environmentally friendly products, driving the demand for waterborne acrylic resins.
Europe: In Europe, countries like the United Kingdom, Germany, and France are expected to drive the growth of the waterborne acrylic resin market. Stringent regulations aimed at reducing VOC emissions have led to a higher preference for water-based coatings in the region. The construction and automotive industries in these countries are major consumers of waterborne acrylic resins, further fueling market growth.
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Segmentation Analysis:
In terms of segmentation, the global Waterborne Acrylic Resin market is analyzed on the basis of Type, Applications, End Use.
The Waterborne Acrylic Resin market can be segmented by type into Emulsion, Solution, and Urethane-Acrylic. Emulsion acrylic resins are widely used due to their high performance and versatility in various applications. They are commonly used in building & construction, automotive, furniture, packaging, textile, adhesives, and sealants industries.
Applications
In terms of applications, Waterborne Acrylic Resins are extensively used in various industries such as building & construction, automotive, furniture, packaging, textile, adhesives, and sealants. The demand for Waterborne Acrylic Resins is driven by factors such as increasing construction activities, growing automotive production, and rising demand for eco-friendly and sustainable products.
End Use
Waterborne Acrylic Resins are widely utilized in different end-use industries such as building & construction, automotive, furniture, packaging, textile, adhesives, and sealants. The building & construction industry is a major consumer of Waterborne Acrylic Resins due to their excellent adhesion and weather resistance properties. The automotive industry also contributes significantly to the demand for Waterborne Acrylic Resins, as they are used in automotive coatings for better performance and durability. Additionally, Waterborne Acrylic Resins find applications in the furniture, packaging, textile, adhesives, and sealants industries due to their high performance and environmental benefits.
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Competitive Landscape:
The competitive landscape in the Waterborne Acrylic Resin Market is characterized by a mix of established global players and regional manufacturers, all striving to enhance their market share through innovation, strategic collaborations, and expansions. Major companies are focusing on research and development to improve product performance and sustainability, as demand grows for environmentally friendly solutions. With increasing applications in paints, coatings, adhesives, and construction, these companies are investing heavily in production capabilities and technological advancements. Additionally, the market is witnessing significant mergers and acquisitions, enabling companies to leverage synergies and broaden their product portfolios. The competitive dynamics are further shaped by factors such as pricing strategies, customer engagement, and geographic reach.Top Market Players
- BASF SE
- Dow Chemical Company
- Evonik Industries AG
- Arkema S.A.
- Celanese Corporation
- Mitsubishi Chemical Corporation
- Wacker Chemie AG
- Huntsman Corporation
- DSM Coating Resins
- Allnex Belgium S.A.
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