The Acrylic Polymer Market Industry was valued at USD 0.53 billion in 2022 and is projected to reach USD 0.74 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2023 to 2030.
The acrylic polymer industry has witnessed significant growth in recent years, driven by various factors such as increasing demand from end-use industries, technological advancements, and expanding applications. Acrylic polymers find extensive utilization in sectors like automotive, construction, textiles, and paints & coatings, among others.
One of the key drivers propelling the market growth is the rising demand for acrylic polymers in the automotive sector. These polymers offer exceptional properties such as high impact resistance, durability, and lightweight characteristics, making them ideal for various automotive applications. Additionally, the growing trend of lightweight vehicles to enhance fuel efficiency further boosts the demand for acrylic polymers in this industry.
Furthermore, the construction sector is also a significant consumer of acrylic polymers. These polymers are widely used in construction materials such as adhesives, sealants, and coatings due to their excellent bonding properties, weather resistance, and durability. With the increasing construction activities worldwide, the demand for acrylic polymers in this sector is expected to witness substantial growth.
Moreover, the textile industry is another prominent end-user of acrylic polymers. These polymers are extensively used in the production of synthetic fibers, which find applications in various textile products such as clothing, upholstery, and carpets. The growing population, rising disposable income, and changing fashion trends are driving the demand for textile products, thereby fueling the growth of the acrylic polymer market.
In addition to the aforementioned factors, technological advancements in acrylic polymer manufacturing processes have also contributed to market growth. Continuous research and development efforts have led to the development of advanced acrylic polymers with enhanced properties, such as improved chemical resistance, higher transparency, and better thermal stability. These advancements have widened the scope of applications As a result, acrylic polymers are now being used in various industries including automotive, construction, and healthcare.
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Key Players:
Kamsons Chemicals Pvt. Ltd, Celanese Corporation, Pexi Chem Private Limited, The Dow Chemical Company, The Lubrizol Corporation, Xyntra Chemicals B.V., Asian Paints Ltd., StanChem, Inc., and Other Players.
MARKET SEGMENTATION:
By Type
- Water-borne
- Solvent-borne
By Application
- Laundry & Detergent
- Dish Washing
- Industrial & Institutional
- Hard Surface Cleaning
- Others
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Acrylic Polymer Market Industry By Type
10.Emulsion Acrylic Polymer Market Industry By Application
11.Emulsion Acrylic Polymer Market Industry By End Use
12.Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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