Global Acrylic Emulsions Market Size By Type, By Application, By End-User Industry, By Geographic Scope And Forecast

Acrylic Emulsions Market Size And Forecast

Acrylic Emulsions Market size was valued at USD 10.02 Billion in 2024 and is projected to reach USD 16.96 Billion by 2031, growing at a CAGR of 7.50% from 2024 to 2031.

Acrylic emulsions are a type of water-based dispersion of acrylic polymer particles that are formed by emulsifying acrylic monomers in water with surfactants and polymerization initiators, yielding a stable and versatile liquid mixture.

Acrylic emulsions are utilized in a wide range of applications, including paints & coatings, adhesives, textiles, paper, and construction materials. They serve as binders, thickeners, and stabilizers, enhancing durability, water resistance, and visual appeal. Specific applications include interior and exterior paints, decorative coatings, fabric finishes, paper coatings, and cement additives, among others.

Furthermore, acrylic emulsions are used in a variety of industries due to their versatility, water solubility, and environmental friendliness.

Global Acrylic Emulsions Market Dynamics

The key market dynamics that are shaping the acrylic emulsions market include:

Key Market Drivers

Growing Construction Industry: The expanding construction sector, particularly in emerging nations, is a significant driver of the acrylic emulsions market. Acrylic emulsions are commonly used in paints, varnishes, and adhesives for building purposes. According to the United States Census Bureau, the value of building projects in the United States reached USD 1,792.9 Billion in 2022, up 10.2% from 2021. This increase in construction activity directly contributes to higher demand for acrylic emulsions.

Increasing Demand for Eco-friendly Products: Rising environmental awareness and rigorous laws are driving manufacturers to seek more sustainable solutions. Water-based acrylic emulsions provide a more environmentally friendly alternative to solvent-based products. According to the European Commission, the EU's eco-industry, which includes the manufacturing of low-VOC paints and coatings, is increasing at a rate of approximately 8% per year, with an annual turnover of more than €300 billion. This trend reflects an increasing need for environmentally friendly acrylic emulsions.

Expanding Textile Industry: Acrylic emulsions are widely used in textile applications, especially fabric coating and finishing. The rise of the global textile sector has a direct impact on the demand for acrylic emulsion. According to the World Trade Organization (WTO), worldwide textile and apparel exports reached $825 billion in 2021, recovering from the pandemic-induced downturn and representing an 8.3% rise over 2020. This expansion in the textile industry is likely to boost demand for acrylic emulsions used in textile processing.

Key Challenges:

Environmental Concerns: While acrylic emulsions are typically seen to be more environmentally benign than solvent-based alternatives because of their low volatile organic compound (VOC) emissions, tougher chemical composition, and emission requirements have an impact on manufacturing operations. Manufacturers encounter compliance problems, which result in increased costs and product formulation constraints, thus limiting market expansion.

Competition from Alternative Technologies: Polyurethane coatings are used because of their superior performance qualities, including increased durability and chemical resistance. This trend restricts the expansion of acrylic emulsions, particularly in applications where performance is crucial, such as automotive and industrial coatings, potentially resulting in a decrease in market share for acrylic products.

Key Trends:

Increasing Demand for Low-VOC and Eco-Friendly Products: Due to their lower emissions of volatile organic compounds (VOCs) than solvent-based counterparts, water-based acrylic emulsions are becoming more and more popular among environmentally aware customers and industries. This trend is prompting manufacturers to innovate and develop formulations that are consistent with sustainability goals, increasing the market's appeal in a variety of applications, including paints and coatings.

Rising Application in the Construction Industry: Acrylic emulsions are being more widely employed as construction material additives as infrastructure development continues, particularly in emerging economies. Their ability to improve the durability, flexibility, and adhesion of products such as cement and mortar makes them useful in increasing the performance of construction materials, contributing to the overall growth of the acrylic emulsion market.

Advancements in Technology and Formulations: Acrylic emulsion technology advancements are resulting in products with superior adhesion, water resistance, and durability. These developments are especially relevant in the paints and coatings industry, where excellent performance is necessary. As manufacturers continue to engage in R&D, the availability of specialty acrylic emulsions tailored to specific applications is likely to rise, accelerating market expansion.

Global Acrylic Emulsions Market Regional Analysis

Here is a more detailed regional analysis of the acrylic emulsions market:

Asia Pacific:

According to Verified Market Research, the Asia Pacific region is estimated to dominate the acrylic emulsions market over the forecast period. The Asia Pacific region is rapidly urbanizing, increasing demand for construction materials such as acrylic emulsion-based paints and coatings. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Asia Pacific's urban population is projected to increase from 2.3 billion in 2019 to 3.5 billion by 2050. This urbanization trend is driving infrastructure development and housing building, increasing demand for acrylic emulsions in the region.

The automobile sector in Asia Pacific is quickly expanding, driving up demand for acrylic emulsions used in vehicle coatings and adhesives. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia produced more than 46 million automobiles in 2021, accounting for 57% of world output. China alone made 26 million automobiles. This rapid rise in the automobile industry has a direct impact on the region's need for acrylic emulsions.

Furthermore, Asia Pacific is a major textile and garment manufacturing hub, which drives demand for acrylic emulsions used in fabric finishing and coatings. According to the World Trade Organization (WTO), Asia accounted for 59.5% of global textile exports in 2020, with China the leading exporter. Despite the pandemic's impact, Asia-Pacific textile exports totaled USD 348 Billion in 2020. This strong position in the global textile sector contributes greatly to the region's leadership in the acrylic emulsions market.

North America:

North America is estimated to exhibit substantial growth within the acrylic emulsions market during the forecast period. The North American construction industry, particularly in the United States, is a major driver of the acrylic emulsions market. These emulsions are widely used in paints, varnishes, and adhesives for building purposes. According to the US Census Bureau, total construction investment in the United States reached $1.9 trillion in 2022, up 10.2% from 2021. This increase in construction activity is directly proportional to the rising demand for acrylic emulsions in paints and coatings.

Furthermore, Acrylic emulsions, which are utilized in automobile paints and adhesives, are heavily employed in the North American automotive industry. The US Bureau of Economic Analysis reports that light vehicle sales in the United States reached 13.7 million units in 2022, indicating a recovery trend. Also, the Auto Care Association estimated that the US car aftermarket, which relies primarily on acrylic emulsion-based products, would be worth USD 332.4 Billion in 2021. This thriving automobile industry increases demand for acrylic emulsions in the region.

Europe:

Europe region is estimated to exhibit significant growth within the market during the forecast period. Europe's rigorous environmental rules are pushing up demand for eco-friendly coatings and paints, which is increasing the acrylic emulsion market. According to the European Environment Agency, the EU aims to cut volatile organic compound (VOC) emissions by 40% between 2005 and 2030. As of 2018, emissions had already dropped by 29%. The desire for lower VOC emissions is driving the use of water-based acrylic emulsions in a variety of applications.

Furthermore, Europe's construction industry is progressively embracing sustainable practices, which is driving demand for environmentally friendly building materials such as acrylic emulsion-based paints and coatings. According to the European Construction Industry Federation (FIEC), the construction industry in Europe generated €1,559 billion in 2021, up 5.2% from 2020. Also, the European Commission's Renovation Wave Strategy seeks to treble annual energy renovation rates over the next ten years, increasing demand for high-performance, sustainable coatings based on acrylic emulsions.

Global Acrylic Emulsion Market: Segmentation Analysis

The Acrylic Emulsions Market is segmented based on Type, Application, End-User Industry, and Geography.

Acrylic Emulsions Market, By Type

Pure Acrylic Emulsions

Blended Acrylic Emulsions

Polymer & Copolymer

Based on Type, the market is segmented into Pure, Blended, and Polymer & Copolymer. The pure acrylic emulsion segment is estimated to dominate the acrylic emulsions market due to their superior performance properties, which include good adhesion, durability, and weatherability, making them ideal for use in paints and coatings. Pure acrylic emulsions are becoming increasingly popular due to their low volatile organic compound (VOC) emissions and adaptability in a variety of applications, including construction and textiles.

Acrylic Emulsions Market, By Application

Paints and Coatings

Adhesives and Sealants

Textiles and Nonwovens

Paper and Paperboard Coatings

Construction Additives

Others

Based on Application, the market is divided into Paints & Coatings, Adhesives & Sealants, Textiles & Nonwovens, Paper & Paperboard Coatings, Construction Activities, and Others. The paint & coatings segment is estimated to dominate the market over the forecast period due to the growing popularity of water-based paints, which are valued for their low volatile organic compound (VOC) emissions and environmental benefits. Acrylic emulsions have high adhesion, durability, and UV resistance, making them suitable for architectural, industrial, and automotive coatings.

Acrylic Emulsions Market, By End-User Industry

Building and Construction

Automotive

Packaging

Textiles

Paper and Paperboard

Others

Based on the End-User Industry, the acrylic emulsions market is divided into Building & Construction, Automotive, Packaging, Textiles, Paper & Paperboard, and Others. The building & construction segment is estimated to dominate the market over the forecast period. This dominance is fueled by rising demand for water-based paints and coatings, which are required for both residential and commercial construction projects. Acrylic emulsions improve the durability, flexibility, and adhesion of construction materials, making them suitable for use in cement, mortar, and concrete applications. As urbanization and infrastructure development continue, the building and construction segment is likely to drive up demand for acrylic emulsions, cementing its market leadership.

Acrylic Emulsions Market, By Geography

North America

Europe

Asia Pacific

Rest of the world

Based on Geography, the acrylic emulsions market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to dominate the acrylic emulsions market during the forecasted period due to growing urbanization and significant investments in infrastructure development by nations such as China and India. The rising construction industry, which includes both residential and commercial developments, has resulted in increased demand for acrylic emulsions, particularly in paints and coatings, consolidating the region's market leadership.

Key Players

• The "Acrylic Emulsions Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Dow Inc., Arkema S.A., Synthomer PLC, Celanese Corporation, DIC Corporation, Nippon Shokubai Co., Ltd., The Lubrizol Corporation, Avery Dennison Corporation, Covestro AG, and Mallard Creek Polymers.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Acrylic Emulsion Market Recent Developments
• In March 2023, BASF SE started constructing a new industrial complex at its Verbund site in Zhanjiang, China, which will contain plants for glacial acrylic acid (GAA), butyl acrylate (BA), and 2-ethylhexyl acrylate (2-EHA).
• In February 2023, Celanese Corporation stated that it had completed an ultra-low capital project. This strategy contributes to significant growth in the acetyl chain's downstream vinyl portfolio.
• In August 2022, Arkema S.A. introduced a new acrylic polyol emulsion for industrial paints. It has much lower VOC capabilities and works well in 2K or 1K stoving systems.
• In August 2021, Arkema S.A. acquired Ashland's Performance Adhesives business making it a first-class leader in high performance adhesives for industrial applications in the United States, with a distinctive and creative product portfolio. This move matches effectively with the Group's objective to become a pure Specialty Materials business by 2024.