Market Size of Polyacrylate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polyacrylate Market Analysis
The polyacrylate market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. Polyacrylate is used as a thickening agent in paints, coatings, and adhesives to change the rheological properties of the respective material. Considering the pandemic scenario, the construction activities were stopped during the COVID-19 lockdown, thus decreasing the consumption of paints, coatings, and adhesives, which negatively impacts the demand for thickeners and polyacrylate.
- Over the short term, the increasing demand for paints and coatings from the construction sector is expected to drive the market's growth.
- On the flip side, the availability of biodegradable alternatives like thermal poly aspartate is likely to hinder the market's growth.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Polyacrylate Industry Segmentation
Polyacrylate is a polymer material with notable clarity and flexibility, and its glass transition temperature lies below room temperature. Major acrylic polymers include polymethyl acrylate and polyethyl acrylate, which can be produced by the polymerization of acrylic esters. Polyacrylates are mainly used as a thickening agent in paints, adhesives, and coatings. The polyacrylate market is segmented by application and geography. By application, the market is segmented into adhesives, paints and coatings, dispersants, and other applications. The report also covers the market size of and forecasts for the polyacrylate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
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| Adhesives | |
| Paints and Coatings | |
| Dispersants | |
| Other Applications |
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Polyacrylate Market Size Summary
The polyacrylate market is experiencing a recovery trajectory following the setbacks caused by the COVID-19 pandemic, which had a detrimental impact on demand due to halted construction activities. Polyacrylate serves as a crucial thickening agent in paints, coatings, and adhesives, industries that are integral to the construction sector. The resurgence in construction activities, particularly in the Asia-Pacific region, is anticipated to drive market growth. However, the emergence of biodegradable alternatives like thermal poly aspartate poses a potential challenge to the market's expansion. The Asia-Pacific region is projected to maintain its dominance, fueled by robust construction activities in countries such as China, India, and Japan, which are significant consumers of polyacrylate.
The paints and coatings segment remains the primary consumer of polyacrylate, with increasing global construction activities bolstering demand. The expansion of the middle-class housing segment, driven by rising disposable incomes, further propels the market. In North America and Europe, the shift towards water-borne coatings, due to stringent VOC emission regulations, is influencing market dynamics. Key players in the market, including BASF SE, Arkema, LG Chem, Kao Corporation, and Dow, are actively enhancing production capabilities to meet growing demand. Strategic investments and expansions, such as those by LG Chem and BASF SE, are expected to strengthen their market positions and support the production of polyacrylate-based products for various applications.
Polyacrylate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Paints and Coatings from the Construction Sector
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1.1.2 Demand from the Cosmetics Industry for Usage as Adhesive
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1.2 Restraints
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1.2.1 Impact of the COVID-19 Pandemic
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1.2.2 Availability of Biodegradable Alternatives like Thermal Polyaspartate
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Adhesives
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2.1.2 Paints and Coatings
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2.1.3 Dispersants
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2.1.4 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 United Kingdom
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2.2.3.2 France
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2.2.3.3 Germany
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 South Africa
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2.2.5.2 Saudi Arabia
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2.2.5.3 Rest of Middle-East and Africa
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Polyacrylate Market Size FAQs
What is the current Polyacrylate Market size?
The Polyacrylate Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Polyacrylate Market?
BASF SE, Arkema, LG Chem, Kao Corporation and Dow are the major companies operating in the Polyacrylate Market.
