Acopious number of regional as well as locally prominent players account for theintense competition in the global acrylicemulsions 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 isattributed to the threat of forward integration along with no noticeable gap inraw material demand and supply.
Companiesexhibiting 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 growingnumber of leading players are focusing on product launches and entering intomergers and acquisitions, in a move to maintain a stronghold in the market,finds TMR. Several top players are keen on expanding their presence to newgeographic areas in order to consolidate their shares.
Accordingto TMR, the global acrylic emulsions market was worth US$5,915.9 million in2017 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 majorproduct types are acrylics and vinyl acetate polymer. Of all the key segments,acrylics leads the pack and accounted for the dominant share in 2017. Theproduct segment is expected to hold its sway throughout the forecast period byregistering the leading year-on-year absolute growth. Expanding at a CAGR of8.3% during the assessment period, the acrylics segment will be worthUS$5,533.0 million by the end of 2022. The vastly rising uptake of acrylic invarious consumer and industrial end-use products is driving the growth of thesegment.
Geographically,Asia Pacific except Japan (APEJ), is projected to present substantialattractive opportunities over the forecast period. The region accounted for theleading share in 2017 and is likely to retain its dominance in the coming yearsas well. The APEJ market is estimated to gain 81 basis point in its shareduring 2017–2022.
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ExtensiveUse in Formulating Paints & Coatings for Residential & Commercial SectorBoosts Market
The globalacrylic emulsions market is driven primarily by the widespread use in making inadhesives and sealants, construction additives, paper coatings, and paints andcoatings. The wide use is attributed to several attractive properties theseemulsions exhibit. The ability to enhance the processing ability, boostperformance, and improve the appearance of various end products are some of thecompelling functions accounting for the ideal use of acrylic emulsions.
The vaststrides experienced by the construction sector in several developing economiesis aiding in the rapid expansion of the market. A substantial rise inresidential and commercial building activities in a number of emerging anddeveloped nations is fueling the uptake of coatings, which in turn will spurthe demand for acrylic emulsions. The growing use of acrylic emulsions ingraphic arts and premium quality decorative paints used in residentialbuildings is a notable factor accentuating the global market. The swift pace ofindustrialization, coupled with the vast rise in disposable incomes, indeveloping regions will contribute to the burgeoning demand for acrylicemulsions in such applications. The rising popularity of water-based paints isa crucial factor accentuating the market over the forecast period.
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Attractive Functional Profile Leadsto Low Threat of Substitutes Benefitting Market
The lowthreat of substitutes is a prominent factor that will aid in the rapidexpansion of the market. Manufactures of acrylic emulsions largely benefit fromthe lack of suitable alternatives for various end-use applications. Theattractive functional profile of acrylic emulsions in making high-performingpaints and coatings is a noteworthy factor bolstering its uptake. Pure (100%)acrylic emulsions witness wide applications for a number of industrial andconsumer end-use products, notably architectural decorative and industrialcoatings.
The rise ininfrastructural developments and in various developing regions and a burgeoningconstruction industry are likely to expand the opportunities in the market inthe years to come.
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