Acrylates Copolymer Market Size, Share & COVID-19 Impact Analysis, By Type (Powder and Liquid), By Application (Adhesives & Sealants, Building & Construction, Chemical, Plastic, Paints & Coatings and Others), and Regional Forecast, 2024-2032

The paints and coatings industry primarily drives the acrylates copolymer market size. Owing to excellent pigment binding properties, acrylate copolymers are widely used as binders for interior and exterior paints. In addition, these compounds have a low tendency to pick up dirt, offering a high glossy finish and durability to the substrate. Its unique properties are projected to drive its demand during the forecast period.

Acrylic copolymers find application in cosmetics and skin care products due to their film-forming and stabilizing properties. The increasing consumer focus on personal grooming and appearances has driven the demand for these products, boosting the acrylates copolymer market growth. In addition, acrylate copolymers are utilized in textile and non-oven industries due to their excellent properties like softness, water repellency, and fabric elasticity. They are often used in the production of diapers and hygiene products.

• In Asia Pacific, the government’s initiative supports manufacturing acrylates copolymers. Decisions taken by the government in favor of acrylate copolymers are expected to enhance product quality.

With the automotive sector being one of the largest growing sectors, demand for acrylates copolymers has increased rapidly in recent years. These copolymers are used in the production of automotive weather stripping and seals. These materials provide effective weatherproofing and prevent water, air, and dust from entering the vehicle's interior. In addition, it is employed in automotive applications, including adhesives for interior components, weather stripping, and coatings for plastic parts. They contribute to improved aesthetics and performance.

• The adhesive segment accounted for around 35% of the global acrylates copolymer total sales revenue in 2022.

The major acrylates copolymer consumers by country are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and the UAE in the Middle East. Acrylates copolymers are used in coatings and pressure-sensitive adhesives for automobiles thus driving the demand for the product.

• In 2022, the total production of automotive vehicles in the U.S. was 10.06 million.


• China’s total production of vehicles in the year 2022 was 27.02 million.

Segmentation

Key Insights

The report will cover the following key insights:

• Key Market Trends

• Regulatory Scenario of the Market


• Key Developments in the Market


• Latest Technological Advancement


• Impact of COVID-19 on the Market

Analysis by Type

By type, the powder segment accounts for the largest market share. 

• The powder segment has various applications that offer unique advantages compared to the other forms of acrylates copolymer, such as liquid emulsion or solutions. In addition, in the construction industry, these powders are used in cement-based products such as terrazzo, grouts, and self-leveling compounds to enhance performance and workability.


• Acrylate copolymer powders are widely used in powder coatings for various industries, including construction, automotive and furniture. These powders are applied electrostatically onto the substrate and then cured at high temperatures, resulting in a durable, tough, and protective coating.

Analysis by Application

By application, the adhesives & sealant segment accounts for the largest market share.

• Acrylate copolymers-based adhesives are widely utilized across various industries due to their excellent bonding properties and versatility. It is widely used for bonding paper, cardboard, and other packaging materials in the packaging industry. Furthermore, in the construction sector, adhesives are widely used in materials such as wood panels, plastics, and concrete to improve performance and good adhesion.


• These adhesives provide strong adhesion and fast bonding, making them ideal for box assembly and flexible packaging applications. They are mainly used in the automotive industry for binding components such as glass, trims, and panels. In addition, Acrylic adhesives are utilized to assemble electronic devices, providing electrical insulation and environmental protection.

Regional Insights

Asia Pacific accounts for a significant global acrylates copolymer market share due to favorable markets in the region such as China and India. Rising production of plastic items in this region is boosting the demand for acrylates copolymers.

Plastic Item Exports by Country in 2022,

• China – USD 35.8 Billion


• Germany – USD 11.5 Billion


• U.S. – USD 8.4 Billion


• Italy – USD 4.1 Billion


• France – USD 3.4 Billion

Key Players Covered

The report will include the profiles of key players such as Arkema, Dow, H.B. Fuller Company, Exxon Mobil Corporation., Ineos, Acuro Organics Limited, and The Lubrizol Corporation.

Key Industry Developments:

• March 2023 - SK Geo Centric Co., Ltd., a chemical company affiliated with South Korea's SK Group, announced a new production facility in China that will produce 50,000 tons of ethylene acrylic acid copolymer by 2028.


• March 2023 - BASF broke ground for its new production complex at the Verbund site in Zhanjiang, China. This complex will have a production capacity of approximately 400,000 tons annually.