Published on : Oct 24, 2017
Albany, New York, October 24, 2017: Presently, the two major choices available for home painters are of oil and acrylic emulsions. Out of the two, acrylic emulsions are a chiefly preferred paint choice. Therefore, it would not be wrong to say that the increasing number of residential complexes and commercial buildings that display a substantially high demand for paints and coatings are indirectly promoting the acrylic emulsions market. Market Research Hub (MRH) has freshly broadcasted a study titled “Acrylic Emulsions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” to its wide repository, which presents a historical market analysis for the period 2012 to 2016 along with a comprehensive forecast estimated for the period 2017 to 2022. According to the study evaluations, the global acrylic emulsions market will grow steadily at a CAGR of 8.2% for the forecast period between 2017 and 2022.
Acrylic emulsion paints have been widely used by artists since their development in the late 1950s.The main characteristic of acrylic paint is, it dries very fast. It contains many types of pigments dissolved in an acrylic polymer emulsion. Once they get dried-up they become water resistant, otherwise, they can easily mix up with water. Major applications of acrylic emulsions are water-based paints, adhesives & sealants, paper/paperboard coatings and others. Presently, in developing economies, rapid industrial development and urbanization are also stoking the demand for acrylic emulsions for adhesives and sealants. In terms of product type, the market is classified into acrylics, vinyl acetate, and others. Among these, acrylics is estimated to create 62.9% of the overall demand for acrylics emulsion in 2017, due to its physical properties.
Geographically, the global acrylic emulsions market for the current and forecasted period is focused on the prime regions; namely, North America, Europe, Asia Pacific except Japan, Latin America, and Middle East & Africa. In addition, the study provides a critical view of the global acrylic emulsions market by segmenting it on the basis of product type and application. Each of these segments has been studied based on present and future trends. In 2017, Asia Pacific except Japan is expected to emerge as the most productive region for companies operating in this market. On the other hand, the North America acrylic emulsions market is expected to continue to remain attractive regional segment in this market.
Moreover, the report also examines market drivers, challenges, and opportunities that are expected to have a bearing on the market over the said forecast period. As per the key findings, in terms of revenue, the global market for acrylic emulsions will be worth US$8,792.6 mn by the end of 2022 from its evaluated worth of US5,915.9 mn in 2017. It has been analyzed that the market is benefiting from rising disposable incomes leading individuals to spend substantially on high-quality decorative paints.
Additionally, the vendor landscape section is also provided which throws light on the chief player’s dominant in this market. The leading companies in this market include Arkema S.A., BASF SE, Clariant, Lubrizol Corporation, DIC Corporation, H.B. Fuller, Synthomer Plc., Celanese Corporation, DIC Corporation, Ashland Inc., The and The Dow Chemical Company. The report also states that most of the leading players are focused on product launches, mergers and acquisitions, and expanding their outreach to strengthen their market share.
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