The global acrylic polymer market size reached USD 591.1 Million in 2021 and is expected to register a revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Increasing usage of high-performance industrial cleaning needs and rapid advancements in industrial technologies, as well as rising demand for sustainable fashion products are driving market revenue growth.
Technological advancements and use of more innovative approaches and techniques for development of more effective products with a sustainability objective are other key factors expected to support revenue growth of the market. For instance, on May 4, 2022, Thai Acrylic Fiber Co. Ltd. (TAF), which is a subsidiary of the Aditya Birla Group, launched Regal, which is a recycled acrylic fiber made from acrylic waste that has already received Global Recycled Standards (GRS) certification.
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Acrylic Polymer Market Size – USD 591.1 Million in 2021, Market Growth – at a CAGR of 6.1%, Market Trends – Increasing demand for sustainable acrylic polymer formulations and products
The latest market intelligence report, titled ‘Global Acrylic Polymer Market ’, is intended to provide the target audience with the necessary information about the global Acrylic Polymer Market industry. The report comprises a detailed analysis of the vital elements of the Acrylic Polymer Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
The latest report encases an in-depth summary of the intensely competitive landscape of the global Acrylic Polymer Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
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Increasing demand for flexographic printing is another key factor driving market revenue growth. Flexographic printing, also known as flexo printing, is a popular method for producing large quantities of custom labels for use in food and beverage packaging, business forms, newspapers, wallpaper, gift wrapping paper, and many others. Water-based acrylic polymers are widely used in the production of flexographic inks. This is primarily due to increased profitability and reduced environmental impact. Significant investments in research & development activities are also contributing to market revenue growth.
Some Key Highlights From the Report :
Polymethyl Methacrylate segment accounted for largest revenue share in 2021. Increasing demand is primarily due to various material properties of polymethyl methacrylate; for instance, the material is hard and has excellent thermal and heat resistance. Majority of commercially available polymethyl methacrylate acrylic polymer has excellent Ultraviolet (UV) stability.
In addition, owing to its lightweight, improved impact resistance, and glass-like appearance, polymethyl methacrylate is commonly used as a shatterproof replacement for glass. It has a 92% light transmission rate and can be easily thermoformed without losing optical clarity. Moreover, when compared to other transparent plastics such as polycarbonate, polymethyl methacrylate has superior scratch resistance, low moisture absorption capacity, good chemical resistance, and superior durability.
Market in North America accounted for moderate revenue share in 2021. Increasing production of plastic materials, as well as rapid product innovations, are driving market revenue growth in this region. Acrylic polymer products have an indispensable role in end-use industries such as automotive, electronics, and construction among others. This is mainly due to the various material benefits offered. In addition, increasing demand from medical device Original Equipment Manufacturers (OEMs) is expected to support market revenue growth in this region.
Competition in the acrylic polymer market :
The Acrylic Polymer Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Key players in the market include Dow, BASF SE, Toagosei Co., Ltd., Sumitomo Seika Chemicals Co., Ltd., Arkema, Nippon Shokubai Co., Ltd., Ashland, Lubrizol Corporation, Chemipol, MCTRON Inc., Nouryon, and Gellner Industrial LLC.
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The Global Acrylic Polymer Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
Emergen Research has segmented global acrylic polymer market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
Paints & Coatings
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Global Acrylic Polymer Market has been classified into the subsequent geographical segments:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report:
What will the Acrylic Polymer Market growth rate be?
What are the primary factors propelling the Global Acrylic Polymer Market ?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the acrylic polymer market ?
Who are the Acrylic Polymer Market distributors, traders, and dealers?
What are the Acrylic Polymer Market opportunities and threats that vendors in the Global Acrylic Polymer industries are confronted with?
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