Waterborne Acrylic Resin Market Set for 4.8% CAGR by 2034

A recent study by Fact.MR reveals that the global waterborne acrylic resin market (水性アクリル樹脂市場) is valued at US$ 6,243.7 million as of 2024. Projections indicate a steady growth trajectory, with the market expected to expand at a Compound Annual Growth Rate (CAGR) of 4.8%, reaching a market worth of US$ 9,945.0 million by 2034.

𝗚𝗲𝘁 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝗽𝘆:

https://www.factmr.com/connectus/sample?flag=S&rep_id=9324

Emerging economies present promising avenues for market expansion, driven by a notable consumer shift towards water-based products. This trend encompasses paints and coatings formulated with waterborne resins, reflecting evolving preferences and heightened awareness regarding environmental and health considerations.

Waterborne acrylic resins stand out for their lower toxicity in comparison to solvent-based alternatives, aligning with consumer preferences for safer alternatives. Heightened awareness of the health risks associated with volatile organic compounds and other harmful chemicals found in traditional coatings fuels this preference. Utilizing waterborne acrylic resins in formulations contributes to enhanced indoor air quality and reduced exposure to harmful fumes.

The growing concern for indoor air quality underscores the importance of creating healthier living spaces. With their minimal Volatile Organic Compounds (VOCs), waterborne acrylic resins facilitate the development of coatings that emit fewer pollutants indoors. This feature holds particular significance in residential settings, where occupants spend considerable time.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗗𝗿𝗶𝘃𝗲𝘀:

driving demand in various industries. Below are some of the key growth drivers:

Environmentally Friendly Properties: With increasing environmental concerns and stringent regulations on volatile organic compounds (VOCs), waterborne acrylic resins offer a sustainable alternative. They have low VOC content and emit fewer harmful chemicals into the atmosphere during application, making them environmentally preferable.

Growing Construction Industry: The construction industry is a major consumer of waterborne acrylic resins, primarily in architectural coatings and paints. The rapid urbanization, infrastructural development, and increasing demand for durable and weather-resistant coatings in construction activities are fueling the growth of the market.

Advancements in Technology: Ongoing advancements in resin technology have led to the development of waterborne acrylic resins with improved performance characteristics, such as better adhesion, flexibility, and chemical resistance. These advancements are expanding the application scope of waterborne acrylic resins across various end-use industries.

Shift Towards Water-Based Coatings: There is a significant shift in preference from solvent-based coatings to water-based coatings due to their lower toxicity, improved safety, and easier cleanup. Waterborne acrylic resins play a crucial role in this transition, particularly in industries such as automotive, packaging, and furniture, driving market growth.

Rising Automotive Production: The automotive industry is witnessing steady growth globally, driven by increasing consumer demand, technological advancements, and government regulations focusing on fuel efficiency and emission control. Waterborne acrylic resins are extensively used in automotive coatings due to their excellent performance properties, contributing to market growth.

Demand from Packaging Industry: The packaging industry is experiencing robust growth, primarily fueled by the e-commerce boom and changing consumer preferences. Waterborne acrylic resins find extensive applications in packaging coatings, inks, and adhesives due to their ability to provide high-quality printing, barrier properties, and protection against moisture and chemicals.

Focus on Cost-Effectiveness: Manufacturers are increasingly focusing on cost-effective solutions without compromising on quality. Waterborne acrylic resins offer advantages such as lower material costs, reduced energy consumption during application, and ease of formulation, making them an economically viable option for various applications.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:

The outlook for the waterborne acrylic resin market (Marché de la résine acrylique à base d'eau) remains positive, with continued expansion expected across multiple industries. As environmental regulations become more stringent and consumer preferences shift towards sustainable products, the demand for waterborne acrylic resins is projected to further increase. Moreover, ongoing research and development activities aimed at enhancing product performance and exploring new application areas are likely to open up additional growth opportunities for market players. Overall, the waterborne acrylic resin market is poised for steady growth in the foreseeable future.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

Dow Inc.
Arkema SA
Allnex GmbH
Sherwin-Williams
Covestro AG
Lubrizol Corporation
DIC Corporation
Kansai Paint Co. Ltd.
Sika AG
BASF SE

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

Key players in the waterborne acrylic resin industry are employing diverse strategies to achieve their objectives. These tactics encompass fostering innovation, implementing rigorous quality control measures, forming strategic alliances, optimizing supply chain management, and continuously advancing their products and technologies.

Recent Development:

In 2022, Arkema bolstered its position in the rapidly expanding market by successfully acquiring Polimeros Especiales, a renowned manufacturer of emulsion resins headquartered in Mexico. This strategic acquisition is poised to elevate Arkema's presence in the sector, particularly through the integration of solvent-free aqueous acrylic resins. Polimeros Especiales, a well-established privately owned Mexican firm, specializes in producing top-tier aqueous resins for various sectors including architecture, textiles, industrial coatings, and construction pressure-sensitive adhesives.

𝗥𝗲𝗮𝗱 𝗠𝗼𝗿𝗲: https://www.factmr.com/report/waterborne-acrylic-resin-market

𝗠𝗮𝗿𝗸𝗲𝘁 𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

By End Use Industry:
Building and Construction
Automotive
Furniture
Packaging
Paints and Coatings
Textiles
Adhesives and Sealants
Others

By Region:
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗠𝗼𝗿𝗲 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗦𝘁𝘂𝗱𝗶𝗲𝘀 𝗣𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵:

Terpene Resin Market (テルペン樹脂市場):

https://www.factmr.com/report/3018/terpene-resin-market

Polyimide resin Market (ポリイミド樹脂市場):

https://www.factmr.com/report/3782/polyimide-resin-market

Unsaturated Polyester Resin Market (不飽和ポリエステル樹脂市場):

https://www.factmr.com/report/4731/unsaturated-polyester-resin-market

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