Acrylic Polymer Market Size To Reach $884.7 Million By 2030

Acrylic Polymer Market Growth & Trends

The global acrylic polymer market size is anticipated to reach USD 884.7 million by 2030, growing at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Acrylic polymers find extensive applications in paints and coatings, adhesives, sealants, and textiles due to their superior properties such as durability, weather resistance, and adhesion. As these industries continue to expand globally, the demand for acrylic polymers is expected to increase steadily.

The shift toward eco-friendly and sustainable materials is driving the growth of acrylic polymers. With growing awareness of environmental issues and regulations aimed at reducing carbon footprints, there is an increasing preference for acrylic polymers with bio-based or recycled ingredients. Companies are investing in research & development to develop more environmentally friendly alternatives to further drive market growth. Furthermore, the versatility of acrylic polymers in providing solutions for various applications and their compatibility with other materials contribute to their increasing acceptance in various sectors.

Technological advancements and innovations in acrylic polymer manufacturing processes are driving market growth. Continuous improvements in manufacturing techniques such as emulsion polymerization and solution polymerization are increasing the efficiency, quality, and cost-effectiveness of acrylic polymer production. In addition, developments in acrylic copolymers and specialty acrylics with tailored properties are expanding the scope of application and driving market penetration into new sectors. Overall, these factors together contribute to the robust growth and expansion of the acrylic polymer industry globally.

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Acrylic Polymer Market Report Highlights

• Based on type, the Polymethyl Methacrylate (PMMA) segment held the largest share, accumulating a USD 233.3 million market size in 2023.

• The water-borne solution segment held the largest market share of 92% in 2023. Water-based acrylic polymers are characterized by their dispersion in water, making them environmentally friendly and having low emissions of volatile organic compounds (VOCs).

• The coatings application segment dominated the market and accounted for the largest revenue of USD 373.7 million in 2023. Acrylic polymers are widely used as binders in coating formulations due to their excellent adhesion, weather resistance, chemical resistance, and durability.

• Asia Pacific dominated the market for acrylic polymer in 2023, due to the growing industrial, textile, automotive, and construction industries, especially in Thailand, the Philippines, Bangladesh, India, Indonesia, and Vietnam.

Acrylic Polymer Market Segmentation

Grand View Research has segmented the global acrylic polymer market based on type, solution, application, and region:

Acrylic Polymer Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polymethyl Methacrylate

• Sodium Polyacrylate

• Polyvinyl Acetate

• Polyacrylamide

• Others

Acrylic Polymer Solution Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water-borne

• Solvent-borne

Acrylic Polymer Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Coatings

• Binders

• Adhesives

Acrylic Polymer Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • U.K.

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Acrylic Polymer Market

• BASF

• Dow Chemical Company

• Arkema

• Celanese Corporation

• Mitsubishi Chemical Corporation

• DuPont

• LG Chem

• Sumitomo Chemical

• SABIC

• Solvay