Acrylates Copolymer Market Size, Share, Growth, and Industry Analysis by Type (Powder, Emulsion and Others) By Application (Hair Care, Facial Care, Body Care and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Acrylates Copolymer Market REPORT OVERVIEW

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The global acrylates copolymer market size was USD 183.9 million in 2022 and is projected to touch USD 252.9 million by 2031, exhibiting a CAGR of 3.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

The acrylates copolymer market refers to the global industry involved in the production, distribution, and sale of acrylates copolymer products. Acrylates copolymer is a type of polymer formed by the copolymerization of two or more monomers, with at least one of them being an acrylate monomer. Acrylates copolymers are widely used in various industries due to their excellent adhesive, film-forming, and rheological properties. They are commonly employed as binders, thickeners, stabilizers, and film formers in a wide range of applications such as coatings, adhesives, sealants, textiles, personal care products, and pharmaceuticals.

The market for acrylates copolymer is driven by the growing demand for high-performance materials in end-use industries. The coating industry, in particular, represents a significant application area for acrylates copolymers, as they provide excellent adhesion, durability, and weather resistance to coatings. Additionally, the rising demand for eco-friendly and sustainable products has led to the development of bio-based acrylates copolymers, further expanding the market opportunities.

COVID-19 Impact: Supply Chain Disruptions to Limit the Market Demands

COVID-19 caused disruptions in global supply chains due to lockdowns, travel restrictions, and reduced manufacturing activities. This disruption affected the production and transportation of raw materials required for the manufacturing of acrylates copolymers. As a result, there may have been shortages in the supply of acrylates copolymers, leading to price fluctuations. The pandemic led to a decline in overall economic activity, including construction, automotive, and packaging sectors, which are significant consumers of acrylates copolymers. The slowdown in these industries resulted in reduced demand for acrylates copolymers during the pandemic period.

LATEST TRENDS

"Rising Focus on Sustainable Products to Augment the Market Growth"

Acrylates Copolymer is widely used in personal care products such as hair care, skin care, and cosmetics. It provides benefits such as film-forming, thickening, and stabilizing properties. With the increasing consumer demand for innovative and high-performance personal care products, the demand for Acrylates Copolymer is expected to rise. There is a growing emphasis on sustainability and eco-friendly products across various industries. Acrylates Copolymer manufacturers are increasingly focusing on developing sustainable and bio-based alternatives to conventional acrylic copolymers. This trend is driven by environmental concerns and the need for greener solutions.

Acrylates Copolymer Market Segmentation

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• By Type Analysis

By type, market is segmented into powder, emulsion and others. The powder type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into hair care, facial care, body care and others. The hair care segment will lead the global share through 2031.

DRIVING FACTORS

"Growing Construction and Infrastructure Development to Push the Market"

Acrylates Copolymers are widely used in the personal care and cosmetics industry due to their excellent film-forming, adhesion, and water resistance properties. They are used in products such as hair styling gels, nail polishes, creams, lotions, and sunscreens. The increasing demand for personal care and cosmetic products worldwide drives the growth of the Acrylates Copolymer market. Acrylates Copolymers exhibit strong adhesive properties, making them valuable in the adhesives and sealants industry. They are used in various applications, including construction, automotive, packaging, and electronics. The growth of these industries, particularly in emerging economies, fuels the demand for Acrylates Copolymers. The construction industry plays a significant role in driving the demand for Acrylates Copolymers. These copolymers are used in construction materials such as paints, coatings, and sealants due to their excellent weatherability, flexibility, and adhesion properties. With increasing infrastructure development projects worldwide, the demand for Acrylates Copolymers is expected to rise.

"Shift towards Water-Based and Environmentally Friendly Products to Boost the Market Demands"

Acrylates Copolymers find extensive usage in the packaging industry, especially in flexible packaging applications. They provide excellent clarity, transparency, and impact resistance to packaging materials. The growing demand for convenient and lightweight packaging solutions, coupled with the expanding e-commerce sector, drives the Acrylates Copolymer market. Acrylates Copolymers are often preferred over solvent-based alternatives due to their low volatile organic compound (VOC) content and compatibility with water-based formulations. With increasing environmental concerns and regulations, there is a growing shift towards water-based and environmentally friendly products, which drives the demand for Acrylates Copolymers. Ongoing research and technological advancements contribute to the development of new and improved Acrylates Copolymers with enhanced properties. These advancements expand the application areas of Acrylates Copolymers and drive market growth by addressing specific industry needs.

RESTRAINING FACTORS

"Volatility in Raw Material Prices to Slow the Market Growth "

Acrylates Copolymers are derived from petrochemical sources, and their production and disposal can contribute to environmental pollution. Increasing awareness and regulations related to sustainability and environmental impact may restrain the market growth as consumers and industries seek more eco-friendly alternatives. Acrylates Copolymer production relies on the availability and cost of raw materials such as acrylic acid and other monomers. Fluctuations in the prices of these raw materials can impact the overall cost of production, leading to reduced profit margins and hampering market growth.

Acrylates Copolymer Market REGIONAL INSIGHTS

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"North American Market to Grow Exponentially with the Forecasted Period"

The North American region, including the United States and Canada, has a significant presence in the Acrylates Copolymer Market. The region is driven by robust end-use industries such as adhesives, paints and coatings, and personal care products. Technological advancements, research and development activities, and a focus on sustainable and eco-friendly products contribute to market growth in this region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• DOW (U.S.)
• Arkema (France)
• BASF (Germany)
• Lubrizol (U.S.)
• SENSIENT (U.S.)
• Rheolab (UK.)
• DSM (Netherlands)
• Ashland (U.S.)
• Tinci (China)
• SINABT (South Korea)
• Nouryon (Netherlands)
• Phoenix Chemical ()
• KCI Limited (South Korea)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.