During the forecast period, the acrylic polymer emulsion market is expected to grow at an 8.2% CAGR of USD 8.94 billion. Furthermore, the market is expected to account for significant growth between 2022 and 2030.
The growing use of Acrylic Polymer Emulsion in various packaging materials such as sanitary boxes, food containers, tubes and cans is expected to drive the growth of the global Acrylic Polymer Emulsion Market. Furthermore, water-based emulsions have increased, increasing the demand for Acrylic Polymer Emulsion in the coatings and paints industry. Aside from that, the global demand for Acrylic Polymer Emulsion is fueled by the expansion of the industrial sector in developing regions and rising investments in the construction and mining industries.
Due to the COVID-19 outbreak, almost every country has tightened travel restrictions. The growing number of infected patients, combined with a total lockdown in major industrial hubs since March 2020, has halted the manufacturing industry. To prevent the spread of the coronavirus, workers have either returned to their hometowns or been quarantined. The demand for residential building construction is expected to be low, as negative consumer sentiment and declining incomes discourage people from looking for new homes. Automobile demand has fallen precipitously as a result of uncertain future conditions. Chemical manufacturers have either ceased production or are operating at low utilization rates. With the lifting of the lockdown, government bodies worldwide are gradually encouraging construction, chemical, automotive, and textile & coatings companies to resume work. Companies are working towards market recovery with the increase in sales in 2021.
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Market segmentation:
The global acrylic polymer emulsion market is divided into end-use industries, types and applications.
By end-use, the market is divided into:
By type, the market is divided into:
By application, the market is divided into:
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Regional analysis:
The global Acrylic Polymer Emulsion Market has been segmented into Europe, Asia-Pacific, North America, Latin America, Africa, and the Middle East.
Because of rising demand from end-use industries such as building and construction, paper and packaging, and textiles, due to the growth of the paper and packaging industries and rising construction spending, demand for acrylic polymer emulsion is expected to rise in developing countries such as China, Japan, and India. Furthermore, the Asia Pacific region is regarded as the largest regional market. Furthermore, European countries such as Sweden, the United Kingdom, Germany and Italy are expected to be the dominant consumers. Furthermore, the Asia Pacific region is regarded as the largest regional market. The North American market is expected to grow steadily during the forecast period due to the region’s rapidly expanding textile and paints & coatings industries.
Recent developments:
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