Market Size of Acrylic Emulsions Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acrylic Emulsions Market Analysis
The market for acrylic emulsions is expected to register at a CAGR of over 5% during the forecast period.
COVID-19 negatively impacted the market as all the industries halted their manufacturing processes. Lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021 is expected to benefit the market during the forecast period.
- The major factors driving the market studied are the growing demand for water-based paints. It is due to the rising input costs for solvent-based paints.
- However, the growing preference for polyurethane in coating applications is expected to restrain the market growth.
- Growth and expansion of buildings and construction industry and increasing awareness about the benefits of acrylic emulsions technique act as opportunities for market growth.
- Asia-Pacific is expected to dominate the global market due to rapid urbanization and industrialization, leading to a massive demand for acrylic emulsions from countries such as China, Japan, and India.
