Market Size of Polyacrylate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| 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?
Polyacrylate Market Analysis
The polyacrylate market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. Polyacrylate is used as a thickening agent in paints, coatings, and adhesives to change the rheological properties of the respective material. Considering the pandemic scenario, the construction activities were stopped during the COVID-19 lockdown, thus decreasing the consumption of paints, coatings, and adhesives, which negatively impacts the demand for thickeners and polyacrylate.
- Over the short term, the increasing demand for paints and coatings from the construction sector is expected to drive the market's growth.
- On the flip side, the availability of biodegradable alternatives like thermal poly aspartate is likely to hinder the market's growth.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
