Acrylic Polymer Market Value, Growth, and Trends
The acrylic polymer market refers to the industry involved in the production and supply of acrylic-based polymers. Acrylic polymers are synthetic resins made from acrylic acid or its derivatives. These polymers exhibit excellent transparency, weather resistance, chemical resistance, and durability, making them suitable for a wide range of applications.
Some of the key players profiled in the study are Dow Inc (United States), BASF SE (Germany), Toagosei Co (Japan), Sumitomo Seika Chemicals Co (Japan), Arkema (France), Nippon Shokubai Co (Japan), Ashland Global Holdings (United States), LG Chem (South Korea), Sumitomo Chemicals (Japan), DIC Corporation (Japan), Wacker Chemie AF (Germany).
According to HTF Market Intelligence, the Global Acrylic Polymer market to witness a CAGR of 4.1% during forecast period of 2024-2030. Global Acrylic Polymer Market Breakdown by Application (Thickeners, Biomedical Materials, Instant Adhesive, Other) by Type (Sodium Polyacrylate, Polyvinyl Acetate, Polyacrylamide) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 580 Million.
Market Trends:
- Growing Demand for Bio-based Acrylic Polymers
- Advancements in Polymer Technology
Market Drivers:
- Increasing Demand for Paints and Coatings
- Growth of the Construction Industry
Market Restraints:
- Volatility in Raw Material Prices
- Competition from Other Polymers
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