Waterborne Acrylic Resin Market Size Projected to Garner USD 9.5 Billion by 2032 growing at 5.3% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Global Waterborne Acrylic Resin Market Size is predicted to reach USD 9.5 Billion by 2032 from USD 5.8 Billion in 2022, at a CAGR of 5.3% between 2023 and 2032, as per the Acumen Research and Consulting

Waterborne acrylic resin has experienced significant growth in the industrial sector in recent years, driven by a combination of environmental concerns, regulatory changes, and technological advancements. As industries seek more sustainable and eco-friendly alternatives, waterborne acrylic resins have gained popularity as they contain lower levels of volatile organic compounds (VOCs) compared to traditional solvent-based resins. This makes them a preferred choice for manufacturers looking to comply with stringent environmental regulations and reduce their carbon footprint.

Additionally, waterborne acrylic resins offer several performance advantages, such as excellent adhesion, durability, and resistance to weathering and chemicals. These properties make them suitable for a wide range of applications, including coatings, adhesives, and sealants. The growing emphasis on eco-friendly products and the increasing demand for high-performance coatings have contributed to the waterborne acrylic resin market growth. As research and development efforts continue to enhance the formulation and properties of these resins, their adoption in various industries is expected to further accelerate in the coming years.

Waterborne Acrylic Resin Market Analysis

Waterborne Acrylic Resin Market Statistics

  • Global Waterborne Acrylic Resin Market value was worth USD 5.8 Billion in 2022, with a 5.3% CAGR from 2023 to 2032
  • North America Waterborne Acrylic Resin Market share occupied around 37% in 2022
  • By type, the emulsion segment captured the majority share of the market in 2022
  • By end use, the building & construction segment is expected to show noticeable growth during the predicted period
  • Growing awareness of health and safety concerns associated with solvent-based products, propel the Waterborne Acrylic Resin Market revenue

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Waterborne Acrylic Resin Market Trends

The waterborne acrylic resin market has witnessed robust growth in recent years, driven by several key factors. One of the primary drivers is the rising awareness and emphasis on environmental sustainability. As regulatory bodies worldwide impose stricter guidelines regarding volatile organic compound (VOC) emissions, industries are increasingly shifting towards waterborne formulations, including acrylic resins, to comply with these stringent standards. This transition aligns with the global movement towards greener and more sustainable practices, fostering the growth of the waterborne acrylic resin market.

Furthermore, the expanding construction and automotive sectors have significantly contributed to the increasing demand for waterborne acrylic resins. These resins are widely utilized in architectural coatings, automotive paints, and industrial coatings due to their versatility, durability, and low environmental impact. As infrastructure development and automotive production continue to surge in various regions, the demand for waterborne acrylic resins is expected to remain on an upward trajectory. The market is also propelled by ongoing research and development efforts focused on enhancing the performance characteristics of these resins, making them even more attractive to a diverse range of industries seeking high-quality and environmentally friendly coating solutions. Overall, the waterborne acrylic resin industry is poised for sustained growth, driven by a combination of regulatory trends, industry demands, and continuous innovation.

Waterborne Acrylic Resin Market Segmentation

Acumen Research and Consulting has segmented the global Waterborne Acrylic Resin Market by type, application, end use, and region.

  • By type, the industry is categorized into emulsion, urethane-acrylic, solution, and others.
  • By application, the market is divided into coating, textile finishes, adhesives, and others.
  • By end use, the market is bifurcated into building & construction, furniture, automotive, packaging, adhesives & sealants, textile, and others.
  • By region, the market is classified into Asia-Pacific, Latin America, North America, Europe, and the MEA.

Waterborne Acrylic Resin Market Regional Overview

According to the waterborne acrylic resin industry analysis, the Asia-Pacific region has emerged as a key growth hub for the waterborne acrylic resin market, experiencing substantial expansion in recent years. One of the primary drivers of this growth is the rapid industrialization and urbanization witnessed across countries in the region. As construction activities soar to meet the demands of expanding populations and urban development, there is a heightened need for high-performance coatings, where waterborne acrylic resins find extensive applications. The construction industry, in particular, utilizes these resins in architectural coatings for their eco-friendly profile and excellent adhesion and durability properties. Moreover, the automotive sector in the Asia-Pacific region has been a major contributor to the increased demand for waterborne acrylic resins. The growing middle class, rising disposable incomes, and increasing automobile production in countries like China and India have driven the demand for advanced coatings with enhanced performance characteristics. The combination of burgeoning construction activities and a thriving automotive industry positions the Asia-Pacific region as a significant player in the global waterborne acrylic resin market, with sustained growth anticipated in the foreseeable future.

Waterborne Acrylic Resin Market Players

Some of the prominent Waterborne Acrylic Resin Market companies are BASF SE, Evonik Industries AG, Dow Chemical Company, RPM International Inc., The Sherwin-Williams Company, AkzoNobel N.V., Nippon Paint Co., Ltd., Nippon Shokubai Co., Ltd., PPG Industries, Inc., Arkema S.A., Eastman Chemical Company, and Huntsman Corporation.

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