The Waterborne Acrylic Resin Market Size accounted for USD 5.8 Billion in 2022 and is projected to achieve a market size of USD 9.5 Billion by 2032 growing at a CAGR of 5.3% from 2023 to 2032.
Waterborne Acrylic Resin Market Highlights
Waterborne acrylic resin is a type of resin that is dispersed in water instead of traditional organic solvents. This environmentally friendly alternative has gained significant traction in various industries due to its low volatile organic compound (VOC) content, reduced environmental impact, and compliance with stringent regulations on emissions. Waterborne acrylic resins are widely used in the formulation of paints, coatings, adhesives, and sealants, offering excellent durability, adhesion, and weather resistance.
The market for waterborne acrylic resins has experienced substantial growth in recent years, driven by the increasing awareness of environmental concerns and the tightening of regulations related to VOC emissions. As industries across the globe seek sustainable and eco-friendly solutions, the demand for waterborne acrylic resins has surged. The construction and automotive sectors, in particular, have embraced these resins for their versatility and performance characteristics. Additionally, the growing trend of eco-conscious consumer choices has further fueled the market growth, as manufacturers strive to develop products that align with sustainability goals.
Global Waterborne Acrylic Resin Market Trends
Waterborne Acrylic Resin Market Report Coverage
|Waterborne Acrylic Resin Market
|Waterborne Acrylic Resin Market Size 2022
|USD 5.8 Billion
|Waterborne Acrylic Resin Market Forecast 2032
|USD 9.5 Billion
|Waterborne Acrylic Resin Market CAGR During 2023 - 2032
|Waterborne Acrylic Resin Market Analysis Period
|2020 - 2032
|Waterborne Acrylic Resin Market Base Year
|Waterborne Acrylic Resin Market Forecast Data
|2023 - 2032
|By Type, By Application, By End Use, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|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.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Waterborne acrylic resin is a type of acrylic polymer that is dispersed in water, eliminating the need for traditional organic solvents. This eco-friendly alternative has gained widespread use in various industries due to its low volatile organic compound (VOC) content and environmental benefits. Waterborne acrylic resins are known for their versatility and ability to deliver high-performance characteristics in applications such as paints, coatings, adhesives, and sealants. In the paint and coating industry, waterborne acrylic resins are extensively used as binders for architectural coatings, contributing to the formulation of durable and environmentally responsible paints. These resins offer excellent adhesion to various surfaces, weather resistance, and color retention. Additionally, waterborne acrylic resins find applications in adhesives and sealants, providing strong bonding capabilities across different substrates.
The waterborne acrylic resin market has witnessed significant growth in recent years, driven by a combination of regulatory initiatives, environmental consciousness, and the quest for high-performance coatings and adhesives. Stringent regulations limiting the use of volatile organic compounds (VOCs) in coatings and paints have spurred the adoption of waterborne acrylic resins as an eco-friendly alternative. With a lower environmental impact and reduced health risks, these resins have become increasingly popular in various industries, including construction, automotive, and packaging. The market's growth is further fueled by the increasing awareness among consumers and industries regarding the importance of sustainable and green practices. Waterborne acrylic resins offer not only compliance with environmental standards but also enhanced performance characteristics, such as durability and weather resistance. As manufacturers continue to invest in research and development to improve the formulation and application properties of waterborne acrylic resins, the market is poised for continued expansion.
Waterborne Acrylic Resin Market Segmentation
The global Waterborne Acrylic Resin Market segmentation is based on type, application, end use, and geography.
Waterborne Acrylic Resin Market By Type
According to the waterborne acrylic resin industry analysis, the emulsion segment accounted for the largest market share in 2022. Emulsion-based waterborne acrylic resins are characterized by their stable, colloidal suspension in water, making them ideal for use in coatings, adhesives, and sealants. This segment's growth is particularly pronounced in the paint and coating industry, where the demand for environmentally friendly alternatives has surged due to tightening regulations on volatile organic compound (VOC) emissions. One of the key factors contributing to the growth of the emulsion segment is the increasing emphasis on sustainability and eco-friendly solutions. Emulsion-based waterborne acrylic resins align with these priorities, offering low VOC content and reduced environmental impact. The construction sector, in particular, has witnessed a significant uptake of emulsion-based coatings for applications such as architectural paints, as these resins provide excellent adhesion, durability, and color retention.
Waterborne Acrylic Resin Market By Application
In terms of applications, the coating segment is expected to witness significant growth in the coming years. Waterborne acrylic resins in coatings have gained prominence as an environmentally friendly alternative to solvent-based counterparts, responding to the escalating demand for sustainable solutions in various industries. Regulatory pressures aimed at reducing volatile organic compound (VOC) emissions have been a key driver, steering manufacturers and end-users toward waterborne acrylic resins, which inherently exhibit lower VOC content. The growth of the coating segment can be attributed to the versatility of waterborne acrylic resins in formulating high-performance coatings for diverse substrates, including wood, metal, and plastics. These resins offer attributes such as excellent adhesion, UV resistance, and durability, making them well-suited for applications in architectural coatings, automotive finishes, and industrial coatings. The construction industry, in particular, has witnessed a surge in the use of waterborne acrylic resin-based coatings for architectural paints, primers, and protective coatings.
Waterborne Acrylic Resin Market By End Use
According to the waterborne acrylic resin market forecast, the building & construction segment is expected to witness significant growth in the coming years. Waterborne acrylic resins have become a preferred choice in construction applications due to their low volatile organic compound (VOC) content, which aligns with stringent environmental regulations. These resins offer excellent adhesion, weather resistance, and durability, making them suitable for a wide range of construction-related coatings, sealants, and adhesives. Architectural coatings, in particular, have witnessed a surge in the use of waterborne acrylic resins in applications such as exterior and interior paints, primers, and protective coatings. The emphasis on green building practices and the increasing awareness of eco-friendly construction materials have driven the demand for waterborne acrylic resin-based products in the building and construction sector. Additionally, as urbanization and infrastructure development continue globally, the market for waterborne acrylic resins in construction applications is expected to grow further, fueled by the need for sustainable solutions that meet both performance and environmental standards.
Waterborne Acrylic Resin Market Regional Outlook
The Middle East & Africa
Waterborne Acrylic Resin Market Regional Analysis
North America has emerged as a dominating region in the waterborne acrylic resin market, driven by several factors contributing to its sustained growth and market leadership. One key aspect is the region's stringent environmental regulations, which have led to a heightened demand for eco-friendly and low volatile organic compound (VOC) content products. Waterborne acrylic resins align closely with these regulations, and their adoption has been accelerated as industries seek compliance with environmental standards, particularly in the United States and Canada. The region's commitment to sustainability and reducing the environmental impact of coatings and adhesives has positioned waterborne acrylic resins as a preferred choice for manufacturers and end-users alike. Moreover, the robust construction and automotive sectors in North America have significantly contributed to the dominance of waterborne acrylic resins in the market. The construction industry, in particular, has witnessed a surge in demand for waterborne acrylic resin-based coatings in architectural paints, sealants, and adhesives, driven by the region's focus on energy-efficient and green building practices. In the automotive sector, the use of waterborne acrylic resins in coatings for vehicle finishes has gained momentum due to their excellent performance characteristics and adherence to environmental regulations.
Waterborne Acrylic Resin Market Player
Some of the top waterborne acrylic resin market companies offered in the professional report include 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.
The waterborne acrylic resin market size was USD 5.8 Billion in 2022.
The CAGR of waterborne acrylic resin is 5.3% during the analysis period of 2023 to 2032.
The key players operating in the global market are including 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.
North America held the dominating position in waterborne acrylic resin industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of waterborne acrylic resin during the analysis period of 2023 to 2032.
The current trends and dynamics in the waterborne acrylic resin industry include stringent environmental regulations favoring low VOC content, increasing demand for eco-friendly and sustainable coatings, and growing awareness of health and safety concerns associated with solvent-based products.
The coating application held the maximum share of the waterborne acrylic resin industry.