Waterborne Acrylic Resin Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

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

• Global Waterborne Acrylic Resin Market revenue is expected to increase by USD 9.5 Billion by 2032, with a 5.3% CAGR from 2023 to 2032
• North America region led with more than 37% of Waterborne Acrylic Resin Market share in 2022
• Asia-Pacific Waterborne Acrylic Resin Market growth will record a CAGR of more than 5.9% from 2023 to 2032
• By type, the emulsion segment captured more than 67% of revenue share in 2022.
• By end use, the building & construction segment is projected to expand at the fastest CAGR over the projected period
• Increasing demand for eco-friendly and sustainable coatings, drives the Waterborne Acrylic Resin Market value

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

Market Drivers

• Stringent environmental regulations favoring low VOC content
• Increasing demand for eco-friendly and sustainable coatings
• Growing awareness of health and safety concerns associated with solvent-based products
• Expanding applications in construction and automotive industries
• Advancements in technology leading to improved performance characteristics

Market Restraints

• High production costs compared to conventional solvent-based resins
• Challenges in achieving comparable performance to solvent-based counterparts

Market Opportunities

• Rising consumer preference for environmentally friendly products
• Development of novel formulations to address specific industry needs

Waterborne Acrylic Resin Market Report Coverage

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

• Emulsion
• Urethane-acrylic
• Solution
• Others

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

• Coating
• Textile finishes
• Adhesives
• Others

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

• Building & construction
• Furniture
• Automotive
• Packaging
• Adhesives & sealants
• Textile
• Others

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

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)