Waterborne Acrylic Resin Market

Waterborne Acrylic Resin Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global waterborne acrylic resin market will grow at a 4.3% CAGR during the period 2023–2033 to reach a valuation of?US $9927.8 million by 2033.

Key Findings on the Waterborne Acrylic Resin Market

1. Which is the largest market for waterborne acrylic resin?

The biggest market for waterborne acrylic resin is East Asia. As per our analysis, East Asia holds nearly 35.1% share of the waterborne acrylic resin market.

2. What is the largest end-use industry segment within the waterborne acrylic resin market?

As per ChemView Consulting, the largest segment by end-use industry is paints & coatings. As per our analysis, this segment accounts for nearly 44.6% of total revenues.

3. At what rate is the waterborne acrylic resin market expected to grow?

The waterborne acrylic resin market is expected to grow at a CAGR of 4.3% during the period 2023–2033.

4. What are the major trends influencing the waterborne acrylic resin market?

• Automotive Advancements: Waterborne acrylic resins are being used in the automobile industry because of their ability to offer high-gloss surfaces, corrosion resistance, and lower emissions during the production process.
• Increasing DIY Market: An increase in DIY (do-it-yourself) tasks, particularly in home restoration and interior design, is increasing the usage of waterborne acrylic resins in paints and coatings due to their simplicity of use and safety.

5. Who are the leading players in the waterborne acrylic resin market?

The key companies in the waterborne acrylic resin market are Allnex Gmbh, DIC Corporation, The Dow Chemical Company, Covestro AG, Arkema, DSM, Lubrizol Corporation, BASF SE, AkzoNobel N.V., and Sika AG.

Key Drivers for Waterborne Acrylic Resin Demand

• Industries are gradually shifting away from solvent-based resins owing to environmental concerns and regulatory pressure. This transformation is opening up a large market potential for waterborne acrylic resins, which provide similar results without the environmental downsides.
• In addition, ongoing research and development activities are leading to advancements in water acrylic resin compositions, which improve their performance qualities. These developments, such as increased durability, UV resistance, and adhesive qualities, are expanding the spectrum of applications and attracting new customers.
• Furthermore, waterborne acrylic resins have several applications in a variety of industries, such as automotive, construction, packaging, and textiles. As these sectors expand globally, the need for high-performance, waterborne coatings and adhesives is likely to rise, creating a considerable growth opportunity for the market.

Key Challenges Inhibiting Demand for Waterborne Acrylic Resin

• Strict environmental restrictions and VOC (volatile organic compound) limitations have a significant impact on the market for waterborne acrylic resin. Compliance with these requirements frequently necessitates costly modifications to production processes, which may hinder market growth.
• Moreover, waterborne acrylic resins, while environmentally friendly, might have limitations in terms of durability, particularly in harsh outdoor situations. This may limit their use in industries where long-term performance is crucial.

Key Challenges & Opportunities for Waterborne Acrylic Resin Manufacturers

• Obtaining the appropriate performance properties of waterborne acrylic resins can be technically difficult, especially when compared to solvent-based alternatives. Manufacturers may struggle to maintain the same level of performance, which may limit adoption.
• However, government rules encouraging the use of low-VOC and eco-friendly coatings are driving companies to engage in waterborne acrylic resin production.

Country/Region-wise Insights

US Waterborne Acrylic Resin Market Forecast 

• Growing investments in R&D, advances in technology, and a growing emphasis on ecologically friendly practises in the US market are projected to observe significant growth?in the estimated period.
• In addition, stringent laws and recommendations aimed at lowering harmful emissions have prompted the use of waterborne acrylic resins in a variety of industries, including paints & coatings, adhesives, and construction materials.

Europe Waterborne Acrylic Resin Market Outlook

• Rising environmental consciousness and an emphasis on environmentally friendly products have increased demand for water acrylic resins in the Europe market, which is anticipated to drive sales in the market over the assessment period.
• Moreover, the expanding construction and automotive sectors in Europe are likely to drive demand for high-performance coatings and adhesives, which waterborne acrylic resins thrive at.

Japan Waterborne Acrylic Resin Market Forecast

• Ongoing research and development efforts in the Japan market are anticipated to drive the market over the forecasted period.
• Additionally, the robust expansion of sectors such as automotive, construction, and electronics in Japan has increased demand for high-performance coatings and adhesives, propelling the waterborne acrylic resin market forward.

China & India Waterborne Acrylic Resin Market Forecast

• The increasing awareness of environmental sustainability in the China & India markets is anticipated to fuel the market over the forecast period. China & India waterborne acrylic resin markets are likely to account for a leading share of the global waterborne acrylic resin market.?
• In addition, the rising construction and infrastructure sectors in both countries, as well as a thriving automotive industry, are likely to drive demand for coatings and paints, bolstering the market for waterborne acrylic resins.

Waterborne Acrylic Resin Market Outlook & Forecast by Segmentation

By Type 

Based on type, the acrylic resin emulsion segment is expected to remain at the forefront of waterborne acrylic resin market share over the assessment period. The growth is mainly Because acrylic resin emulsions are waterborne, they are less harmful to the environment than solvent-based acrylic resins. With increasing environmental laws and a greater emphasis on sustainability, many sectors are shifting towards waterborne solutions.

In addition, acrylic resin emulsions emit substantially fewer volatile organic compounds than solvent-based alternatives. This makes them a popular choice in areas where VOC emissions are strictly controlled, such as coatings, adhesives, and paints.

By End-use Industry

Based on end-use industry, the paints & coatings segment is set to account for 44.6% of the waterborne acrylic resin market share over the assessment period. The growth is because waterborne acrylic resins have a lower odour than solvent-based counterparts, making them more appealing for indoor applications such as interior paints. Customers seek low-odor products for residential and commercial areas, which is fueling the rise of waterborne acrylic resins in the paints and coatings segment.

Moreover, waterborne acrylic resins are capable of saving money over time because of their lower VOC content and capacity to eliminate the need for expensive air pollution control machinery in industrial facilities. This cost-effectiveness is appealing to paint and coating companies aiming to lower operational costs.

Which Company Owns the Largest Share in the Waterborne Acrylic Resin Market?

The key companies in the waterborne acrylic resin market are Allnex Gmbh, DIC Corporation, The Dow Chemical Company, Covestro AG, Arkema, DSM, Lubrizol Corporation, BASF SE, AkzoNobel N.V., and Sika AG.

Recent Developments:

• In April 2023, Arkema, a global specialized materials company, expands its offering with the introduction of its IncellionTM line of sustainable waterborne acrylic solutions for cathode primers, high-capacity anodes, and ceramic-coated separators.
• In July 2022, Arkema, announced the acquisition of a resin’s producer in Mexico. The acquisition of Polimeros Especiales, a manufacturer of solvent-free water acrylic resins, would improve Arkema’s position in this quickly expanding market.
• In June 2019, DSM, a global, mission-driven leader in health and nutrition, launched a new aqueous, direct-to-metal coating resin called NeoCryl XK-117. To accelerate the transition to waterborne coatings in the construction and heavy machinery industries.

As per our analysis, the companies that hold the largest share in the market are

Click Here to Request Company-wise Data

BASF SE 

Founded in 1865 and with headquarters in Ludwigshafen, Germany, it is a multinational corporation and the world’s largest chemical producer.

AkzoNobel N.V.

Founded in 1994 and headquartered in Amsterdam, the Netherlands, it is a multinational corporation that manufactures paints and performance coatings for both industry and consumers across the world.

Lubrizol Corporation

Founded in 1928 and with headquarters in Wickliffe, Ohio, United States, it is a corporation that manufactures specialty chemicals for the transportation, industrial, and consumer markets.

Covestro AG 

Founded in 2015 and with headquarters in Leverkusen, Germany, it is a manufacturer of polyurethane and polycarbonate raw materials.

Sika AG

Founded in 1910 and with headquarters in Baar, Switzerland, it is a worldwide specialty chemical company that supplies the construction and automotive industries.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

Strategic Competitive Intelligence: Stay ahead with in-depth analysis, ensuring you always have the competitive edge.

Customer Insights Like Never Before: Understand your customer’s evolving needs, aspirations, and behaviors to drive brand loyalty and value.

Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.

M&A and Alliances Mastery: Navigate the complex world of mergers, acquisitions, and alliances with expert foresight.

Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.

Up-to-the-minute Regulations & Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.

Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.

The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, every insight designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

Follow Us On Our Social Media Pages

Facebook and Linkedin