Acrylates Copolymer Market 2022- Growing Rapidly with Latest Trends and Future Scope 2030
Research Reports
Dec 19, 2022
The newest research study predicts that the size of the worldwide acrylate copolymer market will reach USD 14.35 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.50% from 2021 to 2030. The market was projected to be worth USD 10 billion in 2021.
Acrylates Copolymer consists of two or more components, each of which comprises a number of acrylic acid, methacrylic acid, or its ester derivatives. They have received recognition for their improved reliability, flexibility, and flow. Some of the most important trends and components driving the market in a positive direction include UV protection, small size, and clarity. Due to their qualities, they are used in several sectors, including as leather, chemicals, cosmetics, and food & beverages.
The increased usage of acrylate in the spraying graffiti business and the rising choice from the packaging sector are two aspects that are expected to push the acrylate copolymer market expansion over the coming years. Additionally, there is a high demand for jobs involving infrastructure modification, and rising earnings in general are projected to increase the sector in the next few years.
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Regional analysis:
Five primary regions make up the segmentation of the acrylates copolymer market: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Due to rising demand in the food and beverage and cosmetics industries, North America now controls the majority of the market for acrylates copolymer.
Consumers in the Asia-Pacific region are increasingly turning to hygiene goods, including skin and hair care, as a result of growing concern over appearance and cleanliness. Acrylates are being used more often, which is leading to an increase in demand for adhesives and sealants, paints and varnishes, and other products. With a market share of 42% in 2020, the Asia-Pacific region had the largest share of the acrylate copolymer market.
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Market segmentation:
Market segments are based on applications and geographic areas. As a consequence, throughout the projected period, the Acrylates copolymer market is anticipated to rise moderately.
The cosmetics, textile, chemical, leather, food and beverage, adhesive, glass, and other goods market is divided into these categories.
Based on the pro Acrylate Copolymer Market size to reach USD 14.35 Billion at a CAGR of 11.50% in 2030, acrylate copolymer industry analysis by Application & end use pulsion types, the market is divided into the textile industry, paints and coatings, electrical and electronics, building and construction, automotive industry, and others.
Key players:
INEOS, H.B. Fuller Company, Arkema (France), Celanese Corporation (the United States), ACURO ORGANICS LIMITED (India), OMNOVA Solutions Inc (the United States), The Dow Chemical Company (the United States), The Lubrizol Corporation (the United States), Georgia-Pacific Chemicals LLC (the United States), Exxon Mobil Corporation (the United States), and Georgia-Pacific Chemicals LLC (the United States).
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