Polyacrylate Market Insights
The Polyacrylate market is estimated to grow at a significant CAGR during the forecast period. Polyacrylates are highly transparent, have impact toughness and elasticity as well. Polyacrylates are tough and rubbery and have high resistance to heat. Polyacrylates find applications in multiple end-use industries due to their weatherability and ozone resistance.
The market for Polyacrylates is driven by growing demand from the cosmetics industry for use of the material as adhesives. Further, increasing popularity of Polyacrylates in water-borne paints and coatings is estimated to have a positive impact on market growth during the coming years. Availability of biodegradable alternatives such as thermal polyaspartate is expected to hinder growth in the Polyacrylate market during the forecast period.
Polyacrylate Market: By Product Insights
The Polyacrylate market can be segmented based on basis of product type into Poly (Ethyl Acrylate), Poly (Methyl Acrylate) and Poly (Butyl Acrylate) among others. Poly (Methyl Acrylate) and Poly (Ethyl Acrylate) are two of the most commonly used Polyacrylates. Although both these polymers are tough and rubbery, poly(ethyl acrylate) is considerably softer than the other. A combination of these polymers is often used to achieve the required hardness and strength for end uses. These polymers are expected to hold the majority market share in terms of revenue.
Polyacrylate Market: By Application Insights
The Polyacrylate market can be classified into adhesives, paints & coatings and dispersants among others. The adhesives segment is expected to grow at the highest CAGR during the forecast period. Acrylic adhesives are fast-setting and oxidation-resistant which are found in water and solvent based formulations as well. Adhesives find a variety of applications in medical, electronic production, appliances, and automotive manufacturing among others.
Polyacrylate Market: Regional Insights
Asia Pacific is expected to dominate the Polyacrylate market. This can be attributed to the high consumption of Polyacrylate in the region owing to extensive use of water-borne paints and coating material. Growing demand for super-absorbent polymers in cosmetics and personal care products in the region is likely to have a positive impact on the Polyacrylate market. North America and Europe are expected to hold the second and third largest market share in the polyacrylae market respectively.
Polyacrylate Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Polyacrylate over the coming years. Some companies which are currently using Polyacrylate and are likely to purchase it in future are PPG, AzkoNobel and RPM International Inc. among others.
Polyacrylate Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Polyacrylate Market: Share & Competitor Analysis
Some of the key players operating in the Polyacrylate market are Arkema S.A., BASF SE, LG Chem, Sumitomo Seika Chemicals, Lucite International, Kao Corporation, Incopack, DowDuPont, Evonik Industries AG, and Nippon Shokubai Co. among others
In January 2016, Arkema launched a new tie layer resin Orevac 18362 which provided improved clarity and high adhesion to EVOH (Ethylene vinyl alcohol) barrier films and polyamides
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