International. The acrylic emulsions market will increase from US$5.59 billion in 2016 to US$8.94 billion in 2022, growing at a CAGR of 8.2% during the forecast period between 2017-2022.
The market is driven by the increasing demand for acrylic emulsions in various paints and coatings and applications of adhesives and sealants, especially in the segment of pressure-sensitive adhesive applications.
Polymer and copolymer accounted for the largest proportion of the type segment of the acrylic emulsions market in 2016. Polymer and copolymer form the largest sub-segment of the acrylic emulsions market. They are widely used in the manufacture of water-based emulsions and solvents for various applications. The growth of this segment is attributed to the need to follow mandatory environmental protocols related to low VOCs and eco-labels in place in developed and emerging markets.
The application of paints and coatings is expected to lead to the acrylic emulsions market during the forecast period. Rising disposable income is driving the demand for decorative paints for interiors and exteriors of homes, as well as industrial paints. This is driving the demand for acrylic emulsions in the application of paints and coatings. Apart from the above factors, the increasing construction and infrastructure spending in various countries is also helping the growth of the acrylic emulsions market.
North America is projected to hold the largest share during the forecast period, and increasing demand in emerging markets such as Asia-Pacific is expected to provide growth opportunities in the acrylic emulsions market.
