New York City, 08 February 2019: The global Polyacrylate Market is anticipated to
reach USD 2.14 billion by 2026 according to a new study published by Polaris
Market Research. Polyacrylate is among one of the most largely used polymer for
numerous end-use products. The global polyacrylate market is primarily driven
by the tremendous growth of paints & coatings, adhesives, and textile
markets. This polymer is used in versatile applications on account of its
excellent characteristics.
In the
fast-growing paints & coatings industry, polyacrylates are used in powder
coatings applied to appliances & automotive parts, in solvent-borne
coatings applied to substrates in corrosive environment & construction
structures, and in water-based coatings for applications in the architectures
& protective segment coatings.
Rising
global population in tandem with the increase in disposable incomes has led to
growth of many end-use industries that include high growth prospects of the
Polyacrylate Market. Increase in construction activities in many nations,
especially the developing countries and revamping of the older structures
coupled with consumer demand for feature-rich coatings has mainly driven the
demand of polyacrylates in this end-use industry.
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Many types of polyacrylates are used in different end-use products. Sodium polyacrylate are largely used in baby diapers, personal care, and textile industry. Though these polymers do not have much technical advancement, however are widely used on account of their availability, low-cost, and substantially effective characteristics. Polyacrylates have very insignificant environmental impact with a crucial disadvantage from the substitutes products.
The major
restraint that the polyacrylate market has witnessed is threat of substitutes.
This polymer has many other resin alternatives that instead can be used for the
formulation of paint & coatings and dispersants. Moreover, latest technical
developments and advancements in the material science of the substitutes is
also expected to become a wider restraint for the market. Few of such resins
include epoxy, alkyd resins, and polyurethane. These polymeric resins have
witnessed higher growth on account of their superior properties.
Competitive Landscape and Key Vendors:
Asia Pacific
is the dominant regional player for the Polyacrylate Market. China, India, and
Japan are the significant countries for its growth with high consumption. Other
developing countries such as Indonesia, Thailand, and Vietnam have also
witnessed growth in their end-use industries such as paints & coatings with
the rising construction activities, this has supported the high growth of
polyacrylates.
The global
polyacrylate market comprises of large number of multinationals and local market
players. Polyacrylates industry is highly competitive and moderately
consolidates due to large number of established chemical market players. Some
of the major market players for polyacrylates include BASF SE, Arkema, Evonik
Industries AG, Lucite International, LG Chem Ltd., DowDupont, Kao Corporation,
Sanyo Chemical, and RSD Polymers Pvt Ltd.
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