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Acrylates Copolymer Market | Application | Revenue | Key Players | Share | Size Analysis and Forecast to 2023
Acrylates Copolymer MarketIndustry Abstract:
Acrylates Copolymer Market is estimated to be valued at USD 450 billion by the end of 2017, projected to grow at a rate of nearly 4% in the coming years. However, the matured markets such as North America and Europe is slated to grow moderately, whereas, the developing nations such as Asia-Pacific and Middle East & Africa holds huge growth potential for personal care industry. For instance, China accounts for nearly 10% of revenue generated by the global personal care industry, and is anticipated to exhibit growth rate of ~8% over the forecast period, owing to the factors such as rapid urbanization, rise in disposable income and changing lifestyle of people among others. Thus, the augmented demand for personal care products and bolstering growth of personal care industry in the developing regions is anticipated to be the protuberant factors responsible for the growth of acrylate copolymers market growth.
Acrylates Copolymer is a type of specialty chemicals consisting of two or more monomers consisting of acrylic acid, methacrylic acid or its esters. The acrylates copolymers find application across an array of industries which includes personal care, process industries, leather, and textile among others. Among the aforementioned end use industries, personal care industry accounts for the largest share in terms of value and volume.
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Acrylates Copolymer Market Awareness:
Acrylates Copolymer are composed of two or more monomers containing acrylic acid or methacrylic acid or one of their esters. They are known for improved flow, suitability, and reliable nature. Excellent finish, gloss, UV resistance, light weight and transparency are the important trends and factors, which are driving the market positively. Due to these features, they are used in various applications such as cosmetic, chemical, foods & beverages, leather, adhesives, glass, packaging, and others.
Acrylates Copolymer Market is bifurcated into application segment. On the basis of application, the market is further sub-divided into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market on account of growing use of Acrylates Polymers in moisturizers, sun & skin protection, hair care products, and shaving creams. The food segment is projected to witness a higher growth in the market due to the growing use of polymers in manufacturing containers to provide temperature resistance and water-proof properties. The growing demand for Acrylates Copolymer in the4 chemical and glass industries is expected to drive the market over the assessment period due to excellent features offered by the product such as weather resistant, impact resistant, easy handling and convenient to use.
Acrylates Copolymer Market Insight:
Acrylate Copolymers are widely used among the personal care industry owing to its functional properties that makes it ideal for use in different types of cosmetic products. Acrylate acts as an absorbent, adhesive, filler, binder and emulsion stabilizer among in the personal care products. Since, being consumed widely in the cosmetic industry the majority of the market demand for acrylate copolymer comes from the personal care sector.
Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of acrylates copolymer market. Detailed analysis is explained and given importance to with best working models.
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of acrylates copolymer market during the forecast period to 2023 is well explained.
Acrylates Copolymer Market Key Players:
Some of the prominent players operating in the Global Acrylates Copolymer Market are Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED( India), OMNOVA Solutions Inc (the U.S), The Dow Chemical Company( the U.S.), The Lubrizol Corporation (the U.S.), Georgia-Pacific Chemicals LLC(the U.S.), Exxon Mobil Corporation( the U.S.), H.B. Fuller Company, and INEOS( the U.K.) among others.
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Acrylates Copolymer Market Competitive Analysis:
Acrylates Copolymer is a semi-fragmented market, in order to stay competitive in the market the manufacturers are actively involved in expansion of facilities in the developing regions and product launches and developments specifically to cater the end user industries. For example, Arkema, a leading name in the acrylates copolymer market recently unveiled its new acrylate copolymer products for the cosmetic industry in cosmetics expo Bangkok. In similar lines, AkzoNobel N.V. has also launched multiple acrylate copolymer products dedicated towards the personal care industry in 2016.
Acrylates Copolymer Market Regional Analysis:
Acrylates Copolymer Market is segregated into five crucial regions of the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, North America holds a major share in the market due to growing demand of Acrylates Copolymer in cosmetic and food & beverages industries. The cosmetic segment holds the majority of the market due to its growing awareness and exceptional features offered by the product such as superior flexibility, easy removal. Owing to these factors, countries such as the U.S., Canada, and Mexico are projected to be the leading players during the forecast period.
Acrylates Copolymer Market Segmentation:
Acrylates Copolymer Market is segmented into application. On the basis of the application, the market is further categorized into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market owing to growing use of Acrylates polymers in skin care products. The food & beverages are encouraging the manufacturers to use Acrylates Copolymer for the production of bottles and containers to provide waterproof and temperature resistant properties. Moreover, the chemical segment is predicted to witness a rapid growth in the market owing to an increased use of acrylic Copolymer in manufacturing paints and coating. The glass segment is fueled by the growing use of Acrylates Copolymer in designing windows, skylights, and others. Moreover, the textile segment has been driven by the growing use of polymers in producing the sponge fill used in padded jackets.
Acrylates Copolymer Market Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Acrylate Copolymers Market
5 Industry Overview Of Global Acrylate Copolymers Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
Acrylates Copolymer Market Table of Content to be Continue.....,
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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