|07-27-2018 04:07 PM CET - Business, Economy, Finances, Banking & Insurance||
Polyacrylates Market to Witness an Outstanding Growth by 2018-2028
Press release from: Fact.MR
PR Agency: Fact.MR
After the industrial revolution, paints & coatings was recognized as a potential market and became an imperative part of the manufacturing industry. Currently, the paint & coating industry is a major contributor to the economic growth of several countries, such as India, China and ASEAN, among others. From manufacturing to housing, paints and coatings are used in a wide variety of sectors to provide protection and decoration and to extend the life of products. Thus, increasing investments for infrastructural developments and significant growth of the manufacturing industry are some of the factors which, in turn, will help to drive the paints & coatings market in future. Further, with the paints & coatings industry shifting towards the use of water-based and powder-based coatings from traditional solvent-borne coatings, the demand for Polyacrylates, as a raw material, is expected to witness a healthy upsurge.
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Polyacrylates are homopolymers or copolymers of acrylate monomers. For the production of Polyacrylates, an acrylate emulsion is synthesized with help of acrylic acid or acrylic ester. Generally, the acrylic acid used in production consists of a vinyl group and a carboxylic acid. The nature of polyacrylates depends on the substituted alkyl group, i.e., R or R’ attached during the production process. Due to the flexibility of the Polyacrylates polymer chain, the glass transition temperatures (Tg) are lower, owing to which Polyacrylates possess good impact strength, high transparency and elasticity, among other properties. The simplest type of acrylates are methyl acrylates which can be synthesized through the esterification of acrylic acid with methanol. Polymethyl acrylates have high strength, elasticity and moderate hardness. They can be used to create flexible films that can be elongated to a 750% ratio. However, Polyethyl acrylate and Polybutyl acrylate can be elongated to 1800% and 2000% of their original size.
Over the recent past, there has been significant growth in the consumption of Polyacrylates due to its growing applications in paint & coatings, adhesives & sealants, leathers and printing ink, among others. Among these applications, paints & coating dominates the Polyacrylates market in terms of consumption. Growing infrastructural developments, increasing disposable incomes and changing lifestyle have led to an increase in restoration and renovation activities. Further, supported by new construction projects, demand for paints and coating is increasing, which is subsequently resulting into increased demand for Polyacrylates. Moreover, due to their adhesive and anti-aging properties, consumption of Polyacrylates has increased in the adhesive & sealants industry – they are being especially used for the manufacturing of pressure- and heat-sensitive adhesives. Further, in the textile industry, Polyacrylates are used for sizing, printing and finishing. Thus, with the growth of these end-use industries across the globe, the Polyacrylates market is expected to witness healthy growth during the forecast period.
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The Polyacrylates market is a highly organized market. Significant share of the market is accounted by key players across the globe. Some of the key players identified across the value chain of the global Polyacrylates market include BASF SE, Arkema Inc., Dow Dupont, TOYOBO CO., LTD., Lucite International, Wanhua Chemical Group Co.,Ltd., Sasol Limited, LG Chem Ltd. and TOAGOSEI CO., LTD., among others.
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This release was published on openPR.
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