Polyacrylate Market Increasing Demand With Leading Key Players: Arkema, Evonik Industries AG, Lucite International, LG Chem Ltd., DowDupont, and Kao Corporation

The global polyacrylate market is expected to grow from USD 1.32 billion in 2017 to USD 2.00 billion by 2026, at a CAGR of 4.7% according to a study published by Polaris Market Research.

Polyacrylate is a popular class of polymer that showcases significant characteristics as a resin material for formulation of many products. Some of the main properties of this compound include good impact elasticity & toughness, high transparency, and high resistance to heat. Polyacrylate is one of the most widely used class of polymers and is driven by its wide array of applications globally

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Paints & coatings is one of the largest applications for these polymers, where these are used in different types of coatings and currently have witnessed high demand on account of rapid growth of the water-borne coatings. Increasing construction spendings in tandem with the rising per capita income of the consumers have resulted in tremendous growth of the paints & coatings industry.

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 many technical advancements, 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.

Textiles and adhesives & sealants have largely contributed to the increased global consumption of the Polyacrylate Market. Due to their high strength, polyacrylate is used in oxidant-resist and and fast-setting adhesives. Such adhesives are largely employed in many end-use, especially in building & construction. Polyacrylate is also used in the formulation of dispersants, which are broadly used in fast-growing textile industry.

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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.

The Polyacrylate Market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Polyacrylate Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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Competitive Landscape and Key Vendors

Asia Pacific Polyacrylate Market has witnessed the highest consumption of the polyacrylates with China as the major contributor. Large end-use industries that have been witnessing significant year-on-year growth are the major driving factor for the polyacrylate market in this region. Increasing population, rapid urbanization, and rising disposable consumer income in many developing Asian countries has raised the demand for commodity products and their raw materials.

The global polyacrylate market comprises of large number companies, both international and domestic. 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, and Kao Corporation.

About Polaris Market Research

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