Acrylic Polymer Market By Type (Polyscrylic Acid (PAA), Polymethylacrylic Acid (PMA)), Application (Paints and Coatings, Adhesives), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Acrylic Polymer Market Valuation – 2024-2031

Increasing demand in construction and growing automotive sector is propelling the adoption of acrylic polymer. Acrylic polymers find applications in medical devices, drug delivery systems, and healthcare adhesives driving the market size surpass USD 0.67 Billion valued in 2024 to reach a valuation of around USD 1.02 Billion by 2031.

In addition to this, acrylic polymers are increasingly used in packaging materials such as films and coatings for their barrier properties and clarity. The demand for innovative and sustainable packaging solutions enabling the market to grow at a CAGR of 5.87% from 2024 to 2031.

Acrylic Polymer MarketDefinition/ Overview

Acrylic polymers are synthetic resins derived from acrylic acid or its derivatives. They are known for their transparent and rigid properties, making them versatile materials in various industries. Acrylic polymers can be thermoplastic or thermosetting, depending on their chemical structure and application requirements.

Acrylic polymers find extensive use in paints, coatings, adhesives, and sealants due to their excellent weather resistance, durability, and color retention properties. They are also utilized in automotive coatings for their scratch resistance and UV stability. In the healthcare sector, acrylic polymers are employed in medical devices and drug delivery systems owing to their biocompatibility and sterilization resistance.

Acrylic polymers are increasingly being utilized in advanced applications such as electronics, where their properties like optical clarity and resistance to UV degradation are beneficial. Future advancements may lead to enhanced performance in electronic devices and displays.

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How will Rising Use in Construction Sector Increase Adoption of Acrylic Polymer?

Acrylic polymers are a big deal in building these days because they're tough, can handle the weather, and look good too! That’s why you find them in paints, coatings, and sealants for homes and offices. The U.S. Census Bureau says we spent a whopping USD 1.8 Trillion on construction in the United States in 2024 – that's up 3.5% from the year before! All this building, especially in places where cities are growing fast and new infrastructure is going up, really helps the acrylic market grow. Take BASF SE, for example. In March 2025, they launched a new line of super-strong acrylic polymers for exterior architectural coatings, promising better durability and color that lasts even when the weather's crazy. That’s innovation in action!

In the automotive industry, acrylic polymers are valued for their scratch resistance, UV stability, and ability to maintain gloss over time. As the automotive sector expands globally, especially in emerging markets, the demand for acrylic-based coatings and adhesives continues to rise, bolstering market growth. For instance, In February 2025, PPG Industries introduced a new acrylic-based clear coat for automotive applications, providing superior scratch resistance and extended gloss retention.

Environmental regulations favoring low VOC (volatile organic compound) products drive the adoption of acrylic polymers in water-based coatings and adhesives. These regulations, aimed at reducing environmental impact and improving indoor air quality, propel the market as industries seek compliant and sustainable solutions. The U.S. Environmental Protection Agency (EPA) reported that VOC emissions from architectural coatings decreased by 15% between 2020 and 2024, largely due to the adoption of water-based acrylic formulations.

Advancements in healthcare and medical device technologies drive the demand for acrylic polymers due to their biocompatibility, sterilization resistance, and versatility in applications such as medical implants, devices, and drug delivery systems. As healthcare infrastructure expands and technologies evolve, acrylic polymers play a crucial role in meeting stringent regulatory requirements and patient safety standards.

Will Raw Material Price Volatility of Acrylic Polymer Restrain Its Application?

Fluctuations in the prices of raw materials used in acrylic polymer production, such as acrylic acid and other monomers, can impact manufacturing costs. This volatility poses challenges for producers in maintaining stable pricing and profitability, particularly during periods of economic uncertainty or supply chain disruptions. According to the U.S. Bureau of Labor Statistics, the Producer Price Index for acrylic resins and plastics materials increased by 8.2% between January 2024 and January 2025, reflecting volatility in raw material costs.

Acrylic polymers face competition from alternative materials, including other synthetic resins and bio-based polymers. Substitutes may offer comparable performance characteristics or environmental advantages, posing a threat to acrylic polymer market share, especially in applications where sustainability and cost-effectiveness are critical factors.

Also, increasingly stringent environmental regulations regarding emissions, waste disposal, and product safety impact the acrylic polymer market. Compliance with these regulations requires continuous investment in research and development to develop low VOC formulations and sustainable manufacturing processes, adding to production costs and regulatory complexities.

Category-Wise Acumens

Will Rise in Adoption of Acrylic Esters Drive Acrylic Polymer Market?

Acrylic esters play a dominant role in the acrylic polymer market due to their versatile applications and beneficial properties. These esters are derived from acrylic acid and methacrylic acid, serving as key monomers in the production of acrylic polymers. Their chemical structure allows for customization of polymer properties, such as flexibility, durability, and adhesion, making them indispensable in various industries. According to a report by the U.S. Department of Commerce, the global acrylic esters market was valued at USD 8.1 Billion in 2024 and is projected to reach USD 11.3 Billion by 2029, growing at a CAGR of 6.9%.

In coatings and paints, acrylic esters contribute to formulations that offer excellent weather resistance, UV stability, and color retention. Their ability to form durable films makes acrylic ester-based coatings ideal for architectural and automotive applications, where aesthetics and long-term performance are crucial factors. The U.S. Environmental Protection Agency (EPA) reported that VOC emissions from architectural coatings decreased by 18% between 2020 and 2024, partly due to the increased use of low-VOC acrylic ester-based formulations.

Also, acrylic esters are vital in adhesive formulations, providing strong bonding capabilities across diverse substrates. They enhance the adhesion strength and durability of adhesives used in construction, electronics, and packaging industries. The versatility and performance benefits of acrylic esters continue to drive their dominance in the acrylic polymer market, with ongoing advancements in polymer chemistry further expanding their application scope.

Which Factors Enhance the Use of Acrylic Polymer in Large Enterprises?

Paints and coatings are the dominant application sector within the acrylic polymer market, leveraging acrylic polymers for their exceptional performance characteristics. Acrylic polymers are extensively used in architectural and decorative paints due to their durability, excellent color retention, and resistance to weathering. These properties ensure that painted surfaces maintain their aesthetic appeal and protective qualities over extended periods, making acrylic-based paints a preferred choice for both interior and exterior applications. For instance, in March 2025, Sherwin-Williams launched a new line of acrylic-based exterior paints featuring enhanced UV resistance and self-cleaning properties, targeting the high-end residential market.

In the automotive industry, acrylic polymers play a crucial role in automotive coatings. They offer high gloss retention, scratch resistance, and UV stability, providing durable protection against environmental elements. These coatings enhance the appearance and longevity of vehicles, meeting stringent quality standards and customer expectations for automotive finishes.

Additionally, acrylic polymers are favored in industrial coatings for their versatility and ability to adhere well to various substrates. They are used in metal coatings, protective coatings, and specialty coatings where performance requirements such as corrosion resistance, chemical resistance, and mechanical durability are critical. The robust demand from these sectors underscores the significant role of paints and coatings in driving the growth and dominance of the acrylic polymer market globally. The U.S. Environmental Protection Agency (EPA) reported that the use of low-VOC acrylic-based industrial coatings increased by 15% between 2022 and 2024, driven by stricter environmental regulations.

Gain Access into Acrylic Polymer Market Report Methodology

Country/Region-wise Acumens

Will Rising Industrialization Enhance Adoption of Acrylic Polymer in Asia Pacific?

Asia-Pacific is emerging as the dominant force in the acrylic polymer market due to several key factors. According to the Asian Development Bank (ADB), the Asia-Pacific region’s GDP grew by 4.8% in 2024, outpacing global economic growth. Countries like China, India, Japan, South Korea, and others in the region are experiencing rapid industrialization, urbanization, and infrastructure development, driving substantial demand for acrylic polymers. These nations are major producers and consumers of acrylic polymers, catering to diverse applications such as paints, coatings, adhesives, and construction materials.

China, as the largest market within Asia-Pacific, plays a pivotal role with its extensive manufacturing capabilities and robust economic growth. The country’s expanding construction sector and automotive industry contribute significantly to the demand for acrylic polymers in architectural coatings, automotive coatings, and industrial applications. Moreover, investments in infrastructure projects further stimulate market growth across the region. The International Organization of Motor Vehicle Manufacturers (OICA) reported that Asia-Pacific accounted for 55% of global vehicle production in 2024, with China alone producing 28 million units.

India and Southeast Asian countries like Thailand, Vietnam, and Indonesia also contribute to the dominance of Asia-Pacific in the acrylic polymer market. Rapid urbanization and increasing disposable incomes drive demand for residential and commercial construction, boosting the consumption of acrylic-based paints and coatings. Additionally, advancements in manufacturing technologies and favorable government initiatives supporting industrial development propel the market forward in these regions. The Asian Development Bank Institute reported that R&D spending in Asia’s chemical industry, including acrylic polymers, grew by 8.5% annually between 2020 and 2024.

Will Ongoing Investments in Infrastructure in North America Drive Acrylic Polymer Market Growth?

North America’s acrylic polymer market is experiencing rapid growth fueled by several key drivers. According to the American Chemistry Council, the North American chemical industry, including acrylic polymers, grew by 3.2% in 2024.The region, encompassing the United States, Canada, and Mexico, benefits from a strong industrial base and robust consumer demand across various sectors. In the United States, a rebounding economy and ongoing investments in infrastructure drive significant demand for acrylic polymers in construction, where they are used in paints, coatings, and adhesives due to their durability and weather resistance.

Canada contributes to this growth with its expanding construction sector, particularly in urban development and infrastructure projects. Statistics Canada reported that the value of building permits issued in 2024 reached CAD 126 billion, a 5.2% increase from 2023, indicating growth in construction activities. Acrylic polymers are integral to sustainable building practices and modern architectural designs, enhancing both aesthetic appeal and structural integrity. Additionally, Canada’s automotive industry relies on acrylic polymer coatings for their protective qualities and aesthetic finishes, further bolstering market growth in the region.

Mexico's booming! All that industrial growth and investment in areas like cars and electronics is really pushing the need for acrylic polymers. According to the INEGI, Mexico's manufacturing industry jumped by 3.8% in 2024, and that's fueling the demand for industrial chemicals, including these acrylic polymers. You see, they're super important for things like car coatings, making electronics, and even packaging for all those consumer goods we buy. It’s all thanks to Mexico’s focus on exports and the fact that we're buying more stuff here at home, too. Looking at the bigger picture, the whole acrylic polymer market in North America is expected to keep growing, thanks to new and improved products, more and more ways to use them, and a generally good economy. Take Axalta Coating Systems, for example. In January 2025, they even opened a brand-new acrylic polymer production line at their Tlalnepantla facility right here in Mexico, specifically to keep up with the growing demand from the automotive and industrial sectors in Latin America! Exciting times!

Competitive Landscape

The acrylic polymer market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the acrylic polymer market include

  • BASF SE
  • Dow Inc.
  • Arkema SA
  • Mitsubishi Chemical Corporation
  • LG Chem Ltd.
  • Evonik Industries AG
  • Sumitomo Chemical Co., Ltd.
  • DIC Corporation
  • Nippon Shokubai Co., Ltd.
  • Formosa Plastics Corporation
  • Celanese Corporation
  • Wacker Chemie AG
  • SABIC
  • Eastman Chemical Company
  • Kuraray Co., Ltd.
  • Kaneka Corporation
  • Synthomer plc
  • Lubrizol Corporation
  • Ashland Global Holdings, Inc.
  • Momentive Performance Materials, Inc.

Latest Developments

  • In June 2023, Evonik Industries AG introduced a new line of high-performance acrylic polymers tailored for sustainable packaging applications, emphasizing recyclability and environmental compatibility.
  • In August 2023, Arkema SA announced the expansion of its acrylic polymer production capacity in Asia-Pacific to meet growing demand from the construction and automotive sectors.
  • In September 2023, Sumitomo Chemical Co., Ltd. launched a novel acrylic resin with enhanced weather resistance and durability, targeting applications in outdoor coatings and architectural paints.
  • In October 2023, Dow Inc. collaborated with a leading automotive manufacturer to develop lightweight acrylic-based composites for use in electric vehicle components, aiming to improve energy efficiency and reduce carbon emissions.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~5.87% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

BASF SE, Dow, Inc., Arkema SA, Mitsubishi Chemical Corporation, LG Chem Ltd., Evonik Industries AG, Sumitomo Chemical Co., Ltd., DIC Corporation, Nippon Shokubai Co., Ltd., Formosa Plastics Corporation, Celanese Corporation, Wacker Chemie AG, SABIC, Eastman Chemical Company, Kuraray Co., Ltd., Kaneka Corporation, Synthomer plc, Lubrizol Corporation, Ashland Global Holdings, Inc., Momentive Performance Materials, Inc.

Customization

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Acrylic Polymer Market, By Category

Type

  • Polyacrylic Acid (PAA)
  • Polymethylacrylic Acid (PMAA)
  • Acrylic Derivative Polymers

Application

  • Paints and Coatings
  • Adhesives
  • Textiles
  • Construction
  • Paper and Packaging

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

We dig into the market using both numbers and deeper insights, looking at segments based on all sorts of things, not just money. You'll get market value data (in USD Billion) for every segment and sub-segment. We'll point out which region and segment should grow the quickest and be the biggest. Our analysis breaks down each region, showing you what's being consumed and what's influencing the market there. We also cover the competitive landscape, ranking the big players and detailing new service/product launches, partnerships, expansions, and acquisitions from the last five years. We offer detailed company profiles, with an overview, insights, product benchmarking, and even a SWOT analysis for the major players. You'll get a picture of the market now and where it's headed, considering recent happenings – the opportunities, what's driving growth, and the challenges in both new and established areas. We'll give you an in-depth look using Porter's five forces analysis and explore the market's Value Chain. Expect insights into market dynamics and future growth opportunities. Oh, and we'll back you up with 6 months of post-sales analyst support.

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Pivotal Questions Answered in the Study

Rising use in construction sector is propelling the demand for adoption of acrylic polymer market.

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