North America Acrylic Polymer and Acrylic Co-Polymers Market to Grow with a CAGR of 5.26 % through 2028

Written by yama  »  Updated on: April 19th, 2024

North America Acrylic Polymer and Acrylic Co-Polymers Market to Grow with a CAGR of 5.26 % through 2028

According to TechSci Research report, “North America Acrylic Polymer and Acrylic Co-Polymers Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the North America Acrylic Polymer and Acrylic Co-Polymers Market Size is USD 312.31 million in 2022 and is anticipated to increase at a CAGR of 5.26%. Acrylic polymers and acrylic co-polymers are a versatile class of synthetic polymers that find widespread applications across various industries.

These compounds are derived from acrylic acid or its derivatives and are prized for their exceptional properties, which include transparency, high tensile strength, and outstanding weathering resistance. Acrylic polymers are known for their remarkable transparency. This optical clarity makes them a preferred choice in applications where visibility is crucial. For instance, they are extensively used in the production of optical lenses, architectural glazing, and signage.

The transparency of acrylic polymers allows for clear vision through lenses and ensures that architectural structures remain well-lit and visually appealing. High tensile strength is another key attribute of acrylic polymers. They possess the ability to withstand mechanical stress and exhibit durability comparable to glass. This makes them a safer alternative in environments where the risk of breakage or shattering is a concern. For instance, acrylic polymers are widely used in the construction of protective barriers, such as bulletproof windows and safety shields.

Moreover, acrylic polymers also excel in weathering resistance, which is vital for outdoor applications. They are UV-stable and retain their color and transparency over time, even when exposed to harsh sunlight. This property makes acrylic polymers ideal for outdoor applications like architectural glazing, where they provide protection against the elements while maintaining their visual appeal.

Acrylic co-polymers, on the other hand, are created by polymerizing acrylic monomers with other monomers. This process results in a material that combines the properties of multiple polymer types. By blending different monomers, manufacturers can customize the properties of acrylic co-polymers to suit specific applications. For example, they can adjust the flexibility, adhesion, and impact resistance of the co-polymer to meet the requirements of various industries.

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Furthermore, the remarkable advantage of acrylic polymers and co-polymers is their exceptional weather resistance. They are well-suited for outdoor applications where exposure to the elements is a constant challenge. These materials are UV-stable, meaning they can withstand prolonged exposure to sunlight without suffering from color fading or degradation. This property makes acrylic-based coatings a popular choice in architectural coatings, where long-lasting protection against weathering is essential. Acrylic-based coatings also offer quick drying and low-odor properties. These characteristics are highly desirable for interior applications like wall paints. The fast drying time reduces the waiting period between applying coats, allowing for more efficient painting processes. The low-odor feature ensures that indoor spaces remain comfortable and free from the strong chemical odors often associated with paint applications.

The North America Acrylic Polymer and Acrylic Co-Polymers Market is segmented into type, application, country distribution, and company

Based on the type, the polymethyl methacrylate segment is expected to register the fastest growth of 5.15% during the forecast period 2024-2028. Polymethyl Methacrylate (PMMA), commonly referred to as acrylic or plexiglass, is valued across multiple industries for its versatile set of advantages. Its exceptional optical clarity, high degree of transparency, and efficient light transmission properties position it as the preferred choice for applications that necessitate exceptional visibility, including optical lenses, architectural glazing, and signage.

PMMA's impressive resistance to impact and its durability, which is on par with glass, make it a safer alternative in settings where the risk of breakage is a concern. Additionally, its ease of shaping through methods such as molding and extrusion, coupled with its lightweight nature, allows for a wide range of design possibilities. PMMA is renowned for its resistance to weathering, UV stability, and its ability to maintain its color and transparency over time, rendering it suitable for outdoor applications. Its biocompatibility has made it an invaluable material in the development of medical devices and dental prosthetics. PMMA's electrical insulating properties and its resistance to various chemicals expand its utility in the electronics industry, while its thermal stability permits its use in high-temperature applications. Overall, PMMA's array of benefits encompasses optical excellence, safety, versatility, longevity, and adaptability, rendering it a preferred material in a multitude of industries.

Based on the application, the paint & coating segment is expected to register the fastest growth of 5.08% during the forecast period, 2024-2028. The paint and coating industry relies heavily on the significance of acrylic polymers and acrylic co-polymers, which bring a multitude of valuable properties and benefits to the table. These versatile materials serve as pivotal components in paint formulations, serving as binders and resins that significantly contribute to the overall performance and durability of coatings.

Among their key advantages, their outstanding adhesion properties stand out, as they firmly adhere to various surfaces, including metal, concrete, wood, and plastics, ensuring long-term resistance against peeling or chipping. Additionally, acrylic polymers and co-polymers exhibit exceptional weather resistance, UV stability, and color retention, rendering them exceptionally well-suited for outdoor applications.

Whether employed in architectural coatings to safeguard buildings from the elements or in automotive coatings to provide a glossy and enduring finish, acrylic-based paints and coatings offer a winning combination of protection and aesthetics. Moreover, acrylics are renowned for their rapid drying and low-odor attributes, making them particularly suitable for interior applications like wall paints.

They also demonstrate compatibility with an extensive array of additives and pigments, allowing manufacturers to fine-tune coatings to meet specific requirements, such as fire resistance, antimicrobial properties, or high-gloss finishes. In the continually evolving paint and coating industry, acrylic polymers and co-polymers remain at the forefront of innovation, playing a pivotal role in the development of eco-friendly, low-VOC (volatile organic compounds) coatings that adhere to stringent environmental regulations. Their versatility, durability, and adaptability ensure that acrylic-based paints and coatings will continue to be indispensable across a wide spectrum of applications.

Based on country, the United States will witness the fastest growth during the forecast period, 2024-2028. The United States has witnessed a substantial surge in the demand for acrylic polymers and acrylic co-polymers, reaffirming their pivotal role across diverse industries. Within the paint and coating sector, these materials are highly coveted due to their versatility, durability, and eco-friendly attributes. As the nation intensifies its focus on sustainability and strives to meet stringent environmental standards, acrylic-based products have emerged as essential components in the quest for reducing the industry's carbon footprint. Their remarkable qualities, including exceptional adhesion, resistance to harsh weather conditions, and UV stability, render them ideal for architectural, automotive, and industrial coatings, aligning perfectly with the sector's evolving needs.

Moreover, the construction industry in the United States has embraced acrylic polymers as indispensable components in the formulation of high-performance adhesives, sealants, and waterproofing materials. Their exceptional bonding capabilities across various substrates and resilience in the face of adverse weather conditions make them vital contributors to the development of energy-efficient and sustainable building solutions.

In addition to their extensive use in construction, the dynamic cosmetic industry in the United States leverages acrylic polymers to create innovative and long-lasting cosmetic products. Whether it's skincare or makeup, these polymers enhance product stability, texture, and visual appeal, consistently meeting consumer expectations for quality and performance. The demand for acrylic polymers and co-polymers in the United States transcends multiple applications, from construction to cosmetics, driven by their exceptional properties and adaptability to diverse industry requirements. This enduring demand underscores their pivotal role in advancing technology and ensuring product excellence across various sectors.

Major companies operating in North America Acrylic Polymer and Acrylic Co-Polymers Market are:

  • Dow Inc.
  • Ecolab Inc.
  • Cortec Corporation
  • Ashland Global Holdings Inc.
  • The Lubrizol Corporation

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“Technological progress has facilitated the creation of high-performance acrylic resins that boast improved attributes. These resins are finding application in scenarios demanding exceptional longevity, resistance to UV radiation, and protection against chemicals. Sectors such as aerospace, marine, and electronics are reaping the rewards of these innovations. Acrylic resins are being employed in aircraft coatings, marine coatings, and the encapsulation of electronic devices, guaranteeing enduring safeguarding and top-tier performance, even in demanding conditions.

Additionally, sustainability plays a pivotal role in shaping the acrylic polymer and co-polymers market. Manufacturers are placing growing emphasis on the production of acrylic materials that are both environmentally friendly and bio-based. Bio-acrylics, sourced from renewable raw materials such as corn or sugarcane, are gaining prominence as sustainable options. Moreover, the recycling of acrylic materials is becoming increasingly feasible, leading to reduced waste generation and a smaller environmental footprint. This commitment to sustainability aligns with the worldwide trend towards eco-conscious and environmentally responsible products and creates a lucrative opportunity in market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

North America Acrylic Polymer and Acrylic Co-Polymers Market, By Type (Polymethyl Methacrylate, Sodium Polyacrylate, Polyvinyl Acetate, Polyacrylamide, Others), By Application (Paints & Coatings, Cosmetics, Cleaning, Dentistry, Others), By Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of North America Acrylic Polymer and Acrylic Co-Polymers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in North America Acrylic Polymer and Acrylic Co-Polymers Market.

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Table of Content-North America Acrylic Polymer and Acrylic Co-Polymers Market

  1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

  1. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

  1. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions

3.5. Overview of Market Drivers, Challenges, Trends

  1. Voice of Customer
  2. Impact of COVID-19 of North America Acrylic Polymer and Acrylic Co-Polymers Market
  3. North America Acrylic Polymer and Acrylic Co-Polymers Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Polymethyl Methacrylate, Sodium Polyacrylate, Polyvinyl Acetate, Polyacrylamide, Others) By Polymethyl Methacrylate (Polymethyl Methacrylate Homo Polymer, Polymethyl Methacrylate Vinyl Acetate Co-Polymer, Others) By Sodium Polyacrylate (Acrylic Acid Homo Polymer, Acrylic Maleic Co-polymer, Others) By Polyvinyl Acetate (Polyvinyl Acetate Ethylene Co-Polymer, Polyvinyl Acetate Polyvinyl Pyrrolidone Co-Polymer, Others) By Polyacrylamide (Polyacrylamide Homo Polymer, Polyacrylamide Isopropyl Co-Polymer, Others)

6.2.2. By Application (Paints & Coatings, Cosmetics, Cleaning, Dentistry, Others)

6.2.3. By Country (United States, Mexico, Canada)

6.2.4. By Company (2022)

6.3. Market Map

6.3.1. By Type

6.3.2. By Application

6.3.3. By Country

  1. United States Acrylic Polymer and Acrylic Co-Polymers Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type By Polymethyl Methacrylate By Sodium Polyacrylate By Polyvinyl Acetate By Polyacrylamide

7.2.2. By Application

  1. Mexico Acrylic Polymer and Acrylic Co-Polymers Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type By Polymethyl Methacrylate By Sodium Polyacrylate By Polyvinyl Acetate By Polyacrylamide

8.2.2. By Application

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