Acrylic Polymer Market by Type (Water Borne and Solvent Borne), Application (Laundry & Detergent, Dish Washing, Industrial & Institutional, Hard Surface Cleaning, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026585 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 602.0 million mark in 2022 and is expected to hit US$ 822.0 million by 2030, recording a CAGR of approximately 4.0% during the forecast period.

Growing demand for laundry detergent is propelling the market growth

Polymers have been used in detergent applications for the last few decades owing to benefits such as anti-encrustation, anti-soil redeposition, stain and soil removal and dispersion, a replacement for sodium tripolyphosphate, and removal of insoluble fillers. The primary function of acrylic polymers is to act as builders and anti-soil redeposition agents. Thus, such polymers have been substituted for conventionally utilized phosphate builders in a detergent formulation that are harmful to the environment. In addition, acrylic polymers provide good fabric softening and dispersion properties, which are commonly used in laundry detergents. These factors have created the demand for acrylic polymer in the laundry detergent industry.  

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into water borne and solvent borne. Based on the application, the market is divided into laundry & detergent, dish washing, industrial & institutional, hard surface cleaning, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising demand for acrylic polymer from industrial and institutional cleaning applications

An acrylic polymer is any of a class of polymers made from acrylate monomers. These plastics are known for their strength, transparency,  and elasticity. Acrylic polymer is a strong, stiff, transparent plastic that comes in various colors and finishes. They are an excellent substitute for glass, and it is used in windowpanes, bullet-proof glass, construction, greenhouse roofs, paints, communication devices, and machine parts, among others. The products and solutions provided by the manufacturers in the acrylic polymer market find significant applications as ingredients for cleaning products and solutions.  

 

Rising adoption in various industries is one of the major factors accelerating market growth

Acrylic polymers are versatile materials extensively used and preferred for their various mechanical and physical properties. The manufacturers and players in the acrylic polymer market offer two major types of products and solutions: solvent-borne and water-borne products. In the automobile industry, this material is used to manufacture lighting parts, whiteboards, and screens and to produce components and parts for vehicle exteriors. Moreover, this material is used extensively in coatings for technical textile yarns in the textile industry. Some major applications for the products and solutions in the global acrylic polymer market include hard surface cleaning, dishwashing, laundry and detergent, and industrial and institutional, among others.

 

 

Recent strategic developments in the acrylic polymer market

The acrylic polymer market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Thai Acrylic Fibre launched recycled acrylic fiber Regel.
  • In January 2019, Seiko PMC Corporation acquired a 20.2% stake in Total Acrylic Polymer Industry Corp.
  • In March 2018, Brenntag North America, Inc. announced a partnership with StanChem Polymers. The StanChem product line includes acrylics, styrene-acrylics and vinyl acetate acrylics resin emulsions.

 

The acrylic polymer market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. The Dow Chemical Company, BASF SE, Toagosei Co., Ltd., Nippon Shokubai Co. Ltd., and Sumitomo Seika Chemicals Co., Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Acrylic polymer-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of acrylic polymer
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Water Borne
    • Solvent Borne
  • Application:
    • Laundry & Detergent
    • Dish Washing
    • Industrial & Institutional
    • Hard Surface Cleaning
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • The Dow Chemical Company
    • BASF SE 
    • Toagosei Co., Ltd. 
    • Nippon Shokubai Co. Ltd.  
    • Sumitomo Seika Chemicals Co., Ltd.    

The List of Companies
- The Dow Chemical Company
- BASF SE
- Toagosei Co., Ltd.
- Nippon Shokubai Co. Ltd.
- Sumitomo Seika Chemicals Co., Ltd.

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