Acrylates Copolymer Industry is estimated to be valued at USD 450 Billion by the end of 2018, projected to grow at a rate of nearly 4% in the coming years.
Acrylates Copolymer is a type of specialty chemicals consisting of two or more monomers consisting of acrylic acid, methacrylic acid or its esters. The acrylates copolymers find application across an array of industries which includes personal care, process industries, leather, and textile among others. Among the mentioned end use industries, personal care industry accounts for the largest share in terms of value and volume.
Acrylates copolymer is a low hazardous chemical containing acrylic acid or methacrylic acid building blocks or any one of their salt or esters. In other words, Acrylates copolymer consist more than two monomers of acrylic acid and together forms acrylates copolymer.
Acrylates Copolymer Market are: Arkema (France), Celanese Corporation (the U.S), ACURO ORGANICS LIMITED (India), OMNOVA Solutions Inc (the U.S), The Dow Chemical Company (the U.S.), The Lubrizol Corporation (the U.S.), Georgia-Pacific Chemicals LLC (the U.S.), Exxon Mobil Corporation (the U.S.), H.B. Fuller Company, and INEOS (the U.K.) among others.
Acrylates Copolymer Market is segregated into five crucial regions of the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, North America holds a major share in the market due to growing demand of Acrylates Copolymer in cosmetic and food & beverages industries. The cosmetic segment holds much of the market due to its growing awareness and exceptional features offered by the product such as superior flexibility, easy removal. Owing to these factors, countries such as the U.S., Canada, and Mexico are projected to be the leading players during the forecast period.
The Asia Pacific region is estimated to witness a higher CAGR in the Acrylates Copolymer Market because they are easy to use and produce less waste, which makes them applicable in various applications such as leather, adhesives, glass, textiles sectors. China, Japan and India are the major players in this region due to growing use of polymers in cosmetic and chemical industries. The availability of raw materials has prompted the manufacturers and investors to shift their focus from metals and heavy plastics to lightweight materials in automotive industry.
Acrylates Copolymer Market is segmented into application. On the basis of the application, the market is further categorized into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market owing to growing use of Acrylates polymers in skin care products. The food & beverages are encouraging the manufacturers to use Acrylates Copolymer for the production of bottles and containers to provide waterproof and temperature resistant properties.
Acrylates Copolymer Market is bifurcated into application segment. On the basis of application, the market is further sub-divided into cosmetic, chemical, foods & beverages, leather, adhesives, glass, textiles, and others. Among these, the cosmetic segment holds the major share of the market because of growing use of Acrylates Polymers in moisturizers, sun & skin protection, hair care products, and shaving creams.