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Market Snapshot (2023 to 2033)

According to the latest market survey conducted by Future Market Insights, the aqueous acrylic binders market is relishing a market valuation of US$ 2.48 billion in 2022 and is all set to expand with a CAGR of 4.3% during the 2023 to 2033 period. The market is anticipated to top a valuation of US$ 3.92 Billion by the end of the forecast period.

Attributes Details
Market Size 2023 US$ 2.48 Billion
Market Size 2033 US$ 3.92 Billion
Value CAGR (2023 to 2033) 4.3%
Collective Value Share: Top 3 Countries (2023E) 45% - 55%

Aqueous acrylic binders are diffusions of polymer particles in water. These can be used as binders, coatings, or fillers in the production of various types of products including latexes and emulsions. They have excellent properties such as improved mechanical strength, improved chemical resistance, flexibility with low shrinkage rates, and good room temperature processability. These chemicals are used in the production and formulation of paints, adhesives, sealants, construction, and fiber-bonding materials, as well as in the paper and packaging industries.

Aqueous acrylic binders are also used to produce fiberglass and polyester mats that can be used in a variety of applications, such as roof tiles, plasterboard finishes, and HVAC systems. These chemicals are used in numerous vertical industries as raw materials for bonding, modifying, and refining materials and substrates. They form the basis for the manufacturing process of water-based paints, stains, and textured finishes. Lower VOC values are the main reason behind the shift in wood coatings from solvent-based to water-based systems.

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Historical (2018 to 2022) Vs. Forecast (2023 to 2033) Market Outlook

Over the period of time covered by the study (2018 to 2022), aqueous acrylic binders are witnessed great interest from researchers and professionals of various disciplines for various high-value applications. The market for aqueous acrylic binders was recorded to grow at a phenomenal CAGR of 3.4% between 2018 and 2022, mostly due to the rising demand for aqueous acrylic binders in coating applications in the architectural, automotive, and textile industries.

Whereas, as per the latest survey conducted by FMI, the aqueous acrylic binders market is expected to progress at a CAGR of 4.3% between 2023 and 2033. Using coatings based on aqueous acrylic binders, manufacturers can reduce VOCs without slowing down production. The base material can meet the specific needs of various adhesive applications and formulate high-concentration water-based binders that are environmentally friendly and have low viscosity.

Key market players invest most of their sales in research and development to differentiate products, applications, and services. Binders are usually the film-forming constituents of coatings or adhesives. It provides adhesion to the substrate, binds pigments and extenders together, and determines important properties such as durability, flexibility, and gloss.

Market Dynamics

Aqueous Acrylic Binders are proven to be beneficial for the construction industry

Aqueous acrylic binders are used to bond concrete in construction. In construction, aqueous acrylic binders are used in waterproofing grouts, wet room sealants, floor adhesives, and sealing compounds. They reduce the amount of water needed for mixing, which reduces shrinkage and cracking. Aqueous acrylic binders make it easier to shape floors with better wear resistance.

These binders tend to have high strength at elevated temperatures compared to other types of acrylate or methacrylate-based resin/adhesive systems, making them ideal for flooring applications requiring high performance over extended periods of time at elevated temperatures. Increasing urbanization and new concepts in housing and construction are expected to be the key drivers of the market.

Growing Applications of Aqueous Acrylic Binders in Various Other Industries

The textile industry is one of the major users of aqueous acrylic adhesives, which are used as binders for different types of fibers such as synthetic, glass, natural, or cellulose fibers. Growing demand for textiles for apparel and industrial use will require more aqueous acrylic binders for the manufacturing process.

The paper industry uses aqueous acrylic binders to achieve varnished print quality. They impart very good printability, durability, low odor, and high whiteness to the product, improving the appearance and performance of the finished paper and board.

Growing online commerce is expected to positively impact the demand for aqueous acrylic binders for high-performance packaging to protect ordered goods from wear and tear due to shipping. The use of aqueous acrylic binders will be one of the key factors driving innovation in the coatings market to reduce the environmental impact of coating systems and the reduction of HAPs, VOCs, and hazardous chemicals.

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Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

What are Aqueous Acrylic Binders Market Outlook by Application?

The growing demand for water-based coatings across the globe is the key factor driving the growth of the market. Customers in various industries such as residential and commercial buildings are increasingly demanding environmentally friendly products. Aqueous acrylic binders are widely used in coating applications, especially for buildings & construction owing to their excellent properties.

Key market players invest significant sales in Research and Development to differentiate products, applications, and services. Binders are usually the film-forming constituents of coatings or adhesives. It provides adhesion to the substrate and binds pigments and extenders together, thereby regulating important properties such as durability, flexibility, and gloss.

Region-wise insights

How is North America faring in the global aqueous acrylic binders market?

North America is expected to witness moderate growth in the market. This is driven by new product innovations catering to the specific needs of end-use industries, which is expected to positively impact the demand for aqueous acrylic binders in the region.

The demand for aqueous acrylic binders in North America has been predominantly influenced by certain macroeconomic and industrial factors including economic conditions, paints and coatings, pulp and paper, construction, textiles, and other industrial sector growth. Demand for aqueous acrylic binders is expected to witness a growth rate of 3.9% in North America.

What are the future prospects for the aqueous acrylic binders market in the Asia Pacific region?

The Asia Pacific region is expected to witness significant growth owing to rapid growth in the coatings industry driven by rapid industrialization in the emerging economies of the region. The market holds a significant share in terms of revenue in the Asia Pacific region owing to the growing coatings industry required by new infrastructure in emerging economies such as India, Vietnam, Thailand, and Indonesia. Architectural, automotive, vehicle, and industrial coatings segments have seen high demand over the past few years, which in turn has boosted market growth.

Rising consumer inclination towards eco-friendly and sustainable products, significant growth of various applications, such as paints and coatings, etc., and the increasing presence of aqueous acrylic binders manufacturing companies along with various government stringent regulations are some of the prominent factors driving the demand for aqueous acrylic binders in the region.

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Competitive Landscape

Major players in the aqueous acrylic binders market are focusing on expanding their capabilities and resources to meet the growing demand for aqueous acrylic binders for various applications. In addition, well-known players are adopting cooperation and joint venture strategies to expand their influence and resources. Several major players are also launching new products to meet the growing demand for novel products across various end industries.

Various findings and assessments presented in the study help to identify lucrative opportunities and new areas in key and emerging regions. The study takes a closer look at the developments in the manufacturing industry and the important trends supporting new applications.

Scope of the Report

Attribute Details
Growth Rate CAGR of 4.3% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ Billion, Volume in Tons, and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Application (Pulp & Paper, Paint Emulsions, Construction Chemicals, Textiles Processing, Leather Processing, Home Care, Hygiene, Other)
Regions Covered North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa (MEA)
Key Countries Covered The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia, New Zealand, GCC Countries, Turkey, South Africa
Key Companies Profiled BASF; DOW Chemicals; Polímeros y Sistemas de Aplicación Tecnica S.L.; Scott Bader Group; Omnova Solutions; Arkema Inc.; Tanatex Chemicals; Achitex Minerva Spa; Neochem Technologies; Other Key Players
Customization & Pricing Available upon Request

Market Segmentation

By Application:

  • Pulp & Paper
  • Paint Emulsions
  • Construction Chemicals
  • Textiles Processing
  • Leather Processing
  • Home Care
  • Hygiene
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • Middle East & Africa (MEA)

Frequently Asked Questions

What was the value of the market in 2022?

In 2022, the value of the global aqueous acrylic binders market reached over US$ 2.48 Billion

At what rate is the global market projected to expand during the forecast period?

During the forecast period, the global aqueous acrylic binders market is estimated to expand at a CAGR of 4.3% from 2023 to 2033.

By 2033, what will the value of the global market?

The global aqueous acrylic binders market is projected to reach US$ 3.92 Billion by the end of 2033.

Which are the top players in the market?

The key players operating in the aqueous acrylic binders market are BASF, DOW Chemicals, Polímeros y Sistemas de Aplicación Tecnica S.L., Scott Bader Group, Omnova Solutions, Arkema Inc., Tanatex Chemicals, Achitex Minerva Spa, Neochem Technologies, and among others.

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