Acrylic Polymer Market Report Scope & Overview:

The Acrylic Polymer Market Size was valued at USD 610 million in 2023 and is expected to reach USD 847.76 million by 2031 and grow at a CAGR of 4.2% over the forecast period 2024-2031.

The acrylic polymer market growth is driven by increasing demand across various end-use industries such as automotive, construction, packaging, and electronics is propelling market expansion. Additionally, technological advancements leading to the development of innovative acrylic polymer formulations with enhanced properties such as UV resistance, thermal stability, and water repellency are further boosting market demand. Moreover, growing environmental concerns and stringent regulations favoring low VOC emissions and sustainable solutions are driving the adoption of acrylic polymers as eco-friendly alternatives to conventional materials. Furthermore, expanding construction activities, especially in emerging economies, coupled with rising disposable incomes, are fueling the demand for acrylic-based construction materials like paints and coatings, contributing significantly to market growth. Overall, these factors collectively underpin the flourishing trajectory of the acrylic polymer market.

Acrylic Polymer Market Revenue Analysis

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Market Dynamics:


  • Increasing demand for acrylic polymer from Institutional and industrial cleaning applications.

  • Growing adoption of acrylic polymer in paper and packaging industries

The growing adoption of acrylic polymer in the paper and packaging industries is primarily driven by its versatility and performance benefits. Acrylic polymers are widely used as coatings and adhesives in paper and packaging applications due to their excellent adhesive properties, moisture resistance, and durability. Additionally, their ability to provide a high level of clarity and gloss when used as coatings, enhancing the visual appeal of packaging materials and printed surfaces drives the growth of the acrylic polymer market.


  • Fluctuation in the prices of raw material of acrylic polymer


  • Rising demand for eco-friendly and sustainable materials

  • Expanding construction activities, especially in emerging economies, driving demand for acrylic-based construction materials


  • Competition from alternative materials like epoxy, polyurethane, etc..

  • Rising concerns regarding the environmental impact of acrylic polymers, particularly in terms of disposal and recycling.

As acrylic polymers persist in the environment for extended periods, improper disposal can lead to pollution and ecosystem harm. Additionally, the lack of efficient recycling methods for acrylic polymers poses challenges in mitigating their environmental footprint, prompting the need for sustainable disposal and recycling solutions to address these concerns.

Impact of Russia-Ukraine War:

Russia is a significant exporter of natural gas, a key feedstock for acrylic acid, a crucial component in acrylic polymer production. Sanctions and disrupted trade routes are pushing up natural gas prices globally. This directly impacts the cost of producing acrylic acid, a major contributor to the final price of acrylic polymers. The war has also caused a surge in global oil prices. Since many acrylic polymer production processes are energy-intensive, these higher costs translate to increased manufacturing expenses. This has forced producers to raise prices or potentially reduce production. Ukraine has a thriving chemical industry, and the war has disrupted transportation routes through the region. This led to shortages of key raw materials or delays in deliveries, further impacting acrylic polymer production globally. The overall economic uncertainty caused by the war fuels inflation, impacting various aspects of production.  From labor costs to transportation expenses, everything becomes more volatile, making it difficult for manufacturers to predict and manage their acrylic polymer production costs.

Impact of Economic Downturn:

During economic downturns, consumer spending tends to decline in sectors like construction and automotive, major consumers of acrylic polymers in paints, coatings, and plastics for vehicles. This led to a decrease in demand for acrylic polymers, potentially slowing down market growth. However, economic downturns can also push industries to seek more cost-effective materials. Acrylic polymers often boast advantages like affordability and durability compared to some alternatives. This could lead to increased adoption in certain applications. Economic downturns might not necessarily hamper the ongoing focus on sustainability.  Acrylic polymers often have water-based options with lower VOC (volatile organic compound) emissions compared to traditional solvent-based solutions. This can make them attractive choices for environmentally conscious companies even during economic hardships. Overall, the impact of an economic downturn on the acrylic polymer market depends on various factors. While some sectors might see a decline in demand, others might find acrylic polymers an attractive option due to their cost-effectiveness and sustainability benefits.

Market Segmentation:

By Type

  • Solvent-Borne

  • Water-Borne

The Water-Borne dominated the type segment of the acrylic polymer market with the highest revenue share in 2023. This is due to its eco-friendly nature and compliance with stringent environmental regulations. Water-borne acrylic polymers offer lower VOC emissions, making them safer for both users and the environment. Additionally, their ease of application, cleanup, and comparable performance properties to solvent-based alternatives have fueled their preference across various industries. Rising consumer demand for sustainable solutions further contributes to the widespread adoption of water-borne acrylic polymers, solidifying their position as the leading choice in the market.

Acrylic Polymer Market Segment By Type

By Application

  • Laundry & Detergent

  • Industrial & Institutional

  • Hard Surface Cleaning

  • Dish Washing

  • Others

Laundry & Detergent application segment held the highest revenue share of more than 35% in 2023. The growing global population and urbanization have increased the demand for laundry and detergent products. Secondly, consumers' heightened awareness of hygiene and cleanliness, particularly amid the COVID-19 pandemic, has driven the demand for effective laundry solutions. Additionally, technological advancements in detergent formulations, including the integration of acrylic polymers, have improved cleaning performance and stain removal, further boosting demand. Lastly, the expansion of the e-commerce sector has facilitated easier access to laundry and detergent products, contributing to the segment's robust revenue growth.

Acrylic Polymer Market Segment By Application

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Regional Analysis:

North America dominated the Acrylic Polymer Market with the highest revenue share in 2023. This is due to the presence of various industries particularly in sectors like automotive, paint and coatings, construction, and consumer goods, where acrylic polymers find extensive use. Secondly, stringent environmental regulations favoring the adoption of eco-friendly materials have propelled the demand for acrylic polymers, known for their lower VOC emissions and sustainability. Additionally, robust research and development activities, coupled with technological advancements, have led to the innovation of high-performance acrylic polymer formulations, further driving market growth.

The Asia-Pacific region is predicted to grow with the highest CAGR during the forecast period of 2024-2031 in the acrylic polymer market, driven by rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations are driving increased demand for acrylic polymers across various industries, including construction, automotive, electronics, and paper & packaging industries. Secondly, favorable government initiatives promoting infrastructure development and investments in key sectors further stimulate market growth.


North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players:

The major key players are Kamsons Chemicals Pvt. Ltd, Celanese Corporation, Nippon Shokubai Co. Ltd., BASF SE, Pexi Chem Private Limited, The Dow Chemical Company, The Lubrizol Corporation, Xyntra Chemicals B.V., Asian Paints Ltd., StanChem, Inc., and other players mentioned in the final report.

Celanese Corporation-Company Financial Analysis

Recent Development:

  • In Nov 2023, BASF introduced BVERDE® GP 790 L as the newest addition to its extensive range of ingredients for laundry detergent applications. This innovative, readily biodegradable*, anti-redeposition polymer is specifically designed to meet the increasing demand from customers for sustainable products without compromising on performance.

  • In Feb 2023, Univar Solutions B.V., a subsidiary of Univar Solutions Inc., was appointed as the distributor for Dow's acrylic emulsion polymer products in the United Kingdom and Ireland.

  • In May 2023, PT. NIPPON SHOKUBAI INDONESIA ("NSI"), a subsidiary of NIPPON SHOKUBAI CO., LTD. inaugurated a new acrylic acid ("AA") facility with a production capacity of 100,000 MT/Y in Cilegon, Banten, Indonesia. The total investment in the project is approximately 200 million US dollars.

Acrylic Polymer Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 610 Million
Market Size by 2031 US$ 847.76 Million
CAGR CAGR of 4.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Solvent-borne, Water-borne)
• By Application (Laundry & Detergent, Industrial & Institutional, Hard Surface Cleaning, Dish Washing, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Kamsons Chemicals Pvt. Ltd, Celanese Corporation, Nippon Shokubai Co. Ltd., BASF SE, Pexi Chem Private Limited, The Dow Chemical Company, The Lubrizol Corporation, Xyntra Chemicals B.V., Asian Paints Ltd., StanChem, Inc., and Other Players

• Increasing demand for acrylic polymer from Institutional and industrial cleaning applications.

• Growing adoption of acrylic polymer in paper and packaging industries

Restraints • Fluctuation in the prices of raw material of acrylic polymer

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Kamsons Chemicals Pvt. Ltd (India), Celanese Corporation (U.S), Pexi Chem Private Limited (India), The Dow Chemical Company (U.S), The Lubrizol Corporation (U.S), Xyntra Chemicals B.V. (the Netherlands), Asian Paints Ltd. (India) and StanChem, Inc. (U.S)


Ans: As a result of the COVID-19 pandemic, there is a growing awareness of the importance of hygiene and cleanliness in public spaces, and governments have published rules to prevent the virus from spreading. As a result, the demand for cleaning products in industrial and institutional settings has risen dramatically around the world, boosting the acrylic polymer market for cleaning applications. However, market growth may be limited in the coming years due to fluctuating crude oil prices and rising raw material prices around the world.

Ans:  Institutional and industrial cleaning applications are seeing an increase in demand and Demand from the paper and packaging industries is increasing are the drivers for Acrylic Polymer Market.

Ans: The Acrylic Polymer Market Size was valued at USD 610 million in 2023.



1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.4 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine War
5.2 Impact of Economic Slowdown
5.2.1 Introduction
5.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea India

6. Value Chain Analysis

7. Porter’s 5 forces model

8. PEST Analysis

9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa

10. Acrylic Polymer Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Solvent-Borne
10.4 Water-Borne

11. Acrylic Polymer Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Laundry & Detergent
11.4 Industrial & Institutional
11.5 Hard Surface Cleaning
11.6 Dish Washing
11.7 Others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe
12.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East
12.5.2 Africa Nigeria South Africa Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America

13 Company Profile
13.1 Kamsons Chemicals Pvt. Ltd
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Celanese Corporation
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Nippon Shokubai Co. Ltd.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 BASF SE
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Pexi Chem Private Limited
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 The Dow Chemical Company
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 The Lubrizol Corporation
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Xyntra Chemicals B.V.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Asian Paints Ltd.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 StanChem, Inc.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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