iCrowdNewswire Jan 21, 2021 4:00 PM ET
Acrylates Copolymer Market Overview:
The global market for acrylates copolymer is getting ample backing from several end user industries, owing to which the market can register impressive valuations by 2023. Market Research Future (MRFR) revealed factors that can influence the market during the forecast period of 2018 to 2023 to ensure better growth. Various end users like chemicals, foods & beverages, cosmetics, glass, textiles, leather, adhesives, and others are expected to increase the demand. The product is waterproof in nature, owing to which it is getting huge traction from the packaging industry. Its better temperature resistance also helps the market in getting a proper direction.
Acrylates Copolymer Market Segmentation:
MRFR’s discussion of the global acrylates copolymer market has been segmented on the basis of the application to deliver a detailed understanding of the market. This segmentation and its special emphasis on the analysis of factors are expected to help players in devising strategies that can boost the profit margin.
By application, the global market for acrylates copolymer can be segmented into chemical, foods & beverages, textiles, cosmetics, adhesives, glass, leather, and others. The cosmetic segment had the maximum market share as the inclusion of acrylates polymers in skincare products is quite extensive. The food & beverage industry is also spurring the demand for bottles and containers that would be waterproof and temperature resistant in nature. This is to meet the growing demand for supply and logistics. In the chemical industry, the rise in intake of these components is to back the growing demand from the paints and coating manufacturing facilities.
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Acrylates Copolymer Market Regional Analysis:
North America has the maximum market share, and it is getting strong backing from the food and beverage industry. The growing need for packaged food is boosting the regional market and it is getting better traction from the US and Canada as their infrastructural and technical superiority are supporting the necessary steps to move forward. The Asia Pacific market is the fastest-growing regional market. This is due to the rise in industries in various regional markets. The huge cosmetics and chemical industries in China, India, and Japan are expected to create provisions for growth. This is also possible due to the easy availability of various raw materials. The component is flexible in nature, which is also boosting its prospects in various end user industries.
Acrylates Copolymer Market Competitive Landscape:
Celanese Corporation (the U.S), ACURO ORGANICS LIMITED (India), Arkema (France), The Dow Chemical Company( the U.S.), OMNOVA Solutions Inc (the U.S), Georgia-Pacific Chemicals LLC (the U.S.), H.B. Fuller Company, The Lubrizol Corporation (the U.S.), Exxon Mobil Corporation( the U.S.), and INEOS( the U.K.) are companies with substantial impact on the acrylates copolymer market. These companies would indulge in mergers, acquisitions, collaborations, increasing funding for research and development, marketing strategies, and others as their means to establish a productive premise for the company. MRFR included the latest steps these companies took in the report to make the market study easier.
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