Top Emerging Trends in the Global Acrylate Monomers Market | Technavio

LONDON–(BUSINESS WIRE)–#Polymers–Technavio’s latest market research report on the global
acrylate monomers market provides an analysis of the most
important trends expected to impact the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio analysts, the global acrylate monomers market
will grow at a CAGR of close to 6% during the forecast period.
The wide application of acrylate monomers in the paints and coatings
industry is a major factor driving the market’s growth.

The demand for acrylate monomers in the paints and coatings industry is
increasing due to the technological advances in the production process
and selection of high-quality raw materials for manufacturing acrylate
coatings. Acrylics are widely used as acrylic solution polymers and
acrylic emulsions. Acrylate monomers are popularly used as binding
agents due to their properties such as color stability, transparency,
and weather resistance.

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In this report, Technavio highlights the rising demand for water-based
acrylate coatings as one of the key emerging trends driving the global
acrylate monomers market:

Rising demand for water-based acrylate coatings

The increasing awareness about the harmful effects of synthetic or
solvent-based coatings on health and environment has augmented the
demand for water-based coatings. The most popular paints and coatings
are water-based acrylic coatings, which are used in various end-user
segments. Environmental concerns regarding the impact of VOCs on air
quality have led to the substitution of solvent coatings with
water-based coatings. Water-based acrylate
copolymers used in coatings offer excellent scrub and
stain-resistance, superior pigment wetting, tack-free ability, and
superior water barrier properties.

“There has been an increase in demand for water-based coatings due to
factors such as the rising middle-class population, increasing health
concerns, and technological advances. Water-based acrylates are used for
the development of acrylic resins as they inculcate properties such as
resistance to chemicals, water, and corrosion and enhance cohesion. The
increasing demand for water-based acrylate coatings is expected to have
a positive influence on the global acrylate monomers market during the
forecast period,” says a senior analyst at Technavio for research on plastics,
polymers, and elastomers.

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Global acrylate monomers market segmentation

This market research report segments the global acrylate monomers market
into the following applications (paints and coatings, adhesives and
sealants, plastics, and printing inks) and key regions (the Americas,
APAC, and EMEA).

The paints and coatings segment held the largest market share in 2017,
accounting for nearly 44% of the market. The market share for this
application is expected to increase by 2022.

APAC was the leading region for the global acrylate monomers market in
2017, accounting for a market share of nearly 42%. By 2022, APAC is
expected to continue dominating the market and register the highest
growth in terms of market share.

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