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Polyacrylate Market Dynamics, Segments and Supply Demand

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udaysinh pawar

The global polyacrylate market is anticipated to reach USD 2.14 billion by 2026 according to a new study published by Polaris Market Research. Polyacrylate is among one of the most largely used polymer for numerous end-use products. The global polyacrylate market is primarily driven by the tremendous growth of paints & coatings, adhesives, and textile markets. This polymer is used in versatile applications on account of its excellent characteristics.

In the fast-growing paints & coatings industry, polyacrylates are used in powder coatings applied to appliances & automotive parts, in solvent-borne coatings applied to substrates in corrosive environment & construction structures, and in water-based coatings for applications in the architectures & protective segment coatings.

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Rising global population in tandem with the increase in disposable incomes has led to growth of many end-use industries that include high growth prospects of the Polyacrylate Market. Increase in construction activities in many nations, especially the developing countries and revamping of the older structures coupled with consumer demand for feature-rich coatings has mainly driven the demand of polyacrylates in this end-use industry.

The major restraint that the polyacrylate market has witnessed is threat of substitutes. This polymer has many other resin alternatives that instead can be used for the formulation of paint & coatings and dispersants. Moreover, latest technical developments and advancements in the material science of the substitutes is also expected to become a wider restraint for the market. Few of such resins include epoxy, alkyd resins, and polyurethane. These polymeric resins have witnessed higher growth on account of their superior properties.

The global polyacrylate market comprises of large number of multinationals and local market players. Polyacrylates industry is highly competitive and moderately consolidates due to large number of established chemical market players. Some of the major market players for polyacrylates include BASF SE, Arkema, Evonik Industries AG, Lucite International, LG Chem Ltd., DowDupont, Kao Corporation, Sanyo Chemical, and RSD Polymers Pvt Ltd.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected]

Web: www.polarismarketresearch.com

 

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