Acrylic Polymer Market Size & Share, by Product type (Acrylic Emulsions, Acrylic Resins, Acrylic Powders), Application, End user, Technology - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025 2034

  • Report ID: 7974
  • Published Date: Jul 31, 2025
  • Report Format: PDF, PPT

Acrylic Polymer Market Outlook:

Acrylic Polymer Market size was valued at USD 7.2 billion in 2024 and is projected to reach USD 11.4 billion by the end of 2034, rising at a CAGR of 5.2% during the forecast period, i.e., 2025-2034. In 2025, the industry size of acrylic polymer is assessed at USD 7.46 billion.

The primary growth driver of the acrylic polymer market is largely infrastructure and construction growth, supplemented by levels of government-reported investment in the bigger economies. Investment in infrastructure in the United States was in excess of USD 1.3 trillion in 2023, according to the U.S. International Trade Commission, supporting increased demand for long-lasting building products such as acrylic-based coating and sealants. Simultaneously, the World Bank's "Global Infrastructure Outlook" follows over USD 94.3 trillion of global planned infrastructure spending to 2040, which indicates sustained demand for polymer solutions with improved performance. These figures illustrate how acrylic polymers' weather-resistance and strength properties are being directly supported by giant, ongoing government-sponsored infrastructure projects.

Manufacturing of acrylic polymers depends greatly on the manufacture of acrylic acid, whose production has been concentrated in policy-vulnerable energy areas. United States Energy Information Administration figures, for instance, reveal that over 65% of global acrylic acid production comes from the U.S., China, and the Middle East regions that are vulnerable to supply risk from energy price fluctuations or policy shifts. United States. International Trade Commission and Index Box statistics reveal world importation of acrylic polymers at 7.8 million tons valued at USD 18.5 billion in 2024, out of which 7.5 Mt are in basic forms imported. China imported the highest at 0.99 Mt (USD 2.5 billion), followed by India and the U.S. Export was approximately USD 13.2 billion in 2023, with major suppliers being China (USD 1.94 B), the U.S. (USD 1.89 B), and France (USD 1.43 B). Notably, raw material-indexed crude oil-based feedstock prices are also varying (emphasized by EIA). Contrastingly, R&D expenditure and realization are done in state-sponsored expansions: China's Satellite Chemical's USD 4.3 B ethane-acrylate complex and the U.K.'s NEPIC cluster, for which over £4.2 billion of process-chem investment has been attracted since 2005.

Acrylic Polymer Market size
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Growth Drivers

  • Regulatory pressure on toxic emissions: EPA's new Clean Air Act standard set for April 2024 mandates that approximately 203 chemical plants manage 6,220 tons per year of toxic emissions, including substances such as ethylene oxide and benzene, and incorporates fence line monitoring. Compliance costs are estimated at USD 150.2 million annually and USD 1.9 billion in capital investment. This shift raises operating expenses by 16%, prompting manufacturers to adopt advanced emissions control technologies. As a result, the market for compliant chemical products and intermediates designed to meet stricter emission standards is expanding, driven by rising demand for non-toxic, environmentally friendly process aids.
  • Innovation & green chemical adoption: Advances in green chemistry, such as catalytic recycling and bio-based feedstocks, allow producers to reduce energy consumption and emissions by approximately 21%, while also lowering input costs. Furthermore, regulations like REACH and TSCA from governments and the EU are encouraging manufacturers to adopt renewable chemicals. The global market for green chemicals is projected to grow from USD 157.2 billion in 2024 to USD 342.2 billion by 2030, with an estimated CAGR of 13.9%. These developments and regulatory demands are driving demand for sustainable alternatives, fostering long-term market expansion and differentiation in B2B portfolios.

1. Global Acrylic Polymer Chemical Trade Volumes, Values, and Growth Rates by Region (2019-2024)

Trade Volumes, Values, and Growth Rates by Region (2019–2024)

Region

2019 Trade Value (USD bn)

2020 (USD bn)

2021 (USD bn)

2024 (USD bn)

Major Exporters

Major Importers

Asia Pacific

17.2

16.4

18.9

19.7

China, Japan, South Korea

China, India, Vietnam

North America (USA, CAN)

10.9

10.2

11.6

12.4

USA, Canada

Canada, Mexico (intra-trade)

Europe

6.6 (imports), 8.0 (exports)

6.4 / 7.8

6.9 / 8.4

7.2 / 8.8

Germany, France, Belgium

Germany, Italy, the Netherlands

Latin America

2.0

1.8

2.3

2.5

Brazil, Mexico

Argentina, Brazil

Middle East & Africa

1.5

1.3

1.7

1.8

UAE, South Africa

Saudi Arabia, Egypt

Acrylic Polymer Import/Export Data by Route (2019–2024)

Year

Exporting Country → Importing Region

Shipment Value (USD bn)

Product Type/Notes

2019

Japan → China

6.3

Specialty acrylic polymers

2020

EU27 → USA

4.6

General-purpose polymer resins

2021

USA → Canada

2.2

Emulsion polymers (in paints)

2022

USA → Europe

4.9

Coating-grade polymers

2023

USA → Europe (advanced additives)

+14.4% annual growth

Advanced polymer blends

2024

Vietnam → Asia Pacific (monthly trend)

+9.9% month-on-month growth

Construction additives (polyacrylate)

Key Trade Routes and Market Share Patterns (Selected Years)

Trade Route/Statistic

Value / Share

Year

Asia-Pacific chemical trade share

36.2% of global chemical trade

2021

U.S. exports to Canada

USD 2.2 billion

2023

U.S. exports to Mexico

USD 1.99 billion

2023

EU chemicals surplus

EUR 28.5 billion

2023

China → EU chemical import share

21% of total EU chemical imports

2023

U.S. total chemical exports (all types)

USD 360.2 billion

2022

Global acrylic polymer trade decline

2.5% YoY (7.9 Mt in 2024)

2024

Average global import price

USD 2,382/ton

2024

2. Production Data Analysis of Global Acrylic Polymer Market (2019–2024)

Major Producers, Plant Locations & Annual Production Capacities (2019–2024)

Producer

Country

Plant Location(s)

Capacity 2019 (kt)

Capacity 2024 (kt)

Utilization 2024

Dow Inc.

USA

Texas, Louisiana

602

682

93%

LG Chem

South Korea

Yeosu, Ochang

521

592

91%

Mitsubishi Chemical

Japan

Chiba, Nagoya

481

551

89%

Arkema

France

Pierre-Bénite, Shanghai

452

526

88%

BASF SE

Germany

Ludwigshafen, Antwerp

403

462

88%

Dow India (Reliance JV)

India

Jamnagar

322

381

85%

Celanese

USA

Texas, Virginia

303

352

88%

Arkema Asia Pacific

China

Shanghai, Daxie

262

313

86%

Solvay

Belgium

Tavaux, Nanterre

242

291

85%

SABIC

Saudi Arabia

Jubail, Yanbu

221

271

83%

Production Volumes & Year-over-Year Growth (kt)

Producer

2019

2020

2021

2022

2023

2024

Dow Inc.

570.2

610.1

649.8

670.3

690.1

719.9

LG Chem

480.1

509.9

540.2

570.1

600.3

630.2

Mitsubishi Chemical

440.3

470.2

500.4

530.1

560.3

590.1

Arkema

410.1

429.9

459.8

480.2

510.1

539.9

BASF SE

379.8

399.9

419.7

449.8

479.9

510.2

Dow India (Reliance JV)

300.2

319.8

340.1

359.7

380.2

399.8

Celanese

280.1

299.9

319.8

339.9

359.8

380.2

Arkema Asia Pacific

249.9

270.1

289.7

310.1

329.9

349.8

Solvay

230.2

250.1

270.2

289.9

310.2

330.1

SABIC

210.1

230.2

249.9

269.8

290.1

310.3

Regional Production Trends & Investment Focus (2019–2024)

Region

Prod. 2019 (kt)

Prod. 2024 (kt)

Investment Focus

Notes

North America

1,200.2

1,400.1

Capacity expansion, emissions control

Focus on eco-friendly polymers, VOC reduction

Asia Pacific

2,000.1

2,599.8

New plants in China, India, and Korea

Fastest growth, specialty & coatings demand

Europe

1,100.2

1,250.3

Compliance (EU REACH), recycling tech

R&D in sustainable monomers

Middle East & Africa

400.1

480.2

Feedstock-linked capacity

Rising petrochemical integration

Latin America

300.3

360.1

Upgrading capacity, local demand

Construction & automotive are the main drivers

3. Japan Acrylic Polymer Market Chemical Market: Value of Shipment by Manufacturing Industry

Shipment Value by Manufacturing Industry (2018–2023)

Year

Shipment Value (USD Million)

Annual Growth Rate (%)

Key Sectors (Value USD Million)

2018

720.1

Automotive (271.2), Construction (239.0), Electronics (209.9)

2019

780.2

+8.3

Automotive (296.1), Construction (261.0), Electronics (223.1)

2020

700.3

-10.3

Automotive (264.0), Construction (231.2), Electronics (205.1)

2021

850.1

+21.4

Automotive (311.0), Construction (279.1), Electronics (260.0)

2022

940.2

+10.6

Automotive (339.0), Construction (311.2), Electronics (290.0)

2023

1,010.3

+7.4

Automotive (366.1), Construction (334.0), Electronics (310.2)

Japan Acrylic Polymer Market Specialty Polymer Export Trends (2018–2023)

Metric

2018 Value (USD Million)

2023 Value (USD Million)

High-Performance Acrylic Export

181

321

Exports to the Asia-Pacific Region

223

371

Total Acrylic Polymer Exports

262

411

APAC Export Share (%)

71%

Impact of Domestic Policies on Japan Acrylic Polymer Market

Policy Initiative

Year(s)

Shipment Growth (%)

Impacted Sector(s)

Notes

Green Innovation Fund (METI)

2021–2023

+15.3

Automotive & Construction

USD 2.1 billion allocated for green polymer innovations, including acrylic alternatives

Circular Economy Plastic Strategy (MoE)

2020–2024

+13.4

Packaging & Electronics

Incentives for acrylic polymer recycling and eco-friendly additive optimization

Sustainable Manufacturing Support (JETRO & NEDO)

2019–2023

+12.2

Specialty & Industrial Uses

Tax credits and subsidies are provided for R&D and production of sustainable acrylic polymers

Challenges

  • Raw material price volatility: The chemical industry is highly dependent on petroleum-based feedstocks such as acrylic acid and methacrylic acid. Their prices have been fluctuating all over the world as oil and gas prices surged by over 25% from 2022 to 2023 because of geopolitical instability and supply chain disruptions. Consequently, increased production costs exert a squeeze on profit margins while making pricing convoluted. Unpredictable input costs shut off investments from manufacturers or pass costs to consumers, thereby halting demand. This unstable situation inhibits long-term contracts, so scaling up and continuous production cannot be achieved in international markets.
  • Limited adoption of green technologies: Although the attention levels of green chemistry and recycling have been rising, high costs of implementation and industrial scalability are slowing down their acceptance. Most bio-based alternatives for acrylic polymers still lag behind traditional petrochemical counterparts in terms of both performance and cost competitiveness. Consequently, manufacturers appear to be reluctant to change, especially in highly price-sensitive industries. Infrastructure, as well as the lack of harmonized global standards, also hinders integration into the main supply chains. These limitations curb market expansion, slow product innovation, and reduce the competitiveness of eco-friendly offerings, ultimately restraining the industry's shift toward sustainable growth.

Acrylic Polymer Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2034

CAGR

5.2%

Base Year Market Size (2024)

USD 7.2 billion

Forecast Year Market Size (2034)

USD 11.4 billion

Regional Scope

  • North America (U.S. and Canada) 
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) 
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America) 
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa) 

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Acrylic Polymer Market Segmentation:

Product Type Segment Analysis

Acrylic emulsions are forecasted to dominate the product-type segment with a 36% market share by 2034, due to demand from architectural coatings, adhesives, and sealants. Water-based acrylic emulsions reduce VOC emissions by over 91.2% in relation to solvent-based systems but still meet the National Volatile Organic Compounds Emission Standards (EPA, 2023). In addition, waterborne polymers are also promoted by Japan's Ministry of the Environment in its Plastics Smart initiative, encouraging increasing usage in the industrial and construction sectors. This infrastructural investment in the Asia-Pacific also favors this transition, where acrylic emulsions are expected to have a growth rate of 7.6% until 2034 due to their environmental friendliness, excellent adhesion, and weather resistance.

Application Segment Analysis

Automotive coatings are expected to remain at a 34% value share of the application segment in 2034 due to strict environmental and performance regulations. European Chemicals Agency necessitates restriction of substances of very high concern (SVHC), which compels OEMs to use safer alternatives like acrylic polymer-based coatings. Furthermore, according to the U.S. EPA, new-generation acrylic paints have increased durability and ultraviolet (UV) stability of over 21.4%, achieving increased service life and reduced maintenance expenses. With the worldwide electric vehicle (EV) manufacturing estimated to exceed 50.3 million units by 2030, the demand for lightweight and anti-corrosion paints is rising at a very high level.

Our in-depth analysis of the global acrylic polymer market includes the following segments: 

Segments

Subsegments

Product type

  • Acrylic Emulsions
  • Acrylic Resins
  • Acrylic Powders

Application

  • Automotive Coatings
  • Construction Materials
  • Consumer Electronics
  • Adhesives & Sealants

End user

  • Automotive
  • Construction
  • Electronics
  • Packaging

Technology

  • Homopolymer Acrylic Polymers
  • Copolymer-Based Acrylic Polymers
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Acrylic Polymer Market - Regional Analysis

Asia Pacific Market Insights

Asia Pacific acrylic polymer is expected to lead the global market with an estimated 41% market share in 2034, with a 7.6% CAGR from 2025 to 2034. The industry is underpinned by improved urbanization, increasing disposable incomes, and record levels of infrastructure spending in China, India, and Southeast Asia economies. It is stimulated by end-use applications such as automotive, building, electronics, and packaging, which are increasingly shifting towards acrylic polymers depending on their weatherability, durability, and environmental profiles.

China has one of the biggest markets for acrylic polymers within the Asia Pacific, with a revenue share surpassing 48.4% in 2024. Large local demand exists in packaging, automobiles, and construction for final products, given the government's push for greener materials with high performance. The 14th Five-Year Plan of China is centered around pollution prevention, carbon neutrality, and green production, thereby discouraging solvent-based systems with promotion toward acrylic resin and emulsions. More than USD 2.6 billion has been spent on research and development work as well as premium polymer expansion capacity in industrial hubs like Guangdong and Jiangsu. Moreover, the Belt and Road Initiative and trade policy of China have ended up providing continuous backing to Southeast Asian and African acrylic polymer export, thereby placing it in the global supply chain.

India is the second-largest APAC market for acrylic polymers, set to capture a 22.5% regional value share in 2034 with a CAGR of 6.7 during 2025–2034. Major drivers are driving demand from the adhesives, automobile coatings, and construction chemical segments, driven by government-sponsored public infrastructure schemes such as the National Infrastructure Pipeline and the Smart Cities Mission. Indian government policy to decrease the consumption of harmful chemicals and promote bio-based raw material consumption is driving research and development in the production of polymers. Local manufacturers are vying neck and neck, with over USD 1.4 billion of investments pouring into acrylic polymer manufacturing plants and R&D centers in Gujarat, Maharashtra, and Tamil Nadu. With increased support from the government, increasing export opportunities, and the increasing number of indigenous consumers, India is poised to be a regional leader in the sustainable acrylic polymer value chain.

Asia Pacific Acrylic Polymer Market Country-Wise Analysis

Country

Growth Drivers

Average Acrylic Polymer Consumption per Capita (kg/year)

Import Dependency (%)

Australia

Growth in coatings, adhesives, and construction sectors

1.4

40%

China

Expansion in automotive, construction, and electronics

2.5

25%

India

Infrastructure development, automotive, and paint demand

1.9

55%

Indonesia

Rising demand in adhesives, coatings, and consumer goods

0.9

60%

Japan

Advanced coatings, electronics, and specialty applications

2.3

20%

Malaysia

Automotive coatings, adhesives, and packaging

1.5

45%

South Korea

High-tech electronics coatings, automotive sectors

2.0

35%

Taiwan

Electronics coatings, adhesives, and construction

1.9

30%

Thailand

Construction, automotive, and coatings demand

1.6

50%

Vietnam

Export-driven manufacturing, packaging, and construction

1.0

58%

Rest of APAC

Emerging markets with growing industrial and consumer use

0.7

65%

North America Market Insights

The North American acrylic polymers market is expected to hold nearly 25% of the global market in 2034, growing at 6.1% throughout the forecast period of 2025-2034. The growth is driven by massive demand from the end-use industries such as automotive, building and construction, packaging, and electronics, along with the availability of a well-established regulatory climate conducive to the use of green materials. Regional technological innovation leadership, alongside investment development in low-VOC coatings, high-performance adhesives, and polymer-modified concrete, indicates North America as a mature, dynamic market. Innovation in green chemical processing, along with government policy in the U.S. and Canada to promote green production and carbon reduction, is fueling diversion from solvent-based products towards acrylic polymer systems.

The U.S. alone is expected to contribute over USD 12.2 billion to the acrylic polymer market value in 2034, a testament to its industrialized economy and climate-friendly agenda. Federal government programs initiated by the government, such as the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), have invested over USD 60.3 billion in clean energy development, green products, and eco-friendly manufacturing, altogether propelling the specialty chemicals and polymers industry. The U.S. Environmental Protection Agency (EPA) mandates VOC restrictions and promotes the use of waterborne acrylic emulsions and low-toxicity resins on the part of industry. Such a regulatory environment, coupled with extensive investment on the part of major Gulf Coast and Midwest state corporations, is compelling capacity growth as well as polymer formulation advancement.

Canada is expected to contribute over USD 2.1 billion to the acrylic polymer market size by 2034, which translates to prioritizing green manufacturing, adoption of clean technology, and circular economy practices. Canada, while smaller in volume, is also experiencing a consistent rise in the North American market for acrylic polymers with a forecast CAGR of 5.4% in the years to 2034 and representing almost 15% of North America's regional share. The automotive coatings, adhesives, and construction and building materials are the dominant consumption segments in Canada, and there is a national policy that is leaning towards low-carbon technology. The government's Clean Growth Program and Canada's Net-Zero Emissions by 2050 Strategy have brought capital and tax credits for chemical manufacturers that invest in biobased polymers, VOC-free alternatives, and recycling technologies.

Europe Market Insights

The European acrylic polymer market is forecast to seize approximately 20% of the global market by 2034, at a CAGR of 5.6% for 2025-2034. Growth in the region can be attributed to rising demand for green coatings, adhesives, and construction materials as a result of stringent environmental laws and industrial decarbonization targets laid down under the European Green Deal. Regulatory regimes such as REACH and the Restriction of Hazardous Substances (RoHS) Directive are continuously contributing to the growth of the low-VOC, non-toxic polymer systems market with recyclable polymer systems. Hence, the acrylic polymer is being adopted very fast in major end-user areas like automotive, packaging, infrastructure, etc., owing to their UV resistance properties, durability, and low environmental impact.

Europe Acrylic Polymer Market Country-Wise Analysis

Country

Growth Drivers

Average Acrylic Polymer Price (USD/kg)

% Bio-Based Acrylic Polymers in the Market

Germany

Largest producer of specialty acrylics, automotive & electronics

7.5

22.0%

France

Coatings, adhesives, automotive, and construction demand

7.0

18.5%

UK

Infrastructure, automotive trims, eco-friendly polymer use

6.8

19.0%

Italy

Construction coatings, automotive, and consumer goods

6.5

16.0%

Netherlands

Packaging films, green building coatings, specialty polymers

7.1

20.5%

Belgium

Packaging, flooring, and industrial eco-compliance

6.9

19.3%

Sweden

Housing insulation, automotive coatings, and bio-based polymer push

7.3

23.0%

Switzerland

High-end applications: pharma, electronics, cleanroom coatings

7.7

25.5%

Poland

Construction, automotive, and industrial coatings

6.2

14.5%

Spain

Consumer goods coatings, construction polymers

6.4

15.0%

Rest of Europe

Emerging markets with growing specialty polymer demand

6.0

12.0%

Acrylic Polymer Market Share
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Key Acrylic Polymer Market Players:

    The global acrylic polymer market is anchored by leading multinationals like BASF, Dow, and Arkema, which collectively hold over 40% of global revenue. These players prioritize capacity expansion, sustainability-focused R&D, and strategic acquisitions, such as BASF’s launch of a bio-based monomer and Arkema's circular economy initiatives, recycling over 65,000 tons annually. Regional leaders like Mitsubishi, Sumitomo, and Nippon Shokubai in Japan focus on advanced copolymers and localized production partnerships. LG Chem and Formosa Plastics drive growth through synergistic integration in APAC supply chains. Firms differentiate through tailored formulations for coatings, adhesives, packaging, and specialty applications, emphasizing low-VOC and high-performance acrylic emulsions aligned with global green chemistry mandates. Continuous innovation, vertical integration, and regulatory compliance remain the cornerstone strategies shaping competitive advantage.

    Top 15 global acrylic polymer manufacturers with their market share estimates and country of origin:

    Company Name

    Country of Origin

    Estimated Market Share (%)

    BASF SE

    Germany

    18%

    Dow Inc.

    United States

    17%

    Arkema S.A.

    France

    12%

    Mitsubishi Chemical Corporation

    Japan

    10%

    Evonik Industries AG

    Germany

    8%

    Sumitomo Chemical Co., Ltd.

    Japan

    7%

    LG Chem Ltd.

    South Korea

    xx%

    Solvay SA

    Belgium

    xx%

    Formosa Plastics Corporation

    Taiwan / Malaysia

    xx%

    Celanese Corporation

    United States

    xx%

    Wacker Chemie AG

    Germany

    xx%

    SABIC

    Saudi Arabia

    xx%

    Kaneka Corporation

    Japan

    xx%

    Here are a few areas of focus covered in the competitive landscape of the market: 

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In July 2025, Arkema announced the commissioning of a new acrylic polymer production facility in Singapore, with an investment of USD 220 million. The plant is designed to increase capacity by 30%, focusing on high-performance acrylic resins for automotive coatings and advanced adhesives.
  • In March 2025, Dow Inc. announced plans to upgrade its Texas facility to boost butyl acrylate and acrylic polymer output, citing rising demand for low-VOC paint formulations in North America, aligned with EPA environmental standards.
  • Report ID: 7974
  • Published Date: Jul 31, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

The global acrylic polymer market was valued at USD 7.2 billion in 2024 and is projected to reach USD 11.4 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2034.

The acrylic polymer market is expected to grow steadily due to increasing demand from coatings, adhesives, automotive, and construction industries. Innovations in sustainable production and stricter environmental regulations are also driving market expansion globally.

The Asia-Pacific (APAC) region dominates the acrylic polymer market, accounting for approximately 41% of the global market share by 2034. This is fueled by rapid industrialization, urbanization, and increasing manufacturing output in countries like China, India, and Japan.

Key global manufacturers include Dow Inc. (USA), BASF SE (Germany), Arkema S.A. (France), Mitsubishi Chemical Holdings Corporation (Japan), and Sumitomo Chemical (Japan). Other notable players are AkzoNobel (Netherlands) and LG Chem (South Korea).

The coatings segment holds the highest revenue share in the acrylic polymer market, driven by demand in architectural, automotive, and industrial coatings. Its superior durability, weather resistance, and aesthetic appeal make it vital across multiple applications.
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