Singapore Acrylic Emulsions Market Insights Forecasts to 2033

• The Market Size is growing at a CAGR of 6.9% from 2023 to 2033
• The Singapore Acrylic Emulsions Market Size is expected to hold a significant share by 2033

The Singapore Acrylic Emulsions Market Size is anticipated to hold a significant share by 2033, growing at a CAGR of 6.9% from 2023 to 2033. The increasing use of acrylic emulsions in coatings, adhesives, and textiles and the demand for sustainable and high-performance solutions are driving the growth of the acrylic emulsions market in Singapore.     

Market Overview

Acrylic emulsions are inherently UV-stable polymers capable of forming very soft and elastic coatings. Polymers are emulsified in water to create acrylic emulsion, a form of acrylic resin. Its exceptional qualities, including high transparency, weather resistance, durability, good grindability, and dispersity, make it a material that is both adaptable and frequently utilized. The coating of acrylic emulsion is suitable for pressure-sensitive adhesives or roof coating formulations up to very hard, scratch and mar-resistant coatings, like wood or concrete floor acrylic paints. The water-based acrylic emulsion trend offers a profitable possibility for market expansion. Because of their low volatile organic compound (VOC) content and compliance with strict standards, water-based acrylic emulsions are in high demand because of the increased emphasis on ecologically friendly and sustainable solutions.

Report Coverage

This research report categorizes the market for the Singapore acrylic emulsions market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore acrylic emulsions market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore acrylic emulsions market.

Driving Factors

The widespread use of emulsion in flooring adhesives and sealants & caulk owing to their excellent performance in interior and exterior use and their non-toxicity & ease of use characteristics are propelling the market. Further, the use of acrylic coating in the textile industry including non-woven fabrics, flannelette blankets, and lamination due to their excellent adhesive and waterproofing properties is also responsible for driving the market. The inclination towards the use of water based acrylic emulsions due to its excellent performance, safety, and sustainability is driving the market demand. Businesses that use water-based acrylics not only invest in a product that satisfies the requirements of contemporary applications, but they also make an environmentally conscious decision.

Restraining Factors

The fluctuation in prices of acrylic monomers may hamper the market growth. Further, the increasing company emphasis on the development of low VOC content formulation due to the requirement of environmental regulations is challenging the Singapore acrylic emulsions market.

Market Segmentation

The Singapore Acrylic Emulsions Market share is classified into type and application.

• The polymer & co-polymer segment is anticipated to hold the largest market share during the forecast period.

The Singapore acrylic emulsions market is segmented by type into polymer & co-polymer and pure acrylic. Among these, the polymer & co-polymer segment is anticipated to hold the largest market share during the forecast period. Acrylic polymer is used due to its strong adhesion, water resistance, elongation balance, and UV resistance. Further, to make paper plates, wrappers, and fast food bags resistant to oil and grease, emulsion polymers are also employed to coat them. The low VOC emission rate, durability, and demand from the paper & packaging industry of acrylic polymer emulsion are responsible for driving the market growth in the polymer & co-polymer segment.

• The paints & coatings segment accounted for the largest market share during the forecast period.

Based on the application, the Singapore acrylic emulsions market is divided into paints & coatings, adhesives & sealants, construction additives, paper coatings, and others. Among these, the paints & coatings segment accounted for the largest market share during the forecast period. Acrylic emulsion is used in paints and varnishes for improving abrasion resistance, washability, and resistance to fungi and algae. The increasing application of acrylic for architectural coatings of exterior and interior walls, panels, and windows is driving the market demand in the paints & coatings segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore acrylic emulsions market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF
• Dow Chemical
• Celanese
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Acrylic Emulsions Market based on the below-mentioned segments

Singapore Acrylic Emulsions Market, By Type

• Polymer & Co-polymer
• Pure Acrylic

Singapore Acrylic Emulsions Market, By Application

• Paints & Coatings
• Adhesives & Sealants
• Construction Additives
• Paper Coatings
• Others