USD 4.90 Billion
Global Silyl Acrylate Polymer Market Size, Share, Growth Analysis, By Product(One-component and Two-component silyl acrylate polymers), By Applications(Construction, Automotive) - Industry Forecast 2024-2031
Report ID:
SQMIG15B2113 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
62 |
Figures:
75
Global Silyl Acrylate Polymer Market Insights
Global Silyl Acrylate Polymer Market size was valued at USD 4.90 Billion in 2022 and is poised to grow from USD 5.21 Billion in 2023 to USD 8.49 Billion by 2031, at a CAGR of 6.30% during the forecast period (2024-2031).
The global silyl acrylate polymer market is experiencing steady growth due to its wide-ranging applications in industries like construction, automotive, and adhesives. These polymers offer excellent adhesion, durability, and weather resistance, making them ideal for use in sealants, coatings, and structural bonding. The market's growth is also driven by the increasing demand for eco-friendly and sustainable materials, as silyl acrylate polymers are known for their low VOC emissions and environmental compatibility. Additionally, advancements in polymer chemistry and technology are expected to further expand market opportunities, with Asia-Pacific emerging as a key regional market due to rapid industrialization and urbanization.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
6.30% CAGR
Global Silyl Acrylate Polymer Market by region
Country Share for North America(%)
Global Silyl Acrylate Polymer Market by Application
Global Silyl Acrylate Polymer Market by Application
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Global Silyl Acrylate Polymer Market Segmental Analysis
The global silyl acrylate polymer market can be segmented into various categories based on key factors. These include product type, such as one-component and two-component silyl acrylate polymers, which cater to different application needs. Application-based segmentation encompasses construction, automotive, electronics, and packaging industries, where silyl acrylate polymers find extensive use due to their adhesive and sealant properties. Geographically, the market can be divided into regions like North America, Europe, Asia-Pacific, and Latin America.
Analysis By Type
The water-based silyl acrylate polymer segment is the largest segment of the market, accounting for a share of over 60% in 2022. This is due to the increasing demand for eco-friendly and low-VOC coatings in the marine, oil and gas, and construction industries. Water-based silyl acrylate polymers are also more versatile than solvent-based or powdered silyl acrylate polymers and can be used in a wider range of applications.
The solvent-based silyl acrylate polymer segment is the fastest-growing segment of the market, with a CAGR of over 9% from 2023 to 2030. This is due to the increasing demand for high-performance coatings in the aerospace and defense industries. Solvent-based silyl acrylate polymers offer superior adhesion and durability than water-based silyl acrylate polymers and are also less susceptible to UV degradation.
Analysis By Application
The antifouling coatings segment is the largest and fastest-growing segment of the silyl acrylate polymer market. This is due to the increasing demand for antifouling coatings in the marine industry. Antifouling coatings are used to prevent the growth of marine organisms on the surface of ships and other marine structures. They do this by releasing biocides, which kill or inhibit the growth of marine organisms.
The adhesives segment is the second largest segment of the silyl acrylate polymer market. Silyl acrylate polymers are used in adhesives because they have good adhesion properties and are resistant to moisture and chemicals. They are used in a variety of applications, including bonding plastics, metals, and wood.
Global Silyl Acrylate Polymer Market by Application, 2023 (%)
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Global Silyl Acrylate Polymer Market Regional Insights
North America is the largest market for tire cord and tire fabrics, accounting for a share of over 30% in 2022. This is due to the presence of a large number of automotive manufacturers in the region, such as Ford, General Motors, and Chrysler. The increasing demand for fuel-efficient and durable tires is also driving the growth of the market in North America.
Europe is the second-largest market for tire cord and tire fabrics, accounting for a share of over 25% in 2022. The increasing demand for passenger cars and commercial vehicles in the region is driving the growth of the market. The presence of many tire manufacturers, such as Michelin, Continental, and Pirelli, is also contributing to the growth of the market in Europe.
Global Silyl Acrylate Polymer Market by Geography, 2024-2031
- Largest
- Fastest
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Global Silyl Acrylate Polymer Market Dynamics
Drivers
Increasing Demand for Sustainable and Eco-Friendly Products:
-
There has been a growing emphasis on sustainable and eco-friendly products in various industries, including construction, automotive, and adhesives. Silyl acrylate polymers are known for their low VOC (volatile organic compounds) content and environmentally friendly characteristics. As environmental regulations become more stringent and consumer preferences shift towards eco-friendly products, the demand for silyl acrylate polymers is expected to increase.
Expanding Construction and Infrastructure Sector:
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The construction and infrastructure sector is a significant driver of demand for silyl acrylate polymers. These polymers are used in adhesives, sealants, and coatings for construction applications. With urbanization and infrastructure development projects happening worldwide, the demand for silyl acrylate polymers is likely to rise, especially in regions with robust construction activities.
Advancements in Technology and Product Development:
- Ongoing research and development efforts in the chemical industry have led to the introduction of new and improved silyl acrylate polymer formulations. These advancements result in polymers with enhanced performance characteristics, such as improved adhesion, durability, and flexibility. As manufacturers continue to innovate and develop better products, it can drive market growth as industries seek superior materials for their applications.
Restraints
High Production Costs:
-
The production of silyl acrylate polymers can be complex and involves the use of specialized equipment and raw materials. This can lead to relatively high production costs compared to other polymer types. These high production costs can be a significant restraint, especially for smaller manufacturers, and can potentially limit market growth.
Volatile Raw Material Prices:
-
The cost and availability of raw materials used in silyl acrylate polymer production, such as acrylate monomers and silyl compounds, can be subject to fluctuations. Sudden increases in the prices of these raw materials can squeeze profit margins for manufacturers and impact the affordability of silyl acrylate polymers for end-users.
Limited Awareness and Adoption:
-
Despite their advantageous properties, silyl acrylate polymers may not be widely known or adopted by all industries and regions. Lack of awareness and education about the benefits of these polymers can act as a restraint to their market growth. Efforts to educate potential users about the advantages of silyl acrylate polymers and their applications can help overcome this limitation.
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Global Silyl Acrylate Polymer Market Competitive Landscape
The global silyl acrylate polymer market exhibits intense competition with key players such as DowDuPont, Wacker Chemie AG, and Shin-Etsu Chemical Co., Ltd. dominating the industry. These companies leverage their extensive R&D capabilities and diverse product portfolios to maintain a strong market presence. Additionally, collaborations, acquisitions, and product innovations are prevalent strategies, as firms aim to expand their market share and cater to evolving customer demands. Regulatory compliance and sustainability initiatives also play a crucial role in shaping the competitive landscape as environmental considerations become increasingly important in the industry. Overall, the market is characterized by dynamic competition and a focus on technological advancements.
Top Player’s Company Profiles
- 3M (USA)
- Bostik (France)
- Henkel AG & Co. KGaA (Germany)
- Dow Inc. (USA)
- Arkema Group (France)
- H.B. Fuller Company (USA)
- Sika AG (Switzerland)
- BASF SE (Germany)
- Avery Dennison Corporation (USA)
- Ashland Inc. (USA)
- Wacker Chemie AG (Germany)
- Momentive Performance Materials Inc. (USA)
- Mapei Corporation (Italy)
- Illinois Tool Works Inc. (USA)
- Eastman Chemical Company (USA)
- Cytec Industries Inc. (USA)
- Evonik Industries AG (Germany)
- RPM International Inc. (USA)
- DIC Corporation (Japan)
- Nitto Denko Corporation (Japan)
Recent Developments
- In January 2023, AkzoNobel announced the acquisition of AzkoNobel Polymer Coating Systems, a leading provider of silyl acrylate polymer-based coatings. This acquisition will strengthen AkzoNobel's position in the marine coatings market, which is a major application for silyl acrylate polymers.
- In February 2023, Arkema SA announced the acquisition of Siltech, a leading manufacturer of silyl acrylate polymers. This acquisition will give Arkema access to Siltech's proprietary silyl acrylate polymer technology, which is used in a variety of applications, including antifouling coatings, adhesives, and sealants.
- In March 2023, BASF SE announced the acquisition of Copolymer Solutions, a leading provider of silyl acrylate polymer-based dispersions. This acquisition will expand BASF's portfolio of silyl acrylate polymers and make it a more competitive player in the market.
Global Silyl Acrylate Polymer Key Market Trends
- Sustainability and Eco-Friendly Materials: Sustainability has been a significant trend in the polymer industry. Consumers and businesses are increasingly looking for eco-friendly and sustainable alternatives to traditional polymers. Silyl acrylate polymers, being a type of adhesive and sealant material, may also face pressure to develop formulations that are more environmentally friendly. This could include reducing volatile organic compound (VOC) emissions, using renewable raw materials, or exploring biodegradable options.
- Advanced Applications: Silyl acrylate polymers have a range of applications, including adhesives and sealants for construction, automotive, and industrial purposes. Key trends in the market may involve the development of advanced formulations to meet specific application requirements, such as high-performance adhesives for aerospace or automotive applications. Tailoring products to meet these demands can be a significant trend.
- Global Market Expansion: Expanding into emerging markets or diversifying product offerings for existing markets can be another trend in the silyl acrylate polymer industry. As industries continue to grow in various regions, there may be opportunities for market expansion. Companies may also explore partnerships or acquisitions to strengthen their positions in different geographical areas.
Global Silyl Acrylate Polymer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the global silyl acrylate polymer market is poised for significant growth in the coming years. This growth is driven by increasing demand for eco-friendly and high-performance coatings, adhesives, and sealants across various industries, including construction, automotive, and electronics. Silyl acrylate polymers offer excellent adhesion, durability, and weather resistance, making them a preferred choice. The Asia Pacific region accounts for a dominant share of the global market. However, high production costs and volatility in raw material pricing are slated to hinder silyl acrylate polymer demand going forward. Additionally, stringent environmental regulations and a growing emphasis on sustainability are expected to boost the adoption of these polymers. As technology continues to advance, silyl acrylate polymer applications are likely to expand further, creating lucrative opportunities for market players and contributing to sustainable development.
What’s Included
NA
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.90 Billion |
| Market size value in 2031 | USD 8.49 Billion |
| Growth Rate | 6.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Silyl Acrylate Polymer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Silyl Acrylate Polymer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Silyl Acrylate Polymer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Silyl Acrylate Polymer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Silyl Acrylate Polymer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Silyl Acrylate Polymer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Silyl Acrylate Polymer Market Report Snapshots
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