According to the business intelligence report titled ‘Global Acrylic Polymer Market Size study, by Type( Water-borne, Solvent-borne ), by Application (Laundry & Detergent, Dish Washing, Industrial & Institutional, Hard Surface Cleaning, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global acrylic polymer market was worth USD 580 million in 2021 and is estimated to touch a valuation of USD 763.2 million by 2028, while progressing at a CAGR of 4% through the forecast period.  

Increasing product demand for laundry detergent manufacturing, and wide usage of cleaning chemicals due to surging emphasis placed on workplace hygiene are slated to drive global acrylic polymer market growth.

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For the unversed, acrylic polymers are manufactured through free radical polymerization of acrylic acid. The product is mainly utilized as a base component for cleaning material, namely laundry detergents, and dishwashing solutions among others.

In addition, growing inclination toward environmentally sustainable cleaning solutions may radically improve the demand for acrylic polymers in the ensuing years.

However, unstable raw material prices due fluctuations in the price of crude oil is likely to hamper market progression during 2022-2028.

Speaking of segmentation, worldwide acrylic polymer market is bifurcated on the basis of type and application spectrum. Projections with respect to growth rate and revenue based on historic data are provided in the document to ensure a deeper understanding of market dynamics among stakeholders.

From a regional frame of reference, North America market is estimated to witness a significant growth rate through 2028, owing to growing demand for cleaning products such as dishwashing & laundry detergents in the region.

Meanwhile, Asia Pacific as well as Europe are also arising as promising avenues for market stakeholders during the forecast timeframe.

Speaking of the competitive framework, the details about product offerings and innovative strategies adopted by key players in global acrylic polymer industry such as Anshika Polysurf Ltd., Ashland Global Holdings, Inc., BASF SE, Chemipol S.A., Nippon Shokubai Co., Ltd., Sumitomo Seika Chemicals Co., Ltd., Toagosei Co., Ltd., The Lubrizol Corporation, Dow, Inc., and Arkema S.A. among others are entailed in the report.