According to the report, the acrylic polymer market was valued at $20.0 billion in 2022, and is estimated to reach $36.9 billion by 2032, at a CAGR of 6.4% from 2023 to 2032.  

Allied Market Research published a report, titled, "Acrylic Polymer Market by Type (Solvent Borne and Water Borne), and Application (Paints and Coatings, Adhesives and Sealants, Industrial water treatment additives, Textiles, Cleaning/Detergents, Super Absorbent Polymer, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032".  

Prime determinants of growth  

The global acrylic polymer market is driven by rising demand from the automotive sector. Factors such as increase in disposable income, technological upgrades, and spurring rise in original equipment manufacturers (OEMs) have led the automotive sector to witness significant growth. For instance, according to an article published by The China Association of Automobile Manufacturers in January 2023, China’s auto sales increased by 9.5% in 2022 as compared to 2021 owing to rise in sales of electric vehicles in the country.  

Acrylic polymers play a critical role in enhancing the performance, aesthetics, and durability of automotive components, contributing to the advancement of modern vehicles. Their diverse properties make them indispensable across various automotive applications, from coatings and adhesives to interior trim and lighting. This factor is expected to foster the demand for acrylic polymer in rise in the automotive sector; thus, fueling the growth of the acrylic polymers market. However, volatility in raw materials may restrain the growth of the acrylic polymer market.