Acrylic polymers market for cleaning applications is expected to grow from USD 580 million in 2021 to USD 709 million by 2026, at a CAGR of 4.1%

ReportLinker

Water transportation accounted for the largest market share of 93.8% in 2020, in terms of value. Laundry and detergents are estimated to be the largest application of the acrylic polymers market for cleaning applications during the forecast period, followed by dishwashing in terms of volume.

New York, April 11, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Acrylic Polymers Market for Cleaning Applications by Type, Application and Region – Global Forecast to 2026” – https://www.reportlinker.com/p06267684/?utm_source=GNW
With increasing population, rising per capita income, changing lifestyle and growing use of washing machines across the world, the demand for laundry detergent is increasing, which is boosting through the following the market for acrylic polymers for cleaning applications. Additionally, the growing demand for liquid dishwashing products in hotels, restaurants, and food retailers, as well as household applications, further supports the growth of the acrylic polymers market.

Water is the largest segment by type in the acrylic polymers market for cleaning applications
Based on type, the water-based acrylic polymers segment is estimated to account for the largest share of the overall market. The main factor driving this segment is the high solubility, dispersion in cleaning products and growing demand for durable products.

It also helps to improve the performance and efficiency rate of the cleaning product, due to which it is widely used in Europe and North America. However, the cost of the water-based product is high compared to the solvent-based product.

Laundry and detergents constitute the largest segment by application in the acrylic polymers market for cleaning applications
The laundry and detergents segment is estimated to account for the largest share of the overall acrylic polymers market for cleaning applications in 2020, closely followed by the dishwashing segment. With increasing population, rising per capita income, changing lifestyle and increasing usage of washing machines across the world, the demand for laundry detergent is increasing, which Subsequently driving the acrylic polymers market for cleaning applications.

Additionally, the growing demand for liquid dishwashing products in hotels, restaurants, and food retailers, as well as household applications, further supports the growth of the acrylic polymers market.

North America is estimated to be the largest market for acrylic polymers market for cleaning applications
North America accounted for the largest share of the acrylic polymers market for cleaning applications in 2020, followed by Europe. In Europe and North America, stringent regulations and rising demand for sustainable laundry detergents and other cleaning products have supported the growth of the acrylic polymers market for cleaning applications across the regions.
In-depth primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.

The breakdown of primary interviews is given below:
• By type of business: level 1: 40%, level 2: 20% and level 3: 45%
• By Designation – C Level Executives – 20%, Director Level – 20% and Others* – 60%
• By region – North America – 40%, Europe – 40%, APAC – 15% and Rest of the world – 5%
Notes: Others include sales, marketing, and product managers.
Company tiers are categorized based on their annual revenue as of 2020 as Tier 1 => $5 billion, Tier 2 = $1 billion to $5 billion, and Tier 3

The major players in the acrylic polymers market for cleaning applications are Dow Inc. (USA), BASF SE (Germany), Toagosei Co., Ltd. (Japan), Sumitomo Seika Chemicals Co., Ltd. (Japan), Arkema (France), Nippon Shokubai Co. Ltd. (Japan), Ashland Global Holdings, Inc. (USA) and others.

Research Coverage:
This research report categorizes the acrylic polymers market for cleaning applications based on type, application, and region. The report includes detailed information on the major factors influencing the growth of the Acrylic Polymers for Cleaning Applications market such as drivers, restraints, challenges, and opportunities.

A detailed analysis of major industry players has been carried out to provide information on business overviews, products and services, key strategies, expansions, new product developments, acquisitions and recent developments associated with the market .

Reasons to buy the report

The report will help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the Acrylic Polymers for Cleaning Applications market and provides the closest approximations of market size for the overall market and sub-segments within verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with insights into key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to understand the key competitors and gain insights to improve their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4. The report includes the impact of COVID-19 on the Acrylic Polymers for Cleaning Application Market.
Read the full report: https://www.reportlinker.com/p06267684/?utm_source=GNW

On Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

Comments are closed.