USD 4.90 Billion
Silyl Acrylate Polymer Market Size, Share, Growth Analysis, By Applications(Coastal, Container, Deep Sea, Leisure Boats), By Type(Metal Free, Metal Containing), By Sector(Ship-Building, Repair & Maintenance), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2113 |
Region:
Global |
Published Date: June, 2024
Pages:
184
|Tables:
91
|Figures:
76
Silyl Acrylate Polymer Market Insights
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
Metal Free
Fastest Growth
Metal Containing
Growth Rate
6.30% CAGR
Silyl Acrylate Polymer Market by Region
Country Share for North America(%)
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Silyl Acrylate Polymer Market Segmental Analysis
The silyl acrylate polymer market can be segmented into application, type, sector, and region. Based on application, the market is segmented into coastal, container, deep sea, leisure boats, offshore vessels, and others. Based on type, the market is segmented into metal free, and metal containing. Based on sector, the market is segmented into shipbuilding, and repair & maintenance. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The metal-free segment held the largest share of the silyl acrylate polymer market in the year 2023 during the forecast period. This segment lacks elemental metals, but it contains metal in biocides. Such compositions have very good self-polishing characteristics, which make them even more attractive. The slow leaching of metal biocides gives these polymers a long-lasting antifouling property, which is beneficial in marine environments. This is because they are able to prevent biofouling while at the same time meeting all the environmental standards in the market. The need to achieve high performance and meet environmental standards has led to the use of metal-free silyl acrylate polymers in industries.
Silyl acrylate polymers containing metal is expected to have the highest CAGR during the forecast period. This demand stems from metal-containing silyl acrylate polymers providing enhanced durability and efficiency in preventing biofouling in the marine industry. Further, these polymers show improved corrosion resistance and better adhesion characteristic which makes them suitable for number of applications in the industries. Other factors that contribute to its growth are innovations in material science and the growing concern for green solutions that increase the segment’s strong growth prospects in the future years.
Analysis By Sector
In 2023, the shipbuilding industry remained the most prominent in the market. Silyl acrylate polymers came into use as antifoulants because of their environmentally friendly and biocide leaching characteristics that are suitable for antifouling coatings. The inclination towards the containerization of marine vessels and the increasing output of bulk carriers added to the demand for these polymers. In the current industry, silyl acrylate polymers are a feasible solution meeting the environmental standards while improving the performance of vessels. Therefore, the growth of the shipbuilding industry, especially in the Asia Pacific region, played a major role in the development of the silyl acrylate polymer market.
The repair and maintenance segment is expected to grow at the highest compound annual growth rate in the silyl acrylate polymer market during the forecast period. This is due to the rising need for long-term and high-performance coatings that are suitable for various climates. Silyl acrylate polymers are used because of their better adhesion, flexibility and weather resistance which makes them suitable for repair and maintenance. As the industries and infrastructures continue to develop and age, the demand for effective maintenance solutions increases, which contributes to the growth of this segment of the market. Furthermore, improvements in polymer technology improve the durability and efficiency of these materials in maintenance activities, which has led to their increased use.
Silyl Acrylate Polymer Market by Type
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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 2023. 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 2023. 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.
Silyl Acrylate Polymer Market by Region
- Largest
- Fastest
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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:
-
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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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.
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.
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 2022 | USD 4.90 Billion |
| Market size value in 2031 | USD 8.49 Billion |
| Growth Rate | 6.30% |
| Base year | 2023 |
| 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 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 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 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 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 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 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.
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