📋 EXECUTIVE SUMMARY
Global Market
$12.3B
Acrylic Emulsions 2024
India Market
₹348 Cr
By 2030 (USD 41.8M)
Growth Rate
7.1-7.7%
CAGR 2024-2030
Asia Pacific
46%
Global Market Share
Key Findings
- Market Structure: Global acrylic emulsion market valued at USD 12.3B (2024), growing at 7.1-7.7% CAGR through 2030
- Polymer Hierarchy: Styrene Acrylics dominate (45.18% volume share), followed by VAM Acrylics (28%), Pure Acrylics (15-20%), and Acrylic Hybrids (5-10%)
- India Growth: Acrylic Acid demand surging at 18.54% CAGR (53.55 KT in FY2021 → 247.48 KT by FY2030), driven by SAP applications
- Supply Constraints: India faces critical monomer import dependencies - Acrylic Acid (70-80%), Styrene (60-70%), VAM (100%)
- Butyl Acrylate Shift: IOCL's 150 KT plant (July 2025) transforms market from 60 KT deficit to 80 KT surplus, eliminating imports
- Margin Opportunity: Acrylic Hybrids offer highest margins (40-50%) with 65-70% import dependency = domestic manufacturing opportunity
Strategic Imperative: While new Butyl Acrylate capacity addresses supply quantity, persistent upstream monomer import dependencies (especially Acrylic Acid at 70-80%) maintain cost volatility. True competitiveness requires backward integration into monomer production.
📊 MARKET SIZE: INDIA & GLOBAL
Global Acrylic Emulsions Market (2024)
| Polymer Type | Market Value | Volume Share | Volume (KT) | Key Driver | Price Range (INR/Kg) |
|---|---|---|---|---|---|
| Styrene Acrylics | USD 12.76-13.12B | 45.18% | 1,800-2,000 | Cost-performance balance | 65-142 |
| VAM Acrylics | Part of total | 28% | 1,100-1,200 | Cost leadership | 45-85 |
| Pure Acrylics | Part of total | 15-20% | 600-800 | Low-VOC, durability | 90-250 |
| Acrylic Hybrids | USD 0.91B (Epoxy) | 5-10% | 200-400 | Ultra-premium performance | 160-280 |
India Market Size by Chemistry (2024-2030)
| Polymer Type | 2024 Volume (KT) | 2030 Volume (KT) | 2024 Value (INR Cr) | 2030 Value (INR Cr) | CAGR | Key Constraint |
|---|---|---|---|---|---|---|
| Styrene Acrylics | 35-40 | 65-75 | 95-110 | 180-220 | ~7-8% | 60-70% Styrene import |
| VAM Acrylics | 25-30 | 50-60 | 60-75 | 120-150 | ~8-9% | 100% VAM import |
| Pure Acrylics | 12-15 | 25-30 | 40-50 | 85-110 | ~8-9% | Premium positioning |
| Acrylic Hybrids | 4-6 | 10-15 | 15-25 | 40-65 | ~10-12% | 65-70% import dependency |
| TOTAL | 80-90 | 150-180 | 210-260 | 425-545 | ~7-8% | - |
KEY INSIGHT: India's Acrylic Acid demand growing at 18.54% CAGR (FY2021: 53.55 KT → FY2030: 247.48 KT), primarily driven by Super Absorbent Polymers (SAPs) for hygiene applications rather than coatings. This creates structural shift where raw material growth outpaces polymer market growth.