Chan Ye Xin Xi Wang·2025-06-29 01:18Industry Overview - Acrylic emulsion is a key chemical raw material and a major film-forming substance in water-based coatings, holding a significant share in water-based coating raw materials [1][11] - The acrylic emulsion industry has developed a complete industrial chain in domestic and international markets, with downstream applications expanding across various sectors of the national economy [1][11] - The market demand for acrylic emulsion is expected to increase significantly due to the rapid growth of the downstream coating industry and the shift from oil-based to water-based coatings driven by stricter environmental policies [1][11] Market Growth - China's acrylic emulsion sales volume is projected to grow from 1.81 million tons in 2014 to 9.57 million tons in 2024, with a compound annual growth rate (CAGR) of 18.1% [1][11] - By 2025, the sales volume of acrylic emulsion in China is expected to reach 11.90 million tons, indicating a robust market outlook [1][11] Industry Chain - The acrylic emulsion industry chain consists of upstream raw materials (such as butyl acrylate, styrene, emulsifiers, initiators, and functional monomers), midstream production, and downstream applications including construction coatings, waterproof materials, textile processes, packaging materials, and wood coatings [5][11] - The construction coatings sector is the largest downstream market for acrylic emulsion, accounting for approximately 74% of total consumption [8][11] Key Companies - Major companies in the acrylic emulsion market include Baolijia, Weixing Chemical, Huajin Co., Wanhua Chemical, Changhong High-tech, and others [2][13] - The market is characterized by a mix of private, joint venture, and foreign enterprises, with private companies holding about 80% of the production capacity [13][14] Development Trends - The industry is moving towards high-end products to meet increasing performance requirements in downstream applications, particularly in construction and industrial sectors [19] - Environmental sustainability is becoming a priority, with a shift towards low-VOC, formaldehyde-free products and the use of bio-based raw materials [20] - Companies are transitioning from single product suppliers to comprehensive solution providers, enhancing customer engagement through technical support and supply chain management [21]