The burgeoning requirement for paints and coatings in the construction industry is one of the major factors fueling the demand for acrylates across the world. Moreover, because of this reason, the boom in the global construction industry, on account of the surging population levels and the increasing urbanization rate, is causing a massive rise in the sales of acrylates across the world. Many countries are making huge investments in infrastructural development projects.
This is pushing up the requirement for acrylate-based paints and coatings, on account of the fact that these materials have high durability, can remain stable at extreme temperatures, and contain zero or negligible concentration of volatile organic compounds (VOCs). Apart from the expansion of the construction industry, the ballooning requirement for acrylic esters in adhesives and sealants is also positively impacting the demand for acrylates across the world. This is, in turn, fueling the advancement of the global acrylates market.
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This was primarily because of the huge requirement for acrylic formulations in various architectural paints and coatings that are applied on the exterior and interior walls of buildings. One of the major trends currently being witnessed in the acrylates market is the increasing preference of consumers for acrylic-based (or water-based) emulsions over the conventionally used oil-based products, due to the various beneficial traits of these products such as short drying time, resistance to water and wear, color fastness, and eco-friendliness.
Hence, it is safe to say that the demand for acrylates will skyrocket all over the world in the coming years, primarily because of the expansion of the construction industry and the surging requirement for acrylic esters in adhesives and sealants.
Read More: https://www.psmarketresearch.com/market-analysis/acrylates-market
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