The global acrylic resins market size was US$ 18.65 billion in 2022 and is projected to reach a valuation of US$ 29.1 Billion by 2030, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2030.
Acrylic and methacrylic ester monomers are used to create acrylic resins, a form of thermoplastic or thermosetting polymer. Acrylic resins come in both water-based and solvent-based varieties. Acrylic resin has a density that falls between 1.02-1.19 g/cc. High water resistance, high adhesion, and crack resistance are all characteristics of acrylic resins. Several industries utilize this, including adhesives, coatings, and molding materials.
Factors Contributing to the Global Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had disrupted the demand for acrylic resins from end customers in the building and construction, automotive, and electronics industries. The lockdown procedure hampered numerous construction activities, which also had an effect on market demand. Additionally, because of the decreased labor force, many industrial projects were postponed, which had an impact on market demand.
However, the increased demand for new construction projects in the healthcare and medical industries presented fresh growth prospects. Additionally, the predominance of private transportation and individual vehicles in maintaining social distance is gradually enhancing market growth.
Regional Outlook
In 2022, Asia Pacific held the highest revenue share in the global market. This is due to the rising use of acrylic resins in building and construction projects. Asia-Pacific's largest market is in China. The Chinese government is working hard to eliminate volatile components in resins, which is driving up demand for diverse coating acrylic resins with a water basis.
North America is likely to grow at the highest CAGR during the projected period. This is due to the expanding need for acrylic resins in the building, coatings, and automotive industries.
Prominent Companies
Some of the prominent competitors in the global acrylic resins market are:
Segmentation Outline
The global acrylic resins market segmentation focuses on Product, Application, End-User, and Region.
By Product
By Application
By End-User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL ACRYLIC RESINS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL ACRYLIC RESINS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL ACRYLIC RESINS MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 ACRYLATES
5.3 METHACRYLATES
5.4 HYBRID
6 GLOBAL ACRYLIC RESINS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 PAINTS & COATINGS
6.3 ADHESIVES & SEALANTS
6.4 OTHERS
7 GLOBAL ACRYLIC RESINS MARKET, BY END-USER
7.1 OVERVIEW
7.2 BUILDING & CONSTRUCTION
7.3 PACKAGING
7.4 ELECTRONICS
7.5 AUTOMOTIVE
7.6 OTHERS
8 GLOBAL ACRYLIC RESINS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL ACRYLIC RESINS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 ARKEMA S.A
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 BASF SE
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 DIC CORPORATION
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 DOW INC.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 KONINKLIJKE DSM N.V.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 MITSUBISHI CHEMICAL CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 MITSUI CHEMICALS INC.
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 NIPPON SHOKUBAI CO. LTD
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 SHOWA DENKO MATERIALS CO. LTD.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 SOLVAY S.A.
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.11 SUMITOMO CHEMICAL CO. LTD.
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
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