Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Acrylic Resins Market Size is Expected to Grow from USD 21.81 Billion in 2023 to USD 36.62 Billion by 2033, at a CAGR of 5.32% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Acrylic Resins Market Size, Share, and COVID-19 Impact Analysis, By Type (Water-Based and Solvent-Based), By Application (Paints & Coatings, Adhesives & Sealants, and Others), By End-User (Building & Construction, Automotive, Electronics, Packaging, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Acrylic resin, a thermoplastic or thermosetting polymer that comes in solvent-based and water-based forms, serves as the main binder for coatings and additives. Paints, varnishes, adhesives, and sealants frequently use it because of its great water resistance, adhesion, and crack resistance. The clarity, durability, and chemical and photochemical resistance of acrylic resins make them useful in a wide range of goods. Applications for paint and coatings range from automotive to decorative. Their paint and gloss preservation qualities are outstanding, they are affordable, and they are easy to work with. In addition, they are utilized in plastic coatings, architecture, and airplanes. Their many advantages are anticipated to accelerate the growth of the worldwide acrylic resins market in the future. The e-commerce sector has led to a surge in the packaging industry, resulting in increased demand for packaging materials like acrylic resins. These synthetic polymers, derived from acrylic acid, are known for their excellent adhesive properties, durability, and resistance to weathering and abrasion. However, solvent-based acrylic resins pose health risks due to their high volatile percentage, while environmental restrictions are promoting lower solvent concentrations and improved functionality, potentially hindering the global market.
The water-based segment is predicted to hold the highest market share through the forecast period.
Based on the type, the acrylic resins market is classified into water-based and solvent-based. Among these, the water-based segment is predicted to hold the highest market share through the forecast period. Water-based acrylic resins are predicted to grow in the market because of their growing use in industrial coatings and regulatory worries about the volatile organic content of solvent-based resins as industry participants boost their use in construction and structures.
The paints & coatings segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the acrylic resins market is divided into paints & coatings, adhesives & sealants, and others. Among these, the paints & coatings segment is anticipated to hold the greatest market share during the projected timeframe. The industry is being driven by the need for paints and coatings in building and construction projects, acrylic resin is a common option for concrete walls and outdoor masonry. These solvent-based acrylic paints provide strong protective coatings as well as resistance to chemical wear, weathering, and abrasion.
The building & construction segment is anticipated to hold the highest market share during the projected timeframe.
Based on the end-user, the acrylic resins market is divided into building & construction, automotive, electronics, packaging, and others. Among these, the building & construction segment is anticipated to hold the highest market share during the projected timeframe. The market for acrylic resins, which act as exterior and interior concrete sealers on a variety of materials and provide exceptional resistance to heat, moisture, organic solvents, UV light, and moderate temperatures, is anticipated to grow as a result of the construction industry's increased emphasis on residential and commercial projects.
Europe is estimated to hold the largest share of the acrylic resins market over the forecast period.
Europe is estimated to hold the largest share of the acrylic resins market over the forecast period. Germany leads the paints & coatings market in the European Union due to increased automotive industry demand. The market stabilized due to consumer spending, infrastructure investments, and housing development. The surge in automotive demand in Germany, Spain, and France influenced acrylic resin market growth.
Asia Pacific is predicted to have the fastest CAGR growth in the acrylic resins market over the forecast period. The Asia-Pacific coatings sector is growing rapidly as a result of rising demand from a variety of industries. The global market is boosted by China’s healthcare industry, which is significant due to factors like disease burden, urbanization, demographic trends, economic growth, and income expansion.
Company Profiling
Major key players in the acrylic resins market include Dow, BASF SE, Arkema, Mitsubishi, Nippon Shokubai, DSM, Mitsui Chemicals, Showa Denko Materials, DIC Corporation, Sumitomo, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the acrylic resins market based on the below-mentioned segments:
Global Acrylic Resins Market, By Type
Global Acrylic Resins Market, By Application
Global Acrylic Resins Market, By End-User
Global Acrylic Resins Market, By Regional Analysis
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