Acrylic Resin Market, 2016 - 2024
A group of related thermosetting plastics or thermoplastics primarily derived from acrylic acids is known as acrylic resin. Acrylic acid is the main raw material in the production of acrylic resin.
A group of related thermosetting plastics or thermoplastics primarily derived from acrylic acids is known as acrylic resin. Acrylic acid is the main raw material in the production of acrylic resin.
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Published By:Zion <strong>Market</strong> Research<br />
<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Global Industry Analysis, Size, Share, Growth,<br />
Trends, and Forecasts <strong>2016</strong>–<strong>2024</strong><br />
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<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong><br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Overview<br />
A group of related thermosetting plastics or thermoplastics primarily derived from acrylic acids is<br />
known as acrylic resin. <strong>Acrylic</strong> acid is the main raw material in the production of acrylic resin.<br />
Methyl methacrylate dominates the acrylic resins market. <strong>Acrylic</strong> resins are used in paints and<br />
coatings industry as they provide the glossy finish for residential and commercial constructions,<br />
for decorative coatings, and DIY (do-it-yourself) coatings. The major application of the acrylic<br />
resin is in the paint and coatings industry. In the construction industry, acrylic resin is used for<br />
glazing, light fixtures, and in sanitary wares. Use of acrylic resin is also visible in manufacturing<br />
automotive interiors, exterior panels, and instrument clusters. A varied use for acrylic resin is<br />
visible and hence there is a general growth in its demand in the market globally.<br />
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<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong><br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Segmentation<br />
The global acrylic resin market can be segmented on the basis of its raw materials, property of<br />
solvency, application, and the regions. The market for acrylic resin is segmented by raw material<br />
of products as methacrylates, acrylates, hybrids, and others. On the basis of the type of<br />
solvency, the acrylic resin market is divided into solvent-borne, waterborne and solids.<br />
Application-based segmentation of acrylic resin market can be seen through its utilization in<br />
paints and coatings, industrial and commercial, construction, paper and paperboard, plastics,<br />
textile and fibers and adhesives. The acrylic resins market is diversified into regions such as<br />
Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.<br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Growth Factors<br />
There has been a significant growth in the acrylic resins market in the past few years and this<br />
growth is expected to persist in the coming years. A major portion of this growth is from the<br />
developing countries. The development in the acrylic resin market can be contributed to the<br />
growth in the automobile industry, construction industry, increased consumption in the<br />
commercial segments and paints and coating industry. Also, macroeconomic factors such as<br />
VOC regulations in Western countries, shift from solvent-borne to waterborne, industrial<br />
development in the developing countries, will direct the growth in certain markets. The<br />
challenges faced by the market participants are mainly in the form of volatile raw material prices<br />
and growing environmental concerns degradability of plastics.<br />
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<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong><br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Regional Analysis<br />
The largest market for acrylic resin is visible in Asia. Asia Pacific, Europe, and North America<br />
have been dominating the acrylic resins market globally. Moderate growth in the acrylic resins<br />
market will be revealed in the regions of the U.S., Western Europe, and China due to increasing<br />
in the consumption of acrylic resins in sectors such as automotive, construction, and<br />
sign/display markets. Consumption of acrylic resins is predicted to be the fastest in Africa. The<br />
demand in the market is increasing and will continue to increase in developing nations such as<br />
Brazil, India, and Mexico. In the regions such as India and China, there are flexible regulations<br />
by the government and they have supported the market growth in the form of tax relief.<br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Competitive Players<br />
Some of the leading players in the acrylic resin market are The DOW Chemical Co., Air Products<br />
and Chemicals, Inc., Nippon Shokubai Co., Ltd., DIC Corporation, Hitachi Chemical Co., Ltd.,<br />
Cargill, Novozymes, Eastman Chemical Company, BASF SE, Arkema SA, Formosa Plastics<br />
Corporation, Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals Inc.,<br />
Evonik Industries, and Solvay.
<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong><br />
Global <strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong>: Regional Segment Analysis<br />
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North America<br />
o U.S.<br />
Europe<br />
o UK<br />
o France<br />
o Germany<br />
Asia Pacific<br />
o China<br />
o Japan<br />
o India<br />
Latin America<br />
o Brazil<br />
The Middle East and Africa<br />
What Report Provides<br />
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Full in-depth analysis of the parent market<br />
Important changes in market dynamics<br />
Segmentation details of the market<br />
Former, on-going, and projected market analysis in terms of volume and value<br />
Assessment of niche industry developments<br />
<strong>Market</strong> share analysis<br />
Key strategies of major players<br />
Emerging segments and regional markets<br />
Testimonials to companies in order to fortify their foothold in the market.
<strong>Acrylic</strong> <strong>Resin</strong> <strong>Market</strong><br />
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Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
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