According to the latest report by IMARC Group, titled, “Acrylic Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global acrylic resin market size reached US$ 20.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Acrylic resin is a group of thermoplastic materials manufactured from acrylic acid and methacrylic acid. It is widely available in solvent-based systems and aqueous emulsions. It has weather, heat, water, and chemical resistance properties and offers transparency, durability, and high adhesion. It is utilized in molding materials, coatings and adhesives, binders for paper or fiber processing, and display windows for cellular phones. As it has high ultraviolet (UV) and oxidative stability, acrylic resin is widely employed in the automotive, electronics, construction, and packaging industries around the world.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/acrylic-resin-market/requestsample
Acrylic Resin Market Trends and Drivers:
Presently, the rising demand for acrylic resins in the building and construction industry for improved housing and infrastructure, as it is cost-effective and offers high levels of consistency, represents one of the primary factors strengthening the market growth. Besides this, the growing demand for water-based acrylic resins due to their easy formulation procedures, short drying times, and minimal odor emission is offering a positive market outlook. Apart from this, the increasing utilization of acrylic resins as a primary binder in paints and coatings is bolstering the growth of the market. Moreover, the rising demand for acrylic resins in roof painting and wall coatings due to its weather-resistant quality is offering lucrative growth opportunities to industry investors. Furthermore, key players operating in this industry are introducing a vinyl acrylic latex binder for the paper and coating industry to provide high binding strength, which is propelling the growth of the market.
Acrylic Resin Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Arkema S.A
- BASF SE
- DIC Corporation
- Dow Inc.
- Koninklijke DSM N.V.
- Mitsubishi Chemical Corporation
- Mitsui Chemicals Inc
- NIPPON SHOKUBAI CO. LTD.
- Showa Denko Materials Co. Ltd.
- Solvay S.A.
- Sumitomo Chemical Co. Ltd.
The report has segmented the market based on component, mobility, application and vertical.
Breakup by Type:
- Water-based
- Solvent-based
- Others
Breakup by Application:
- Paints and Coatings
- Adhesives and Sealants
- Others
Breakup by End User:
- Automotive
- Building and Construction
- Electronics
- Packaging
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4793&flag=C
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
