Global Acrylic Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

“Global Acrylic Resin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global acrylic resin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global acrylic resin market report has been segmented on the basis of type, type of solvency, application, and region.

Introduction     

Acrylic resins are derived from thermoplastic materials compounds such as methacrylic acid, acrylic acid, etc. Acrylic resins offer various features such as durability, adherability, transparency, water resistance, heat resistance, hardness, glossy external appearance, and weather resistance. Acrylic resins are used in various applications such as automotive, lighting fixtures, paints and coatings, textile, and adhesives.

Dynamics

Increasing demand for acrylic resin across various end-use industries such as paint and coating and construction is a major factor expected to drive growth of the target market over the next few years. In addition, increasing scope of its application in industrial & commercial sector is another factor expected to support revenue growth of the target market over the next few years.

Various features offered by these composite materials such as water resistance, weather resistance, heat resistance, and others is another factor anticipated to propel adoption of acrylic resins, which in turn is expected to fuel growth of the target market over the forecast period. Moreover, growing demand from paints and coatings sector used in commercial and residential constructions, DIY (Do-It-Yourself) coatings, and decorative coatings is another factor expected to increase acrylic resin demand, which in turn projected to drive growth of the global market in the next 10 years.

Segmental Analysis:

On the basis of type, methacrylates segment is estimated to dominate the global acrylic resin market, owing to easy availability of methacrylates raw materials across various regions. The acrylates segment revenue is projected to register highest CAGR over the forecast.

On the basis of type of solvency, the waterborne segment is estimated to account for major share in terms of revenue in the global market, owing to increasing demand from automobile and other related industries in developing countries. The waterborne segment revenue is also anticipated to register highest CAGR over the forecast.

On the basis of application, the paint and coatings segment is estimated to account for significant share in terms of revenue in the global market, owing to increasing demand from construction and automotive industries. The paint and coatings segment revenue is also projected to register highest CAGR over the forecast.

Regional Analysis:

Asia Pacific acrylic resin market is expected to account for significant share in terms of revenue in the global market. The Asia Pacific market is also anticipated to register faster growth in terms of revenue over the next few years, owing to increasing demand from automotive and packaging industries in countries in this region. Moreover, increasing investments by various paper & paperboard and textiles & fibers & adhesives manufacturers owing easy availability of raw materials as well as low cost labor in various developing countries such as India and China in Asia Pacific is another key factor projected to drive growth of the Asia Pacific market in the next 10 years. The market in India is projected to account for significant share in terms of revenue in the Asia Pacific market.

Global acrylic resin market segmentation:

Segmentation by type:

• Methacrylates
• Acrylates
• Hybrids

Segmentation by type of solvency:

• Solvent-borne
• Waterborne
• Solids

Segmentation by application:

• Paints & Coatings
• Construction
• Industrial & Commercial
• Paper & Paperboard
• Textiles & Fibers & Adhesives

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa