Acrylic Resins Market by Product and Solution, Technology, Application, and End User: Global Forecast to 2028

Market Size – USD 15.98 Billion in 2020, Market Growth – at a CAGR of 5.4%, Market Trends – Increasing number of smart city projects in developing countries

The most current market research report from Emergen Research focuses on the global market for Acrylic Resins and provides in-depth analysis of each of its major segments. The market size, revenue growth rate, industry statistics, revenue splits by regional markets, gross margins, production costs, and product portfolios are all included in reports on the worldwide Acrylic Resins market. The most significant micro- and macroeconomic elements, such as drivers, opportunities, trends, restrictions, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, and a host of other factors, are also discussed in the research.

The global acrylic resin market size reached USD 15.98 Billion in 2020 and is expected to register a revenue CAGR of 5.4% during the forecast period, according to the latest analysis by Emergen Research. A spurt in construction activities globally as well as a rising need for eco-friendly formulations are some of the key factors driving steady global acrylic resin market revenue growth. In addition, an increasing number of smart city projects in developing countries is expected to further augment the revenue growth of the market between 2021 and 2028.

Advancements in bio-based resin solutions are important for long-term sustainability. The primary purpose of creating sustainable or bio-based paints and coating solutions is to ensure environmental sustainability. The majority of coating raw materials are produced from fossil-based raw materials or renewable sources, including oils, coal, and natural gas. Greenhouse Gas (GHG) emissions caused by the misuse of such resources have a significantly negative impact on the environment. As compared to their conventional counterparts, raw materials based on plant biomass have advantageous characteristics.

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Global Acrylic Resins Market Highlights:

  • Regional demand estimation and forecast
  • Product Mix Matrix
  • RD Analysis
  • Cost-Benefit Analysis
  • Pre-commodity pricing volatility
  • Supply chain optimization analysis
  • Technological updates analysis
  • Raw Material Sourcing Strategy
  • Competitive Analysis
  • Mergers Acquisitions
  • Location Quotients Analysis
  • Carbon Footprint Analysis
  • Patent Analysis
  • Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Acrylic Resins market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Acrylic Resins market and pinpoint the fundamental growth trends.  

Key Companies Profiled in the Report are:

BASF SE, Dow Chemical Company, Arkema S.A., Mitsui Chemicals, Inc., Koninklijke DSM N.V., Showa Denko Materials Co., Ltd., DIC Corporation, Sumitomo Corporation, Mitsubishi Chemical Holdings Corporation, and Nippon Shokubai Co., Ltd

Key Parameters Analyzed in This Section:

  • Company Profiles
  • Gross Revenue
  • Profit margins
  • Product sales trends
  • Product pricing
  • Industry Analysis
  • Sales distribution channels

Regional Segmentation:

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

Key Points Covered in This Section:

  • Regional contribution
  • Estimated revenue generation
  • Vital data and information about the consumption rate in all the leading regional segments
  • An expected rise in market share
  • Forecast growth in the overall consumption rate

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Some Key Highlights from the Report

  • Acrylates segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Acrylates chemistry is widely used in the paints and coatings industry. Such resins are made up of alkyl acrylates and methacrylates homo and copolymers, which are sometimes blended with other thermoplastic compounds. These are primarily used as main binders in coatings, with applications in the construction and automotive sectors.
  • Hybrid segment is expected to register a significantly robust revenue growth rate over the forecast period. Owing to superior performance qualities like ultraviolet (UV) protection, glossy retention, and better adhesion, hybrid resins are increasingly being utilized in coating applications.
  • Asia Pacific market is expected to account for a larger revenue share than other regional markets over the forecast period owing to increasing construction activities as well as rising disposable income and favorable home loan schemes in countries in the region.

Market Overview:

The report bifurcates the Acrylic Resins market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
    • Thermoplastic
    • Thermosetting
  • Form Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
    • Solvent Based
    • Water Based
  • Chemistry Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
    • Methacrylate
    • Acrylate
    • Hybrid

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Additional information offered by the report:

  • Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Cobots market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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