Acrylic Resin Market 2022: Region Wise Analysis of Top Players, Demand, Growth and Forecast

Acrylic Resin Market 2022: Region Wise Analysis of Top Players, Demand, Growth and Forecast

According to the latest report by IMARC Group, titled, “Acrylic Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global acrylic resin market reached a value of US$ 19.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.2 Billion by 2027, exhibiting a CAGR of 5.31% during 2022-2027.

Acrylic resin is a thermoplastic material derived from acrylic, methacrylic, cyanoacrylic acid, acrylonitrile, acrylamide, and low monomer levels. It is a solvent- or water-based system that exhibits numerous properties such as durability, transparency, adherability, water and heat resistance, hardness, and glossy external appearance. It also offers excellent ultraviolet (UV) and oxidative stability, which finds application in lawn and garden equipment, safety helmets, and sporting goods. In addition, acrylic resin is used as decorative and do-it-yourself coatings in the construction and automotive industries such as building materials and automotive exterior parts.

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Market Trends

The global acrylic resin market is primarily driven by the significant growth of the construction industry. This is due to the rising urbanization, elevating incomes and population growth. Besides this, acrylic resin is utilized in electronic applications such as PC screens, display windows for cellular phones, and light guided panels, which is positively influencing the market growth. In addition, it provides glossy external appearance and color stability to windshields, optical lenses, paper and fiber processing binders, outdoor signs, floor waxes, piano keys, and lighting fixtures. Furthermore, the rising prevalence of chronic and dental problems is creating opportunities for the global market.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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
Key Highlights of the Report:
  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/acrylic-resin-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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.

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