Acrylic Resins Market Forecast to 2021–2028 for Size, Share & Trends Analysis Report

Global Acrylic Resins Market Forecast to 2028

The report on the global Acrylic Resins market looks at both past and present data and does a complete analysis of market dynamics. The study also discusses the main market growth stimulating and inhibiting variables that are anticipated to have an impact on market growth during the forecast period. In order to predict industry growth for the years 2021 to 2028, the Global Acrylic Resins Market conducts market scenario research. The study focuses on potential growth opportunities and limitations that market leaders in the industry might experience over the course of the projection period.

According to the most recent analysis by Emergen Research, the size of the global acrylic resins market reached USD 15.98 billion in 2020 and is projected to grow at a revenue CAGR of 5.4% during the forecast period. Some of the major factors propelling consistent revenue growth in the global acrylic resins market include an uptick in construction activity around the world and an increasing demand for environmentally friendly formulations. The market is also anticipated to experience considerable revenue growth between 2021 and 2028 as a result of the growing number of smart city projects in developing nations.

For long-term sustainability, improvements in bio-based resin solutions are crucial. Making sustainable or bio-based paints and coatings is done primarily to ensure environmental sustainability. The majority of coating raw materials are made from renewable or fossil fuel sources like coal, natural gas, and oils. The ecosystem is greatly harmed by greenhouse gas (GHG) emissions brought on by the improper use of these resources. The advantages of raw materials based on plant biomass over their conventional counterparts are clear.

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Competitive Terrain:

The global Acrylic Resins industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed 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

Research Report on the Acrylic Resins Market Addresses the Following Key Questions:

Who are the dominant players of the Acrylic Resins market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Acrylic Resins market?
What are the key growth drivers and restraining factors of the Acrylic Resins market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Acrylic Resins market and its key segments?

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

Regional Landscape section of the Acrylic Resins report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Acrylic Resins market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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