Global Acrylic Resin Market 2023-2027
The acrylic resin market is forecasted to grow by USD 5,480.31 mn during 2022-2027, accelerating at a CAGR of 5% during the forecast period. The report on the acrylic resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of real estate and construction industry, expansion of usage in automotive industry, and growth in textile and fiber production in developing economies.
Technavio's acrylic resin market is segmented as below:
By Application
- Paints and coatings
- Construction
- Textile and fibers
- Plastics
- Others
By Type
- Methacrylates
- Acrylates
- Hybrids
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for acrylic resins in automotive industry as one of the prime reasons driving the acrylic resin market growth during the next few years. Also, superior chemical properties of acrylic resins than alkyd resin and rise in demand for antiviral and antimicrobial drugs post-pandemic will lead to sizable demand in the market.
The report on the acrylic resin market covers the following areas:
- Acrylic resin market sizing
- Acrylic resin market forecast
- Acrylic resin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acrylic resin market vendors that include Allnex GMBH, Anhui Elite Industrial Co. ltd., Arkema Group, BASF SE, CHANSIEH ENTERPRISES CO. LTD, Chevell Performance Material Group, Covestro AG, DIC Corp., Dow Chemical Co., Eternal Materials Co. Ltd., Evonik Industries AG, Formula Chemicals Inc., Henkel AG and Co. KGaA, Koninklijke DSM NV, Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Nippon Shokubai Co. Ltd., Resonac Holdings Corp., Solvay SA, and Sumitomo Chemical Co. Ltd. Also, the acrylic resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.