Acrylic Resin Market Share, Industry Growth Analysis, Revenue, Size, Report 2024-2032
The latest report by IMARC Group, titled “Acrylic Resin Market Report by Type (Water-based, Solvent-based, and Others), Application (Paints and Coatings, Adhesives and Sealants, and Others), End User (Automotive, Building and Construction, Electronics, Packaging, and Others), and Region 2024-2032“, The global acrylic resin market size reached US$ 21.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Acrylic resins are transparent, thermoplastic materials made from acrylic acid and monomers. These resins can withstand ultraviolet (UV) light and oxidation and are consequently widely employed in outdoor products, such as lawn and garden equipment, sports equipment, automotive parts, safety helmets, and building materials. They are presently available in solvent-based and aqueous emulsion forms and can be customized with a variety of natural colors to meet specific requirements.
Acrylic Resin Market Trends and Drivers:
Acrylic resins are utilized in the manufacturing of transparent sheets, cladding materials, paints, sealants, and architectural fabrics. This, in confluence with the escalating demand for acrylic resins in the automotive industry on account of their resistance and flexibility in repair finishes, represents one of the key factors increasing the overall sales and creating a positive market outlook. Apart from this, the widespread adoption of acrylic resin in consumer electronics, such as lenses and liquid crystal display (LCD) screens, due to high transparency and durability, is fueling the market growth worldwide. Besides this, acrylic resins are gradually gaining traction in dental applications and procedures, such as injection molding and extrusion. This, along with the growing prevalence of different chronic and dental issues, is driving the market around the world.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/acrylic-resin-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
Comments
Post a Comment