Global Acrylic Resin Market Growth 2024-2030

The global Acrylic Resin market size is projected to grow from US$ 12550 million in 2023 to US$ 15890 million in 2030; it is expected to grow at a CAGR of 3.4% from 2024 to 2030. Our publisher newest research report, the “Acrylic Resin Industry Forecast” looks at past sales and reviews total world Acrylic Resin sales in 2023, providing a comprehensive analysis by region and market sector of projected Acrylic Resin sales for 2024 through 2030. With Acrylic Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Acrylic Resin industry.

This Insight Report provides a comprehensive analysis of the global Acrylic Resin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Acrylic Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Acrylic Resin market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Acrylic Resin and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Acrylic Resin. Market Drivers: Growing Demand from Construction and Automotive Industries: The construction and automotive industries are significant consumers of acrylic resins, which are used in paints, coatings, adhesives, and sealants. The ongoing growth in these sectors, driven by urbanization and infrastructure development, boosts the demand for acrylic resin products. Expansion in the Paints and Coatings Industry: Acrylic resins are widely used in the paints and coatings industry due to their excellent weather resistance, durability, and aesthetic properties. The increasing demand for high-performance, eco-friendly coatings in various applications drives market growth. Rising Popularity of Water-Based Resins: Environmental regulations and the demand for sustainable products are driving the shift towards water-based acrylic resins, which offer lower volatile organic compound (VOC) emissions compared to solvent-based counterparts. This trend supports market expansion as manufacturers develop eco-friendly solutions. Advancements in Polymer Technology: Technological advancements in polymerization processes and the development of new resin formulations enhance the performance characteristics of acrylic resins. Innovations in product development, such as UV-curable resins and specialty acrylics, cater to diverse industry needs and create growth opportunities. Increasing Applications in Consumer Goods: Acrylic resins find applications in a wide range of consumer goods, including adhesives, textiles, and plastics. The growing consumer goods market, driven by rising disposable incomes and changing lifestyles, contributes to increased demand for acrylic resin-based products. Challenges: Fluctuating Raw Material Prices: The prices of raw materials used in acrylic resin production, such as acrylic acid and methacrylic acid, are subject to volatility due to supply chain disruptions, geopolitical factors, and fluctuating crude oil prices. This can impact production costs and profit margins for manufacturers. Stringent Environmental Regulations: Compliance with stringent environmental regulations related to VOC emissions, waste management, and the use of hazardous chemicals poses challenges for the acrylic resin industry. Manufacturers must invest in eco-friendly technologies and processes to meet regulatory standards. Competition from Alternative Resins: Acrylic resins face competition from alternative resins, such as epoxy, polyurethane, and alkyd resins, which may offer comparable or superior performance characteristics for specific applications. This competition can affect market share and growth prospects for acrylic resins. Economic Uncertainty and Market Cyclicality: Economic downturns and market cyclicality in key end-use industries, such as construction and automotive, can negatively impact demand for acrylic resins. Manufacturers need to navigate economic uncertainties and diversify their customer base to mitigate risks. Sustainability and Recycling Challenges: The growing emphasis on sustainability and the circular economy presents challenges related to the recycling and disposal of acrylic resin products. Developing efficient recycling processes and sustainable end-of-life solutions is crucial for addressing environmental concerns. Trends: Growth of Eco-Friendly and Sustainable Products: The demand for eco-friendly and sustainable acrylic resin products is on the rise, driven by consumer preferences and regulatory requirements. Manufacturers are focusing on developing bio-based acrylic resins and low-VOC formulations to meet this demand. Increased Adoption of UV-Curable Resins: UV-curable acrylic resins are gaining popularity due to their fast curing times, energy efficiency, and low environmental impact. These resins are being adopted in various applications, including coatings, inks, and adhesives, driving market growth. Technological Advancements in Production Processes: Continuous advancements in production processes, such as emulsion polymerization and controlled radical polymerization, are enhancing the performance and cost-efficiency of acrylic resins. These innovations enable the development of high-performance and specialized resin products. Rising Demand in Emerging Economies: Rapid industrialization, urbanization, and infrastructure development in emerging economies, particularly in Asia-Pacific and Latin America, are driving demand for acrylic resins. These regions offer significant growth opportunities for market expansion. Customization and Application-Specific Formulations: Customization and application-specific formulations of acrylic resins are becoming more and more popular as a way to address the particular needs of many sectors. Manufacturers are creating customized products to meet certain performance requirements, like flexibility, adhesion, and weather resistance. United States market for Acrylic Resin is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030. China market for Acrylic Resin is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

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Manmayi Raval

Research Consultant

Europe market for Acrylic Resin is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030. Global key Acrylic Resin players cover Asahi Kasei, BASF, Evonik, Sumitomo Chemical and DowDuPont, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023. This report presents a comprehensive overview, market shares, and growth opportunities of Acrylic Resin market by product type, application, key manufacturers and key regions and countries. Recommendations: Invest in R&D for Sustainable Solutions: Focus on research and development to create bio-based and low-VOC acrylic resins. Investing in sustainable and eco-friendly product innovations can help meet regulatory requirements and align with consumer preferences for green products. Enhance Quality Control and Production Efficiency: Implement advanced quality control measures and optimize production processes to enhance product consistency and reduce manufacturing costs. Adopting technologies like automation and advanced polymerization techniques can improve efficiency and yield. Expand Product Portfolio with Specialty Resins: Develop a diverse range of specialty acrylic resins tailored to specific applications and industries, such as UV-curable resins for coatings and adhesives, or high-performance resins for automotive and aerospace applications. This diversification can help capture niche markets and reduce dependency on traditional segments. Strengthen Supply Chain Resilience: Build robust supply chain networks to mitigate risks associated with raw material price volatility and supply disruptions. Establishing long-term partnerships with reliable suppliers and exploring alternative raw material sources can enhance supply chain stability. Leverage Digital Marketing and E-Commerce: Utilize digital marketing strategies and e-commerce platforms to reach a broader customer base and enhance market presence. Online channels can facilitate direct engagement with end-users, gather market insights, and promote new products effectively. Opportunities: Emerging Markets Expansion: Investigate and enter developing markets in Latin America, Africa, and Asia-Pacific, where the demand for acrylic resins is being driven by the continents' fast industrialization and urbanization. These expansion prospects can be realised by developing regional production facilities and customising items to suit local market demands. Innovation in Eco-Friendly Products: Capitalize on the increasing demand for eco-friendly products by developing and marketing bio-based acrylic resins and sustainable formulations. Highlighting the environmental benefits of these products can attract environmentally conscious consumers and businesses. Adoption of UV-Curable Resins: Expand the adoption of UV-curable acrylic resins, which offer advantages such as fast curing times, energy efficiency, and reduced environmental impact. Target applications in coatings, adhesives, and printing inks to capture a larger market share in these segments. Customization and Application-Specific Solutions: Offer customized solutions and application-specific formulations to meet the unique requirements of various industries. Providing tailored products for sectors like construction, automotive, electronics, and consumer goods can enhance customer satisfaction and loyalty. Integration with Advanced Manufacturing Technologies: Integrate advanced manufacturing technologies such as 3D printing, automation, and smart manufacturing to improve production capabilities and reduce costs. These technologies can also enable the creation of innovative acrylic resin products with enhanced properties. Segmentation by type

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Thermosetting Acrylic Resin Thermoplastic Acrylic Resin Segmentation by application Paints and Coatings Paper and Cardboard Adhesive Textiles and Fibers Others This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. Asahi Kasei BASF Evonik Sumitomo Chemical DowDuPont Sherwin-Williams Synthetics & Polymer Industries Kaneka Corporation Kuraray Mitsubishi Chemical Corporation Lucite International NIPPON SHOKUBAI Plaskolite DSM Key Questions Addressed in this Report What is the 10-year outlook for the global Acrylic Resin market? What factors are driving Acrylic Resin market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Acrylic Resin market opportunities vary by end market size? How does Acrylic Resin break out type, application?