The global Acrylic Resin market, projected to grow from USD 12.55 Billion in 2023 to USD 15.89 Billion by 2030, is expected to expand at a CAGR of X% driven by rising demand in con
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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.
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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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Customise your report by selecting specific countries or regions
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?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Acrylic Resin Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Acrylic Resin by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Acrylic Resin by Country/Region, 2019, 2023 & 2030
2.2 Acrylic Resin Segment by Type
2.2.1 Thermosetting Acrylic Resin
2.2.2 Thermoplastic Acrylic Resin
2.3 Acrylic Resin Sales by Type
2.3.1 Global Acrylic Resin Sales Market Share by Type (2019-2024)
2.3.2 Global Acrylic Resin Revenue and Market Share by Type (2019-2024)
2.3.3 Global Acrylic Resin Sale Price by Type (2019-2024)
2.4 Acrylic Resin Segment by Application
2.4.1 Paints and Coatings
2.4.2 Paper and Cardboard
2.4.3 Adhesive
2.4.4 Textiles and Fibers
2.4.5 Others
2.5 Acrylic Resin Sales by Application
2.5.1 Global Acrylic Resin Sale Market Share by Application (2019-2024)
2.5.2 Global Acrylic Resin Revenue and Market Share by Application (2019-2024)
2.5.3 Global Acrylic Resin Sale Price by Application (2019-2024)
3 Global Acrylic Resin by Company
3.1 Global Acrylic Resin Breakdown Data by Company
3.1.1 Global Acrylic Resin Annual Sales by Company (2019-2024)
3.1.2 Global Acrylic Resin Sales Market Share by Company (2019-2024)
3.2 Global Acrylic Resin Annual Revenue by Company (2019-2024)
3.2.1 Global Acrylic Resin Revenue by Company (2019-2024)
3.2.2 Global Acrylic Resin Revenue Market Share by Company (2019-2024)
3.3 Global Acrylic Resin Sale Price by Company
3.4 Key Manufacturers Acrylic Resin Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Acrylic Resin Product Location Distribution
3.4.2 Players Acrylic Resin Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Acrylic Resin by Geographic Region
4.1 World Historic Acrylic Resin Market Size by Geographic Region (2019-2024)
4.1.1 Global Acrylic Resin Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Acrylic Resin Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Acrylic Resin Market Size by Country/Region (2019-2024)
4.2.1 Global Acrylic Resin Annual Sales by Country/Region (2019-2024)
4.2.2 Global Acrylic Resin Annual Revenue by Country/Region (2019-2024)
4.3 Americas Acrylic Resin Sales Growth
4.4 APAC Acrylic Resin Sales Growth
4.5 Europe Acrylic Resin Sales Growth
4.6 Middle East & Africa Acrylic Resin Sales Growth
5 Americas
5.1 Americas Acrylic Resin Sales by Country
5.1.1 Americas Acrylic Resin Sales by Country (2019-2024)
5.1.2 Americas Acrylic Resin Revenue by Country (2019-2024)
5.2 Americas Acrylic Resin Sales by Type
5.3 Americas Acrylic Resin Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Acrylic Resin Sales by Region
6.1.1 APAC Acrylic Resin Sales by Region (2019-2024)
6.1.2 APAC Acrylic Resin Revenue by Region (2019-2024)
6.2 APAC Acrylic Resin Sales by Type
6.3 APAC Acrylic Resin Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Acrylic Resin by Country
7.1.1 Europe Acrylic Resin Sales by Country (2019-2024)
7.1.2 Europe Acrylic Resin Revenue by Country (2019-2024)
7.2 Europe Acrylic Resin Sales by Type
7.3 Europe Acrylic Resin Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Acrylic Resin by Country
8.1.1 Middle East & Africa Acrylic Resin Sales by Country (2019-2024)
8.1.2 Middle East & Africa Acrylic Resin Revenue by Country (2019-2024)
8.2 Middle East & Africa Acrylic Resin Sales by Type
8.3 Middle East & Africa Acrylic Resin Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Acrylic Resin
10.3 Manufacturing Process Analysis of Acrylic Resin
10.4 Industry Chain Structure of Acrylic Resin
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Acrylic Resin Distributors
11.3 Acrylic Resin Customer
12 World Forecast Review for Acrylic Resin by Geographic Region
12.1 Global Acrylic Resin Market Size Forecast by Region
12.1.1 Global Acrylic Resin Forecast by Region (2025-2030)
12.1.2 Global Acrylic Resin Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Acrylic Resin Forecast by Type
12.7 Global Acrylic Resin Forecast by Application
13 Key Players Analysis
13.1 Asahi Kasei
13.1.1 Asahi Kasei Company Information
13.1.2 Asahi Kasei Acrylic Resin Product Portfolios and Specifications
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