The global market for Acrylic Resins is estimated at US$17.9 Billion in 2023 and is projected to reach US$25.2 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the acrylic resins market is driven by several factors. The rising demand for high-performance coatings and paints, particularly in the automotive and construction sectors, is a major driver, as these industries require durable, aesthetically pleasing finishes that withstand harsh conditions. Technological advancements in formulation and manufacturing processes are enhancing the properties of acrylic resins, making them more versatile and effective across various applications. The shift towards sustainable and eco-friendly products is also boosting the market, with increasing adoption of waterborne and low-VOC acrylic resins.
Additionally, the expanding use of acrylic resins in medical applications, due to their biocompatibility and performance characteristics, is contributing to market growth. The growth of the electronics and consumer goods industries, which utilize acrylic resins in numerous products for their clarity and durability, is further propelling demand. Together, these factors create a dynamic and expanding market for acrylic resins, reflecting their essential role in modern materials science and industry.
The growth in the acrylic resins market is driven by several factors. The rising demand for high-performance coatings and paints, particularly in the automotive and construction sectors, is a major driver, as these industries require durable, aesthetically pleasing finishes that withstand harsh conditions. Technological advancements in formulation and manufacturing processes are enhancing the properties of acrylic resins, making them more versatile and effective across various applications. The shift towards sustainable and eco-friendly products is also boosting the market, with increasing adoption of waterborne and low-VOC acrylic resins.
Additionally, the expanding use of acrylic resins in medical applications, due to their biocompatibility and performance characteristics, is contributing to market growth. The growth of the electronics and consumer goods industries, which utilize acrylic resins in numerous products for their clarity and durability, is further propelling demand. Together, these factors create a dynamic and expanding market for acrylic resins, reflecting their essential role in modern materials science and industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Methacrylates segment, which is expected to reach US$10.7 Billion by 2030 with a CAGR of a 5.0%. The Acrylates segment is also set to grow at 5.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.7 Billion in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $5.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acrylic Resins Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acrylic Resins Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acrylic Resins Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Altuglas International, Anderson Development Company Inc., Arkema Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- Altuglas International
- Anderson Development Company Inc.
- Arkema Group
- Arkema Inc.
- Asahi Kasei Corporation
- BASF SE
- DIC Corporation
- Dow Inc.
- Evonik Industries AG
- Formosa Plastics Corporation
- Kaneka Corporation
- Kuraray Co. Ltd.
- LG Chem Ltd.
- Lotte Chemical Corporation
- Lucite International
- Mitsubishi Chemical Corporation
- Mitsui Chemicals Inc.
- Nippon Shokubai Co. Ltd.
- Plaskolite Inc.
- PPG Industries Inc.
- Reichhold Inc.
- Royal DSM N.V.
- Solvay S.A.
- Sumitomo Chemical Co. Ltd.
- Unigel S.A.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Altuglas International
- Anderson Development Company Inc.
- Arkema Group
- Arkema Inc.
- Asahi Kasei Corporation
- BASF SE
- DIC Corporation
- Dow Inc.
- Evonik Industries AG
- Formosa Plastics Corporation
- Kaneka Corporation
- Kuraray Co. Ltd.
- LG Chem Ltd.
- Lotte Chemical Corporation
- Lucite International
- Mitsubishi Chemical Corporation
- Mitsui Chemicals Inc.
- Nippon Shokubai Co. Ltd.
- Plaskolite Inc.
- PPG Industries Inc.
- Reichhold Inc.
- Royal DSM N.V.
- Solvay S.A.
- Sumitomo Chemical Co. Ltd.
- Unigel S.A.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 198 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 17.9 Billion |
Forecasted Market Value ( USD | $ 25.2 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |