The global acrylic resins market size reached USD 15.98 Billion in 2020 and is expected to register a revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Spurt in construction activities globally as well as a rising need for eco-friendly formulations are some of the key factors driving steady global acrylic resins market revenue growth. In addition, increasing number of smart city projects in developing countries is expected to further augment revenue growth of the market between 2021 and 2028.
Advancements in bio-based resin solutions is important for long-term sustainability. The primary purpose of creating sustainable or bio-based paints and coating solutions is to ensure environmental sustainability. Majority of coating raw materials are produced from fossil-based raw materials or renewable sources including oils, coal, and natural gas. Greenhouse Gas (GHG) emissions caused by misuse of such resources has a significantly negative impact on the environment. As compared to the conventional counterparts, raw materials based on plant biomass have advantageous characteristics.
However, stringent government regulations are expected to hamper growth of the global acrylic resins market to some extent over the forecast period. Use of paints and coatings is mandated by different governmental rules and limitations in different countries. Companies must update and adapt their processes to comply with new standards as coatings regulations change. Products that do not meet the standards are not permitted on the market. Acrylic resins are utilized in a number of sectors to meet specific needs and to reduce emissions from certain formulas.
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The report also studies the key companies of the Acrylic Resins market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Based on the competitive landscape, the market report analyses the key companies operating in the industry:
BASF SE, Dow Chemical Company, Arkema S.A., Mitsui Chemicals, Inc., Koninklijke DSM N.V., Showa Denko Materials Co., Ltd., DIC Corporation, Sumitomo Corporation, Mitsubishi Chemical Holdings Corporation, and Nippon Shokubai Co., Ltd.
Read more on the global Acrylic Resins market report at@ https://www.emergenresearch.com/industry-report/acrylic-resins-market
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Acrylic Resins market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Further key findings from the report suggest
- Acrylates segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Acrylates chemistry is widely used in the paints and coatings industry. Such resins are made up of alkyl acrylates and methacrylates homo and copolymers, which are sometimes blended with other thermoplastic compounds. These are primarily used as main binders in coatings, with applications in the construction and automotive sectors.
- Hybrid segment is expected to register a significantly robust revenue growth rate over the forecast period. Owing to superior performance qualities like ultraviolet (UV) protection, glossy retention, and better adhesion, hybrid resins are increasingly being utilized in coating applications.
- Asia Pacific market is expected to account for a larger revenue share than other regional markets over the forecast period owing to increasing construction activities as well as rising disposable income and favorable home loan schemes in countries in the region.
The report further divides the Acrylic Resins market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Acrylic Resins market.
Emergen Research has segmented the global acrylic resins on the basis of type, form, chemistry, application, end-use, and region:
Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Thermoplastic
- Thermosetting
Form Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Solvent Based
- Water Based
Chemistry Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Methacrylate
- Acrylate
- Hybrid
Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Adhesives & Sealants
- Paints & Coatings
- DIY coatings
- Elastomers
- Others
End-Use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Industrial
- Consumer goods
- Construction
- Electrical & electronics
- Packaging
- Paper & Paperboard
- Others
The study segments the Acrylic Resins industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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