Acrylic Resins Market was valued at USD 16.46 Bn in 2022, and is expected to reach USD 22.11 Bn by 2029, at a CAGR of 4.3% during forecast period 2023-2029.
Acrylic Resins Market Overview:
Acrylic Resins market research report explores and evaluates the market's position during the predicted period. It is an in-depth study that focuses on fundamental and secondary drivers, market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.
Market Scope:
We examined the Acrylic Resins Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behavior. Following that, the data is collated and evaluated utilizing a variety of market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2029.
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Segmentation:
By type of acrylic resins
The market share of methacrylates was highest in 2022, and this dominance is anticipated to continue throughout the projected period. Due to its expanding consumption in end-use industries and the exceptional qualities the product offers, such as quick curing and outstanding performance, this market segment is now the market leader.
By application
Due to the significant use of acrylic resins as binders in numerous applications, including ornamental coatings and others, paints and coatings are the most popular application category in the market. Due to their capacity to maintain colour and withstand outside conditions, acrylic resins have proven to be an excellent choice for paints and coatings. Sanitary goods are another application for acrylic resins.
by Type
Methacrylates
Acrylates
Hybrids
by Property
Thermoplastic
Thermosetting
by Application
Paints & Coatings
Construction
Medical
Paper & Paperboard
Textiles
Fibers & Adhesives
Key Players:
Primary and secondary research is used to determine market leaders, while primary and secondary research are used to compute market revenue. The core study included in-depth interviews with key thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. In-depth interviews with important thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a study of the major manufacturers' annual and financial reports. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then compared to historical data. The players highlighted in this report are as follows:
1. Sumitomo Chemical Co. Ltd.
2. Asahi Kasei Corporation
3. Air Products and Chemicals Inc.
4. Arkema S.A.
5. Mitsui Chemicals Inc.
6. Evonik Industries AG
7. Formosa Plastics Corp.
8. BASF
9. Eastman Chemical Company
10.Henkel AG
11.Akzo Nobel N.V.
12.Berger Paints India Limited
13.CARPOLY
14.ALLNEX NETHERLANDS B.V.
15.Arkema
16.Jotun
17.PPG Industries, Inc.
18.Masco Corporation
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Regional Analysis:
The study takes an in-depth look at the industry in the area, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide Acrylic Resins market. It also estimates the market size and forecasts for five major regions from 2022 to 2029: North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. Each area's Acrylic Resins market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Acrylic Resins Market:
We thoroughly researched and analyzed the Global Acrylic Resins Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Acrylic Resins industry's potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Acrylic Resins Market Report are:
- What are the most potential high-growth prospects in the worldwide Acrylic Resins industry, broken down by product category, End User, and Region?
- Which Acrylic Resins market categories will grow the most rapidly, and why?
- Which regions will grow faster, and why?
- What are the major factors impacting Acrylic Resins market dynamics? What are the Acrylic Resins market's major drivers and challenges?
- What are the business risks and dangers in the Acrylic Resins market?
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