Report Scope & Overview:
The global Acrylic Resin market is expected to experience significant growth due to various factors such as increasing demand for the product, the presence of key market players, and advancements in technology. This report provides an in-depth analysis of the market size, growth trends, pricing structure, production, value chain analysis, and regional assessment. The report also offers insights into company profiling and emerging product lines.
The report provides a thorough analysis of the current demand and supply environment of the global Acrylic Resin market, as well as the price trends in the market for the next few years. The leading global players in the market are profiled, including their revenue, market share, profit margin, major product portfolio and SWOT analysis. The report also provides an analysis of the supply chain from an industry perspective, including an introduction to the process chart, upstream key raw material and cost analysis, distributor and downstream buyer analysis.
In addition, the report includes global and regional market size and forecasts, major product development trends, and typical downstream segment scenarios. The market drivers and inhibitors are analyzed in the context of these trends and scenarios. The report provides a comprehensive analysis of the market landscape, including competition analysis by price, revenue, sales, and market share by company, market rate, competitive situation landscape, and the latest trends, mergers, expansions, acquisitions, and market shares of top companies.
Economic Factors: Economic conditions, such as GDP growth, disposable income, and consumer spending, play a significant role in shaping the demand for acrylic resins. During periods of economic growth, the demand for products using acrylic resins tends to increase.
Technological Advancements: Innovations and advancements in acrylic resin manufacturing technologies can influence market dynamics. More efficient production methods and improved product properties can attract new customers and drive market growth.
Environmental Regulations: Stringent environmental regulations and increasing awareness about sustainability have led to a rising demand for eco-friendly and low-VOC (volatile organic compound) acrylic resins. Manufacturers have been adapting their product offerings to meet these demands.
Raw Material Prices: Acrylic resins are derived from petrochemical sources, and fluctuations in crude oil prices can impact the overall cost of production. Instability in raw material prices can lead to fluctuations in acrylic resin prices.
Competitive Landscape: The level of competition among acrylic resin manufacturers and suppliers can influence pricing and product innovation. Companies often engage in research and development to gain a competitive edge in the market.
Geopolitical Factors: Political instability and trade policies in major acrylic resin producing or consuming regions can affect supply chains and market dynamics.
Global Demand: The demand for acrylic resins can vary regionally, with different countries or regions experiencing different levels of growth due to specific economic and industrial factors.
Emerging Markets: The growth of new and emerging markets can present opportunities for acrylic resin manufacturers to expand their customer base and market presence.
Consumer Preferences and Trends: Changing consumer preferences and design trends can influence the types and applications of products that utilize acrylic resins.
Market Segmentations:
Global Acrylic Resin Market: By Company
• Asahi Kasei
• BASF
• Evonik
• Sumitomo Chemical
• DowDuPont
• Sherwin-Williams
• Synthetics & Polymer Industries
• Kaneka Corporation
• Kuraray
• Mitsubishi Chemical Corporation
• Lucite International
• NIPPON SHOKUBAI
• Plaskolite
• DSM
Global Acrylic Resin Market: By Type
• Thermosetting Acrylic Resin
• Thermoplastic Acrylic Resin
Global Acrylic Resin Market: By Application
• Paints and Coatings
• Paper and Cardboard
• Adhesive
• Textiles and Fibers
• Others
Global Acrylic Resin Market: Regional Analysis
The regional analysis of the global Acrylic Resin market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Acrylic Resin market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Acrylic Resin in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Acrylic Resin in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Acrylic Resin in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Acrylic Resin in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
| Repot Attribute/Metric | Details |
| Projected Market Size in 2023 | USD 20,704.2 million |
| Projected Market Size 2030 | USD 30,741.3 million |
| Compound Annual Growth Rate (CAGR) | 5.60% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Thermosetting Acrylic Resin • Thermoplastic Acrylic Resin |
| By Application | • Paints and Coatings • Paper and Cardboard • Adhesive • Textiles and Fibers • Others |
| Key Companies Profiled | • Asahi Kasei • BASF • Evonik • Sumitomo Chemical • DowDuPont • Sherwin-Williams • Synthetics & Polymer Industries • Kaneka Corporation • Kuraray • Mitsubishi Chemical Corporation • Lucite International • NIPPON SHOKUBAI • Plaskolite • DSM |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
Reasons to Purchase Acrylic Resin Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.
Objectives of Acrylic Resin Market Study:
The objectives of Acrylic Resin market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Acrylic Resin market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Acrylic Resin market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.
End-User Industries: Acrylic resins find applications in various end-user industries, such as automotive, construction, electronics, adhesives, coatings, textiles, and packaging. The growth and performance of these industries directly influence the demand for acrylic resins.
Economic Factors: Economic conditions, such as GDP growth, disposable income, and consumer spending, play a significant role in shaping the demand for acrylic resins. During periods of economic growth, the demand for products using acrylic resins tends to increase.
Technological Advancements: Innovations and advancements in acrylic resin manufacturing technologies can influence market dynamics. More efficient production methods and improved product properties can attract new customers and drive market growth.
Environmental Regulations: Stringent environmental regulations and increasing awareness about sustainability have led to a rising demand for eco-friendly and low-VOC (volatile organic compound) acrylic resins. Manufacturers have been adapting their product offerings to meet these demands.
Raw Material Prices: Acrylic resins are derived from petrochemical sources, and fluctuations in crude oil prices can impact the overall cost of production. Instability in raw material prices can lead to fluctuations in acrylic resin prices.
Competitive Landscape: The level of competition among acrylic resin manufacturers and suppliers can influence pricing and product innovation. Companies often engage in research and development to gain a competitive edge in the market.
Geopolitical Factors: Political instability and trade policies in major acrylic resin producing or consuming regions can affect supply chains and market dynamics.
Global Demand: The demand for acrylic resins can vary regionally, with different countries or regions experiencing different levels of growth due to specific economic and industrial factors.
Emerging Markets: The growth of new and emerging markets can present opportunities for acrylic resin manufacturers to expand their customer base and market presence.
Consumer Preferences and Trends: Changing consumer preferences and design trends can influence the types and applications of products that utilize acrylic resins.
Frequently Asked Questions
Acrylic Resin Market is projected to grow from USD 20,704.2 million in 2023 to USD 30,741.3 million by 2030, exhibiting a CAGR of 5.60% during the forecast period of 2023 - 2030
The major drivers of the acrylic resin market growth include increasing demand from end-use industries such as paints and coatings, adhesives, and construction.
Some key challenges faced by the acrylic resin industry include fluctuating raw material prices and increasing environmental concerns due to the use of solvent-based acrylic resins.
Some emerging trends in the acrylic resin market include a shift towards water-based acrylic resins to meet environmental regulations and growing applications in the automotive and electronics industries.
The regulatory environment is increasingly influencing the acrylic resin industry, with a focus on promoting eco-friendly and low-VOC (volatile organic compound) formulations, which has led to a rise in demand for water-based acrylic resins.
TABLE OF CONTENT
1.1 Product Definition
1.2 Acrylic Resin Segment by Type
1.2.1 Global Acrylic Resin Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Thermosetting Acrylic Resin
1.2.3 Thermoplastic Acrylic Resin
1.3 Acrylic Resin Segment by Application
1.3.1 Global Acrylic Resin Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Paints and Coatings
1.3.3 Paper and Cardboard
1.3.4 Adhesive
1.3.5 Textiles and Fibers
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Acrylic Resin Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Acrylic Resin Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Acrylic Resin Production Estimates and Forecasts (2017-2032)
1.4.4 Global Acrylic Resin Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Acrylic Resin Production Market Share by Manufacturers (2017-2023)
2.2 Global Acrylic Resin Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Acrylic Resin, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Acrylic Resin Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Acrylic Resin Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Acrylic Resin, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Acrylic Resin, Product Offered and Application
2.8 Global Key Manufacturers of Acrylic Resin, Date of Enter into This Industry
2.9 Acrylic Resin Market Competitive Situation and Trends
2.9.1 Acrylic Resin Market Concentration Rate
2.9.2 Global 5 and 10 Largest Acrylic Resin Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Acrylic Resin Production by Region
3.1 Global Acrylic Resin Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Acrylic Resin Production Value by Region (2017-2032)
3.2.1 Global Acrylic Resin Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Acrylic Resin by Region (2023-2032)
3.3 Global Acrylic Resin Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Acrylic Resin Production by Region (2017-2032)
3.4.1 Global Acrylic Resin Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Acrylic Resin by Region (2023-2032)
3.5 Global Acrylic Resin Market Price Analysis by Region (2017-2023)
3.6 Global Acrylic Resin Production and Value, Year-over-Year Growth
3.6.1 North America Acrylic Resin Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Acrylic Resin Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Acrylic Resin Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Acrylic Resin Production Value Estimates and Forecasts (2017-2032)
4 Acrylic Resin Consumption by Region
4.1 Global Acrylic Resin Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Acrylic Resin Consumption by Region (2017-2032)
4.2.1 Global Acrylic Resin Consumption by Region (2017-2023)
4.2.2 Global Acrylic Resin Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Acrylic Resin Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Acrylic Resin Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Acrylic Resin Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Acrylic Resin Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Acrylic Resin Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Acrylic Resin Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Acrylic Resin Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Acrylic Resin Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Acrylic Resin Production by Type (2017-2032)
5.1.1 Global Acrylic Resin Production by Type (2017-2023)
5.1.2 Global Acrylic Resin Production by Type (2023-2032)
5.1.3 Global Acrylic Resin Production Market Share by Type (2017-2032)
5.2 Global Acrylic Resin Production Value by Type (2017-2032)
5.2.1 Global Acrylic Resin Production Value by Type (2017-2023)
5.2.2 Global Acrylic Resin Production Value by Type (2023-2032)
5.2.3 Global Acrylic Resin Production Value Market Share by Type (2017-2032)
5.3 Global Acrylic Resin Price by Type (2017-2032)
6 Segment by Application
6.1 Global Acrylic Resin Production by Application (2017-2032)
6.1.1 Global Acrylic Resin Production by Application (2017-2023)
6.1.2 Global Acrylic Resin Production by Application (2023-2032)
6.1.3 Global Acrylic Resin Production Market Share by Application (2017-2032)
6.2 Global Acrylic Resin Production Value by Application (2017-2032)
6.2.1 Global Acrylic Resin Production Value by Application (2017-2023)
6.2.2 Global Acrylic Resin Production Value by Application (2023-2032)
6.2.3 Global Acrylic Resin Production Value Market Share by Application (2017-2032)
6.3 Global Acrylic Resin Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Asahi Kasei
7.1.1 Asahi Kasei Acrylic Resin Corporation Information
7.1.2 Asahi Kasei Acrylic Resin Product Portfolio
7.1.3 Asahi Kasei Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Asahi Kasei Main Business and Markets Served
7.1.5 Asahi Kasei Recent Developments/Updates
7.2 BASF
7.2.1 BASF Acrylic Resin Corporation Information
7.2.2 BASF Acrylic Resin Product Portfolio
7.2.3 BASF Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 Evonik
7.3.1 Evonik Acrylic Resin Corporation Information
7.3.2 Evonik Acrylic Resin Product Portfolio
7.3.3 Evonik Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Evonik Main Business and Markets Served
7.3.5 Evonik Recent Developments/Updates
7.4 Sumitomo Chemical
7.4.1 Sumitomo Chemical Acrylic Resin Corporation Information
7.4.2 Sumitomo Chemical Acrylic Resin Product Portfolio
7.4.3 Sumitomo Chemical Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Sumitomo Chemical Main Business and Markets Served
7.4.5 Sumitomo Chemical Recent Developments/Updates
7.5 DowDuPont
7.5.1 DowDuPont Acrylic Resin Corporation Information
7.5.2 DowDuPont Acrylic Resin Product Portfolio
7.5.3 DowDuPont Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.5.4 DowDuPont Main Business and Markets Served
7.5.5 DowDuPont Recent Developments/Updates
7.6 Sherwin-Williams
7.6.1 Sherwin-Williams Acrylic Resin Corporation Information
7.6.2 Sherwin-Williams Acrylic Resin Product Portfolio
7.6.3 Sherwin-Williams Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Sherwin-Williams Main Business and Markets Served
7.6.5 Sherwin-Williams Recent Developments/Updates
7.7 Synthetics & Polymer Industries
7.7.1 Synthetics & Polymer Industries Acrylic Resin Corporation Information
7.7.2 Synthetics & Polymer Industries Acrylic Resin Product Portfolio
7.7.3 Synthetics & Polymer Industries Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.7.4 Synthetics & Polymer Industries Main Business and Markets Served
7.7.5 Synthetics & Polymer Industries Recent Developments/Updates
7.8 Kaneka Corporation
7.8.1 Kaneka Corporation Acrylic Resin Corporation Information
7.8.2 Kaneka Corporation Acrylic Resin Product Portfolio
7.8.3 Kaneka Corporation Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Kaneka Corporation Main Business and Markets Served
7.7.5 Kaneka Corporation Recent Developments/Updates
7.9 Kuraray
7.9.1 Kuraray Acrylic Resin Corporation Information
7.9.2 Kuraray Acrylic Resin Product Portfolio
7.9.3 Kuraray Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Kuraray Main Business and Markets Served
7.9.5 Kuraray Recent Developments/Updates
7.10 Mitsubishi Chemical Corporation
7.10.1 Mitsubishi Chemical Corporation Acrylic Resin Corporation Information
7.10.2 Mitsubishi Chemical Corporation Acrylic Resin Product Portfolio
7.10.3 Mitsubishi Chemical Corporation Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Mitsubishi Chemical Corporation Main Business and Markets Served
7.10.5 Mitsubishi Chemical Corporation Recent Developments/Updates
7.11 Lucite International
7.11.1 Lucite International Acrylic Resin Corporation Information
7.11.2 Lucite International Acrylic Resin Product Portfolio
7.11.3 Lucite International Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.11.4 Lucite International Main Business and Markets Served
7.11.5 Lucite International Recent Developments/Updates
7.12 NIPPON SHOKUBAI
7.12.1 NIPPON SHOKUBAI Acrylic Resin Corporation Information
7.12.2 NIPPON SHOKUBAI Acrylic Resin Product Portfolio
7.12.3 NIPPON SHOKUBAI Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.12.4 NIPPON SHOKUBAI Main Business and Markets Served
7.12.5 NIPPON SHOKUBAI Recent Developments/Updates
7.13 Plaskolite
7.13.1 Plaskolite Acrylic Resin Corporation Information
7.13.2 Plaskolite Acrylic Resin Product Portfolio
7.13.3 Plaskolite Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.13.4 Plaskolite Main Business and Markets Served
7.13.5 Plaskolite Recent Developments/Updates
7.14 DSM
7.14.1 DSM Acrylic Resin Corporation Information
7.14.2 DSM Acrylic Resin Product Portfolio
7.14.3 DSM Acrylic Resin Production, Value, Price and Gross Margin (2017-2023)
7.14.4 DSM Main Business and Markets Served
7.14.5 DSM Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Acrylic Resin Industry Chain Analysis
8.2 Acrylic Resin Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Acrylic Resin Production Mode & Process
8.4 Acrylic Resin Sales and Marketing
8.4.1 Acrylic Resin Sales Channels
8.4.2 Acrylic Resin Distributors
8.5 Acrylic Resin Customers
9 Acrylic Resin Market Dynamics
9.1 Acrylic Resin Industry Trends
9.2 Acrylic Resin Market Drivers
9.3 Acrylic Resin Market Challenges
9.4 Acrylic Resin Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Asahi Kasei
BASF
Evonik
Sumitomo Chemical
DowDuPont
Sherwin-Williams
Synthetics & Polymer Industries
Kaneka Corporation
Kuraray
Mitsubishi Chemical Corporation
Lucite International
NIPPON SHOKUBAI
Plaskolite
DSM
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