Acrylic Resins Market | Trends, Dynamics and Valuable Opportunities for Emerging Players- Credence Research

iCrowd Newswire
03 Mar 2021, 13:49 GMT+10

The global Acrylic Resins market generated revenue of around USD 16,300 million in 2020 and anticipated to grow at a CAGR of over 5.15% during the forecast period from 2021 to 2027 to reach around USD 23,125 million in 2027.

Acrylic resins are thermosetting plastic or thermoplastic which are synthesized from a wide range of methacrylic and acrylic ester monomers. In some acrylic resins, which have low level of monomers, have other functional groups also. Acrylic resins feature include durability and transparency due to which they have a wide range of applications. Acrylic resins are majorly available in water-based systems and solvent-based systems. Viscosity in both the systems can be designed to meet the low resin content prepregs made of either unitape fiber or fabrics.

Key Trends in Global Acrylic Resins Market

Increasing infrastructural and constructional activities

Rapid urbanization and industrialization in various emerging countries across the globe is fueling the constructional and infrastructural activities. In 2019, the global population of the world was around 7.7 billion out of which approximately 60% of the population was in APAC. Owing to the rapid increase in the population there is rise in residential construction and also increase in infrastructural projects. Also, the growing government initiatives for improving constructions of developing countries such as India is also responsible for rise in construction activities. In construction industry products which have high performance are preferred. Acrylic resin's quality and performance is extremely consistent and acrylic resin is also cost effective. This increases the use of acrylic resin in construction industry.

Impact of COVID 19 on Global Acrylic Resins Market

COVID 19 has highly impacted revenue generation of acrylic resin market. During the COVID 19 scenario various countries have imposed rules for product and goods exchange. Also, there were strict rules implied to work at particular construction site and industries. This affected the demand for acrylic resins market in 2020. COVID 19 has resulted in decline of about 25% in total revenue generated by the global acrylic resins market as compare to 2019.

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Global Acrylic Resins Market by Type Insights

Methacrylates, acrylates and hybrid are main three types of acrylic resin market. Acrylates is the largest segment owing to its property such as it can be polymerized and has various applications.

Global Acrylic Resins Market by Solvency Insights

On the basis of solvency, the acrylic resin market is divided into water based and solvent based segments. Water based segment is expected to show a higher growth owing to the inclination of companies towards the use of products which are environmentally sustainable. About 60% of the total market is solvent based acrylic resin market.

Global Acrylic Resins Market by Application Insights

Based on application, the acrylic resin market is segmented into paints & coatings, adhesives & sealants, DIY coatings, elastomers and others. Paints and coatings segment is expected to dominate the acrylic resins market.

Global Acrylic Resins Market by End-user Insights

Global acrylic resins market is segmented based on end-user industries such as building & construction, industrial, paper & paperboard, consumer goods, electrical & electronics, packaging and others.Building and construction is expected to dominate the end user industry segment of acrylic resin market.

Global Acrylic Resins Market by Regional Insights

The largest market for acrylic resin was Asia Pacific and it accounted for about 35% of the total revenue generated. The urbanization and industrialization of emerging economies such as India, China, Japan, etc is anticipated to fuel the growth of the Asia Pacific Acrylic Resin Market. Asia Pacific is followed by Europe and North America. The growing development in infrastructure in United States is expected to drive the growth of the North America Acrylic resin Market.

Global Acrylic Resins Market Competitive Landscape

The major players of the global Acrylic Resins market include Arkema S.A., Dow Chemical Company, BASF S.E., Mitsui Chemicals, Hexion, DIC Corporation, Mitsubishi Chemical Holdings Corporation, Formosa Plastics Corporation, DSM, Sumitomo and others. The report covers detailed profiles of the key players.

Market Segmentation

Global Acrylic Resins Market by Type, 2015 - 2027

· Methacrylates

· Acrylates

· Hybrids

Global Acrylic Resins Market by Solvency, 2015 - 2027

· Water-based

· Solvent-based

Global Acrylic Resins Market by Application, 2015 - 2027

· Paints & Coatings

· Adhesives & Sealants

· DIY Coatings

· Elastomers

· Others

Global Acrylic Resins Market by End-user Industry, 2015 - 2027

· Building & Construction

· Industrial

· Consumer Goods

· Electrical & Electronics

· Packaging

· Others

Global Acrylic Resins Market by Region, 2015 - 2027

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa

Global Acrylic Resins Market: Key Players

· Arkema S.A. (France)

· Dow Chemical Company (United States)

· BASF S.E. (Germany)

· Mitsui Chemicals (Japan)

· Hexion (United States)

· DIC Corporation (Japan)

· Mitsubishi Chemical Holdings Corporation (Japan)

· Formosa Plastics Corporation (United States)

· DSM (Netherlands)

· Sumitomo (Japan)

. Others

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Table of Content

1.Preface

1.1.Report Description1.1.1.Purpose of the Report1.1.2.Target Audience1.1.3.USP and Key Offerings1.2.Research Scope1.3.Research Methodology1.3.1.Phase I – Secondary Research1.3.2.Phase II – Primary Research1.3.3.Phase III – Expert Panel Review1.3.4.Approach Adopted1.3.4.1.Top-Down Approach1.3.4.2.Bottom-Up Approach1.3.5.Assumptions1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Acrylic Resins Market

3.Market Dynamics

3.1.Introduction3.1.1. Global Acrylic Resins Market Value, 2015-2027, (US$ Mn)3.2.Market Dynamics3.2.1.Key Growth Trends3.2.2.Major Industry Challenges3.2.3.Key Growth Pockets3.3.Attractive Investment Proposition,20203.3.1.Type3.3.2.Solvency3.3.3.Application3.3.4.End-user3.3.5.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 20204.2.Top 6 Players4.3.Top 3 Players4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Acrylic Resins Market Pre Vs Post COVID 19, 2019 - 20275.2.Impact on Import & Export5.3.Impact on Demand & Supply

6.North America

6.1.North America Acrylic Resins Market, by Country, 2015-2027(US$ Mn)6.1.1.U.S.6.1.2.Canada6.1.3.Mexico6.2.North America Acrylic Resins Market, by Type, 2015-2027(US$ Mn)6.2.1.Overview6.2.2.Methacrylates6.2.3.Acrylates6.2.4.Hybrid6.3.North America Acrylic Resins Market, by Type, 2015-2027(US$ Mn)6.3.1.Overview6.3.2.Water Based6.3.3.Solvent Based6.4.North America Acrylic Resins Market, By Application, 2015-2027(US$ Mn)6.4.1.Overview6.4.2.Paints and coatings6.4.3.Adhesives and sealants6.4.4.DIY Coatings6.4.5.Elastomers6.4.6.Others6.5.North America Acrylic Resins Market, by End-user, 2015-2027(US$ Mn)6.5.1.Overview6.5.2.Building & construction6.5.3.Industrial6.5.4.Paper and paperboard6.5.5.Consumer Goods6.5.6.Electrical & Electronics6.5.7.Packaging6.5.8.Others

7.Europe

……….

8.Asia Pacific

……….

9.Latin America

…………

10.Middle East

………..

11.Africa

…………

12.Company Profiles

12.1.Arkema S.A.12.2.Dow Chemical Company12.3.BASF S.E.12.4.Mitsui Corporation12.5.Hexion12.6.DIC Corporation12.7.Mitsubishi Chemical Holding Corporation12.8.Formosa Plastics Corporation12.9.DSM12.10.Sumitomo

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