Global Acrylic Resin Market 2022 Industry Analysis, Key Drivers, Business Strategy, Opportunities and Forecast to 2030

SDKI Inc. published a new report on the global acrylic resin market. This study includes the statistical and analytical approaches needed to grow the acrylics market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-111602

The acrylic market is estimated to reach US $ 26.67 billion by 2030 from a market value of US $ 19.73 billion in 2022 and is expected to grow at a CAGR of 4.4% during the 2022-2030 forecast period.

Thermoplastic or thermosetting plastic substance derivatives of acrylic acid, methacrylic acid or other related compounds are used as acrylic resins. is known. It is widely used in paints and coatings, construction, industrial and commercial, and adhesives. Acrylics can be solvent-based and water-based systems. The density of acrylic resin is in the range of 1.02-1.19g / cc. Acrylic resin has high water resistance, high adhesion, and is hard to break. It is mainly used for molding materials, coatings, and adhesives.

Report sample URL
https://www.sdki.jp/sample-request-111602

The various properties of acrylic resins, such as water resistance, weather resistance, durability, transparency, and adhesiveness, are the main factors driving the growth of the acrylic resin market. In addition, rapid urbanization and industrialization in the world's emerging economies has led governments to increase construction costs. This trend is expected to drive demand for acrylic resins in construction and building applications. In addition, due to its high adhesiveness, acrylic resin is widely used as the main binder for paints and coatings. In addition, the increase in new urban projects in emerging countries such as China, India and Japan is expected to increase demand for acrylic resins. Due to the high durability and chemical resistance of acrylic resin, it is suitable for electronic device applications such as PC screens, mobile phone display windows, and light guide panels. This is also expected to contribute to the growth of the acrylic resin market.

However, growing concerns about the health hazards associated with raw material procurement and their volatile prices, as well as environmental regulations (especially in advanced Western countries), could curb growth in the acrylic market during the forecast period. ..

Acrylic resin market segment

The acrylic resin market is by type (methacrylate, acrylate hybrid), by characteristic (thermoplastic, thermosetting), by application (paint / coating, construction, industrial / commercial, paper / paperboard, textile / fiber and adhesive). And divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Acrylic Resin Market Regional Overview

The North American region is the world's leading region in terms of market share. This is because acrylic is needed for applications such as paints and coatings, and construction. Meanwhile, the Asia-Pacific acrylic resin market is expected to register its largest CAGR during the forecast period (2022-2030). Factors such as the rapid urbanization and rapid increase in industrialization are driving the growth of the acrylic resin market in the Asia-Pacific region. China has the largest market size in the Asia Pacific region. The Chinese government is focusing on reducing the volatile components of the resin, further increasing the demand for various water-based acrylic resins for coating applications.

Details of the survey report
https://www.sdki.jp/reports/acrylic-resin-market/111602

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Contact Us

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.