Press release
Acrylic Resin Market Growth 2022-2027: Size, Future Scope, Price Trends and Forecast
According to the latest report by IMARC Group, titled, "Acrylic Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global acrylic resin market reached a value of US$ 19.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.2 Billion by 2027, exhibiting a CAGR of 5.31% during 2022-2027.Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Acrylic resin is a thermoplastic material derived from acrylic, methacrylic, cyanoacrylic acid, acrylonitrile, acrylamide, and low monomer levels. It is a solvent- or water-based system that exhibits numerous properties such as durability, transparency, adherability, water and heat resistance, hardness, and glossy external appearance. It also offers excellent ultraviolet (UV) and oxidative stability, which finds application in lawn and garden equipment, safety helmets, and sporting goods. In addition, acrylic resin is used as decorative and do-it-yourself coatings in the construction and automotive industries such as building materials and automotive exterior parts.
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Acrylic Resin Market Trends and Drivers:
The global acrylic resin market is primarily driven by the significant growth of the construction industry. This is due to the rising urbanization, elevating incomes and population growth. Besides this, acrylic resin is utilized in electronic applications such as PC screens, display windows for cellular phones, and light guided panels, which is positively influencing the market growth. In addition, it provides glossy external appearance and color stability to windshields, optical lenses, paper and fiber processing binders, outdoor signs, floor waxes, piano keys, and lighting fixtures. Furthermore, the rising prevalence of chronic and dental problems is creating opportunities for the global market.
Acrylic Resin Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Arkema S.A
BASF SE
DIC Corporation
Dow Inc.
Koninklijke DSM N.V.
Mitsubishi Chemical Corporation
Mitsui Chemicals Inc
NIPPON SHOKUBAI CO. LTD.
Showa Denko Materials Co. Ltd.
Solvay S.A.
Sumitomo Chemical Co. Ltd.
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/acrylic-resin-market
The report has segmented the market based on component, mobility, application and vertical.
Breakup by Type:
Water-based
Solvent-based
Others
Breakup by Application:
Paints and Coatings
Adhesives and Sealants
Others
Breakup by End User:
Automotive
Building and Construction
Electronics
Packaging
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Browse Other Reports by IMARC Group:
GCC Soft Skills Training Market 2022-2027: Share, Growth, Size, Trends and Analysis:- https://www.openpr.com/news/2633301/gcc-soft-skills-training-market-2022-2027-share-growth-size
Japan Casein Market 2022-2027: Share, Size, Growth, Trends and Forecast:- https://www.openpr.com/news/2633323/japan-casein-market-2022-2027-share-size-growth-trends
GCC Casein Market 2022-2027: Growth, Share, Trends, Analysis and Forecast:- https://www.openpr.com/news/2633332/gcc-casein-market-2022-2027-growth-share-trends-analysis
Europe Calcium Chloride Market 2022-2027: Growth, Size, Share, Trends and Analysis:- https://www.openpr.com/news/2633342/europe-calcium-chloride-market-2022-2027-growth-size-share
Europe Idiopathic Pulmonary Fibrosis Treatment Market 2022-2027: Trends, Growth, Size and Analysis:- https://www.openpr.com/news/2633351/europe-idiopathic-pulmonary-fibrosis-treatment-market
Europe Ferrite Magnet Market Size 2022-2027: Future Scope, Price Trends, Outlook and Forecast:- https://www.openpr.com/news/2667939/europe-ferrite-magnet-market-size-2022-2027-future-scope
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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