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.

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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

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