Acrylic Resin Market: Provides Glossy External Appearance for end-users Industries, Growth Outlook 2024

Transparency Market Research
Acrylic Resin Market - Global
Industry Analysis, Size, Share,
Growth, Trends and Forecast
2016 – 2024
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REPORT DESCRIPTION
Acrylic resins, thermoplastic materials derived from compounds such as acrylic acid, methacrylic acid, etc., have an array
of applications. This is because they feature durability, transparency, adherability, water resistance, hardness, heat
resistance, weather resistance, and glossy external appearance. A report by Transparency Market Research broadly
segments the different applications of acrylic resins into automotive, paints and coatings, lighting fixtures, adhesives, and
textile. Of these, the paints and coatings segment grosses maximum revenue and hence accounts for a dominant position
in the market. Used mostly as decorative coatings and do-it-yourself coating primarily in the construction and automotive
industry, they are also slated to outshine all other segments in terms of growth rate in the near future because of their
versatility and durability.
The TMR report also classifies the global acrylic resin market by end users into automotive, construction, and consumer
goods. It furnishes a detailed quantitative and qualitative analysis of the different segments and estimates the overall
market size and its growth prospects. The report also describes the competitive landscape in complete detail and sheds
light on key strategies of prominent players.
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Global Acrylic Resin Market: Drivers and Trends
Acrylic resins are weather and hydrolysis resistant, provide a glossy external appearance, and provide color stability and
adherability. Because of such unique perceived benefits they are used in a range of things such as cellular phones,
aircraft windshields, watch crystals, optical lenses, PC screens, binders for paper and fiber processing, outdoor signs,
headlights, dishes, floor waxes, lighting fixtures, piano keys, and so on. The rapid expansion in such end use industries,
especially the automobile industry, is slated to provide substantial impetus to the global acrylic resin market.
Countering the growth in the market is the rising concerns about the health hazards related to the raw materials and their
unstable prices, and environmental regulations, particularly in the advanced western countries. A trend expected to
revolutionize the global acrylic resin market in the future is the development and commercialization of eco-friendly acrylic
resin.
Browse The Full Article Here: http://www.transparencymarketresearch.com/acrylic-resinmarket.html
Global Acrylic Resin Market: Geographical Outlook
Based on geography, the key segments of the global acrylic resin market are Europe, North America, Asia Pacific, and
the Rest of the World. Asia Pacific, among them, holds maximum potential for growth in the upcoming years. This is
because of the rising fortunes of the people in the region on account of the rapid economic growth. This in turn, would
trigger strong demand in the region. Asia Pacific already holds prominent position in the global market in terms of both
production and consumption. India and China are two major economies powering the market in Asia Pacific due to their
requirement for acrylics in applications the construction, paints and coatings, industrial, and commercial segments.
North America and Europe are other prominent markets. Going forward, however, they are slated to pare some of their
market shares owing to the slow pace of growth resulting from an already mature market that has limited opportunities.
Another factor predicted to restrain growth in the two continents is the strict government regulations. The Rest of the
World too will likely see impressive growth on the back of a spurt in construction activities in South America and Middle
East.
Companies Mentioned in Report
Some of the key companies in the global acrylic resin market listed in the report are Sumitomo Chemical Co. Ltd., Asahi
Kasei Corporation, Air Products and Chemicals Inc., Arkema S.A., Mitsui Chemicals Inc., Evonik Industries AG, Formosa
Plastics Corp., BASF, Eastman Chemical Company, and Henkel AG.
The study is a source of reliable data on:
 Key market segments and sub-segments
 Evolving market trends and dynamics
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Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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Paints & coatings are the largest application segment for acrylic resin and are expected to grow fastest during the forecast period.