Acrylic Resins
Acrylic Resins Market by Chemistry (Acrylates, Hybrid, Methacrylates), Solvency (Solvent-Based, Water-Based), Application, End-Use Industry - Global Forecast 2024-2030
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[187 Pages Report] The Acrylic Resins Market size was estimated at USD 19.26 billion in 2023 and expected to reach USD 20.52 billion in 2024, at a CAGR 6.97% to reach USD 30.88 billion by 2030.

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Regional Insights

In North America, the ​​demand for acrylic resins is growing in the automotive, construction, and coating industries. The building & construction industries grow significantly in countries such as the U.S., Canada, and Mexico, increasing demand for coatings and refinish based on acrylic resins. In Europe, the increasing demand for eco-friendly and sustainable products significantly increases the utilization of acrylic resins. A surge in demand from the automotive industry in countries such as Germany, Spain, and France largely influenced the market growth for acrylic resins. In Asia-Pacific, the demand for acrylic resins from emerging economies such as China, India, and Japan is increasing due to rapid industrialization and urbanization, raising the demand for acrylic resins in various applications such as automotive, construction, and electronics. As per the Australian Government, as of 2023, there are 9,750 commercial and industrial building construction businesses in Australia. As per the government data, from April 2000 to September 2021, the Indian construction industry received a total investment of USD 26.16 billion for construction and development, including townships, housing, and built-up infrastructure under the foreign direct investment (FDI) policy. China's government focuses on reducing volatile components in resins, further enhancing the demand for various water-based acrylic resins for coating applications.

Acrylic Resins Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Acrylic Resins Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing demand for the acrylic resins in the automotive sector
    • Rise in construction of residential and commercial buildings
    • Growing usage of acrylic resigns in healthcare domain
  • Market Restraints
    • Fluctuating cost of crude oil based raw materials of acrylic resings
  • Market Opportunities
    • Potential inclination towards green and bio-based coatings and paints
    • Ongoing advancements in waterborne acrylic resins
  • Market Challenges
    • Stringent regulatory norms and adverse health impacts of acrylic resins
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Acrylic Resins Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Acrylic Resins Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Acrylic Resins Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Acrylic Resins Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Acrylic Resins Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Acrylic Resins Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Acrylic Resins Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Acrylic Resins Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Acrylic Resins Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Acrylic Resins Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acrylic Resins Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acrylic Resins Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • BASF breaks ground on acrylic acid complex at Zhanjiang Verbund site in China

    BASF has taken a major step forward in its commitment to the Chinese market in the acrylic acid space. The company recently broke ground on its new Acrylic Acid Complex at the Zhanjiang Verbund Site in Guangdong, China. This complex is set to be an important part of BASF's network of global production locations and will support the production of a variety of acrylic-based products, such as acrylic resins, used primarily in water treatment applications. With this new addition to their portfolio, BASF continues to demonstrate their dedication to sustainability and pursuing innovative solutions that hold strong promise for their customers and stakeholders alike. [Published On: 2023-03-14]

  • Sumitomo Chemical completes construction of pilot facility for acrylic-resin recycling

    Sumitomo Chemical recently announced the completion of construction on its pilot facility for recycling acrylic resins in Japan. Representing a significant step forward for sustainability efforts, the introduction of this facility enables the recycling of acrylic resins - typically not recycled until now due to their complex characteristics - thus helping reduce emissions and waste materials for customers. It’s an exciting move for Sumitomo Chemical and a critical stage in continuing their commitment towards environmental responsibility in the manufacture of their products. With higher performance levels and recyclability in mind, they are making imperative strides that will continue to carve out new frontiers as they offer industry-leading solutions to their valued customers. [Published On: 2023-01-03]

  • Arkema increases its bio-based offer with a new range of mass balance acrylic materials

    Arkema recently unveiled a new range of mass-balanced acrylic materials that are designed to help meet the needs of a wide range of industries. These materials, comprising monoethylene glycol (MEG), acrylic acid, and high-performance functionalized polymers such as APMA and SBMA, are developed to meet various requirements from the acrylic resins market in terms of performance, processability and cost efficiency. The stability and compatibility of these resins provide excellent scalability for high volume applications. Taken together, this new portfolio of acrylic materials is set to revolutionize how processes in many industries operate going forward. [Published On: 2022-11-21]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acrylic Resins Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acrylic Resins Market, highlighting leading vendors and their innovative profiles. These include Aekyung Chemical, Allnex GMBH, Arkema Group, Astra Chemtech Pvt. Ltd., Avery Dennison Corporation, BASF SE, D.S.V. Chemicals, DIC Corporation, Evonik Industries AG, FUJIKURA KASEI CO., LTD., GEO Specialty Chemicals, Inc. by CPS Performance Materials, Huntsman International LLC, Innotek Technology Limited, Jotun A/S, Kamsons, Koninklijke DSM N.V., Kukdo Chemical Co., Ltd., Macro Polymers Pvt. Ltd., Mitsubishi Chemical Group Corporation, Mitsui Chemicals, Inc., Nippon Shokubai Co., Ltd., Plaskolite, Inc., Resonac Holdings Corporation, Sakshi Dyes and Chemicals, Sherwin-Williams Company, Sika AG, Solvay S.A., Sumitomo Chemical Co., Ltd., Sun Polymers International Inc., Synpol Products Pvt. Ltd., Synthomer PLC, The Dow Chemical Company, The Lubrizol Corporation, Toyo Ink India Private Limited, Trinseo PLC, and Yip's Chemical Holdings Limited.

Acrylic Resins Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Acrylic Resins Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Chemistry
    • Acrylates
    • Hybrid
    • Methacrylates
  • Solvency
    • Solvent-Based
    • Water-Based
  • Application
    • Adhesives & Sealants
    • DIY Coatings
    • Elastomers
    • Paints & Coatings
  • End-Use Industry
    • Building & Construction
    • Consumer Goods
    • Electrical & Electronics
    • Industrial
    • Packaging
    • Paper & Paperboard

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Acrylic Resins Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Acrylic Resins Market, by Chemistry
  7. Acrylic Resins Market, by Solvency
  8. Acrylic Resins Market, by Application
  9. Acrylic Resins Market, by End-Use Industry
  10. Americas Acrylic Resins Market
  11. Asia-Pacific Acrylic Resins Market
  12. Europe, Middle East & Africa Acrylic Resins Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 382]
  17. List of Companies Mentioned [Total: 36]
A Detailed Look at Scope of Acrylic Resins Driven by Automotive Sector Demands
June 15, 2023
A Detailed Look at Scope of Acrylic Resins Driven by Automotive Sector Demands
Acrylic resins have been in demand for several years due to their excellent properties, such as good weather ability, transparency, and chemical resistance. However, over the past few years, the automotive sector's demand for acrylic resins has increased. With advanced technologies, high-quality coatings, and lightweight materials, the automotive industry has witnessed significant growth, increasing demand for acrylic resins. This blog post provides a detailed look at the scope of acrylic resins driven by the automotive sector's demands.

Growing Demand for Acrylic Resins in Automotive Manufacturing:

The automotive industry is one of the largest consumers of acrylic resins. It has been reported that around 50% of all acrylic resins produced globally are used in the automotive sector. The increased demand in this sector can be attributed to their excellent properties, such as good weather durability, adhesion, and chemical resistance. They also provide a topcoat for automobile painting, resulting in a glossy finish that enhances the aesthetic appeal of a vehicle.

Boost in Automotive Consumption:

In the past few years, the automotive sector has witnessed significant growth, leading to increased consumption of acrylic resins, which can be attributed to the development of advanced technologies, high-quality coatings, and lightweight materials. Additionally, the increased standard of living and affordability of automobiles has led to a peripatetic increase in demand for acrylic resins.

Emerging Trends in Acrylic Resins Manufacturing:

The increasing demand for acrylic resins in the automotive sector has led to the emergence of new trends in acrylic resins manufacturing. Manufacturers are developing innovative products that are low on VOCs, have a low carbon footprint, and are recyclable. Besides, manufacturers are using bio-based raw materials to ensure the sustainable production of acrylic resins.

A Comparative Analysis of Acrylic Resins and Other Resins:

Acrylic resins are becoming preferred over other resins, such as alkyd, polyester, and polyurethane. This is because acrylic resins provide better durability and weatherability and are more resistant to chemical attacks. It provides automotive manufacturers with better alternatives to traditional vehicle painting methods, allowing them to explore creative options for designing and enhancing the aesthetics of a vehicle using innovative coating solutions.

Future Scope and Opportunities:

The global acrylic resins market is expected to grow considerably, driven by the increasing demand for acrylic resins in the automotive sector. Additionally, the growing demand for eco-friendly materials and high-performance coatings is expected to create new opportunities for manufacturers. As acrylic resins continue to grow in importance, there will likely be significant advancements in the technology used to produce them, making them even more in demand than ever before.

The increasing demand for acrylic resins in the automotive sector can be attributed to their excellent properties, such as good weatherability, transparency, and chemical resistance. With the growing automotive consumption, the demand for acrylic resins is expected to rise in the coming years. Manufacturers are developing innovative products with low carbon footprints and recyclable materials. As the use of eco-friendly materials grows in popularity, manufacturers must develop solutions that are sustainable, efficient, and cost-effective. Overall, acrylic resins are driving the automotive industry forward with new and innovative coating solutions that are revolutionizing how we think about designing, constructing, and painting vehicles.

Frequently Asked Questions
  1. How big is the Acrylic Resins Market?
    Ans. The Global Acrylic Resins Market size was estimated at USD 19.26 billion in 2023 and expected to reach USD 20.52 billion in 2024.
  2. What is the Acrylic Resins Market growth?
    Ans. The Global Acrylic Resins Market to grow USD 30.88 billion by 2030, at a CAGR of 6.97%
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