Global Acrylic Resin Market 2017-2021

The acrylic resin market size has the potential to grow by $ 17 billion during 2017-2021, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. This report provides a detailed analysis of the market by application (paints and coatings, construction, textile and fibers, plastics, adhesives, and others) and geography (APAC, Europe, North America, and ROW). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Arkema, BASF, Evonik Industries, Mitsui Chemicals, and The Dow Chemical Company.

Overview of the global acrylic resin market

Technavio’s market study identifies the increasing demand from the construction industry to be one of the primary growth factors for the acrylic resin market. The growth in economic conditions and the growing population is significantly influencing the need for infrastructural development in MEA countries such as Qatar, UAE, and Saudi Arabia. Additionally, countries in the APAC such as China and India are also witnessing an increase in infrastructural development projects, where the heavy investment from the government and the rising urban population drive the need for new construction projects. Similarly, the European countries like Romania, Spain, and Ireland are also witnessing the growth of the construction industry. This growth of the construction industry will fuel the demand for acrylic resins for end-user applications such as paving and roofing and adhesives and sealants. Our market research analysts estimate that this market will register a revenue of more than USD 17 billion by 2021.

To attain competitive advantage, manufacturers in the acrylic casting resins market are making investments in R&D activities to add value to their products and differentiate their offerings from their competitors’. Influenced by stringent environmental regulations and the price-sensitivity of end-users, manufacturers are increasingly focusing on innovating and expanding their product portfolio. Technological developments and R&D innovations have rendered the improved products more functional, cost-effective, and sustainable. With the growing competition, R&D investments of competitors will continue to increase in the coming years, which according to our analysts, will be one of the key trends that will gain traction in the acrylic resin market.

Competitive landscape and key vendors

The acrylic resins market is monopolized by the presence of few prominent players who compete based on operational cost, innovation, price, and product quality. Acrylic resin manufacturers with strong financial, technological, and operational resources attain competitive advantage over the other players. Vendors in the acrylic casting resin market are focusing on innovating and developing new technologies to cater to the consumers’ changing demands.

The leading vendors in the market are -

• Arkema
• BASF
• Evonik Industries
• Mitsui Chemicals
• The Dow Chemical Company

The other prominent vendors in the market are Air Products and Chemicals, Asahi Kasei Corporation, DIC Corporation, Hitachi Chemical, NIPPON SHOKUBAI, and Sumitomo Chemical.

Segmentation by application and analysis of the acrylic resin market

• Paints and coatings
• Construction
• Textile and fibers
• Plastics
• Adhesives

Acrylic resins are primarily used in paints and coatings that are integral in residential and commercial constructions, decorative coatings, and do-it-yourself (DIY) coatings. Solvent-based acrylic resins are used extensively in coating applications due to its high-quality appearance and high durability and also to produce paints due to their resistance to weather, chemicals, and stain.

Geographical segmentation and analysis of the acrylic resin market

• APAC
• Europe
• North America
• ROW

The growing construction and industrial segment in India and China will contribute to the growth of the acrylic resin market in APAC. Additionally, the rise in employed population, the increase in the growth of middle-class population, the high disposable income, and favorable government policies, will also support the growth of the acrylic casting resin market in this region.

Key questions answered in the report include

• What will the acrylic resin market size and growth rate be in 2021?
• What are the key factors driving the global acrylic resin market?
• What are the key market trends impacting the growth of the global acrylic resin market?
• What are the challenges to market growth?
• Who are the key vendors in the global acrylic resin market?
• What are the market opportunities and threats faced by the vendors in the global acrylic resin market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global acrylic resin market?