Product Code: MRFR/CnM/3702-CR
Market Overview
The Acrylic Resin Market is projected to enroll a compound annual growth rate (CAGR) of 5.60% during the conjecture time frame. The growth of the Acrylic Resin market overall is attributed to the Rising interest in acrylic resins in the car industry. In car applications, acrylic resin is utilized to cover and safeguard metal surfaces with paint and stain. Owing to a few qualities, including low-stress birefringence, lightweight, and great scratch opposition, among others, acrylic resins are habitually utilized in enormous vehicles, like transporters and trains, as well as in traveler vehicles and different vehicles. In like manner, the market for acrylic resin is expected to ascend as independent or electric vehicles become more predominant.
In auto applications, acrylic resin is utilized to cover and safeguard metal surfaces with paint and stain. These resins, which are sold under the name hydroxyl-acrylic resins, depend on methacrylic monomers. Auto coatings offer incredible insurance and a wonderful appearance. Methacrylate resins are best matched with diisocyanates to offer adaptability to superior execution coatings because of their inherent extraordinary climate capacity and scratch opposition. Quick drying resins with high stream, sparkle, solidness, and manufacture characteristics are delivered using methyl methacrylate (MMA) adjusted alkyds, which are likewise powerful in metal enlivening finishes.
The manufacturing of many parts and gear, including fancy trims, encompassing lighting, entryway section strips, outside, back, and indicator light covers, auto glass, and so on, utilizes methacrylate broadly. Less pressure birefringence, lightweight, and great scratch opposition are a couple of the significant qualities that settle on the resin the best decision for the vehicle area.
Market Segmentation
Methacrylates, acrylates, and hybrids are the different types of acrylic resins that are available.
The acrylic resin market has been divided into thermoplastics and thermosetting based on the property. The Market has been divided into building & construction, automotive, electronics, packaging, and others based on the end-use by application.
The Acrylic Resin Market has been divided into paints & coatings, adhesives & sealants, pigment dispersion, and others based on the application of chemistry.
Regional Insights
Asia-Pacific held the biggest market portion of 35.08% in2018 because of the great accessibility of unrefined substances, fast industrialization, and commercialization in the region. Expanding the utilization of acrylic resin during the gauge period is normal. The market was esteemed at USD 6,976.2 million in2018 and is supposed to display a CAGR of 6.05%. The ongoing financial strength of the Asia-Pacific region and the resulting ascending popularity of infrastructure, gear, manufacturing offices, and different domains are projected to fuel the region's requirement for paints and coatings. Additionally, new possibilities in end-client areas like manufacturing, development, packaging, auto, and others are presumably not too far off on account of the improvement of creation offices and rising investments nearby. The Asia-Pacific region's three quickest developing economies are China, India, and Japan, which dominate different end-use areas including building and development, vehicles, etc.
Major Players
Some of the key players operating in the Acrylic Resin Market are Arkema, BASF SE, Evonik Industries AG, Dow Chemical Company, Mitsubishi, Chemical Corporation, Henkel AG & Co., Nippon Shokubai Kagaku Kogyo Co., Ltd., DIC Corporation, Sumitomo Chemical Company, and Covestro AG.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL ACRYLIC RESIN MARKET, BY TYPE
- 1.1.2 GLOBAL ACRYLIC RESIN MARKET, BY PROPERTY
- 1.1.3 GLOBAL ACRYLIC RESIN MARKET, END-USE BY APPLICATION
- 1.1.4 GLOBAL ACRYLIC RESIN MARKET, APPLICATION BY CHEMISTRY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP-DOWN AND BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET FACTOR ANALYSIS
- 4.1 MARKET TRENDS AND REVENUE POCKETS BY COUNTRY
- 4.2 MARKET DRIVERS AND RESTRAINTS
- 4.2.1 DRIVER: RISING DEMAND FOR ACRYLIC RESINS IN THE AUTOMOTIVE INDUSTRY
- 4.2.2 RESTRAINT: RISK ASSOCIATED WITH THE USE OF ACRYLIC RESINS
- 4.3 FUTURE POTENTIAL OPPORTUNITY POCKETS
- 4.3.1 INCREASING DEMAND FOR ACRYLIC RESIN IN PAINTS AND COATINGS
- 4.4 IMPACT OF COVID 19 OUTBREAK ON THE ACRYLIC RESIN MARKET
5 COST STRUCTURE ANALYSIS
- 5.1 OVERVIEW
- 5.2 PRODUCTION COST BREAKDOWN (COST INDICATORS)
- 5.3 COST STRUCTURE IMPACT ANALYSIS
6 SUPPLY CHAIN ANALYSIS
- 6.1 RAW MATERIAL SUPPLIERS
- 6.1.1 LIST OF RAW MATERIAL SUPPLIERS (COMPANY, HEADQUARTERS, CONTACT DETAILS)
- 6.2 ACRYLIC RESIN MANUFACTURERS
- 6.3 DISTRIBUTION & SALES CHANNEL
- 6.3.1 LIST OF SUPPLIERS / DISTRIBUTERS (COMPANY, HEADQUARTERS, CONTACT DETAILS)
- 6.4 END USERS
- 6.4.1 LIST OF POTENTIAL BUYERS (COMPANY, HEADQUARTERS, CONTACT DETAILS)
7 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS
8 GLOBAL ACRYLIC RESIN MARKET, BY TYPE
- 8.1 OVERVIEW
- 8.1.1 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST BY TYPE, 2018-2030
- 8.1.2 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST BY TYPE, 2018-2030
- 8.2 METHACRYLATES
- 8.3 ACRYLATES
- 8.4 HYBRID
9 GLOBAL ACRYLIC RESIN MARKET, BY PROPERTY
- 9.1 OVERVIEW
- 9.1.1 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST BY PROPERTY, 2018-2030
- 9.1.2 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST BY PROPERTY, 2018-2030
- 9.2 THERMOPLASTICS
- 9.3 THERMOSETTING
10 GLOBAL ACRYLIC RESIN MARKET, END USE BY APPLICATION
- 10.1 OVERVIEW
- 10.1.1 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST END USE BY APPLICATION, 2018-2030
- 10.1.2 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST END USE BY APPLICATION, 2018-2030
11 GLOBAL ACRYLIC RESIN MARKET, APPLICATION BY CHEMISTRY
- 11.1 OVERVIEW
- 11.1.1 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST APPLICATION BY CHEMISTRY, 2018-2030
- 11.1.2 ACRYLIC RESIN: MARKET ESTIMATES & FORECAST APPLICATION BY CHEMISTRY, 2018-2030
- 11.2 EMULSION POLYMERIZATION
- 11.3 SUSPENSION POLYMERIZATION
- 11.4 SOLUTION POLYMERIZATION
- 11.5 BULK POLYMERIZATION
12 GLOBAL ACRYLIC RESIN MARKET, BY REGION
- 12.1 OVERVIEW
- 12.2 NORTH AMERICA
- 12.3 EUROPE
- 12.3.1 GERMANY
- 12.3.2 RUSSIA
- 12.3.3 ITALY
- 12.3.4 FRANCE
- 12.3.5 SPAIN
- 12.3.6 UK
- 12.3.7 REST OF EUROPE
- 12.4 ASIA-PACIFIC
- 12.4.1 CHINA
- 12.4.2 INDIA
- 12.4.3 JAPAN
- 12.4.4 SOUTH KOREA
- 12.4.5 REST OF ASIA-PACIFIC
- 12.5 LATIN AMERICA
- 12.5.1 BRAZIL
- 12.5.2 MEXICO
- 12.5.3 ARGENTINA
- 12.5.4 REST OF LATIN AMERICA
- 12.6 MIDDLE EAST & AFRICA
- 12.6.1 SOUTH AFRICA
- 12.6.2 GCC COUNTRIES
- 12.6.3 REST OF MIDDLE EAST & AFRICA
13 COMPETITIVE LANDSCAPE
- 13.1 COMPETITIVE OVERVIEW
- 13.2 KEY DEVELOPMENTS
- 13.3 GLOBAL MARKET STRATEGY ANALYSIS
- 13.4 COMPETITIVE BENCHMARKING
- 13.5 PRODUCTION CAPACITY AND UTILIZATION CAPACITY (MT/ANNUM)
14 COMPANY PROFILES
- 14.1 ARKEMA
- 14.1.1 COMPANY OVERVIEW
- 14.1.2 FINANCIAL OVERVIEW
- 14.1.3 PRODUCT OFFERED
- 14.1.4 KEY DEVELOPMENTS
- 14.1.5 SWOT ANALYSIS
- 14.1.6 KEY STRATEGIES
- 14.2 BASF SE
- 14.2.1 COMPANY OVERVIEW
- 14.2.2 FINANCIAL OVERVIEW
- 14.2.3 PRODUCTS OFFERED
- 14.2.4 KEY DEVELOPMENTS
- 14.2.5 SWOT ANALYSIS
- 14.2.6 KEY STRATEGIES
- 14.3 EVONIK INDUSTRIES AG
- 14.3.1 COMPANY OVERVIEW
- 14.3.2 FINANCIAL OVERVIEW
- 14.3.3 PRODUCTS OFFERED
- 14.3.4 KEY DEVELOPMENTS
- 14.3.5 SWOT ANALYSIS
- 14.3.6 KEY STRATEGIES
- 14.4 DOW CHEMICAL COMPANY
- 14.4.1 COMPANY OVERVIEW
- 14.4.2 FINANCIAL OVERVIEW
- 14.4.3 PRODUCTS OFFERED
- 14.4.4 KEY DEVELOPMENT
- 14.4.5 SWOT ANALYSIS
- 14.4.6 KEY STRATEGIES
- 14.5 MITSUBISHI CHEMICAL CORPORATION
- 14.5.1 COMPANY OVERVIEW
- 14.5.2 FINANCIAL OVERVIEW
- 14.5.3 PRODUCTS OFFERED
- 14.5.4 KEY DEVELOPMENTS
- 14.5.5 SWOT ANALYSIS
- 14.5.6 KEY STRATEGIES
- 14.6 HENKEL AG & CO.
- 14.6.1 COMPANY OVERVIEW
- 14.6.2 FINANCIAL OVERVIEW
- 14.6.3 PRODUCTS OFFERED
- 14.6.4 KEY DEVELOPMENTS
- 14.6.5 SWOT ANALYSIS
- 14.6.6 KEY STRATEGIES
- 14.7 NIPPON SHOKUBAI KAGAKU KOGYO CO., LTD.
- 14.7.1 COMPANY OVERVIEW
- 14.7.2 FINANCIAL OVERVIEW
- 14.7.3 PRODUCTS OFFERED
- 14.7.4 KEY DEVELOPMENTS
- 14.7.5 SWOT ANALYSIS
- 14.7.6 KEY STRATEGIES
- 14.8 DIC CORPORATION
- 14.8.1 COMPANY OVERVIEW
- 14.8.2 FINANCIAL OVERVIEW
- 14.8.3 PRODUCTS OFFERED
- 14.8.4 KEY DEVELOPMENTS
- 14.8.5 SWOT ANALYSIS
- 14.8.6 KEY STRATEGIES
- 14.9 SUMITOMO CHEMICAL COMPANY
- 14.9.1 COMPANY OVERVIEW
- 14.9.2 FINANCIAL OVERVIEW
- 14.9.3 PRODUCTS OFFERED
- 14.9.4 KEY DEVELOPMENTS
- 14.9.5 SWOT ANALYSIS
- 14.9.6 KEY STRATEGIES
- 14.10 COVESTRO AG
- 14.10.1 COMPANY OVERVIEW
- 14.10.2 FINANCIAL OVERVIEW
- 14.10.3 PRODUCTS OFFERED
- 14.10.4 KEY DEVELOPMENTS
- 14.10.5 SWOT ANALYSIS
- 14.10.6 KEY STRATEGIES
15 APPENDIX
- 15.1 REFERENCES
- 15.2 RELATED REPORTS