NEW YORK, Oct. 19, 2023 /PRNewswire/ -- The acrylic resin market size is expected to grow by USD 5.48 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 5% during the forecast period, according to Technavio. We provide a detailed analysis of 20 companies operating in the acrylic resin market including Allnex GMBH, Anhui Elite Industrial Co. Ltd., Arkema Group, BASF SE, CHANSIEH ENTERPRISES CO. LTD, Chevell Performance Material Group, Covestro AG, DIC Corp., Dow Chemical Co., Eternal Materials Co. Ltd., Evonik Industries AG, Formula Chemicals Inc., Henkel AG and Co. KGaA, Koninklijke DSM NV, Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Nippon Shokubai Co. Ltd., Resonac Holdings Corp., Solvay SA, and Sumitomo Chemical Co. Ltd.
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Technavio has announced its latest market research report titled Global Acrylic Resin Market 2023-2027
Acrylic Resin Market 2023-2027: Company Analysis
Allnex GMBH: The company offers acrylic resins such as Solventborne Acrylics under its trade names SETALUX and MACRYNAL, which deliver tough, durable polyurethane topcoats and clearcoats for a tremendous variety of industrial and automotive applications.
This report provides a full list of key companies, their strategies, and the latest developments.
Acrylic Resin Market 2023-2027: Segmentation
Application
The market share growth of the paint and coatings segment is significant during the forecast period. There is an increasing adoption of acrylic resins for painting and coatings applications. Acrylic resin is a type of polymer that contains acrylic monomers. These monomers usually exist in solvents (solvents) or solvents (solid solvents). One of the most widely used resins in latex paint is acrylic resin.
Geography
APAC accounts for 51% of the growth of the global market during the forecast period. Some of the leading consumers of acrylic paints in APAC include China, India, Japan, Malaysia, Thailand, Indonesia, and Vietnam. China is one of the significant contributors to the growth of the market as it is one of the largest automotive producers in the world and one of the biggest manufacturers of paints and coatings for various industries, it is well placed to meet these demands including aerospace, architecture, automobile, and construction.
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Acrylic Resin Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 5% |
Market growth 2023-2027 | USD 5.48 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 4.55 |
Regional analysis | APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution | APAC at 51% |
Key countries | US, China, Japan, Germany, and France |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Allnex GMBH, Anhui Elite Industrial Co. ltd., Arkema Group, BASF SE, CHANSIEH ENTERPRISES CO. LTD, Chevell Performance Material Group, Covestro AG, DIC Corp., Dow Chemical Co., Eternal Materials Co. Ltd., Evonik Industries AG, Formula Chemicals Inc., Henkel AG and Co. KGaA, Koninklijke DSM NV, Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Nippon Shokubai Co. Ltd., Resonac Holdings Corp., Solvay SA, and Sumitomo Chemical Co. Ltd. |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Infiniti Research, Inc.