Acrylic Resins Market by Chemistry, Solvency, Application, End-Use Industry

List of Tables

The Acrylic Resins Market was valued at USD 19.26 billion in 2023, expected to reach USD 20.52 billion in 2024, and is projected to grow at a CAGR of 6.97%, to USD 30.88 billion by 2030.

Acrylic resins are a critical component in various industries, defining their scope across coatings, adhesives, sealants, and elastomers (CASE), construction, automotive, textiles, and consumer goods due to their superior durability, clarity, and weather resistance. The necessity of acrylic resins stems from their diverse applications, where they enhance product performance, contribute to sustainability objectives, and innovate surface finishes. The market's growth is driven by increasing demand for lightweight, environmentally friendly materials in construction and automotive sectors. Additionally, the rising awareness about energy-efficient buildings accelerates their use in architectural coatings. A significant opportunity lies in the growing interest in bio-based acrylic resins, addressing eco-friendly mandates and reducing carbon footprints. Moreover, the digital printing industry presents robust potential, leveraging acrylic's adaptability in inks and coatings. To capture these opportunities, companies should focus on research and development (R&D) to innovate new formulations that enhance functionality while reducing environmental impacts. Despite the lucrative prospects, the market faces challenges such as fluctuating raw material prices and stringent environmental regulations, which can impede production costs and margins. Supply chain disruptions and the high competitive landscape further exacerbate these limitations, necessitating strategic alliances and robust risk management practices. Innovation areas ripe for exploration include developing hybrid resins that offer enhanced properties and biocompatibility, as well as advancing recycling technologies for sustainability. The market remains highly dynamic, characterized by rapid technological advancements and consumer preference shifts towards sustainable products. Companies seeking growth should invest in sustainable product innovations, expansion of distribution networks, and strategic partnerships. By aligning their strategies with these trends and challenges, and focusing efforts on expanding applications, enhancing product quality, and addressing environmental concerns, businesses can tap into the evolving demands and secure a competitive edge in the acrylic resin market.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.26 billion
Estimated Year [2024]	USD 20.52 billion
Forecast Year [2030]	USD 30.88 billion
CAGR (%)	6.97%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Acrylic Resins Market

The Acrylic Resins Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Acrylic Resins Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Acrylic Resins Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Acrylic Resins Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Acrylic Resins Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Acrylic Resins Market

A detailed market share analysis in the Acrylic Resins Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Acrylic Resins Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Acrylic Resins Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Acrylic Resins Market

A strategic analysis of the Acrylic Resins Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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.

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:

Based on Chemistry, market is studied across Acrylates, Hybrid, and Methacrylates.
Based on Solvency, market is studied across Solvent-Based and Water-Based.
Based on Application, market is studied across Adhesives & Sealants, DIY Coatings, Elastomers, and Paints & Coatings.
Based on End-Use Industry, market is studied across Building & Construction, Consumer Goods, Electrical & Electronics, Industrial, Packaging, and Paper & Paperboard.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-5012464380DD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for the acrylic resins in the automotive sector
  - 5.1.1.2. Rise in construction of residential and commercial buildings
  - 5.1.1.3. Growing usage of acrylic resigns in healthcare domain
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating cost of crude oil based raw materials of acrylic resings
- 5.1.3. Opportunities
  - 5.1.3.1. Potential inclination towards green and bio-based coatings and paints
  - 5.1.3.2. Ongoing advancements in waterborne acrylic resins
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulatory norms and adverse health impacts of acrylic resins
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Acrylic Resins Market, by Chemistry

6.1. Introduction
6.2. Acrylates
6.3. Hybrid
6.4. Methacrylates

7. Acrylic Resins Market, by Solvency

7.1. Introduction
7.2. Solvent-Based
7.3. Water-Based

8. Acrylic Resins Market, by Application

8.1. Introduction
8.2. Adhesives & Sealants
8.3. DIY Coatings
8.4. Elastomers
8.5. Paints & Coatings

9. Acrylic Resins Market, by End-Use Industry

9.1. Introduction
9.2. Building & Construction
9.3. Consumer Goods
9.4. Electrical & Electronics
9.5. Industrial
9.6. Packaging
9.7. Paper & Paperboard

10. Americas Acrylic Resins Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Acrylic Resins Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Acrylic Resins Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. BASF breaks ground on acrylic acid complex at Zhanjiang Verbund site in China
- 13.3.2. Sumitomo Chemical completes construction of pilot facility for acrylic-resin recycling
- 13.3.3. Arkema increases its bio-based offer with a new range of mass balance acrylic materials
- 13.3.4. Kaneka increases production capacity for acrylic film resin used in LCD TVs
- 13.3.5. Arkema Finalizes the Acquisition of Polimeros Especiales, a Leading Waterborne Acrylic Resin Producer in Mexico
- 13.3.6. Trinseo Expands Acrylic Resin Production Capacity in Europe
- 13.3.7. Brenntag expands distribution agreement with Arkema
- 13.3.8. EPS Launches New Acrylic Resin for High-End Wood Coatings
- 13.3.9. Azelis and Rohm expand partnership across EMEA
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aekyung Chemical
2. Allnex GMBH
3. Arkema Group
4. Astra Chemtech Pvt. Ltd.
5. Avery Dennison Corporation
6. BASF SE
7. D.S.V. Chemicals
8. DIC Corporation
9. Evonik Industries AG
10. FUJIKURA KASEI CO., LTD.
11. GEO Specialty Chemicals, Inc. by CPS Performance Materials
12. Huntsman International LLC
13. Innotek Technology Limited
14. Jotun A/S
15. Kamsons
16. Koninklijke DSM N.V.
17. Kukdo Chemical Co., Ltd.
18. Macro Polymers Pvt. Ltd.
19. Mitsubishi Chemical Group Corporation
20. Mitsui Chemicals, Inc.
21. Nippon Shokubai Co., Ltd.
22. Plaskolite, Inc.
23. Resonac Holdings Corporation
24. Sakshi Dyes and Chemicals
25. Sherwin-Williams Company
26. Sika AG
27. Solvay S.A.
28. Sumitomo Chemical Co., Ltd.
29. Sun Polymers International Inc.
30. Synpol Products Pvt. Ltd.
31. Synthomer PLC
32. The Dow Chemical Company
33. The Lubrizol Corporation
34. Toyo Ink India Private Limited
35. Trinseo PLC
36. Yip's Chemical Holdings Limited