Acrylic Resins Market by Chemistry (Acrylates, Hybrid, Methacrylates), Solvency (Solvent-Based, Water-Based), Application, End-Use Industry - Global Forecast 2024-2030
Description
Acrylic Resins Market by Chemistry (Acrylates, Hybrid, Methacrylates), Solvency (Solvent-Based, Water-Based), Application, End-Use Industry - Global Forecast 2024-2030
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.
An aircraft electric motor is a type of electric motor designed to provide propulsion for an aircraft that converts electrical energy into mechanical energy to drive the propeller or rotor blades of the aircraft. Electric motors offer a significant advantage over traditional combustion engines due to their higher energy efficiency, resulting in potential fuel consumption and emissions reductions. In the aviation industry, aircraft electric motors, predominantly brushless DC (BLDC) or AC induction motors, are powered by batteries or fuel cells. These electric propulsion systems present several benefits, including enhanced environmental friendliness and reduced operating costs compared to conventional fuel-based propulsion systems. The increasing development of large commercial and military aircraft fleets and the rising demand for aircraft electric motors to develop electric vehicles is boosting the demand for aircraft electric motors. However, fluctuating raw materials costs, technical constraints, and design complexities significantly impede the utilization of aircraft electric motors. In addition, favorable government and private organizations' investment in the development of electric aircraft and the demand for advanced aircraft electric motors to reduce weight and decrease end-user operating and maintenance costs is expected to create opportunities for the growth of the aircraft electric motors market.
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.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Acrylic Resins Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Acrylic Resins Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
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:
Chemistry
Acrylates
Solvent-Based
Adhesives & Sealants
Building & Construction
Americas
Argentina
California
Australia
Denmark
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Acrylic Resins Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Acrylic Resins Market?
- What are the technology trends and regulatory frameworks in the Acrylic Resins Market?
- What is the market share of the leading vendors in the Acrylic Resins Market?
- Which modes and strategic moves are suitable for entering the Acrylic Resins Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
195 Pages
- 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. Limitations
- 1.7. Assumptions
- 1.8. 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
- 4.1. Introduction
- 4.2. Acrylic Resins Market, by Region
- 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. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 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. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Arkema Finalizes the Acquisition of Polimeros Especiales, a Leading Waterborne Acrylic Resin Producer in Mexico
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. Brenntag expands distribution agreement with Arkema
- 13.3.2.2. Azelis and Röhm expand partnership across EMEA
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Arkema increases its bio-based offer with a new range of mass balance acrylic materials
- 13.3.3.2. Kaneka increases production capacity for acrylic film resin used in LCD TVs
- 13.3.3.3. EPS Launches New Acrylic Resin for High-End Wood Coatings
- 13.3.4. Award, Recognition, & Expansion
- 13.3.4.1. BASF breaks ground on acrylic acid complex at Zhanjiang Verbund site in China
- 13.3.4.2. Sumitomo Chemical completes construction of pilot facility for acrylic-resin recycling
- 13.3.4.3. Trinseo Expands Acrylic Resin Production Capacity in Europe
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Aekyung Chemical
- 14.1.2. Allnex GMBH
- 14.1.3. Arkema Group
- 14.1.4. Astra Chemtech Pvt. Ltd.
- 14.1.5. Avery Dennison Corporation
- 14.1.6. BASF SE
- 14.1.7. D.S.V. Chemicals
- 14.1.8. DIC Corporation
- 14.1.9. Evonik Industries AG
- 14.1.10. FUJIKURA KASEI CO., LTD.
- 14.1.11. GEO Specialty Chemicals, Inc. by CPS Performance Materials
- 14.1.12. Huntsman International LLC
- 14.1.13. Innotek Technology Limited
- 14.1.14. Jotun A/S
- 14.1.15. Kamsons
- 14.1.16. Koninklijke DSM N.V.
- 14.1.17. Kukdo Chemical Co., Ltd.
- 14.1.18. Macro Polymers Pvt. Ltd.
- 14.1.19. Mitsubishi Chemical Group Corporation
- 14.1.20. Mitsui Chemicals, Inc.
- 14.1.21. Nippon Shokubai Co., Ltd.
- 14.1.22. Plaskolite, Inc.
- 14.1.23. Resonac Holdings Corporation
- 14.1.24. Sakshi Dyes and Chemicals
- 14.1.25. Sherwin-Williams Company
- 14.1.26. Sika AG
- 14.1.27. Solvay S.A.
- 14.1.28. Sumitomo Chemical Co., Ltd.
- 14.1.29. Sun Polymers International Inc.
- 14.1.30. Synpol Products Pvt. Ltd.
- 14.1.31. Synthomer PLC
- 14.1.32. The Dow Chemical Company
- 14.1.33. The Lubrizol Corporation
- 14.1.34. Toyo Ink India Private Limited
- 14.1.35. Trinseo PLC
- 14.1.36. Yip's Chemical Holdings Limited
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
- FIGURE 1. ACRYLIC RESINS MARKET RESEARCH PROCESS
- FIGURE 2. ACRYLIC RESINS MARKET SIZE, 2023 VS 2030
- FIGURE 3. ACRYLIC RESINS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. ACRYLIC RESINS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. ACRYLIC RESINS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. ACRYLIC RESINS MARKET DYNAMICS
- FIGURE 7. ACRYLIC RESINS MARKET SIZE, BY CHEMISTRY, 2023 VS 2030 (%)
- FIGURE 8. ACRYLIC RESINS MARKET SIZE, BY CHEMISTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. ACRYLIC RESINS MARKET SIZE, BY SOLVENCY, 2023 VS 2030 (%)
- FIGURE 10. ACRYLIC RESINS MARKET SIZE, BY SOLVENCY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. ACRYLIC RESINS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. ACRYLIC RESINS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. ACRYLIC RESINS MARKET SIZE, BY END-USE INDUSTRY, 2023 VS 2030 (%)
- FIGURE 14. ACRYLIC RESINS MARKET SIZE, BY END-USE INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AMERICAS ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. AMERICAS ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. UNITED STATES ACRYLIC RESINS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 18. UNITED STATES ACRYLIC RESINS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. ASIA-PACIFIC ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. ASIA-PACIFIC ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. EUROPE, MIDDLE EAST & AFRICA ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 22. EUROPE, MIDDLE EAST & AFRICA ACRYLIC RESINS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. ACRYLIC RESINS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 24. ACRYLIC RESINS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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