Advertisement Product description:Global Acrylic Resins Market was valued at US$ 13.94 Bn in 2017, and is expected to reach US$ 19.22 Bn by 2026, at a CAGR of 4.1 % during forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Acrylic Resins market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Acrylic Resins market. Acrylic resins essentially constitute a group of thermoplastic resins that require the polymerization of esters of amides of acrylic or methacrylic acid for their production. Properties of acrylic resin such as durability, transparency, adherability, water resistance, hardness, heat resistance, weather resistance, and glossy external appearance have made it suitable for use in a wide variety of applications such as automotive, medical devices, paints and coatings, adhesives and sealants, paper, medical, textiles and several more. Based on the type of acrylic resins, Methacrylates type is the most popular segment across the globe due to plenty availability of raw materials in the market. This segment is leading market due to its growing consumption in the end-use industries owing to extraordinary features offered by the product such as fast curing and superior performance. Additionally, it is also used on concrete, wood, metal and synthetic substrates. Acrylates type resins are projected to grow at a higher CAGR owing to its wide use in the end-user industries such as paints & coatings, construction, and others. Based on the property, Thermoplastic segment holds the major portion of the market. Thermoplastic composites are known for their versatility as they possess the ability to reform due to advantages offered by the product such as cost-effective nature, recyclability, and enhanced mechanical properties. Based on the application, paints & coatings is the widely used application segment in the market due to extensive use of Acrylic Resins as binders in various end-uses such as decorative coatings, and other. In the case of paints and coatings, acrylic resins have proven to be very well suited owing to their ability to retain color and sustain the outdoor environment. Acrylic resins are also used for sanitary wares. Furthermore, the growing demand for the product from construction, paper & paperboard, textile, and others is set to drive the market over the assessment period. Acrylic glass makes for a good substitute for ordinary glass owing to its strength. It can be used to make tail lights in automobile and the scratch resistant property that it exhibits when treated has proven to be extremely beneficial for the automotive industry. Geographically, Asia Pacific holds maximum potential for growth in the upcoming years. This is because of the rising fortunes of the people in the region on account of the rapid economic growth. This in turn, would trigger strong demand in the region. Asia Pacific already holds prominent position in the global market in terms of production and consumption. India and China are two major economies powering the market in Asia Pacific due to their requirement for acrylics in applications the construction, paints and coatings, industrial, and commercial segments. North America and Europe have a relatively mature market for acrylic resins and government regulations are also slowing down the growth to a certain extent. About company information- Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. |