Report Ocean has recently released a comprehensive research report on the global Acrylic Resin Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Acrylic Resin Market is valued approximately at USD $$ billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.4 % over the forecast period 2020-2027.
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A thermoplastic or thermosetting plastic substance derivative of acrylic acid, methacrylic acid or other related compounds is known as an Acrylic resin, which is widely used in paints & coatings, construction, industrial & commercial, Adhesives. The factors driving the market could be attributed to the diverse properties acrylic resin possesses like water and weather resistance, durability, transparency, adherability. Swift urbanization and industrialization especially in emerging economies globally have prompted governments to amplify construction spending. This trend is expected to drive acrylic resin demand in construction and architectural applications.
In fiscal year 2019, Asian paints, recorded sales of USD 70 Billion owing to such unique perceived benefits acrylic resins are used in a variety of things such as cellular phones, aircraft windshields, watch crystals, optical lenses, PC screens. In addition to that, Automotive industry’s reliance upon acrylic resin to provide smooth & glossy finish to the vehicles will also boost the market growth. In a report by The International Energy Agency’, approximately 90 million vehicles were sold worldwide in 2018. However, the market faces restraints due to the rising concerns about the health hazards related to the procurement of raw materials and their unstable prices, along with environmental regulations, remarkably in the advanced western countries.
The regional analysis of global Acrylic Resin market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share due to their requirement for acrylics in applications like paints and coatings, constructions. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing swift urbanization and industrialization would create lucrative growth prospects for the Acrylic Resin market across Asia-Pacific region.
Major market player included in this report are:
- Beyond Meat
- BASF SE
- The DOW Chemical Co.
- Arkema SA
- Air Products and Chemicals Inc.
- Formosa Plastics Corporation
- Nippon Shokubai Co., Ltd.
- Mitsubishi Chemical Holdings Corporation
- DIC Corporation
- Momentive Specialty Chemicals Inc.
- Hitachi Chemical Co., Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Methacrylate’s
Acrylates & Hybrids
By Property
Thermoplastic
Thermosetting
By Application
Paints & Coatings
Construction
Industrial & Commercial
Paper & Paperboard
Textiles & Fibers
Adhesives
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Here are the key questions addressed in the report:
- What is the potential for growth in the Acrylic Resin market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the Acrylic Resin industry?
- What are the major challenges that the Acrylic Resin Market may face in the future?
- Who are the leading companies in the Acrylic Resin Market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the Acrylic Resin Market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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