Global Acrylic Resin Market, 2016–2024: Industry Size, Share and Forecast
Zion Market Research, the market research group announced the analysis report titled ‘Acrylic Resin Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Acrylic Resin Market: Overview
A group of related thermosetting plastics or thermoplastics primarily derived from acrylic acids is known as acrylic resin. Acrylic acid is the main raw material in the production of acrylic resin. Methyl methacrylate dominates the acrylic resins market. Acrylic resins are used in paints and coatings industry as they provide the glossy finish for residential and commercial constructions, for decorative coatings, and DIY (do-it-yourself) coatings. The major application of the acrylic resin is in the paint and coatings industry. In the construction industry, acrylic resin is used for glazing, light fixtures, and in sanitary wares. Use of acrylic resin is also visible in manufacturing automotive interiors, exterior panels, and instrument clusters. A varied use for acrylic resin is visible and hence there is a general growth in its demand in the market globally.
Request Free Sample Report @ https://www.zionmarketresearch.com/sample/acrylic-resin-market-global-industry-analysis-size-share
Global Acrylic Resin Market: Segmentation
The global acrylic resin market can be segmented on the basis of its raw materials, a property of solvency, application, and the regions. The market for acrylic resin is segmented by raw material of products as methacrylates, acrylates, hybrids, and others. On the basis of the type of solvency, the acrylic resin market is divided into solvent-borne, water-borne and solids. Application-based segmentation of acrylic resin market can be seen through its utilization in paints and coatings, industrial and commercial, construction, paper and paperboard, plastics, textile and fibers, and adhesives. The acrylic resins market is diversified into regions such as Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Global Acrylic Resin Market: Growth Factors
There has been a significant growth in the acrylic resins market in the past few years and this growth is expected to persist in the coming years. A major portion of this growth is from the developing countries. The development in the acrylic resin market can be contributed to the growth in the automobile industry, construction industry, increased consumption in the commercial segments and paints and coating industry. Also, macroeconomic factors such as VOC regulations in Western countries, shift from solvent-borne to waterborne, industrial development in the developing countries will direct the growth in certain markets. The challenges faced by the market participants are mainly in the form of volatile raw material prices and growing environmental concerns degradability of plastics.
Request Report TOC (Table of Contents) @ https://www.zionmarketresearch.com/toc/acrylic-resin-market-global-industry-analysis-size-share
Global Acrylic Resin Market: Regional Analysis
The largest market for acrylic resin is visible in Asia. Asia Pacific, Europe, and North America have been dominating the acrylic resins market globally. Moderate growth in the acrylic resins market will be revealed in the regions of the U.S., Western Europe, and China due to increasing in the consumption of acrylic resins in sectors such as automotive, construction, and sign/display markets. Consumption of acrylic resins is predicted to be the fastest in Africa. The demand in the market is increasing and will continue to increase in developing nations such as Brazil, India, and Mexico. In the regions such as India and China, there are flexible regulations by the government and they have supported the market growth in the form of tax relief.
Global Acrylic Resin Market: Competitive Players
Some of the leading players in the acrylic resin market are The DOW Chemical Co., Air Products and Chemicals, Inc., Nippon Shokubai Co., Ltd., DIC Corporation, Hitachi Chemical Co., Ltd., Cargill, Novozymes, Eastman Chemical Company, BASF SE, Arkema SA, Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals Inc., Evonik Industries, and Solvay.
Global Acrylic Resin Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Inquire more before buying this report @ https://www.zionmarketresearch.com/inquiry/acrylic-resin-market-global-industry-analysis-size-share
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
4283, Express Lane,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]