The Acrylic Resins market is expected to cross-market value of USD 23,125 million in 2027, which was USD 16,300 million in 2020. It is expected to exhibit a moderate CAGR of over 5.15% over the forecast period.
Acrylic resins are thermosetting plastic or thermoplastic synthesized from many methacrylic and acrylic ester monomers. Some acrylic resins, which have a low monomer, also have other functional groups. This report titled “Global Acrylic Resins Market” from Credence Research offers detailed and accurate insights into this industry.
Key Market Drivers and Restraints
This report covers a detailed analysis of major growth driving factors of the Acrylic Resins market. It also discusses the key factors affecting market growth for the Acrylic Resins industry and also helps to identify the key growth pockets.
Impact of COVID 19
COVID 19 has highly impacted the revenue generation of the acrylic resin market. During the COVID 19 scenario, various countries have imposed rules for product and goods exchange. Also, strict rules implied working at particular construction sites and industries. However, slowly and steady development of various countries is expected to bring normalcy to the demand of the acrylic resin market.
The Asia Pacific dominates the global Acrylic Resin market
The global Acrylic Resins market covers six regions with all major economies pertaining to it. The global Acrylic Resins market report from Credence Research offers detailed insight into key regional markets. The Asia Pacific dominated with over 35% share in 2020.
Global Acrylic Resins Market is led by the Paints and coatings applications
Based on application, the acrylic resin market is segmented into paints & coatings, adhesives & sealants, DIY coatings, elastomers and others. Paints and coatings segment is expected to dominate the acrylic resins market. Increase in infrastructure development and demand for interior designing is expected to drive the paint and coatings segment.
Building & construction continue to dominate the global demand for Acrylic Resins
Global acrylic resins market is segmented based on end-user industries such as building & construction, industrial, paper & paperboard, consumer goods, electrical & electronics, packaging and others. Building & construction is expected to dominate the end user industry segment of acrylic resin market owing to the rise in urbanization and various government initiatives for development of emerging countries.
Frequently asked questions about global Acrylic Resins industry
The report offers in-depth consequences of COVID 19 on global Acrylic Resins industry
This report enlists the top five players on the basis of volume as well as revenue
This report provides details of fastest growing application market for Acrylic Resins industry
The report highlights most dominating as well as fastest growing economies for Acrylic Resins industry
The global Acrylic Resins market report provide CAGR from 2021 to 2027
