The global acrylic resins market is estimated to grow at a CAGR of nearly 4.0% during the forecast period. The major factors contributing to the market growth include significant application in paints and coatings and emerging infrastructure development projects. In the coatings industry, coatings using acrylic resins is considered as the major polymer technology. Acrylics have applications in special-purpose coating, architectural coatings, and product finishes for automotive (OEM) and refinish. These resins are especially based on methacrylate and acrylate monomers that offer better weather resistance, retention of gloss and color in exterior applications, and resistance to hydrolysis.
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Owing to their performance and versatility, acrylic coatings have a potential share in all coatings. It can be thermoset or thermoplastic and are used in radiation-curable, organic solvent born, and waterborne coatings. Generally, thermoplastic acrylic polymers contain excellent properties such as superior durability. Thermoplastic resins normally utilize methyl methacrylate in polymers to offer excellent exterior durability and toughness. Acrylic can work in combination with a range of monomers to offer increased adhesion to metal. Several acrylic resins may also comprise other vinyl monomers including vinyl acetate or styrene, particularly for cost reduction.
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Acrylic resins used in restorative dentistry are renowned denture base material, as it possesses good optical properties and has small solubility in body fluids. However, its mechanical properties are limited, and thus acrylic resins need several reinforcement methods of which one can be used in different types of fibers. Solvent-borne paints are the major application areas of acrylic resins developed by solution polymerization. Further, acrylic polymer offer paints excellent stain, chemical, and weather resistance that provides durable high gloss and bright finishes. It is also significantly used in paints for construction materials, home appliances, and metals such as plastics for automobiles. Therefore, increasing residential and commercial construction is also a major factor in encouraging the demand for acrylic resins. However, the availability of other potential alternatives is a major restraining factor for the market growth.
Market Segmentation
Global Acrylic Resins Market by Type
• Acrylate
• Methacrylate
• Hybrid
Global Acrylic Resins Market by Application
• Paints and Coatings
• Plastics
• Construction
• Textile
• Consumer Goods
• Adhesives
Others
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Air Products and Chemicals, Inc.
• Arkema S.A.
• Asahi Kasei Corp.
• BASF SE
• Cargill, Inc.
• DIC Corp.
• Eastman Chemical Co.
• Evonik Industries AG
• Henkel AG & Co. KGaA
• Hexion Inc.
• Hitachi Chemical Co., Ltd.
• Kamsons Chemicals Pvt. Ltd.
• Mitsubishi Chemical Corp.
• Mitsui Chemicals, Inc.
• Nippon Shokubai Co., Ltd.
• Novozymes A/S
• Solvay S.A.
• Sumitomo Chemical Co., Ltd.
• The Dow Chemical Co.
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