[FURL=https://www.industryarc.com/Report/15330/acrylic-resin-market.html]Acrylic Resins Market[/FURL] is forecast to reach $24.43 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. The excellent chemical properties and special aesthetic properties of acrylic resin make it a very useful commodity for a wide range of applications. Macroeconomic determinants such as volatile organic compounds ordinances in a variety of countries, displacement from solvent-borne to water-borne applications, and technological development in developing nations would also contribute to a rise in particular markets.Key Takeaways
APAC dominates the Acrylic Resins market owing to Rapid urbanization and industrialization, especially in emerging economies such as China, and India has prompted governments to increase construction spending. This development is expected to boost demand for acrylic resin in building and architectural applications.
Moreover, the ongoing M&A activities among suppliers would further cater to the growth in Global Acrylic Resins Market.
Surging R&D activities are some of the opportunities which are expected to fuel the market.
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Acrylic Resins Market Segment Analysis - By Type
Thermoplastic Acrylic Resins held the largest share in the Acrylic Resins market in 2019. Polymers that make up the resin do not contain any reactive group. Thus, polymer chains are not cross-linked in these resins. High molecular weight polymers are used to enhance interaction between different polymer chains. Thermoplastic resins are typically softened and can be reshaped as temperature rises. This property makes these resins suitable for some industrial processes, such as injection molding, compression molding or extrusion. The key uses of these resins include inks and adhesives.
Acrylic Resins Market Drivers
Advance Properties will drive the market
Acrylic resins are weather and hydrolysis resistant, have a glossy exterior appearance and provide color consistency and adherence. Because of these special perceived advantages, they are used in a variety of items such as mobile phones, aircraft windshields, watch crystals, optical lenses, PC displays, paper and fiber processing binders, outdoor signs, headlights, dishes, floor waxes, lighting fixtures, piano keys and so on. The rapid expansion of such end-use industries, especially the automotive industry, is expected to provide a significant boost to the global acrylic resin market.
Acrylic Resins market has been consolidated by the top five players accounting for xx% of the share. Major players in the Acrylic Resins market are BASF SE, Dow Chemical Company, Arkema S.A, Mitsubishi Chemical Holdings Corporation, Hitachi Chemical Co. Ltd. and Others.
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