Acrylic Resins Market

Acrylic resins are used in various industries, including automotive and medical. Acrylic resins are also one of the most versatile types of plastic, making them a popular choice for many applications.

The market is divided into two types: UV-resistant acrylic resins and non-UV-resistant acrylic resins. In addition, the market is classified into architectural paints, flooring paints, adhesives and sealants, and other applications. Due to high growth rates in emerging economies such as India and China, Europe is expected to lead the global acrylic resin market in share.

The acrylic resin market is classified according to type. The market is further divided into natural and synthetic products. Because of its high performance, favorable environmental awareness, and low production costs, the natural acrylic resins segment dominates the market. On the other hand, the synthetic acrylic resins segment is expected to grow faster due to its improved performance and lower manufacturing costs.

North America is expected to grow at a **% CAGR during this period, owing primarily to increased demand from end users such as automotive manufacturers and construction firms. However, Asia-Pacific and South America will have more competition from other regions, which will make it harder for different areas, especially Europe, where market growth is expected to be lower, to grow.

Because of their improved performance properties, such as heat tolerance, chemical resistance, dimensional stability, and low cost, acrylic esters are gaining popularity. These resins are primarily used in specialized applications such as automotive parts, medical devices, and electronic components.

BASF SE (Germany), Dow Chemical Co. (US), DuPont Pioneer (US), AkzoNobel N.V. (Netherlands), SABIC Innovative Plastics (Saudi Arabia), and Mitsubishi Chemical Corporation are some of the key players in the global acrylic resin market (Japan).