Acrylic Resins Market by Product (Acrylates, Methacrylates, Hybrid), by Application (Paints & Coatings, Building & Construction, Adhesives & Sealants, Plastics, Textiles & Fibers, Paper & Paperboard, Others), by By Geography (North America), by Europe (Germany, U.K., France, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, ASEAN, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by The Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2024-2032
The global acrylic resins market is projected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.1%.Hydrogen acrylic resins are the latest-developed polymers, and they are made by the incorporation of hydrogen into the molecular structure of conventional acrylic resins. These resins are famous for their chemical resistance, their outstanding adhesion abilities, and their durability, which is more than words. The outstanding homogenous feature of the car is its weather resistance, so it is perfect for outdoor applications where long-term exposure to the elements is a problem. Hydrogen acrylic resins are also known for their high transparency and gloss, which they maintain for the entire duration of their lifespan, so they remain appealing for a long time. The hydrogen acrylic resins have several benefits, which can be numerous. They are strong enough to function against UV radiation; consequently, the chances of degradation and discoloration are very low. The feature of polymers being flexible and tough makes them the best choice for a lot of industrial applications like car coatings, protective finishes, and building coatings. Besides, these resins are also the new materials that are capable of handling chemicals and solvents better; hence, they are the ones that are most used in tough environments. Hydrogen acrylic resins are innovations in the field of polymer technology, and they are very resilient, versatile, and have aesthetic qualities for different commercial and industrial uses.
Growth in downstream industries: Acrylic resins are used in various downstream industries, such as paints and coatings, construction, and plastics, which are witnessing steady growth. Rising demand for eco-friendly materials: Acrylic resins offer environmentally friendly alternatives to traditional materials, driving their adoption in the building and construction industry.
Product:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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