Acrylic resins, manufactured by the polymerization of acrylates or methacrylates, find use in several applications
ranging from paints and coatings to automotive and construction. Demand for
acrylic resins is dependent on the health
of the economy and dynamics in various
end-use and downstream markets such
as paints and coatings, textiles, paper
and adhesives in addition to detergents,
personal care products, superabsorbent
polymers, and wastewater treatment
chemicals, among others. In the coming
years, global acrylic resins market is expected to register steady growth driven
by recovering economic climate, and increasing demand from end-use industries
such as construction, electronics and automotive sectors. Despite the opportunities for growth, the market will witness
challenges manifested in the form of rising cost of raw materials, and increasingly stringent environmental regulations.
In the paints industry, for instance, the
strong shift towards low-odor and low-VOC paints is exerting increased pressure on manufacturers to innovate and
manufacture nontoxic, environmentally
friendly acrylic resins.
The research report titled “Acrylic
Resins: A Global Strategic Business
Report” announced by Global Industry
Analysts Inc., provides a comprehensive
review of market trends, issues, drivers,
mergers, acquisitions and other strate-
gic industry activities of major players
worldwide. The report provides mar-
ket estimates and projections for all
major geographic markets such as the
US, Canada, Japan, Europe (France,
Germany, Italy, UK, Spain, Russia and
Rest of Europe), Asia-Pacific (China,
India, South Korea and Rest of Asia-
Pacific), Latin America (Mexico and
Rest of Latin America) and Rest of
World. Product segments analyzed in-
clude Acrylates and Methacrylates. End-
use segments analyzed include Paints &
Coatings, Paper & Paperboard, Plastics,
Adhesives, Construction, Textiles &
Fibers and Others.
As stated by the new market re-
search report on Acrylic Resins, Asia-
Pacific represents the largest and the
fastest growing market, worldwide.
Consumption is expected to be strong
across Southeast Asia due to increasing
demand for acrylic resins in automotive
and construction sectors, and in manu-
facturing LCD TVs. Countries such as,
India, China, Indonesia, and Thailand,
are expected to provide maximum
growth opportunities for manufacturers.
China’s burgeoning population, rising
disposable income and steady economic
growth will continue stimulating de-
mand for acrylates in major sectors in-
cluding textile, paint, leather, chemical
fiber, and adhesives. The United States,
Canada, Japan, and Europe are expected
to record relatively lower growth due to
maturity of various end-use markets, ris-
ing raw material prices and legislation of
stringent environment regulations.
Acrylic monomers such as acrylates
and methacrylates are primarily used
as the base resin for coating systems.
Methacrylates represents the largest
product market. Methacrylates are used
to impart specialized properties such
as flexibility, hardness, color stability,
and weatherability to the end-product.
Acrylates market is poised to grow at a
CAGR of 4. 8 percent over the analysis
period. Paints & Coatings represents the
largest end-use market for acrylic resins,
while fastest growth is anticipated from
Paper & Paperboard segment. Of all the
synthetic resins used in paints and coat-
ings, vinyl acrylic copolymers and acrylic
esters are the major resins with primary
applications in architectural paints. China
and India supported by robust construc-
tion activity, and the ensuing increase
in demand for resins used in paints and
coatings, will drive growth in the market.
Major players covered in the report
include Air Products and Chemicals Inc.,
Arkema S.A., Asahi Kasei Corporation,
BASF SE, DIC Corporation, The Dow
Chemical Company, Eastman Chemical
Company, E.I. du Pont de Nemours and
Company, Evonik Industries AG, Formosa
Plastics Corp. U.S.A., Henkel AG & Co.
KGaA, Kaneka Corporation, Kuraray
Co. Ltd., LG Chem Ltd., Mitsubishi
Rayon Co. Ltd., Mitsui Chemicals Inc.,
Momentive, Nippon Shokubai Co. Ltd.,
Royal DSM N.V., Solvay and Sumitomo
Chemical Co. Ltd., among others.
Asia-Pacific Biggest Market
of UV Curable Resins for
Coatings and Inks
Asia-Pacific is the world’s largest and
fastest-growing market of UV curable
resins, which consumed more than half of
the total global demand, and also a major consumer of radiation/energy curable
products. China and Japan are the key
consumers of UV curable resins in Asia-Pacific, while countries including South
Korea and Taiwan though have comparatively small consumption levels, are
crucial countries in terms of production.
Electronics and industrial coating end-use
segments are driving the demand for high-performance coatings, inks, and adhesives, which in turn is pushing the demand
for UV curable resins within the region.
Intensified efforts of various regulatory
authorities to promote environment-friendly products have led to innovation
and developments in the industry, making it a strong hub and the most potential
growth market for UV curable resins and
its products. The Indian market, being a
very price competitive market, has very
small consumption levels of UV curable
resins but as per the industry experts, the
potential of the Indian market can never
be undervalued, and once the need for
performance products will catch pace,
the consumption of UV curable resins
and its products will grow significantly.
“Coatings - The biggest & fastest growing application segment; and industrial
Increased Demand from End-Use Industries
Drives the Global Acrylic Resins Market
