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Acrylic Resins: Global Strategic Business Report

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    Report

  • 198 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 362139

Global Acrylic Resins Market to Reach $25.2 Billion by 2030

The global market for Acrylic Resins estimated at US$16 Billion in the year 2022, is projected to reach a revised size of US$25.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Methacrylates, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$10.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acrylates segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 9.5% CAGR

The Acrylic Resins market in the U.S. is estimated at US$4.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Select Competitors (Total 52 Featured) -

  • Altuglas International
  • Anderson Development Company Inc.
  • Arkema Group
  • Arkema Inc.
  • Asahi Kasei Corporation
  • BASF SE
  • DIC Corporation
  • Dow Inc.
  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Kaneka Corporation
  • Kuraray Co. Ltd.
  • LG Chem Ltd.
  • Lotte Chemical Corporation
  • Lucite International
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals Inc.
  • Nippon Shokubai Co. Ltd.
  • Plaskolite Inc.
  • PPG Industries Inc.
  • Reichhold Inc.
  • Royal DSM N.V.
  • Solvay S.A.
  • Sumitomo Chemical Co. Ltd.
  • Unigel S.A.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Prelude
  • Recent Market Activity
  • Acrylic Resins - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Arkema S.A. (France)
  • Altuglas International (USA)
  • Arkema, Inc. (USA)
  • Asahi Kasei Corporation (Japan)
  • BASF SE (Germany)
  • DIC Corporation (Japan)
  • DowDuPont, Inc. (USA)
  • Evonik Industries AG (Germany)
  • Formosa Plastics Corporation (Taiwan)
  • Kaneka Corporation (Japan)
  • Kuraray Co., Ltd. (Japan)
  • LG Chem Ltd. (South Korea)
  • Lotte Chemical Corporation (South Korea)
  • Mitsubishi Chemical Corporation (Japan)
  • Lucite International (UK)
  • Mitsui Chemicals, Inc. (Japan)
  • Anderson Development Company, Inc. (USA)
  • Nippon Shokubai Co., Ltd. (Japan)
  • Plaskolite, Inc. (USA)
  • PPG Industries, Inc. (USA)
  • Reichhold, Inc. (USA)
  • Reichhold, Inc. (USA)
  • Solvay S.A. (Belgium)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Unigel S.A. (Brazil)
3. MARKET TRENDS & DRIVERS
  • Acrylic Acid Market to Maintain Growth Momentum
  • Superabsorbent Polymers: Driving Demand for Acrylic Acid in Emerging Countries
  • Methyl Methacrylate - A Growing Market Driven by Downstream Applications
  • Bio-based Acrylic Resin: Potential to Develop Sustainable Solutions for Medical Sector
  • Resins Market Going Green
  • Pressure Sensitive Adhesives Propel Growth of Acrylic Resins
  • Environmental Legislation - Coatings Industry Comes Under Close Scrutiny
  • Paints & Coatings: The Largest End-Use Market for Acrylic Resins
  • Favorable Prospects for Coatings: Opportunities for Acrylic Resins Market
  • Acrylic Surface Coatings: Positive Growth Prospects
  • Textile Industry: Recovery to Boost Acrylic Resins Consumption
  • Rising Demand for Synthetic Fibers to Drive Growth
  • Acrylic Fibers and Textiles - A Peek into Current and Future Market Prospects
  • Acrylonitrile: The Raw Material
  • New Applications & Eco-Friendly Adhesives: Opportunities for Acrylic Resins Market
  • Acrylics in Paper & Paperboard Market: Influenced by Industrial Production Activity
  • Acrylic Resins Demand in Plastics Industry: An Overview
  • Growth Prospects Closely Tied to Global Economic Situation
  • Stable Economic Scenario to Augment Market Prospects
  • Construction Industry: Recovery to Stimulate Demand for Acrylic Resins
  • Building Renovations & Remodeling: A Key Revenue Contributor
  • Growth in Automotive Production Augurs Well for Acrylic Resins
  • Competitive Scenario
  • MMA - A Highly Concentrated Market
  • New Capacity Additions on the Anvil Offer Hope
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Acrylic Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Acrylic Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Acrylic Resins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Methacrylates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Methacrylates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Methacrylates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Acrylates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Acrylates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Acrylates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Hybrids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Hybrids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Hybrids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Paints & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Paints & Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Paper & Paperboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Paper & Paperboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Paper & Paperboard by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Adhesives & Sealants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Adhesives & Sealants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Adhesives & Sealants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Textiles & Fabrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Textiles & Fabrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Textiles & Fabrics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Acrylic Resins Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Acrylic Resins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Altuglas International
  • Anderson Development Company Inc.
  • Arkema Group
  • Arkema Inc.
  • Asahi Kasei Corporation
  • BASF SE
  • DIC Corporation
  • Dow Inc.
  • Evonik Industries AG
  • Formosa Plastics Corporation
  • Kaneka Corporation
  • Kuraray Co. Ltd.
  • LG Chem Ltd.
  • Lotte Chemical Corporation
  • Lucite International
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals Inc.
  • Nippon Shokubai Co. Ltd.
  • Plaskolite Inc.
  • PPG Industries Inc.
  • Reichhold Inc.
  • Royal DSM N.V.
  • Solvay S.A.
  • Sumitomo Chemical Co. Ltd.
  • Unigel S.A.

Table Information