The global solvent-based thermosetting acrylic resin market is expected to grow with a CAGR of 5.3% from 2025 to 2031. The major drivers for this market are the rising demand for durable coatings in automotive, the growing adoption in the furniture and architectural coatings, and the increasing need for high-performance coatings with excellent weather.
The future of the global solvent-based thermosetting acrylic resin market looks promising with opportunities in the automotive coating, marine paint, optical adhesive field, and architectural paint markets.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
The future of the global solvent-based thermosetting acrylic resin market looks promising with opportunities in the automotive coating, marine paint, optical adhesive field, and architectural paint markets.
- The publisher forecasts that, within the type category, epoxy resin is expected to witness the highest growth over the forecast period due to the increasing demand and its excellent adhesion.
- Within the application category, automotive coating is expected to witness the highest growth due to the rising demand and the high volume of vehicle production.
- In terms of region, APAC is expected to witness the highest growth over the forecast period due to the expanding manufacturing base.
Emerging Trends in the Solvent-based Thermosetting Acrylic Resin Market
The solvent-based thermosetting acrylic resin market is developing alongside industrial and consumer changes along with technology. Here are five key aspects of changes in demand that are important for the market:- Sustainability Matters: As people become more environmentally conscious, the market is introducing greener formulations and resins with low VOC emissions, leading to changes in the expenditure made toward environment-friendly approaches. To satisfy the regulations and consumer needs, companies are making changes to their production processes by implementing greener approaches and using sustainable supplies. This sustainable change in the market is remaking it as both consumers and companies want products that are less harmful to the environment, urging manufacturers to meet the demand by producing sustainable resins that are of acceptable quality.
- Technological Innovation on the Development of New Resin Formulations : Solvent based thermosetting acrylic resins are receiving enhanced improvements for their performance characteristics due to new innovations. Innovations have concentrated on increasing the durability, scratch resistance, adhesion, and UV stability of coatings intended for automobiles and other industrial applications. Market expansion for these areas is growing because industries want more coatings that are esthetically pleasing while enduring harsh conditions and meeting extreme demands. There is a new adoption of resin formulations with better characteristics, henceforth new growth prospects.
- Increase in Demand from the Automotive Industry: The automotive industry has been growing rapidly post-pandemic, which has led to increased growth in the solvent-based thermosetting acrylic resin market. Vehicle manufacturers now need coatings for the interior and exterior parts of vehicles, which increases the demand for high-performance coatings. This is leading manufacturers to develop new formulas that provide scratch resistance, enhanced durability, and corrosion resistance. The demand for these resins is likely to grow with the emerging markets in the automotive industry.
- Move towards Water-based and Low VOC Solutions: Due to an increase in environmental regulations, the market has been moving towards more low VOC and water-based options instead of the solvent-based ones. These options have the same effectiveness as the traditional method but with lower emissions. This is more pronounced in Europe and North America due to their strict regulations. With new sustainable products being developed, there is a move toward eco-friendly formulations as manufacturers try to meet the increasing demand.
- The Construction Sector's Growth: The construction industry across the world is growing, and this growth is increasing the need for solvent-based thermosetting acrylic resins in the manufacturing of protective coatings for residential and commercial buildings. These coatings are necessary for any structure designed to last, for they protect surfaces from elements like weathering, corrosion, and wear. An increase in urbanization, especially in developing countries like India and China, increases the need for protective coatings, and this will be more positive for market growth
Recent Developments in the Solvent-based Thermosetting Acrylic Resin Market
The latest changes in the use of solvent-based thermosetting acrylic resin market show the changes in the requirement of the commercial world as well as the technological advancements everyone has made in sustainability and resins. These changes are the bottom line:- Focusing on the Development of Eco-Friendly Products and Other New Product Innovations: There is a clear trend amongst manufacturers of solvent-based thermosetting acrylic resins toward the creation of lower VOCs and more environmentally friendly formulations. These new formulations of the products are expected to lower emissions and, at the same time, maintain the high industrial coating performance standards. The movement of governments towards more environmentally sustainable policies is stimulating growth, which further enhances the change.
- Improvements in Toughness and Weather Endurance: Recent studies in coatings and resin technology have tried to improve their durability, scratch resistance, and toughness to abrasive weather. Innovations in resin formulations have made coatings that perform extremely well in tough weather conditions, hence giving maximum protection to vehicles, buildings, and industrial machinery. These developments are essential in the automotive and construction industries, where performance is crucial.
- Embracing Water Based Alternatives: The shift to water based resins instead of traditional solvent based ones is increasing due to their environmentally friendly nature. Water based thermosetting acrylic resins are advantageous in areas that have low VOC emissions as they work well and are friendly to the environment. This change is influencing the market because more businesses and industries are adopting sustainable solutions.
- Increase in Use for Automotive Coatings: Thermosetting acrylic solvent-based resins are being increasingly used for automotive coatings since they have good adhesion, gloss retention, and weather resistance. Manufacturing companies are coming up with new mixtures for the exteriors and interiors of automobiles to meet the coating needs of the automotive industry. The increasing demand for high-performance coatings in the automotive industry is pushing for faster changes in the formulation of the resin.
- Focusing More on Recycling and the Circular Economy: There is increasing attention toward making thermosetting acrylic resins more recyclable as sustainability becomes a core focus. Brand owners are seeking ways to make coatings more sustainable and foster a circular economy where coatings can be recycled or reclaimed. This is causing a shift in the market as an emphasis on sustainability continues to grow, triggering the creation of eco-friendly resins.
Strategic Growth Opportunities in the Solvent-based Thermosetting Acrylic Resin Market
There are numerous strategic growth prospects in the solvent-based thermosetting acrylic resin market, especially in regions that will expand in subsequent years. These are driven by market forces, technological changes, and growing needs for performance coatings. The following are the five key areas:- Automotive Coatings: The automotive sector is still one of the biggest markets for solvent-based thermosetting acrylic resins, especially in external and internal automotive coatings. The growing production of vehicles, together with the need for advanced protective coatings that mitigate weathering and corrosion, presents a significant opportunity. There is potential to increase market share by producing resins with enhanced gloss, scratch resistance, and durability.
- Construction Industry: The thermosetting solvent-based acrylic resin polymer coating market is likely to be driven by the rising need for modernization and infrastructure development in developing countries. The increasing urbanization enhances spending on infrastructure and increases the use of permanent coatings to protect structures. Solvent-based thermosetting acrylic resins play an essential role in achieving protective coatings for residential, commercial, and industrial buildings. This forecast indicates an excellent opportunity for manufacturers to develop performance coatings that withstand harsh weather and degradation.
- Coatings for Industrial Equipment: The industrial segment, which comprises machinery, equipment, and heavy-duty vehicles, requires coatings that withstand high temperatures and harsh conditions. Solvent-based thermosetting acrylic resins are the best withstanding protective coatings against corrosion, abrasion, and UV rays. There is an opportunity for growth within this segment, as industries expand internationally and require coatings with superior quality for their products
- Packaging Uses: The opportunity for growth of solvents based thermosetting acrylic resins is particularly strong because of the protective coatings used in packaging materials, especially in the food and beverage industry. In packaging, these resins can improve durability, increase gloss, and make the surface scratch resistant, therefore providing better protection and extending the shelf life of the products. This is exceptionally noted in the fast-moving consumer goods (FMCG) sector.
- Marine Coatings: There is an increase in the need for ship protection and anti-corrosive measures, leading to a growth in the global market for coatings used in marine applications. Solvent-based thermosetting acrylic resins are best suited for marine coatings as they are greatly resistant to harsh weather elements, including saltwater and UV exposure. Increased levels of shipping and marine transport activity represent a significant growth opportunity for manufacturers in this industry.
Solvent-based Thermosetting Acrylic Resin Market Driver and Challenges
The solvent-based thermosetting acrylic resin market has many drivers and challenges that could either assist or inhibit the industry's growth and development. Economic conditions, rules and legislation, and technological innovations determine the market’s structure and functionality. We will discuss the main drivers and constraints for the market below.The factors responsible for driving the solvent-based thermosetting acrylic resin market include:
- Increase in Machinery and Industrial Equipment Demand: A major factor in the rise in demand for durable, high-performance coatings in industries like automotive, construction, and industrial equipment is the increased demand for solvent-based thermosetting acrylic resins. Solvent-based thermosetting acrylic resins have great resistance to UV light, chemicals, and abrasion, so they are ideal for use in applications that are built to last. This is particularly true in many industries that apply protective coatings to machinery, vehicles, and infrastructure.
- Increased Investment in Automotive and Industrial Sectors: With respect to exterior and interior coatings, the automotive industry is the leading market for solvent-based thermosetting acrylic resins. The increasing economic activity in the emerging auto and industrial sectors drives the demand for high-quality coatings. As these industries grow, there is an increased need for aesthetically appealing and environmentally durable coatings. These developments add to the demand for thermosetting acrylic resins.
- Resin Formulations Technology Advancements: The performance features of solvent-based thermosetting acrylic resins have improved due to innovations in resin chemistry and formulation technologies. Improvements in curing times along with other factors such as gloss retention and resistance to harsh environmental factors also improved. The increasing market demand for resin formulation in the aerospace, automotive, and construction industries is fueling further development because as these industries grow, their requirements evolve.
- Green Trends and Sustainability: Sustainability has emerged as a major market driver, owing to consumer and industrial demands for greener products. Stricter consumer regulations also put pressure on manufacturers to create low VOC (volatile organic compounds) products to lessen the environmental impact of solvent-based goods. Innovations in resin formulation to alter them for more eco-friendly solutions aid manufacturers in achieving sustainability, thus creating further market growth.
- Urban Development and Infrastructure Expansion: The increase of urbanization in emerging economies, especially the focus on infrastructure development, is one of the reasons for the increase in demand for construction-grade high-performance coatings. They are also the reason for expected growth in this market segment as construction activity around the world increases. Solvent based thermosetting acrylic resins are ideal products for buildings, roads, bridges, and other infrastructure projects as they offer excellent weathering and degradation protection.
Challenges in the solvent-based thermosetting acrylic resin market are:
- Competitors in the environment as well as Regulatory Concerns: One of the most problematic aspects that directly concerns solvent-based thermosetting acrylic resin is the growing concern about these products from an environmental point of view. In particular, manufacturers are focusing their attention on guidelines and limits set on emissions and the use of volatile organic compounds (VOCs) and other undesired substances. Meeting these metrics and guidelines requires constant innovation, which can be quite costly for smaller manufacturers. That being said, investment in research and development is crucial if businesses wish to comply with these new standards and stay profitable.
- Changing Costs of Raw Materials: Due to issues with the supply chain, geopolitical relations, and overall market demand, the costs of the main structural components, including solvents and acrylic acid, change tremendously. The economics of solvent-based thermosetting acrylic resins are more complex and sensitive than rigid structures. Production costs can be altered by competition or even changes in the state of the economy, as well as natural resource availability. The effective management of such costs can be particularly problematic during economically difficult times or when essential materials are in short supply.
- Competition from Water-based and Hybrid Resins: The arrival of water-based and hybrid resins presents a competition for the market of solvent-based thermosetting acrylic resins. These products not only give similar performance results but are more environmentally friendly due to having a lower VOC content. As industries and consumers shift towards greener products, the use of water-based alternatives will greatly diminish the use of solvent-based thermosetting acrylic resins, especially for applications with more stringent environmental requirements.
List of Solvent-based Thermosetting Acrylic Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solvent-based thermosetting acrylic resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the solvent-based thermosetting acrylic resin companies profiled in this report include:
- BASF
- DOW
- Nippon Shokubai
- Arkema
- Eternal Materials
- Mitsubishi Chem
- Soken
- Sanmu
- Covestro
- DIC
Solvent-based Thermosetting Acrylic Resin Market by Segment
The study includes a forecast for the global solvent-based thermosetting acrylic resin market by type, application, and region.Type [Value from 2019 to 2031]:
- Melamine Resin
- Epoxy Resin
- Polyamide Resin
- Others
Application [Value from 2019 to 2031]:
- Automotive Coating
- Marine Paint
- Optical Adhesive Field
- Architectural Paint
- Others
Region [Value from 2019 to 2031]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Country Wise Outlook for the Solvent-based Thermosetting Acrylic Resin Market
Recently, the market for solvent-based thermosetting acrylic resins has made substantial progress. These resins are becoming more common in the automotive, construction, and industrial coatings sectors due to their versatile application and the growing need for high-performance and durable coatings. Sustainability efforts, as well as technological changes, have also modified production methods and the range of product designs. The United States, China, Germany, India, and Japan are emerging in this market, and each country is facing changes depending on local demands, environmental rules, and modern technologies.- United States: Because of its developed automotive and construction industries, the United States has historically been the largest market for solvent-based thermosetting acrylic resins. In the United States, there is a growing demand for coatings that are tough, durable, and can stand adverse weather conditions. This is a particular requirement in the automotive industry, where the coatings need to be both aesthetically appealing and protective in nature. Stricter environmental standards are forcing American companies to focus on the development of low VOC products, which helps reduce emissions. Alongside this, new resin technologies are being introduced that improve the adhesion, durability, scratch resistance, and overall performance of the resin in industrial applications.
- China: In Manufacturing. In China, the market for solvent-based thermosetting acrylic resin is steadily increasing due to the growth of the country’s manufacturing and industrial segment. Specifically, the construction industry is driving the need for multifunctional coatings for both residential and commercial structures. The infrastructural development and urbanization of China are increasing the consumption of these resins. Still, the country is looking for more eco-friendly options because of the environmental problems. Chinese suppliers are adopting more and more lower VOC water-borne resins because of the new stringent environmental laws. Changes in technology in the formulation of resins are improving the properties and quality of the coatings and making China competitive in the international market.
- Germany: The German market is also projected to expand for solvent-based thermosetting acrylic resins in the automotive, construction, and industrial sectors. German producers are directing their efforts towards producing high-performance coatings that are durable for weathering and industrial abrasives and possess excellent gloss retention, which is important in the automotive and industrial sectors. Furthermore, the German market is quite advanced in terms of sustainability, with the growing popularity of low-emission, environmentally friendly resins. The automotive sector is one of the most important, with OEMs already specifying very abrasive coatings for use. Furthermore, Germany is at the forefront of adopting favorable resin technologies, as these have shown improved properties and reduced sustainability challenges.
- India: The market of thermosetting acrylic resins based on solvents in India is growing at a remarkable pace realizing the flexible solvent type owing to the growth of the Indian industrial base and increasing construction and automotive industries. High growth rates are noted concerning the need for advanced performance coatings pertaining to vehicles, industrial machinery, and architecture. Indian producers are increasingly putting efforts into international standard quality compliance as well as cost containment. At the same time, and perhaps more importantly, there is a noticeable change towards more environmentally friendly practices, such as adopting low VOC resin formulations because of government policies. The improvement of technology is helping to enhance performance alongside lowering the costs of resin products.
- Japan: In Japan, the growing demand in the automotive, electronics, and construction industries propels the market of thermosetting acrylic resins based on solvents. The attention’s focus on advanced and quality durable coatings in the automotive industry boost the economy. Japanese manufacturers are interested in the development of resins with high adhesion and resistance to corrosion and severe weathering. Japan also leads in the development of new technologies and many research and development of low VOC and water borne alternatives for solvent borne resins. Many Japanese companies are developing eco-friendly formulations to comply with environmental regulations and meet the demand of the customers.
Features of the Global Solvent-based Thermosetting Acrylic Resin Market
- Market Size Estimates: Solvent-based thermosetting acrylic resin market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Solvent-based thermosetting acrylic resin market size by type, application, and region in terms of value ($B).
- Regional Analysis: Solvent-based thermosetting acrylic resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the solvent-based thermosetting acrylic resin market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solvent-based thermosetting acrylic resin market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the solvent-based thermosetting acrylic resin market by type (melamine resin, epoxy resin, polyamide resin, and others), application (automotive coating, marine paint, optical adhesive field, architectural paint, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Solvent-based Thermosetting Acrylic Resin Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2019 to 2031
4. Market Trends and Forecast Analysis by Region from 2019 to 2031
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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