Global Acrylic Resins Market Size Study, by Type, by Property, by End Use, by Application, by Chemistry, and Regional Forecasts 2022-2032

Description

The Global Acrylic Resins Market, valued at approximately USD 21.00 billion in 2023, is expected to expand at a compound annual growth rate (CAGR) of 5.60% over the forecast period from 2024 to 2032. Acrylic resins, characterized by their exceptional transparency, durability, chemical resistance, and adhesion properties, play a crucial role in several industries such as construction, automotive, packaging, and electronics. These resins are used extensively in paints and coatings, adhesives, and sealants, benefiting from their superior weatherability and quick-drying capabilities.

Driven by advancements in polymerization technology and the growing demand for high-performance coatings, the market is undergoing a transformative shift. The increasing use of methacrylate-based acrylic resins in architectural coatings and automotive refinishing applications is propelling demand. Additionally, the rising adoption of thermosetting acrylic resins in high-temperature applications is significantly contributing to market expansion. Sustainability trends are also influencing manufacturers to develop low-VOC (volatile organic compounds) and eco-friendly acrylic formulations, aligning with stringent environmental regulations worldwide.

However, fluctuations in raw material prices, particularly related to petrochemical derivatives like methacrylates and acrylates, pose challenges for manufacturers. Furthermore, competition from alternative resin systems such as polyurethanes and epoxies presents a constraint on market penetration. Nevertheless, investments in bio-based acrylic resins and circular economy initiatives are opening new avenues for sustainable growth and product differentiation.

Regionally, Asia-Pacific leads the market, with China, India, and Japan emerging as dominant players due to expanding industrialization, increasing infrastructure projects, and high consumption of coatings and adhesives. Meanwhile, North America and Europe are witnessing steady growth, backed by advanced manufacturing capabilities, regulatory compliance with green chemistry, and technological innovations in polymer science. Latin America and the Middle East & Africa are also experiencing rising demand for acrylic-based materials, particularly in automotive, construction, and consumer goods sectors, fostering regional market expansion.

Major Market Players Included in This Report:

BASF SE
Dow Inc.
Arkema S.A.
Evonik Industries AG
Sumitomo Chemical Co., Ltd.
Mitsubishi Chemical Holdings Corporation
Nippon Shokubai Co., Ltd.
LG Chem Ltd.
Mitsui Chemicals, Inc.
The Sherwin-Williams Company
Hexion Inc.
DIC Corporation
Allnex Group
Kuraray Co., Ltd.
Solvay S.A.

The Detailed Segments and Sub-Segments of the Market are Explained Below:

By Type:

Methacrylates
Acrylates
Hybrids

By Property:

Thermoplastics
Thermosetting

By Application:

Building & Construction
Automotive
Electronics
Packaging
Others

By Chemistry:

Paints & Coatings
Adhesives & Sealants
Pigment Dispersion
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years (2022-2032).
Annualized revenue and regional-level analysis for each market segment.
Comprehensive assessment of geographical landscape with country-level insights.
Competitive landscape analysis with profiles of major industry players.
Insights into strategic initiatives, investment trends, and business expansions.
Demand-side and supply-side market trends shaping the future outlook.

Chapter 1. Global Acrylic Resins Market Executive Summary

1.1. Global Acrylic Resins Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Type}
- 1.3.2. {By Property}
- 1.3.3. {By End Use & Application}
  - 1.3.3.1. {By End Use}
  - 1.3.3.2. {By Application}
  - 1.3.3.3. {By Chemistry}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Acrylic Resins Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Acrylic Resins Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising demand for high-performance coatings and adhesives
- 3.1.2. Advancements in polymerization and eco-friendly resin formulations
- 3.1.3. Expanding applications in construction, automotive, and electronics
3.2. Market Challenges
- 3.2.1. Fluctuations in raw material prices of methacrylates and acrylates
- 3.2.2. Competition from alternative resin systems and substitutes
3.3. Market Opportunities
- 3.3.1. Growth in sustainable, low-VOC, and bio-based acrylic resins
- 3.3.2. Emerging market expansion driven by infrastructural development
- 3.3.3. Technological innovations fostering product differentiation

Chapter 4. Global Acrylic Resins Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Acrylic Resins Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Acrylic Resins Market: {Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Methacrylates
- 5.2.2. Acrylates
- 5.2.3. Hybrids

Chapter 6. Global Acrylic Resins Market Size & Forecasts by Property 2022-2032

6.1. Segment Dashboard
6.2. Global Acrylic Resins Market: {Property} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Thermoplastics
- 6.2.2. Thermosetting

Chapter 7. Global Acrylic Resins Market Size & Forecasts by End Use & Application and Chemistry 2022-2032

7.1. Segment Dashboard
7.2. Global Acrylic Resins Market: {End Use & Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. By End Use
  - 7.2.1.1. (Details as provided)
- 7.2.2. By Application
  - 7.2.2.1. Building & Construction
  - 7.2.2.2. Automotive
  - 7.2.2.3. Electronics
  - 7.2.2.4. Packaging
  - 7.2.2.5. Others
7.3. Global Acrylic Resins Market: {Chemistry} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.3.1. Paints & Coatings
- 7.3.2. Adhesives & Sealants
- 7.3.3. Pigment Dispersion
- 7.3.4. Others

Chapter 8. Global Acrylic Resins Market Size & Forecasts by Region 2022-2032

8.1. North America Acrylic Resins Market
- 8.1.1. U.S. Acrylic Resins Market
  - 8.1.1.1. {Type} breakdown size & forecasts, 2022-2032
  - 8.1.1.2. {End Use & Application} breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Acrylic Resins Market
8.2. Europe Acrylic Resins Market
- 8.2.1. U.K. Acrylic Resins Market
- 8.2.2. Germany Acrylic Resins Market
- 8.2.3. France Acrylic Resins Market
- 8.2.4. Spain Acrylic Resins Market
- 8.2.5. Italy Acrylic Resins Market
- 8.2.6. Rest of Europe Acrylic Resins Market
8.3. Asia-Pacific Acrylic Resins Market
- 8.3.1. China Acrylic Resins Market
- 8.3.2. India Acrylic Resins Market
- 8.3.3. Japan Acrylic Resins Market
- 8.3.4. Australia Acrylic Resins Market
- 8.3.5. South Korea Acrylic Resins Market
- 8.3.6. Rest of Asia-Pacific Acrylic Resins Market
8.4. Latin America Acrylic Resins Market
- 8.4.1. Brazil Acrylic Resins Market
- 8.4.2. Mexico Acrylic Resins Market
- 8.4.3. Rest of Latin America Acrylic Resins Market
8.5. Middle East & Africa Acrylic Resins Market
- 8.5.1. Saudi Arabia Acrylic Resins Market
- 8.5.2. South Africa Acrylic Resins Market
- 8.5.3. Rest of Middle East & Africa Acrylic Resins Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. Dow Inc.
- 9.1.3. Arkema S.A.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Dow Inc.
- 9.3.3. Arkema S.A.
- 9.3.4. Evonik Industries AG
- 9.3.5. Sumitomo Chemical Co., Ltd.
- 9.3.6. Mitsubishi Chemical Holdings Corporation
- 9.3.7. Nippon Shokubai Co., Ltd.
- 9.3.8. LG Chem Ltd.
- 9.3.9. Mitsui Chemicals, Inc.
- 9.3.10. The Sherwin-Williams Company
- 9.3.11. Hexion Inc.
- 9.3.12. DIC Corporation
- 9.3.13. Allnex Group
- 9.3.14. Kuraray Co., Ltd.
- 9.3.15. Solvay S.A.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes