From Coatings to Adhesives: Exploring Growth in the Acrylic Resins Market

Acrylic Resins Market Overview

The global acrylic resins market has been experiencing steady growth due to its broad applications in paints and coatings, adhesives and sealants, construction, automotive, and packaging industries. Acrylic resins, derived from acrylic acid or methacrylic acid, are known for their excellent durability, weather resistance, and high-performance characteristics.

The acrylic resins market was valued at approximately USD 15.4 billion in 2021 and is expected to grow at a CAGR of around 5.2% from 2022 to 2030, reaching an estimated USD 24.3 billion by 2030.

Market Dynamics

Drivers

  • Growing demand from the construction industry for weather-resistant and long-lasting coatings.
  • Increased use in automotive paints due to lightweight and durable properties.
  • Rising adoption of water-based acrylic resins over solvent-based alternatives, aligned with environmental regulations.
  • Expanding applications in adhesives, textiles, and paper coatings.

Restraints

  • Volatility in raw material prices, especially for petroleum-based inputs.
  • Strict environmental regulations on VOC emissions affecting traditional resin formulations.

Opportunities

  • Development of bio-based and sustainable acrylic resins.
  • Technological advancements enabling high-performance resin formulations for niche applications.

Regional Analysis

North America

  • Strong presence of automotive and construction industries.
  • High demand for eco-friendly and sustainable coatings.

Europe

  • Stringent environmental laws driving innovation in low-VOC and water-based acrylic resins.
  • Leading players focusing on green chemistry solutions.

Asia-Pacific

  • Largest and fastest-growing market led by China and India.
  • Rapid urbanization and industrialization fueling demand across end-use sectors.

Latin America & Middle East

  • Emerging opportunities in infrastructure and industrial coatings.
  • Increasing investments in downstream chemical industries.

Segmental Analysis

By Type

  • Thermoplastic Acrylic Resins
  • Thermosetting Acrylic Resins

By Form

  • Solvent-based
  • Water-based
  • Solid/Powder

By Application

  • Paints & Coatings
  • Adhesives & Sealants
  • Plastics
  • Textiles & Paper
  • Others

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List of Key Players

  • BASF SE
  • The Dow Chemical Company
  • Arkema Group
  • Evonik Industries AG
  • Mitsubishi Chemical Corporation
  • Sumitomo Chemical Co., Ltd.
  • DIC Corporation
  • Asian Paints
  • Lubrizol Corporation
  • Celanese Corporation

Key Trends

  • Rising popularity of UV-curable acrylic resins.
  • Growing focus on low-VOC and waterborne formulations.
  • Development of smart coatings and advanced composites using acrylic resins.
  • Strategic partnerships and acquisitions by key players to expand regional presence.

Conclusion

The acrylic resins market is on a growth trajectory, supported by rising demand across diverse sectors and increasing focus on sustainable materials. Technological advancements and regional expansions by major players will further shape the competitive landscape in the coming years.

About the report:  

The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis. 

About The Brainy Insights: 

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market. 

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