Global Acrylic Resins Market Demand Size Share Scope

The global acrylic resins market size reached USD 15.98 Billion in 2020 and is expected to register a revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Spurt in construction activities globally as well as a rising need for eco-friendly formulations are some of the key factors driving steady global acrylic resins market revenue growth. In addition, increasing number of smart city projects in developing countries is expected to further augment revenue growth of the market between 2021 and 2028. Advancements in bio-based resin solutions is important for long-term sustainability. The primary purpose of creating sustainable or bio-based paints and coating solutions is to ensure environmental sustainability. Majority of coating raw materials are produced from fossil-based raw materials or renewable sources including oils, coal, and natural gas. Greenhouse Gas (GHG) emissions caused by misuse of such resources has a significantly negative impact on the environment. As compared to the conventional counterparts, raw materials based on plant biomass have advantageous characteristics. Get a sample of the report @ https://www.emergenresearch.com/request-sample/815 The growth of this market can be attributed to the increasing initiatives of the government to improve the healthcare infrastructure with advanced diagnostic solutions. The government has increased the allocation of healthcare budgetary in developing countries, and it has also introduced several reimbursement policies to encourage the adoption of technologically advanced Acrylic Resins devices. Based on the competitive landscape, the market report analyzes the key companies operating in the industry: • BASF SE • Dow Chemical Company • Arkema S.A. • Mitsui ChemicalsInc. • Koninklijke DSM N.V. • Showa Denko Materials Co.Ltd. • DIC Corporation • Sumitomo Corporation • Mitsubishi Chemical Holdings Corporation • Nippon Shokubai Co.Ltd. The global Acrylic Resins market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Acrylic Resins market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Acrylic Resins market. Based on Type, the Acrylic Resins Market is segmented into: • Thermoplastic • Thermosetting Based on Application, the Acrylic Resins Market is segmented into: • Adhesives & Sealants • Paints & Coatings • DIY coatings • Elastomers • Others Request a discount on the report @ https://www.emergenresearch.com/request-discount/815 The awareness programs launched by the various non-profit organization, academic institutions, and government regarding the coronary heart diseases and technologically advanced diagnostic solutions is a major contributing factor for the development of the industry in the emerging economies. Increasing investments in the research and development by the manufacturers for the production of more enhanced, accurate, and cost-effective technology will drive the market growth of the product over the forecast period. Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape. Detailed Regional Analysis covers: • North America (U.S., Canada) • Europe (U.K., Italy, Germany, France, Rest of EU) • Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) • Latin America (Chile, Brazil, Argentina, Rest of Latin America) • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) To know more about the report @ https://www.emergenresearch.com/industry-report/acrylic-resins-market Key Benefits of Buying the Global Acrylic Resins Report: • Acrylates segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Acrylates chemistry is widely used in the paints and coatings industry. • Such resins are made up of alkyl acrylates and meth acrylates homo and copolymers, which are sometimes blended with other thermoplastic compounds. These are primarily used as main binders in coatings, with applications in the construction and automotive sectors. • Hybrid segment is expected to register a significantly robust revenue growth rate over the forecast period. Owing to superior performance qualities like ultraviolet (UV) protection, glossy retention, and better adhesion, hybrid resins are increasingly being utilized in coating applications. • Asia Pacific market is expected to account for a larger revenue share than other regional markets over the forecast period owing to increasing construction activities as well as rising disposable income and favorable home loan schemes in countries in the region. • Helps in understanding the key product segments and their estimated growth rate • In-depth analysis of market drivers, restraints, trends, and opportunities • Comprehensive regional analysis of the Global Acrylic Resins Market • Extensive profiling of the key stakeholders of the business sphere • Detailed analysis of the factors influencing the growth of the Global Acrylic Resins Market Request customization on the report @ https://www.emergenresearch.com/request-for-customization/815 Thank you for reading our report. 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Added : 2023-08-24

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