According to the new market research report "Acrylic Resins Market by Solvency (Water-based, solvent-based, and others), Chemistry, Application (Paints & coatings, adhesives & sealants, DIY coatings, elastomers, and others), End-use Industry, and Region – Global Forecast to 2025", published by MarketsandMarkets™, the Acrylic Resins Market size is projected to reach USD 21.9 billion by 2025 from USD 16.8 billion in 2020, at a CAGR of 5.5% during the forecast period. The research report provides a professional in-depth examination of the market’s current scenario, CAGR, gross margin, revenue, price, production growth rate, volume, value, acrylic resins market share and growth are among the market data assessed and re-validation in the research.

Browse in-depth TOC on "Acrylic Resins Market"

91 – Tables
49 – Figures
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The demand for acrylic resins in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the construction industry and industrial activities. The stringent regulations regarding coating application is a major challenge for the acrylic resins market. The demand for acrylic resins is rising, owing to the growing demand for cost-effective and sustainable coating materials. This increase in demand for environment-friendly acrylic resins and the construction of green buildings provide growth opportunities to the market. On the other hand, the potential health and environmental issues are the major restrain for the market.

Based on chemistry, the acrylates segment is estimated to lead the overall acrylic resins market in 2020.

Acrylates are the largest chemistry type which is used in the production of acrylic resins. These chemicals are bifunctional in nature i.e. can be polymerized and used for various other applications. The growing demand for acrylic resins and easy availability of acrylate chemistry are driving the market growth.

Based on solvency, water-based is estimated to be the largest market in the overall acrylic resin market in 2020.

Water-based acrylic resins are effective as their solvent-based but also have a low environmental impact. These resins are used increasingly in the current period owing to its sustainable nature and easy formulation processes, their excellent durability, quick-drying times, and emission of low odor. Using solvent-based acrylic resins in confined spaces can be unpleasant or hazardous to the workers due to the evaporation of solvents, these drives use of water-based resins.

Based on applications, paints & coatings segment is estimated to lead the market in 2020.

Acrylics are utilized in a broad range of applications in paints & coatings industry, right from architectural coatings to the industrial coatings.  Acrylic resins show good chemical and photochemical resistance. Acrylics have good colors and gloss retention properties and are easy to handle, moderately priced, and exhibit superior performance in a wide variety of applications such as roof coating, wall coating, and others.

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Based on end-use industry, building & construction is expected to be the largest acrylic resins consuming sector in 2020.

The increasing number of residential and commercial construction in emerging economies and refurbishment of existing buildings in developed economies are driving consumption of acrylic resins in the building & construction industry. Acrylic resins have excellent adhesion, flexibility and elongation, UV stability, carbonation resistance, and are environment friendly which are the major adoption factors for these resins in the sector.

Based on region, APAC is projected to grow the fastest in the acrylic resins market in 2020.

APAC is projected to be the fastest-growing market for acrylic resins. The rising population, increased demand for residential buildings, rapid industrialization, and increased urbanization are driving the APAC acrylic resins market. China is the largest market for acrylic resins in the region. China is also a major producer and consumer of acrylic resins in the region as it has a huge manufacturing base. Apart from China, India, Japan, and South Korea are projected to grow at a decent rate during the forecast period.

Acrylic Resins Companies

The key players in the non-phthalate plasticizers market include Dow (US), BASF SE (Germany), Arkema (France), Mitsubishi (Japan), Nippon Shokubai (Japan), DSM (Netherlands), Mitsui Chemicals (Japan), Showa Denko Materials (Japan), DIC Corporation (Japan) and Sumitomo (Japan). These players have established a strong foothold in the market by adopting strategies, such as expansions, joint ventures, and new product launches.

BASF (Germany) is a prominent global enterprise in the chemical industry that provides technology-led solutions to a variety of end-market customer groups. It is organized into seven reportable segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. The Industrial Solutions business segment contains its acrylic resin portfolio. The Chemical segment is the first building block of the BASF Verbund strategy and consists of high-quality basic chemicals and intermediates that enable further advancements in many industries. As part of Industrial Solutions, BASF provides performance products, dispersions, resins, and additives that contribute to the sustainable or green nature of industrial processes. Surface Technologies focuses on Automotive and Mobility through innovation in coatings, battery materials, catalysts, and metal services. Nutrition & Care provides innovative and sustainable ingredients and innovative and sustainable solutions for the nutrition, health, and personal care markets. Agricultural Solutions offers crop protection products, seeds, biologicals, and digital farming solutions that aim to support sustainable agricultural practices. The Other segment serves as the overall corporate functions, research activities, and supportive administrative services that accompany the core operations. BASF boasts business operations in 92 countries and 235 production and manufacturing sites across the globe, utilizing six integrated Verbund sites in Germany, Belgium, the US, Malaysia, and China. In general, BASF has a distinguished global presence across North America, Asia Pacific, South America, Africa, and the Middle East.

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Dow (US) is among the global leaders in specialty chemicals and materials science, with a strong presence in the acrylic resins market through its Performance Materials & Coatings segment. The company operates across various sectors, including coatings, construction, automotive, electronics, and consumer goods, offering tailored and sustainable solutions in acrylic, silicone, and cellulosic chemistry. A major part of Dow’s acrylic resin products is produced within the Performance Materials & Coatings segment, providing high-performance acrylic-based resins, polymers, and dispersions used in architectural and industrial coatings, adhesives, sealants, personal care products, and more. Conformal coatings manufactured by Dow, which are part of the Performance Materials and Coatings segment, are used on electronics and in mobility applications. These coatings require specific acrylic technologies to deliver outstanding insulation, durability, and environmental resistance, while ensuring adherent conformal coverage. Although Dow operates as a multi-commodity company across three global segments-Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings—the acrylic resin products are primarily derived from the Performance Materials & Coatings segment. For Dow and its acrylic products, this segment emphasizes innovations in surface protection and coatings that enhance performance. With 91 manufacturing sites spanning 30 countries, Dow leverages its world-class scale and vertically integrated operations to continuously supply high-quality, large volumes of acrylic resins and derivatives efficiently to customers around the world. Regarding acrylic resins, Dow's ongoing investment in technology and sustainability ensures it remains a leader as companies look toward future options in acrylic products.

Mitsubishi Chemical Group Corporation (Japan) is a global leader in the chemicals industry, and its MMA & Derivatives segment plays a significant role in the acrylic resins market. This segment produces and supplies methyl methacrylate (MMA) and its polymerized form, polymethyl methacrylate (PMMA), which are essential raw materials and resins used in many acrylic-based products such as coatings, adhesives, sealants, elastomers, and molded plastics. The company operates in five main areas—Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, and Industrial Gases-and has a wide global presence and market access across Europe, Asia-Pacific, North America, South America, and the Middle East & Africa, focusing on advanced materials. Additionally, the company's Performance Products Domain offers complementary solutions for the acrylic resins market, including coating materials, polymers, high-performance plastics, and specialty films. The Industrial Materials Domain, which is the company's largest sector, is also vital to the acrylic resins market because it supplies MMA, PMMA, polyolefins, and carbon products used by end-users in the automotive, construction, and electronics industries, all key sectors for acrylic resins.

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Sumitomo Chemical Co., Ltd. (Japan), headquartered in Tokyo, Japan, leverages its expertise in the Essential Chemicals & Plastics segment to develop the acrylic resins market. This segment includes products like polyethylene (PE), polypropylene (PP), and MMA polymer, which are fundamental components in producing acrylic resin. The company's extensive portfolio also features high-purity functional chemicals and emulsions, crucial for enhancing the performance and durability of acrylic-based applications. Sumitomo Chemical maintains a strong global presence with 184 subsidiaries and affiliates and employs 32,161 people across Asia Pacific, North America, Europe, the Middle East & Africa, and South America. This widespread network enables Sumitomo Chemical to adapt to the evolving needs of the acrylic resins market, from industrial coatings to advanced polymers.

Arkema (France) is a prominent international supplier of specialty materials and is a major player in the acrylic resins market with its Coating Solutions segment. In its Coating Solutions segment, Arkema offers a broad range of acrylic technologies and acrylic resins for decorative, industrial, and high-performance coatings applications. Arkema has leveraged its vast experience in acrylic chemistry to organize the Coating Solutions segment into major business areas of Coating Resins and Coating Additives that address customers’ needs for coatings that are durable, efficient, and environmentally responsible. The company has an extensive international presence with operations in 55 countries (157 production sites - over 65 in Europe, 46 in North America, 33 in Asia, and 13 in other areas), and has also strengthened its innovation capabilities through 17 R&D centers (worldwide).