Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17,294.3 Million | USD 23,576.1 Million | 4.5% | 2021 |
FrequentlyAsked Questions
The market is anticipated to rise as more end-use sectors, including building & construction and automotive, increase their use of acrylic resins. Additionally, due to their great adherence, acrylic resins are frequently utilized as major binders in paints and coatings.
According to the report, the global acrylic resin market size was worth USD 17,294.3 million in 2021 and is estimated to grow to USD 23,576.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period.
The global acrylic resins market was dominated by the Asia Pacific, which held a share of more than 41% in 2021. Expanding important sectors, including infrastructure, electronics, automotive, and healthcare, define the area's market.
Some of the main competitors dominating the global acrylic resin market include- BASF SE, Arkema, The Dow Chemical Company, Mitsubishi Chemical Holdings, Sumitomo Chemical, DIC Corporation, DSM, Mitsui Chemicals, Nippon Shokubai Co., Showa Denko Materials, Aekyung Chemical Co. Ltd. Allnex, Berger Paints India Ltd., Fujikura Kasei Co. Ltd., Innotek Technology Ltd., Geo Specialty Chemicals, Lubrizol, Momentive Performance Materials, Jotun, Kamsons Chemicals Pvt. Ltd., Rohm, Solvay, Sun Polymers Inc., Synthomer (Omnova), and Yip’s Chemical Holdings Ltd.
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