Japan Acrylic Resin Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The Japan Acrylic Resin Market has experienced significant growth in recent years, driven by the diverse demand for this versatile material across various industries. Acrylic resins are a crucial component in the production of coatings, adhesives, paints, and even in the automotive and construction sectors. These resins are prized for their durability, flexibility, and ability to maintain clarity and color retention over time. With industries constantly seeking materials that provide both aesthetic and functional benefits, the requirement for high-quality acrylic resins is set to continue growing.
As of recent trends, the demand for acrylic resins in Japan is largely propelled by the automotive, electronics, and construction industries. In automotive manufacturing, acrylic resins are used to produce durable and aesthetically appealing vehicle exteriors and parts. Additionally, their use in electronics manufacturing ensures the protection of sensitive components against heat and environmental stress. With Japan’s continuous advancements in technology and infrastructure, the use of acrylic resins in these sectors has become indispensable.
Moreover, the demand for acrylic resin-based coatings and paints is increasing in Japan's booming construction sector. Acrylic-based paints are preferred for their ease of application, long-lasting finish, and resistance to weather conditions. Whether used for residential buildings or large-scale infrastructure projects, acrylic resin coatings are essential for ensuring durability and aesthetic appeal.
The growing awareness of environmental concerns has also led to the development of eco-friendly acrylic resins in Japan. As sustainability becomes a focal point for industries worldwide, the demand for resins that meet green certifications has risen. This shift towards eco-friendly products is expected to drive further innovation and market growth in the coming years.
Furthermore, the pharmaceutical and medical sectors are increasingly utilizing acrylic resins due to their non-toxicity and versatility. These resins are used in the creation of medical devices, drug delivery systems, and even in the production of dentures. As these industries continue to expand, so too does the demand for high-quality acrylic resins in Japan.
In conclusion, the Japanese acrylic resin market is witnessing diverse demands from multiple industries, each seeking solutions that offer both functionality and innovation. With new applications and evolving environmental standards, the market is poised for continued growth and transformation, catering to the needs of a modern, technologically advanced society.
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Asahi Kasei
BASF
Evonik
Sumitomo Chemical
DowDuPont
Sherwin-Williams
Synthetics & Polymer Industries
Kaneka Corporation
Kuraray
Mitsubishi Chemical Corporation
Lucite International
NIPPON SHOKUBAI
Plaskolite
DSM
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Acrylic Resin Market
Thermoplastic Acrylic Resins
Thermosetting Acrylic Resins
Paints and Coatings
Adhesives
Sealants
Textile and Leather
Construction
Automotive
Aerospace
Consumer Goods
Electronics
Linear Acrylic Resins
Cyclic Acrylic Resins
Cross-Linked Acrylic Resins
Waterborne Acrylic Resins
Solvent-Based Acrylic Resins
Powdered Acrylic Resins
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Acrylic Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Acrylic Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Acrylic Resin Market, By Type
6. Japan Acrylic Resin Market, By Application
7. Japan Acrylic Resin Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Acrylic Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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