Thermosetting Acrylic Resin Market size is estimated to be USD 3.2 Billion in 2024 and is expected to reach USD 5.6 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global thermosetting acrylic resin market was valued at approximately USD 20.7 billion in 2023 and is projected to reach USD 30.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2024 to 2030. This growth is primarily driven by the increasing demand for high performance coatings in industries such as automotive, construction, and electronics. The superior properties of thermosetting acrylic resins, including excellent weatherability, chemical resistance, and adhesion, have positioned them as a preferred material in a wide range of applications, leading to the expansion of their market share globally.
Regionally, Asia Pacific holds a dominant position in the thermosetting acrylic resin market, accounting for the largest market share due to rapid industrialization and urbanization. The regions strong manufacturing base, particularly in countries like China and India, drives the demand for these resins across various applications, including automotive, construction, and electronics. The presence of a large consumer base and favorable government initiatives supporting industrial growth further bolster market expansion in this region. North America and Europe also represent significant markets, characterized by well established industrial sectors and a strong focus on innovation and environmental sustainability.
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Air Products and Chemicals
Arkema S.A
Asahi Kasei Corporation
BASF SE
DIC Corporation
Unigel S.A.
Evonik Industries AG
Formosa Plastics Corporation
Kaneka Corporation
Kuraray Co. Ltd.
LG Chem Ltd.
Mitsubishi Rayon Co. Ltd.
Lucite International
Mitsubishi Rayon Polymer Nantong Co. Ltd.
Mitsui Chemicals
Inc.
Anderson Development Company
Inc.
Nippon Shokubai Co. Ltd.
Plaskolite
Inc.
PPG Industries
Inc.
Reichhold
Inc.
Royal DSM N.V.
Solvay
Sumitomo Chemical Co. Ltd.
DuPont
The Valspar Corporation
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. 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 Global Thermosetting Acrylic Resin Market
Alkyd-Acrylic Resins
Polyester-Acrylic Resins
Acrylic-Urethane Resins
Coatings
Adhesives
Composites
Sealants
Automotive
Aerospace
Construction
Electronics
Healthcare
Consumer Goods
Heat Cured
UV Cured
Moisture Cured
Waterborne Resins
Solve-borne Resins
Solventless Resins
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermosetting 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. Global Thermosetting Acrylic Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermosetting Acrylic Resin Market, By Type
6. Global Thermosetting Acrylic Resin Market, By Application
7. Global Thermosetting Acrylic Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thermosetting Acrylic Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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