Thermosetting Acrylic Resin Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.9 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The thermosetting acrylic resin market was valued at approximately USD 1.8 billion in 2022. This market is projected to grow at a compound annual growth rate (CAGR) of around 5.6% from 2023 to 2030. The growth is driven by the increasing demand for durable and high-performance materials in various industries, including automotive, construction, and electronics. Rising applications in coatings, adhesives, and composites are further fueling the expansion of this market. Additionally, the shift towards eco-friendly and sustainable materials is expected to create new opportunities for innovation and market development.
Emerging markets in Asia-Pacific and Latin America are anticipated to offer significant growth potential due to rapid industrialization, infrastructural development, and increased manufacturing activities. The evolving regulatory landscape and advancements in production technologies are likely to open new avenues for market players. Furthermore, the rise in consumer awareness regarding the benefits of thermosetting acrylic resins in terms of performance and environmental impact is expected to enhance market prospects. These trends underline a positive outlook for the thermosetting acrylic resin industry, with robust growth anticipated across various regions and applications.
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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. 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 Global Thermosetting Acrylic Resin Market
Paints & Coatings
Paper & Paperboard
Plastics
Adhesives
Construction
Extiles & Fibers
Based on Types the Market is categorized into Below types that held the largest Thermosetting Acrylic Resin market share In 2023.
Acrylates
Methacrylates
Global (United States, Global 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
Global
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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