Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Acrylic Resins for Coatings Market by Type (Water-based, Solvent-based), By Application (Automobile, Construction, Household Appliance, Furniture, Electrical & Electronics, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Acrylic Resins for Coatings Market by Type (Water-based, Solvent-based), By Application (Automobile, Construction, Household Appliance, Furniture, Electrical & Electronics, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 368056 4200 Chemical & Material 377 196 Pages 4.6 (34)
                                          

Market Overview:


The global acrylic resins for coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for acrylic resins for coatings from various end-use industries, such as automobile, construction, household appliance, furniture, electrical & electronics and industrial. In terms of volume, the automotive segment is projected to account for the largest share of the global acrylic resins for coatings market during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of volume during the forecast period.


Global Acrylic Resins for Coatings Industry Outlook


Product Definition:


Acrylic resins are a type of synthetic resin that is used in the production of coatings. These resins are important because they provide protection against corrosion and wear, as well as aesthetic qualities such as color and gloss. Acrylic resins can also be used to improve the adhesion of coatings to substrates.


Water-based:


Water-based is a type of acrylic resin that is produced using water as the major raw material. The other raw materials used in its production include ethylene, propylene, and butane. Water-based resins are widely used owing to their environment friendliness nature which makes them suitable for use in various end-use industries such as construction and automotive coatings among others.


Solvent-based:


Solvent-based is a type of paint that contains at least one solvent. The most common solvents used in these paints are alcohols, glycol ethers, and ketones. These paints are widely used for the production of coatings for plastics and wood as well as metal surfaces owing to their high drying rate.


Application Insights:


The automotive application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The product has a wide range of applications in automobile manufacturing, including paint masking, filler materials, coatings for bumpers and spoilers, roof coating systems as well as interior trim coating.


Acrylic resins are used extensively in industrial applications such as electrical & electronics assembly where they are used to provide protection against harsh environments such as temperature changes and moisture. They also find extensive use in cold-flow soldering processes that involve electronic components with high thermal resistance requirements. These factors are expected to drive demand from various end-use industries over the coming years.


In addition, increasing penetration of smartphones coupled with rising disposable income levels across developing countries is anticipated to fuel demand for higher quality smartphone panels which will further boost industry expansion over the forecast period.


Regional Analysis:


Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction spending and automobile production in China, India, Japan, South Korea, and Taiwan. In addition, rising disposable income coupled with government initiatives such as “Make in India” are expected to fuel product demand from automotive industry over the coming years.


The growing manufacturing sector is likely to drive product demand from electrical & electronics industry of Asia Pacific due to its wide usage across major applications including consumer appliances and equipment as well as industrial machinery & tools.


Growth Factors:


  • Increasing demand from the automotive and construction industries
  • Growing demand for water-based coatings over solvent-based coatings
  • Rising awareness about the benefits of acrylic resins over other resin types
  • Technological advancements in manufacturing processes and products
  • Growing popularity of acrylic resins as a low-VOC alternative

Scope Of The Report

Report Attributes

Report Details

Report Title

Acrylic Resins for Coatings Market Research Report

By Type

Water-based, Solvent-based

By Application

Automobile, Construction, Household Appliance, Furniture, Electrical & Electronics, Industrial, Others

By Companies

DIC, Toray, Hitachi Chemical, Mitsubishi Chemical, DFC Co, Dow, BASF, Evonik, Kuraray, Nippon Shokubai, DSM, Arkema, Aekyung Chemical, Mitsui Chemicals, KAMSONS

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

196

Number of Tables & Figures

138

Customization Available

Yes, the report can be customized as per your need.


Global Acrylic Resins for Coatings Market Report Segments:

The global Acrylic Resins for Coatings market is segmented on the basis of:

Types

Water-based, Solvent-based

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Automobile, Construction, Household Appliance, Furniture, Electrical & Electronics, Industrial, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. DIC
  2. Toray
  3. Hitachi Chemical
  4. Mitsubishi Chemical
  5. DFC Co
  6. Dow
  7. BASF
  8. Evonik
  9. Kuraray
  10. Nippon Shokubai
  11. DSM
  12. Arkema
  13. Aekyung Chemical
  14. Mitsui Chemicals
  15. KAMSONS

Global Acrylic Resins for Coatings Market Overview


Highlights of The Acrylic Resins for Coatings Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Water-based
    2. Solvent-based
  1. By Application:

    1. Automobile
    2. Construction
    3. Household Appliance
    4. Furniture
    5. Electrical & Electronics
    6. Industrial
    7. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Acrylic Resins for Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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  • Market Entry Strategies
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  • Product & Brand Management
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Global Acrylic Resins for Coatings Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Acrylic resins are a type of coating that is used to protect objects from the elements. Acrylic resins are also used as a paint, and can be mixed with other paints to create different colors.

Some of the major companies in the acrylic resins for coatings market are DIC, Toray, Hitachi Chemical, Mitsubishi Chemical, DFC Co, Dow, BASF, Evonik, Kuraray, Nippon Shokubai, DSM, Arkema, Aekyung Chemical, Mitsui Chemicals, KAMSONS.

The acrylic resins for coatings market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylic Resins for Coatings Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Acrylic Resins for Coatings Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Acrylic Resins for Coatings Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Acrylic Resins for Coatings Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Acrylic Resins for Coatings Market Size & Forecast, 2020-2028       4.5.1 Acrylic Resins for Coatings Market Size and Y-o-Y Growth       4.5.2 Acrylic Resins for Coatings Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Water-based
      5.2.2 Solvent-based
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Automobile
      6.2.2 Construction
      6.2.3 Household Appliance
      6.2.4 Furniture
      6.2.5 Electrical & Electronics
      6.2.6 Industrial
      6.2.7 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Acrylic Resins for Coatings Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Acrylic Resins for Coatings Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Water-based
      9.6.2 Solvent-based
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Automobile
      9.10.2 Construction
      9.10.3 Household Appliance
      9.10.4 Furniture
      9.10.5 Electrical & Electronics
      9.10.6 Industrial
      9.10.7 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Water-based
      10.6.2 Solvent-based
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Automobile
      10.10.2 Construction
      10.10.3 Household Appliance
      10.10.4 Furniture
      10.10.5 Electrical & Electronics
      10.10.6 Industrial
      10.10.7 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Water-based
      11.6.2 Solvent-based
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Automobile
      11.10.2 Construction
      11.10.3 Household Appliance
      11.10.4 Furniture
      11.10.5 Electrical & Electronics
      11.10.6 Industrial
      11.10.7 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Water-based
      12.6.2 Solvent-based
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Automobile
      12.10.2 Construction
      12.10.3 Household Appliance
      12.10.4 Furniture
      12.10.5 Electrical & Electronics
      12.10.6 Industrial
      12.10.7 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Water-based
      13.6.2 Solvent-based
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Automobile
      13.10.2 Construction
      13.10.3 Household Appliance
      13.10.4 Furniture
      13.10.5 Electrical & Electronics
      13.10.6 Industrial
      13.10.7 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Acrylic Resins for Coatings Market: Competitive Dashboard
   14.2 Global Acrylic Resins for Coatings Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 DIC
      14.3.2 Toray
      14.3.3 Hitachi Chemical
      14.3.4 Mitsubishi Chemical
      14.3.5 DFC Co
      14.3.6 Dow
      14.3.7 BASF
      14.3.8 Evonik
      14.3.9 Kuraray
      14.3.10 Nippon Shokubai
      14.3.11 DSM
      14.3.12 Arkema
      14.3.13 Aekyung Chemical
      14.3.14 Mitsui Chemicals
      14.3.15 KAMSONS

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