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(MoneyNewsWire.Net, September 13, 2017 ) Acrylic resins are a group of thermoplastic or thermosetting resins, derived from acrylic acids. These thermoplastic materials are produced by the polymerization of methacrylic acid esters or acrylic acid esters. Methyl methacrylate is considered to be the primary acrylic resin, which accounts for the major share in the global market. The demand for the acrylic resin is increasing in developing countries like India, Brazil, China, and Mexico, due to their increasing use in the paints and coatings industry, providing a glossy finish. In addition, its sustainability in different weather conditions will lead to an increase in the demand for acrylic resins in the forecast period.
Companies Mentioned:
Arkema, BASF, Evonik Industries, Mitsui Chemicals, The Dow Chemical Company, Air Products and Chemicals, Asahi Kasei Corporation, DIC Corporation, Hitachi Chemical, NIPPON SHOKUBAI, and Sumitomo Chemical.
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Covered in this report
The report covers the present scenario and the growth prospects of the global acrylic resin market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Market driver
Increasing demand from the construction industry
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Market challenge
Volatile price of raw materials
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Market trend
Emergence of bio-based acrylic resin
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The market is divided into the following segments based on geography:
North America
APAC
Europe
ROW
Research report, Global Acrylic Resin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Arkema
BASF
Evonik Industries
Mitsui Chemicals
The Dow Chemical Company
Other prominent vendors
Air Products and Chemicals
Asahi Kasei Corporation
DIC Corporation
Hitachi Chemical
NIPPON SHOKUBAI
Sumitomo Chemical
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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