Acrylic Resins Market Segmentation:
End-user Segment Analysis
The global acrylic resins market is segmented and analyzed for demand and supply by end-user into building & construction, automotive, electronics, packaging, and others. Out of these, the automotive segment is anticipated to hold the largest market size by the end of 2035 on the back of increasing vehicle purchases by individuals. Automotive coatings employ acrylic resins as binders to give the outside of the car durability and protection. They also serve as adhesives to join various parts and elements and are also employed in the production of interior trim, including door panels, dashboard elements, and seat coverings. Their usage is bound to increase with the growth in the automotive industry. For instance, the hybrid electric vehicles sale raised by 76% between 2020-2021.
Type Segment Analysis
The global acrylic resins market is also segmented and analyzed for demand and supply by type into the water and solvent-based. Owing to its expanding usage across a range of applications, the solvent-based sector is predicted to have the greatest market share by the end of 2035. Solvents including ethyl acetate, butyl acetate, and xylene are used to create solvent-based acrylic resins. These resins are utilized in applications like coatings and adhesives, where a thicker and more solid layer is required. Their use will continue to grow with their growing use in metal and wood materials, and the growth of the construction sector. For instance, it is estimated that over 12,000 new buildings will be constructed by the end of 2050, according to projections.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Type |
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By Product |
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By End-User |
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