Acrylic Resins Market Share

APAC Market Statistics

Asia Pacific industry is poised to account for largest revenue share of 42% by 2037. The region has a fast-expanding industrial sector and some of the world's biggest economies, including China, India, and Japan. The need for acrylic resins is being driven by the expanding consumer goods, automotive, and construction sectors in the region. Aside from that, a rise in the standard of living and an increase in disposable income is driving up demand for home renovation goods, which mostly depend on acrylic resins as raw ingredients. Additionally, the availability of inexpensive labor and raw materials, as well as favorable government regulations, are luring international corporations to locate their operations in the area, further increasing demand for acrylic resins. The growth of the market can be on account of increasing commercial buildings and construction events, and automobile production. 60% of the global construction growth is attributed to India, China, and Indonesia.

North American Market Forecast

The North American acrylic resins market is also expected to garner a sizeable portion of the global acrylic resins market, owing to the existence of a sizable construction industry and an established automotive sector. The market for acrylic resins is also expanding owing to the region's developed industrial infrastructure and increasing demand for high-quality goods. Moreover, in the construction sector in North America, acrylic resins are frequently employed as binders in paints, adhesives, and sealants. The demand for acrylic resins is being driven by the region's robust infrastructure-building activities, particularly in the commercial and residential construction segments.