Acrylic Resins Market size was valued at USD 22.23 billion in 2024 and is expected to reach USD 41.4 billion by 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of acrylic resins is evaluated at USD 23.1 billion. Growing population and home improvement activities are estimated to propel market growth. The need for housing rises in tandem with the expansion of the world's population, fueling a surge in building activities and home renovation initiatives. The demand for acrylic resins, which are frequently employed in construction as sealants, adhesives, and in the production of other building materials, is therefore increased. As per the estimations of the United States Census Bureau, the global population reached 7 billion in 2011 and may reach 8 billion in 2023.
Increasing demand for antimicrobial and antiviral coating and rapid urbanization is estimated to fuel the acrylic resins market size in the coming years. The need for antimicrobial and antiviral coatings in a variety of settings, including hospitals, schools, and public transportation, has increased as a result of the COVID-19 epidemic, and this is projected to fuel demand for acrylic resins. The construction sector is also expanding quickly due to rapid urbanization, particularly in emerging nations, and this has increased demand for acrylic resins used in building and construction products. More than half the world’s population i.e., 55% of the population lived in urban areas in 2017 and more than 4.3 billion live in urban areas now in 2022.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?