Global Acrylic Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Acrylic Resins can be characterized as a fake sap that is gotten from acrylic corrosive, methacrylic corrosive and acrylate monomers. They are separated into three wide classes-thermoplastic, thermoset and waterborne. Thermoplastic acrylic saps have a high atomic weight and require a lot of natural dissolvable. They are profoundly sturdy and are thusly broadly utilized as topcoats and outside coats. Thermosetting acrylic pitches respond when they are presented to hotness or dampness.
ChemIntel360’s global Acrylic Resins market study is a 200+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and end use industry perspective. The industry is expected to grow at a CAGR of 5.2% mainly due to growing demand for Acrylic Resins from construction as well as automotive industry which is expected to bolster the market over the forecast period.
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They are profoundly safe and don't will generally mellow, in any event, when presented to high temperatures, in contrast to thermoplastics. Acrylic Resins are considerably more steady and solid when contrasted with regular or polymer tars. It is profoundly solid and has thermoformability-the capacity to be warmed, transformed and afterward cooled without exhibiting and actual impacts. Notwithstanding, they are considerably more costly than polyester or normal pitch.
Scope
This study contains global and regional market size data. The numbers are broken down by end use industry (Building and Construction, Packaging, Industrial, Consumer Goods, Paper and Paperboard, Pulp and Paper and Others), by Type (Methacrylates, Acrylates, and Hybrids). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Acrylic Resins market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$16.8 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players:
The major players in the market are DOW, BASF SE, Arkema, Mitsubishi, Nippon Shokubai, DSM, Mitsui Chemicals, Showa Denko Materials, DIC Corporation, and Sumitomo.
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