The Acrylic Resin Industrial Coatings market is expected to grow from USD 18.60 billion in 2022 to USD 33.75 billion by 2032, at a CAGR of 6.14% during the forecast period 2023-2032.
Acrylic resin industrial coatings are thermoplastic or thermoplastic polymers. Manufactured from acrylic and methacrylate monomers. It has properties such as gloss retention, high adhesion and photochemical resistance. Acrylic resin industrial coating has low flammability, less toxicity and low VOC content, so it finds applications in various downstream industries such as construction, medical, electrical, transportation, FMCG, and other fields.
The rising construction industry is one of the major factors driving the growth of the acrylic resin industrial coatings market. In addition, the rising popularity of renovation activities is expected to create new market growth opportunities during the forecast period. On the other hand, volatile material costs and adverse effects of solvent-based acrylic resins hamper the market's growth. In addition, strict environmental regulations and guidelines regarding high volatile organic content (VOC) will challenge the market's growth over the forecast period.
This study comprehensively analyses type, application, end use, and region. The type segment includes solvent based, water based and others. The water based segment registered the largest market share in 2022. Water-based acrylic resin is widely used in medical equipment, automobiles, building materials, electronics, household and other fields. Moreover, the increasing population and construction activities drive this segment's growth. The application segment is divided into adhesive and sealants, paints and coatings, and others. The paints and coatings segment held the largest market share in 2022. The availability of high solids paints and coatings that yield zero or very little volatile organic content (VOC) has increased the popularity of acrylic resin industrial coating. Moreover, increasing construction activities in developed and developing nations have increased the demand for paints and coatings. It is also widely used as a protective coating on wooden furniture. These factors are accelerating the segment's growth. The end use segment is classified into automotive, building and construction, electronics, packaging and others. The building and construction segment generated the highest market revenue in 2022. There is a rise in building and construction activities in developing and developed countries due to the growing population and rising disposable income of individuals.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region held the highest market revenue in 2022 owing to the growing automotive, packaging, construction, and electronics industry. Rising infrastructure projects are also boosting this region's growth. The increasing population is contributing largely to this region's growth.
Some of the notable players in the market are BASF SE, The Dow Chemical Company, Arkema S.A., Air Products and Chemicals Inc, NIPPON SHOKUBAI CO. LTD., Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, DIC CORPORATION, Hexion, Hitachi Chemical Co. Ltd, Poly Metal India, Tuff Coat Polymers Private Limited, MGI Chemicals Pvt. Ltd., Astra Chemtech Private Limited, and Paladin Paints & Chemicals Private Limited among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End Use
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The growing use of acrylic resin industrial coatings in paints and coatings
5.3. Restraints
5.3.1. Volatile raw material price
5.4. Opportunities
5.4.1. Growing construction industry
5.5. Challenges
5.5.1. Potential health and environmental issues
6. Global Acrylic Resin Industrial Coatings Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Solvent Based
6.3. Water Based
6.4. Others
7. Global Acrylic Resin Industrial Coatings Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Adhesive and Sealants
7.3. Paints and Coatings
7.4. Others
8. Global Acrylic Resin Industrial Coatings Market Analysis and Forecast, By End Use
8.1. Segment Overview
8.2. Automotive
8.3. Building and Construction
8.4. Electronics
8.5. Packaging
8.6. Others
9. Global Acrylic Resin Industrial Coatings Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Acrylic Resin Industrial Coatings Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Acrylic Resin Industrial Coatings Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. BASF SE
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. The Dow Chemical Company
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Arkema S.A.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Air Products and Chemicals Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Nippon Shokubai CO. LTD.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Formosa Plastics Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Mitsubishi Chemical Holdings Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. DIC CORPORATION
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Hexion
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Hitachi Chemical Co. Ltd.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Poly Metal India
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Tuff Coat Polymers Private Limited
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. MGI Chemicals Pvt. Ltd.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Astra Chemtech Private Limited
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Paladin Paints & Chemicals Private Limited
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
2. Global Solvent Based Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
3. Global Water Based Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
4. Global Others Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
5. Global Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
6. Global Adhesive and Sealants Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
7. Global Paints and Coatings Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
8. Global Others Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
9. Global Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
10. Global Automotive Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
11. Global Building and Construction Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
12. Global Electronics Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
13. Global Packaging Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
14. Global Others Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
15. Global Acrylic Resin Industrial Coatings Market, By Region, 2019-2032 (USD Billion) (Ton)
16. North America Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
17. North America Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
18. North America Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
19. U.S. Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
20. U.S. Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
21. U.S. Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
22. Canada Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
23. Canada Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
24. Canada Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
25. Mexico Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
26. Mexico Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
27. Mexico Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
28. Europe Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
29. Europe Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
30. Europe Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
31. Germany Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
32. Germany Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
33. Germany Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
34. France Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
35. France Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
36. France Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
37. U.K. Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
38. U.K. Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
39. U.K. Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
40. Italy Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
41. Italy Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
42. Italy Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
43. Spain Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
44. Spain Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
45. Spain Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
46. Asia Pacific Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
47. Asia Pacific Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
48. Asia Pacific Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
49. Japan Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
50. Japan Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
51. Japan Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
52. China Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
53. China Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
54. China Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
55. India Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
56. India Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
57. India Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
58. South America Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
59. South America Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
60. South America Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
61. Brazil Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
62. Brazil Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
63. Brazil Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
64. Middle East and Africa Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
65. Middle East and Africa Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
66. Middle East and Africa Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
67. UAE Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
68. UAE Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
69. UAE Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
70. South Africa Acrylic Resin Industrial Coatings Market, By Type, 2019-2032 (USD Billion) (Ton)
71. South Africa Acrylic Resin Industrial Coatings Market, By Application, 2019-2032 (USD Billion) (Ton)
72. South Africa Acrylic Resin Industrial Coatings Market, By End Use, 2019-2032 (USD Billion) (Ton)
List of Figures
1. Global Acrylic Resin Industrial Coatings Market Segmentation
2. Acrylic Resin Industrial Coatings Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Acrylic Resin Industrial Coatings Market Attractiveness Analysis by Type
9. Global Acrylic Resin Industrial Coatings Market Attractiveness Analysis by Application
10. Global Acrylic Resin Industrial Coatings Market Attractiveness Analysis by End Use
11. Global Acrylic Resin Industrial Coatings Market Attractiveness Analysis by Region
12. Global Acrylic Resin Industrial Coatings Market: Dynamics
13. Global Acrylic Resin Industrial Coatings Market Share by Type (2023 & 2032)
14. Global Acrylic Resin Industrial Coatings Market Share by Application (2023 & 2032)
15. Global Acrylic Resin Industrial Coatings Market Share by End Use (2023 & 2032)
16. Global Acrylic Resin Industrial Coatings Market Share by Regions (2023 & 2032)
17. Global Acrylic Resin Industrial Coatings Market Share by Company (2022)
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