Global Thermosetting Acrylic Resin Market by Type (Acrylates, Methacrylates), By Application (Paints & Coatings, Paper & Paperboard, Plastics, Adhesives, Construction, Extiles & Fibers) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Thermosetting Acrylic Resin Market size is projected to grow at a CAGR of 4.8% during the forecast period. The Thermosetting Acrylic Resins industry has been witnessing significant growth in the past few years due to its high demand from various end-user industries such as paints & coatings, paper & paperboard, and plastics.

Thermosetting acrylic resins are a type of plastic with a variety of uses. They have similar properties to both thermosets and thermoplastics, which means they can be used in applications where heat resistance is important as well as those where ease of processing or changes after production might be required. Thermosetting acrylic resin offers a number of benefits to the end customer. The key features include high resolution, good printability, and chemical resistance.

On the basis of Type, the global thermosetting acrylic resin market is segmented into acrylates and methacrylates.

Acrylates:

The acrylates type of thermosetting acrylic resin is the most commonly used form in commercial application due to its high compatibility with different substrates. The features of acrylates type of thermosetting acrylic resin are: High impact strength, excellent chemical and heat resistance, Wide variety of product types, colors, and finishes. It has the following advantages: -Good flow and leveling properties.-Long open time, suitable for large area coating applications such as wall paints or concrete floor coatings. -Can be used in the manufacture of high solids products since they are free from solvent odor at application temperatures below 70 degrees Celsius.

Methacrylates:

Methacrylates is the type of thermosetting acrylic resin. One of the advantages of the methacrylates type is its good resistance to hydrolysis. Methacrylate also exhibits excellent weather ability, chemical resistance, and high gloss retention. The features of methacrylates type of thermosetting acrylic resin are: Methacrylates are produced through the reaction between an acrylate and a methyl or benzoyl halide. Methacrylates are used in paints & coatings, paper & board, plastics, and construction. Methacrylate resin is expected to be the fastest-growing segment during the forecast period.

On the basis of Application, the global thermosetting acrylic resin market is segmented into Paints & Coatings, Paper & Paperboard, Plastics, Adhesives.

Paints & Coatings:

It is used to manufacture paints and coatings, which are mainly applied on metal surfaces. These resins work as binders in the manufacturing of different coatings such as water-based paint and latex coating. The thermosetting acrylic resin is used as a solvent in the paints and coatings industry. The resin helps to eliminate water from paint or varnish solutions, which makes drying faster by reducing the amount of free moisture that would otherwise be available for evaporation during application to substrate surfaces.

Paper & Paperboard:

Thermosetting acrylic resins are used as a binder in the paper & paperboard industry. These binders help to impart strength and stiffness to these products, thereby increasing their durability. The use of thermosetting acrylates resin increases the printing quality on the surface of pulp fibers by making them smooth with a uniform thickness. Furthermore, this strengthens the inter-fiber bonding which reduces the chances of cracking during processing or converting into finished goods such as boxes for packaging articles like food items or electronic equipment, etc., thus reducing the cost per page print from pulping mills.

Plastics:

Thermosetting acrylic resin is used in the plastics industry, where it is applied as an adhesive agent for other materials. The Plastics industry uses thermosetting acrylic resin in various applications to produce various products. Some of the common examples include photography, printing, and packaging materials. These resins are widely used for manufacturing adhesives that hold other components together, while still allowing movement between them.

Adhesives:

Thermosetting acrylic resins are used in the Adhesives industry for waterproof and pressure-sensitive applications. The thermosetting acrylic resin is used in the adhesives industry to form a chemical bond between surfaces. These resins are thermoplastic and have good compatibility with various materials, which makes them suitable for applications in multiple industries including automotive, construction, textiles, etc.

On the basis of Region, the global thermosetting acrylic resin market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2019, Europe held the largest share of the thermosetting acrylic resin market global. In terms of consumption North America is predicted to show a gradual increase over the forecast period while the Asia Pacific region will exhibit a strong growth rate due to increasing demand from end-use industries such as construction and adhesives which have a positive outlook for the future years.

Growth Factors For The Global Thermosetting Acrylic Resin Market:

The global thermosetting acrylic resin market is expected to witness a steady growth rate during the forecast period. Factors such as growing demand from end-use industries, increasing penetration of smart homes and offices, rise in applications in the automotive industry are driving this market globally. In addition, factors such as rapid industrialization and urbanization worldwide will further boost the growth of the market for thermosetting acrylic resins over the next few years. Furthermore, an increase in government initiative towards improving infrastructure & buildings across developing economies would facilitate an upsurge in demand for these products.

Up Market Research published a new report titled “Thermosetting Acrylic Resin Market research report which is segmented by Types (Acrylates, Methacrylates), By Applications (Paints & Coatings, Paper & Paperboard, Plastics, Adhesives, Construction, Extiles & Fibers), By Players/Companies Air Products and Chemicals, Inc., Arkema S.A, Asahi Kasei Corporation, BASF SE, DIC Corporation, Unigel S.A. (Brazil), Evonik Industries AG (Germany), Formosa Plastics Corporation (Taiwan), Kaneka Corporation (Japan), Kuraray Co., Ltd. (Japan), LG Chem Ltd. (South Korea), Mitsubishi Rayon Co., Ltd. (Japan), Lucite International (UK), Mitsubishi Rayon Polymer Nantong Co., Ltd. (China), Mitsui Chemicals, Inc. (Japan), Anderson Development Company, Inc. (US), Nippon Shokubai Co., Ltd. (Japan), Plaskolite, Inc. (US), PPG Industries, Inc. (US), Reichhold, Inc. (US), Royal DSM N.V. (The Netherlands), Solvay (Belgium), Sumitomo Chemical Co., Ltd. (Japan), DuPont, The Valspar Corporation (US)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Thermosetting Acrylic Resin Market Report Segments:

The market is segmented by Type Acrylates, Methacrylates and By Application Paints & Coatings, Paper & Paperboard, Plastics, Adhesives, Construction, Extiles & Fibers.

Some of the companies that are profiled in this report are:

1. Air Products and Chemicals, Inc.
2. Arkema S.A
3. Asahi Kasei Corporation
4. BASF SE
5. DIC Corporation
6. Unigel S.A. (Brazil)
7. Evonik Industries AG (Germany)
8. Formosa Plastics Corporation (Taiwan)
9. Kaneka Corporation (Japan)
10. Kuraray Co., Ltd. (Japan)
11. LG Chem Ltd. (South Korea)
12. Mitsubishi Rayon Co., Ltd. (Japan)
13. Lucite International (UK)
14. Mitsubishi Rayon Polymer Nantong Co., Ltd. (China)
15. Mitsui Chemicals, Inc. (Japan)
16. Anderson Development Company, Inc. (US)
17. Nippon Shokubai Co., Ltd. (Japan)
18. Plaskolite, Inc. (US)
19. PPG Industries, Inc. (US)
20. Reichhold, Inc. (US)
21. Royal DSM N.V. (The Netherlands)
22. Solvay (Belgium)
23. Sumitomo Chemical Co., Ltd. (Japan)
24. DuPont
25. The Valspar Corporation (US)

Thermosetting Acrylic Resin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Thermosetting Acrylic Resin Market

Overview of the regional outlook of the Thermosetting Acrylic Resin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Thermosetting Acrylic Resin Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Thermosetting Acrylic Resin Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Acrylates

                2. Methacrylates

                1. Paints & Coatings

                2. Paper & Paperboard

                3. Plastics

                4. Adhesives

                5. Construction

                6. Extiles & Fibers

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Thermosetting Acrylic Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
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Reasons to Purchase the Thermosetting Acrylic Resin Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.