Global Acrylic Resin Market Size, Share, Growth Analysis Report - Forecast 2034

Acrylic Resin Market Size And Industry Analysis

The global acrylic resin market size was worth around USD 22.56 Billion in 2024 and is predicted to grow to around USD 38.91 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.6% between 2025 and 2034. The report analyzes the global acrylic resin market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the acrylic resin industry.

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Acrylic Resin Market: Overview

Acrylic resin is a thermoplastic or thermosetting material commonly produced from the monomers acrylic acid, methacrylic acid, and acrylate. Acrylic resins are frequently utilized in various consumer goods and industrial products because of their high transparency and durability. Polyols are acrylic resins manufactured from monomers like methyl methacrylate and are intended for usage in two-component systems. Additionally, well-known for their superior oxidative and UV resilience are acrylic resins. Both solvent-based systems and aqueous emulsions are available for acrylic resins.

The viscosities of both systems can be adjusted to meet the requirements of ballistic molding applications for prepregs made of textiles or uni tape fiber that contain little resin. Acrylic resins are widely known for having significant oxidative and UV stability. The market is anticipated to rise as more end-use sectors, including building & construction and automotive, increase their use of acrylic resins. Additionally, due to their great adherence, acrylic resins are frequently utilized as major binders in paints and coatings. However, the negative impacts of acrylic resins made with solvents and environmental laws about high volatile organic compounds (VOCs) could have a detrimental effect on the market's expansion.

Key Insights

• As per the analysis shared by our research analyst, the global acrylic resin market is estimated to grow annually at a CAGR of around 5.6% over the forecast period (2025-2034).
• Regarding revenue, the global acrylic resin market size was valued at around USD 22.56 Billion in 2024 and is projected to reach USD 38.91 Billion by 2034.
• The acrylic resin market is projected to grow at a significant rate due to Demand from coatings, adhesives, and construction sectors drives growth. Fast-drying, UV-resistant, and weatherproof properties support broad application use.
• Based on Type, the Thermoplastic segment is expected to lead the global market.
• On the basis of Form, the Solvent-based segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Paints & Coatings segment is projected to swipe the largest market share.
• By End-user, the Building & Construction segment is expected to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

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Acrylic Resin Market: Growth Drivers

Increased development and infrastructure work will increase the demand for acrylic resins

In recent years, the demand for acrylic resins has increased due to the rapid industrialization and urbanization of important nations like China and India. High-performance materials are needed in the architecture and construction sectors for protective and ornamental objectives. For use in building and construction, acrylic resin-based products, including paint, coatings, adhesives, and sealants, must exhibit extremely high levels of consistency in quality, performance, and cost-effectiveness. As a result, the building and construction industry is seeing an increase in demand for systems based on acrylic resin. The demand for better housing and infrastructure in developing nations, particularly in the Asia Pacific, is anticipated to increase the global demand for acrylic resins.

Acrylic Resin Market: Restraints

Environmental and health concerns may hamper the growth of the market

One of the main factors holding back the global acrylic resin market is the negative consequences of solvent-based systems on people's and the environment's health. Solvent-based systems pose acute health dangers to users in the form of headaches, lightheadedness, and dizziness, resulting in unconsciousness and seizures. Additionally, these systems might irritate your eyes, throat, and nose. VOCs included in paint systems are harmful to both people and the environment. VOCs are released while the paint dries or cures. The body degrades when exposed to VOCs, which can cause everything from headaches to allergic and asthmatic symptoms. These can also stress important body organs, including the heart and lungs.

Acrylic Resin Market: Opportunity

Increasing demand for ecologically friendly formulations will create new opportunities for the market

The market must be sustained in the ensuing years, which requires the development of bio-based resin systems. The primary objective of producing green or bio-based paints and coating systems is environmental sustainability. Every phase of the coating's life cycle, from raw materials to resin production and formulation level, is covered by environmental sustainability. Most raw materials used in coatings are made from fossil fuels like coal, oil, and natural gas. With the discharge of greenhouse gases, misusing these resources significantly negatively impacts the environment. Comparing raw materials from plant biomass to their traditional counterparts reveals their advantageous qualities. Still employed in small volumes in coating compositions are plant-based ingredients like linseed and soya oils.

Acrylic Resin Market: Challenge

Stringent guidelines and limitations will pose a huge challenge to the growth of the market

Regulatory frameworks and limitations on the use of paints and coatings vary nationwide. Manufacturers must update and adapt their processes to comply with new standards due to variations in coating rules. Products that don't meet the specifications can't be sold in those markets. According to need and to regulate emissions from certain formulations, acrylic resins are employed in various sectors. The current laws are based on the concentration of VOCs in exhaust gases. Still, according to industrial strategy, it would be preferable in the long run for restrictions to be based on air quality standards or emission limit values represented as the mass of total emissions.

Acrylic Resin Market: Segmentation Analysis

The global acrylic resin market is segmented based on Type, Form, Application, End-user, and region.

Based on Type, the global acrylic resin market is divided into Thermoplastic, Thermosetting.

On the basis of Form, the global acrylic resin market is bifurcated into Solvent-based, Water-based, Solid, Others.

By Application, the global acrylic resin market is split into Paints & Coatings, Adhesives & Sealants, Construction, Automotive, Electronics, Textiles.In terms of End-user, the global acrylic resin market is categorized into Building & Construction, Automotive, Industrial, Packaging, Others.

Acrylic Resin Market: Report Scope

Acrylic Resin Market: Regional Landscape

The Asia Pacific dominated the acrylic resin market in 2021

The global acrylic resins market was dominated by the Asia Pacific, which held a share of more than 41% in 2021. Expanding important sectors, including infrastructure, electronics, automotive, and healthcare, define the area's market. The government's support for manufacturing, particularly in China and India, through tax incentives and flexible rules should have a good effect on the region's output of acrylic resin.

The Asia-largest Pacific market is China. As a result of China's government's focus on reducing volatile components in resins, demand for diverse water-based acrylic resins for coating applications is on the rise. The booming building industry in developing nations and large investments in key sectors are to blame for the expanding acrylic resin market. The main applications for acrylic resins are in the construction and industrial sectors. Acrylic resins have been in particularly high demand in the region for car lamp covers, aquarium tanks, coatings, and construction materials.

Recent Developments

• In September 2020, Dow expanded its focus on the label business with the North American launch of its INVISUTM Acrylic Adhesive portfolio, the latest innovation for pressure-sensitive paper and film label applications. The new technologies make it easier for producers of label stock, converters, and brand owners to meet the evolving demands of the business.

Acrylic Resin Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the acrylic resin market on a global and regional basis.

The global acrylic resin market is dominated by players like:

• BASF SE
• Arkema
• The Dow Chemical Company
• Mitsubishi Chemical Holdings
• Sumitomo Chemical
• DIC Corporation
• DSM
• Mitsui Chemicals
• Nippon Shokubai Co.
• Showa Denko Materials
• Aekyung Chemical Co. Ltd. Allnex
• Berger Paints India Ltd.
• Fujikura Kasei Co. Ltd.
• Innotek Technology Ltd.
• Geo Specialty Chemicals
• Lubrizol
• Momentive Performance Materials
• Jotun
• Kamsons Chemicals Pvt. Ltd.
• Rohm
• Solvay
• Sun Polymers Inc.
• Synthomer (Omnova)
• and Yip’s Chemical Holdings Ltd.

The global acrylic resin market is segmented as follows;

By Type

• Thermoplastic
• Thermosetting

By Form

• Solvent-based
• Water-based
• Solid
• Others

By Application

• Paints & Coatings
• Adhesives & Sealants
• Construction
• Automotive
• Electronics
• Textiles

By End-user

• Building & Construction
• Automotive
• Industrial
• Packaging
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America