The global acrylic resins industry size is expected to showcase significant growth by reaching USD 28,051.3 million by 2028. Fortune Business Insights in its latest report, titled “Acrylic Resins Market, 2021-2028.”, mentions that the market stood at USD 19,115.9 million in 2020 and is projected to exhibit a CAGR of 4.8% between 2021 and 2028. The increasing demand for advanced paints and coatings and the increasing industrial application of the product will bode well for the growth of the market. According to Sherwin Williams, the global demand for paints and coatings was about 9.8 billion gallons in 2019 and is likely to accelerate at a steady pace in the forthcoming years.
COMPETITIVE LANDSCAPE
Eminent Companies Focus on Merger and Acquisition to Intensify Industry Competition
The market comprises small, medium, and large companies focusing on establishing their footprint and gaining a competitive edge over their rivals. The major companies are acquiring other small companies to expand their acrylic resins portfolio and boost their sales revenue to contribute to market growth. Other key players are adopting organic and inorganic growth strategies that will bode well for the growth of the market during the forecast period.
Industry Development:
- September 2020 – Dow unveiled the INVISUTM Acrylic Adhesive portfolio for the North American region. The product is expected to be adopted extensively in several industrial applications such as pressure-sensitive paper and film marking.
List of the Companies Profiled in the Global Market:
- Dow (US)
- BASF SE (Germany)
- Arkema (France)
- Mitsubishi (Japan)
- Nippon Shokubai (Japan)
- DSM (Netherlands)
- Mitsui Chemicals (Japan)
- DIC Corporation (Japan)
- Sumitomo (Japan)
- Other Key Players
Information Source:
https://www.fortunebusinessinsights.com/acrylic-resins-market-105159
