The global acrylic resins market was valued at approximately USD 15.4 billion in 2021 and is projected to reach nearly USD 24.3 billion by 2030, growing at a CAGR of 5.2% during the forecast period (2022–2030). The market growth is primarily driven by the rising demand for durable, weather-resistant, and cost-effective coatings and adhesives across industries such as construction, automotive, electronics, and packaging. Increasing focus on sustainability, along with regulatory shifts toward low-VOC and waterborne resins, is reshaping innovation and product development within the sector.
Acrylic resin is a synthetic polymer derived from acrylic acid, methacrylic acid, and acrylate monomers. These resins are known for their excellent clarity, UV resistance, weatherability, and adhesion. Acrylic resins are commonly used in paints and coatings, adhesives, sealants, textiles, and plastic products.
Historical Growth and Evolution
Acrylic resins were first commercialized in the 1930s and gained widespread popularity in the post-war era due to their superior performance over traditional resins. Over the years, innovations in polymer chemistry have led to a diverse range of thermoplastic, thermoset, and waterborne acrylic resins, each tailored to specific applications such as protective coatings, construction materials, and automotive finishes.
Major Genres (Resin Types)
Thermoplastic Acrylic Resins: These have a high molecular weight and are soluble in organic solvents. They're widely used in topcoats and exterior paints for their excellent durability and weather resistance.
Thermoset Acrylic Resins: These form cross-linked structures upon exposure to heat or catalysts, making them suitable for high-performance industrial coatings.
Waterborne Acrylic Resins: Eco-friendly and low-VOC, these are increasingly favored in paints, adhesives, and architectural coatings.
Key Platforms
Architectural and Industrial Coatings
Automotive OEM and Refinish Coatings
Adhesives and Sealants
Textile and Leather Finishing
Plastics and Construction Components
Market Dynamics
Drivers
Growing construction and infrastructure development worldwide
Increasing demand for weather-resistant coatings in automotive and marine industries
Shift toward eco-friendly and low-VOC products in compliance with environmental regulations
Expanding usage in electronics and 3D printing applications
Restraints
Fluctuating raw material costs (acrylic acid and derivatives)
Environmental concerns with solvent-based resins
Intense competition from substitute resins (e.g., epoxy, polyurethane) in some applications
Opportunities
Rising demand for waterborne and UV-curable acrylics in green building initiatives
Technological advancements in resin formulation for high-performance coatings
Growing markets in Asia-Pacific and Latin America with increasing urbanization and industrialization
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Market Segmentation
By Type
Thermoplastic Acrylic Resins
Thermoset Acrylic Resins
Waterborne Acrylic Resins
Solvent-Borne Acrylic Resins
Others (UV-Curable, Powder Acrylics)
By Genre (Application)
Paints and Coatings
Adhesives and Sealants
Plastics and Polymers
Construction Materials
Automotive Parts and Finishes
Textiles and Nonwovens
By Distribution Channel
Direct Sales (Industrial/B2B)
Distributors and Wholesalers
E-commerce Platforms
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Competitive Landscape
Key Players and Strategic Insights
BASF SE – Leading supplier of high-performance acrylic resins, with a strong focus on sustainability and innovation in waterborne formulations.
Arkema S.A. – Offers a diverse range of acrylic resins under the "Crayvallac" and "EnVia" brands for coatings and adhesives.
Dow Inc. – Focuses on advanced polymer chemistry, particularly in thermoplastic acrylics for coatings and automotive applications.
Mitsubishi Chemical Corporation – Well-established in APAC markets, offering solvent-based and UV-curable acrylic resins.
Sasol Limited – Supplies acrylic acid and derivatives used in downstream resin production.
DSM Coating Resins – Specializes in bio-based and waterborne resin technologies for sustainable solutions.
Nippon Shokubai Co., Ltd. – Strong presence in acrylic acid production and resin intermediates.
Kraton Corporation – Known for specialty polymers and advanced acrylic copolymers.
Strategic priorities among key players include product diversification, expansion into emerging markets, mergers and acquisitions, and sustainability-focused R&D.
Region-wise Trends
North America: Driven by architectural coatings, infrastructure upgrades, and demand for green building materials.
Europe: Mature market with strong regulatory push toward low-emission, waterborne, and sustainable acrylics.
Asia-Pacific: Fastest-growing market due to rapid urbanization, industrial growth, and high demand from automotive and construction sectors (especially in China, India, and Southeast Asia).
Latin America: Moderate growth with expanding paints and coatings demand in residential construction.
Middle East & Africa: Rising infrastructure investments and climate-resistant coating needs contribute to gradual market uptake.