Acrylic Resin (Emulsion Type) Manufacturing Industry. Business Opportunity in Synthetic Resins. Acrylic Emulsion Resin Plant

Acrylic resins can be defined as a group of related thermoplastic or thermosetting plastics, primarily derived from acrylic acids. They are used in paints and coatings industry to provide glossy finish. In the construction industry, they are used as glazing, light fixtures, in sanitary wares, and others.

Acrylic resins, thermoplastic materials derived from compounds such as acrylic acid, methacrylic acid, etc., have an array of applications. This is because they feature durability, transparency, adherability, water resistance, hardness, heat resistance, weather resistance, and glossy external appearance.

The use of acrylic resins has continued to grow in popularity across the globe, and it is considered an affordable yet durable material for manufacturing various products. Versions of acrylic resin are used to produce aquarium windows, cell phone display screens, and bathtub liners, as well as vehicle head and tail lights Acrylic resins feature excellent transparency and durability, and are used in a broad range of applications from consumer items like lenses to industrial products like molding materials, coatings and adhesives. In addition, acrylic resins are also used in other areas, such as binders for paper/fiber processing, PC screens, display windows for cellular phones and light guide panels for liquid crystal display (LCD) backlights.

Acrylic resins are primarily based on acrylate and methacrylate monomers and provide good weather resistance, resistance to hydrolysis, gloss and color retention in exterior applications. Due to their versatility and performance, acrylic coatings account for over 25% of all coatings and global sales approaching $25 billion. Acrylic resins can be thermoplastic or thermoset and are used in organic solvent born, waterborne, powder and radiation-curable coatings.

Increasing market penetration in medical devices and automotive industry is expected to remain a key driving factor for acrylic resins market demand over the forecast period. Acrylic resins are widely used to manufacture automotive interiors, exterior panels and instrument clusters. Growth of automotive industry, particularly in China, India and Brazil, coupled with increasing government intervention regarding weight reduction in vehicles has driven the demand for thermoplastics. This trend is expected to have a positive influence on the market growth. Increasing preference for acrylic resins in medical devices as an alternative to PVC and polyethylene on account of health hazards associated with them has helped in development of overall market.

Rapid urbanization and industrialization particularly in emerging economies across the globe have prompted governments to increase construction spending. This trend is expected to drive acrylic resin demand in construction and architectural applications. Acrylic resins based on methyl methacrylate (MMA) are used in optical printed circuit boards of LED screens. Increasing disposable income has driven the demand for electronics across the globe. This trend coupled with growth of electronics industry in Asia, particularly Taiwan, South Korea and China, are expected to further fuel the market growth. Market participants are expected to face challenge mainly in the form of volatile raw material prices and growing environmental concerns degradability of plastics. Heavy investment in R&D by companies to develop bio-based raw materials to counter such challenges is expected to yield opportunities.

The global acrylic resin market to grow at a CAGR of 4.41% during the period 2017-2021. This growth of the construction industry will fuel the demand for acrylic resins for end-user applications such as paving and roofing and adhesives and sealants.

Increasing demand from developing economies across the world is driving the growth of this market. There are certain factors, however, such as, environmental impact and associated regulations and high price of raw materials, are expected to hinder the growth of this market.

Demand for acrylic resins is dependent on the health of the economy and dynamics in various end-use and downstream markets such as coatings, textiles, paper and adhesives in addition to detergents, personal care products, superabsorbent polymers, and wastewater treatment chemicals, among others. In the coming years, the acrylic resins market is expected to register steady growth driven by a recovering economy and increasing demand from end-use industries such as the construction, electronics and automotive sectors.

The Acrylic Resins Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, the Asia Pacific region holds a major share of the market due to growing consumption of acrylic resins in paints & coatings, construction, paper & paperboard, textiles, and others. The paints & coatings segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as adhesion, light-weight, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.

The global acrylic resin market can be segmented on the basis of its raw materials, property of solvency, application, and the regions. The market for acrylic resin is segmented by raw material of products as methacrylates, acrylates, hybrids, and others. On the basis of the type of solvency, the acrylic resin market is divided into solvent-borne, waterborne and solids. Application-based segmentation of acrylic resin market can be seen through its utilization in paints and coatings, industrial and commercial, construction, paper and paperboard, plastics, textile and fibers and adhesives.

In the construction industry, acrylic resin is used for glazing, light fixtures, and in sanitary wares. Use of acrylic resin is also visible in manufacturing automotive interiors, exterior panels, and instrument clusters. A varied use for acrylic resin is visible and hence there is a general growth in its demand in the market globally.

The demand for the acrylic resin is increasing in developing countries like India, Brazil, China, and Mexico, due to their increasing use in the paints and coatings industry, providing a glossy finish. In addition, its sustainability in different weather conditions will lead to an increase in the demand for acrylic resins in the forecast period.

The global acrylic emulsions market is projected to reach USD 8.94 Billion by 2022, from USD 5.59 Billion in 2016, at a CAGR of 8.2%, in terms of value. The base year considered for this study is 2016 while the forecast period is from 2017 to 2022. Acrylic emulsions are used for many applications, such as adhesives & sealants, paints & coatings, paper coatings, construction additives, and others across a wide range of industries. Acrylic emulsions are used to enhance various properties such as adhesion, binding, thickness, luster, and surface protection.

Rising disposable incomes leading individuals to spend substantially high amounts on superior quality decorative paints for interior and exterior use is boosting the demand for acrylic emulsions in paints and coatings.

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