Rockville , Jan. 09, 2024 (GLOBE NEWSWIRE) -- The waterborne acrylic resin market is expected to grow at a 4.8% CAGR between 2024 and 2034, according to Fact.MR. By 2034, the global market for these products is expected to reach US$ 9,945.0 million. According to Fact MR, a provider of market research and competitive intelligence, the global waterborne acrylic resin market is rapidly growing and is expected to continue its growth trajectory in the coming years.
Increasing awareness of environmental issues and stringent regulations related to volatile organic compounds have driven the demand for environmentally friendly and low VOC coatings. Waterborne acrylic resins are often considered more environmentally sustainable than solvent based alternatives.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9324
Manufacturers offering customized solutions and tailored formulations to meet specific application requirements of end users can gain a competitive edge. The trend is particularly relevant as different industries have unique coating needs. The rise of e-commerce and digitalization in the chemical industry can facilitate easier procurement processes and provide a platform for manufacturers to reach a wider customer base, including in regions where traditional distribution channels may be limited.
The globalization of supply chains can create opportunities for market players to expand their presence in different regions and tap into emerging markets with increasing demand for coatings and resins. Increased awareness of health and safety considerations among consumers and industries may drive the adoption of coatings with lower toxicity, such as waterborne acrylic resins, especially in indoor applications.
| Report Attribute | Details |
| Value Projection (2034) | US$ 9,945.0 million |
| Growth Rate (2024-2034) | 4.8% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 32 Tables |
| No. of Figures | 96 Figures |
Key Takeaways from the Market Study
- In 2024, the global waterborne acrylic resin market is estimated to have a global market size of US$ 6,243.7 million.
- The paints and coatings are expected to dominate the market, with a market share of 21.4% in 2034.
- The packaging category is expected to hold a market share of 18.4% in 2024.
- China is predicted to acquire a 59.4% of the global market share in 2024.
- East Asia is expected to account for a CAGR of 5.7% by 2034.
“Collaborations between key players in the industry, as well as partnerships between manufacturers and raw material suppliers, can lead to the development of innovative products and solutions, fostering market growth,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- Dow Inc.
- Arkema SA
- Allnex GmbH
- Sherwin-Williams
- Covestro AG
- Lubrizol Corporation
- DIC Corporation
- Kansai Paint Co. Ltd.
- Sika AG
- BASF SE
Competitive Landscape
The waterborne acrylic resins market is shaped by pricing, distribution channels, customer service, and regulatory compliance to gain a competitive edge. Adapting to market dynamics and staying abreast of technological advancements are essential for sustained success in this dynamic industry.
Recent Development
In 2023, BASF introduced the ACRONAL® MB portfolio of acrylic binders tailored for Architectural Coatings in North America. The binders not only uphold the established quality and performance standards of the existing ACRONAL products of the company, but also contribute to a more sustainable paint can by minimizing the CO2 footprint.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9324
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global waterborne acrylic resin market, presenting historical analysis from 2019 to 2023 and forecast statistics for the period of 2024 to 2034.
The study reveals essential insights based on waterborne acrylic resin market analysis by end use industry (building and construction, automotive, furniture, packaging, paints and coatings, textiles, adhesives and sealants, others), and by region (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
Bio-based Coatings Market: The bio-based coating market is likely to cross a valuation of USD 28.50 Billion by end of 2032.
Coating Solvent Market: The coating solvent market is estimated at USD 9,244 Million in 2022 and is projected to reach USD 14,205 Million by 2032, growing at a CAGR of 4.4% from 2022 to 2032.
Paints and Coatings Market: The Paints and Coatings is expected to reach a valuation of US$ 263,205.2 Million in 2033.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
