Rockville, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global acrylic epoxy hybrid market was valued at US$ 913.4 million in 2024 and is projected to grow at a CAGR of 6.5% to end up at US$ 1,714.6 million by 2034.
Acrylic epoxy hybrid market is one of the fastest-growing markets presently, due to increasing demand emanating from various end-use sectors, especially construction, automotive, and industrial coatings. The state-of-the-art coating technology combines superior durability and chemical resistance associated with epoxy and the acrylics' weather resistance and aesthetic appeal, thus offering a multi-dimensional product to meet a wide range of market demands. The construction sector remains the most prominent end-user of acrylic epoxy hybrids, as these coatings are used to protect concrete, apply that is applied to flooring, and finished buildings. The market dynamics are also influenced by growing environmental regulations and changing consumer preferences for eco-friendly coating solutions. Such factors have persuaded manufacturers to introduce innovations by formulating low-VOC and water-based acrylic epoxy hybrids, which enjoy significant acceptance in relatively more developed markets. The Asia-Pacific region leads in market growth, while China and India are the main growth drivers due to rapid industrialization and large-scale infrastructure development projects.
Advances in technology in the polymer science field have enabled value formulations with improved adhesion, faster curing times, and other performance characteristics. This, in turn, has expanded the applications of acrylic epoxy hybrids in specialized industries such as marine coatings and aerospace. The market also continues to benefit from an increase in renovation and refurbishment projects in developed economies, where such coatings are preferred for their durability and attractiveness.
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Key Takeaways from Market Study
- The global acrylic epoxy hybrid market is projected to grow at 6.5% CAGR and reach US$ 1,714.6 million by 2034
- The market created an opportunity of US$ 801.2 million between 2024 to 2034
- North America is a prominent region that is estimated to hold a market share of 34.9% in 2024
- Acrylic modified epoxy segment is estimated to grow at a CAGR of 6.6% creating an absolute $ opportunity of US$ 442.1 million between 2024 and 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 499.9 million collectively
“Anchoring performance with sustainability, the ingredients have gained success in the marketplace. All investors should pay attention to the emerging opportunities brought on by sustainable formulation and Asia-Pacific expansion-even with possible challenges such as raw material costs.” says a Fact.MR analyst.
Leading Players Driving Innovation in the Acrylic Epoxy Hybrid Market:
BASF SE; Dow Chemical Company; Huntsman Corporation; Covestro AG; AkzoNobel N.V.; PPG Industries, Inc.; Sherwin-Williams Company; RPM International Inc.; Jotun Group; Eastman Chemical Company; Other Prominent Players
"Quality Performance Standards and Innovation Are Priorities in US Industries"
The acrylic epoxy hybrid market in the US is expected to reach a value of US$ 229.5 million in 2024 and grow at a compound annual growth rate (CAGR) of 6.5% until 2034, creating an absolute potential of US$ 201.8 million.
This is explained by elements that fit the US industrial environment, where important sectors are sensitive to quality and innovation. Because the automotive and construction industries need materials that can endure extreme conditions, acrylic epoxy hybrids are useful in terms of adhesion, flexibility, and durability. Producers are therefore compelled to employ cutting-edge hybrid solutions due to strict quality and ecological restrictions. Due of stringent quality control in the US, businesses are compelled to use acrylic epoxy hybrids in order to comply with legal and industrial requirements. This tendency is accelerated by the emphasis on sustainability, as producers create environmentally friendly formulas that satisfy customer preferences and legal requirements.
Manufacturers can provide customized solutions that increase the adoption rate of acrylic epoxy hybrid thanks to the United States' strengths in hybrid formulation R&D. The United States is one of the top markets for these acrylic epoxy hybrids because to strict regulations, high quality standards, and a thriving innovation ecosystem.
Acrylic Epoxy Hybrid Market Industry News:
- In Aug 2024, BASF SE introduced a new eco-friendly acrylic epoxy hybrid targeting industrial coatings with low VOC emissions
- In July 2022, DIC Corporation Acquired Guangdong TOD New Materials Co., Ltd., enhancing its presence in the Asian coating resin market
- In Sep 2023, Huntsman International LLC Developed a fast-curing acrylic epoxy hybrid with improved corrosion resistance for marine applications
- In Nov 2021, Solvay Released a waterborne emulsifier specifically for acrylic epoxy hybrids to meet sustainability requirements in industrial coatings
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global acrylic epoxy hybrid market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of tType (acrylic modified epoxy, epoxy modified acrylic), formulation type (waterborne, solvent-borne, powder coatings), application (coatings, sealants, encapsulation materials, adhesives), end-user industry (automotive industry, construction industry, manufacturing, electronics and electrical, oil and gas, consumer goods) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
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