Acrylic Resins Market Size & Outlook, 2025-2033

Acrylic Resins Market Overview

The global acrylic resins market size was valued at USD 22.71 billion in 2024 and is projected to reach from USD 23.87 billion in 2025 to USD 35.53 billion by 2033, growing at a CAGR of 5.1% during the forecast period (2025-2033). The growth of the market is attributed to flourishing building and construction projects and soaring demand from automotive industry.

Key Market Indicators

• Europe dominated the Acrylic Resins industry in 2024, accounting for the largest revenue share and is projected to grow at a CAGR of 4.9% during the forecast period.
• Based on type, the Water-Based segment led the market in 2024, holding the highest share and is estimated to expand further at a CAGR of 5.9% owing to rising demand for low-VOC coatings.
• Based on application, the Paints & Coatings segment is the dominant application segment, contributing the largest share and expected to grow at a CAGR of 6.2% between 2025 and 2033.
• Based on end-User, the Building & Construction segment held the largest share in 2024, and is forecasted to progress at a CAGR of 4.7%, driven by rising housing and infrastructure projects worldwide.

Market Size & Forecast

• 2024 Market Size: USD 22.71 Billion
• 2033 Projected Market Size: USD 35.53 Billion
• CAGR (2025–2033): 5.1%
• Europe: Largest market in 2024
• Asia-Pacific: Fastest-growing region

A thermoplastic or thermosetting polymer called acrylic resin is the main binder for coatings and additives. Acrylic resins come in both water-based and solvent-based varieties. Acrylic resin has a density of 1.01 to 1.19 g/cc. Acrylic resins have high water resistance, high adhesion, and crack resistance. Paints, varnishes, adhesives, and sealants are a few common uses for acrylic resins.

The primary driver of market expansion is increased demand for acrylic resins in building and construction projects. Additionally, due to their excellent adherence, acrylic resins are employed as the primary binders in paints and coatings. The demand for these resins is further fueled by the expansion of smart city initiatives in North America and Asia-Pacific. Rapid urbanization will increase the need for better housing and infrastructure, which will be essential to the market's expansion.

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Acrylic Resins Market Growth Factors

Flourishing Building and Construction Projects

Rapid urbanization has increased the demand for acrylic resin materials used in coating and wall painting. Due to migration policies and income disparities between urban and rural areas, emerging economies like China and India are seeing many people move to urban areas. More than 60% of people in China reside in urban areas, according to the seventh population census conducted in 2020. Growth in new investments in national construction projects results from such a significant shift. Additionally, one of the major variables that affect market growth is the increase in population in Asia-Pacific. By 2050, there will be 5.2 billion people living in Asia-Pacific, representing around 60% of the world's population (an increase of 0.9 billion).

Soaring Demand from Automotive Industry

In the automotive sector, acrylic resins are utilized as exterior and interior coating additives. The demand for automobiles has significantly increased in every region. The rise in disposable income and popularity of private vehicles is blamed for this. Automobiles are protected against environmental threats using acrylic resins. For a more natural appearance and high gloss following coating, solvent-based resins are typically employed. During the anticipated period, these variables are anticipated to fuel market expansion.

Market Restraint

Adverse Effects of Volatile Content and Government Regulation

Unlike water-based acrylic resins, solvent-based acrylic resins have a high volatile percentage. Due to their high solvent evaporation, solvent-based resins can be dangerous for workers in small areas. This may cause headaches, light-headedness, and dizziness, escalating to unconsciousness and seizures. These systems can also irritate the nose, eyes, and throat. The advent of resin formulations with lower solvent concentrations, lower average molecular weights, and improved functionality is also a result of environmental restrictions to minimize the volatile organic compounds (VOCs) in acrylic resins. During the forecast period, these factors are anticipated to hinder the global acrylic resins market.

Market Opportunity

Development of Bio-Based Acrylic Resin Systems

The development of bio-based resin systems is not new; however, due to its performance limitations, it is not preferred over conventional acrylic resins. Nonetheless, concentrating on bio-based substitute products would support the market for acrylic systems. One of the top chemical producers, Arkema, introduced the Plexiglas bio-based acrylic resin system. In place of resins made from petroleum, it uses a biopolymer. New market prospects are anticipated in the upcoming years due to such advances.

Regional Analysis

Europe is the largest region in the global acrylic resins market and is estimated to grow at a CAGR of 4.9% during the forecast period. Germany is the maximum revenue contributor in this region, owing to increased demand for protective paints & coatings in the automotive industry. After 2016, the paints & coatings market reached a stable stage through consumer spending, investments in infrastructure, and housing development in European Union. Furthermore, a surge in demand from the automotive industry in countries such as Germany, Spain, and France largely influenced the market growth for acrylic resins.

Asia-Pacific Acrylic Resins Market Trends

Asia-Pacific is the fastest-growing region. It is projected to reach USD 11,300 million by 2030, growing at a CAGR of 6.2%. The Asia-Pacific coatings industry holds around 46% of the global market share. A rise in demand for paints & coatings from various end-use industries drives the growth of the market in this region. Furthermore, China is among the world's most attractive markets, from pharmaceuticals to medical products. China's healthcare sector grows at an astonishing rate, owing to favorable demographic trends, urbanization, an increase in disease burden, overall economic expansion, and income growth. These factors drive this region’s healthcare sector, which boosts the global market.

North America Acrylic Resins Market Trends

North America is the third-largest region. The building & construction market is expected to grow significantly in all the three countries covered in this region, the US, Canada, and Mexico. The automotive industry is also expected to register substantial growth during the forecast period. These factors will likely increase demand for automotive coatings and refinishes based on acrylic resins. Some significant suppliers of acrylic resins in North America include Dow, Dymax Corp., and SAE Manufacturing Specialties Corp. These industry players are adopting various strategic moves such as acquisition and product launch to tackle the immense market competition. For instance, in 2020, Dow launched INVISU, a waterborne acrylic adhesive in North America. Thus, the demand and supply of acrylic resins and their related products are expected to remain on a steady growth curve during the forecast period in the region.

Market Segmentation

Solvency Insight

Water-Based acrylic resins are the highest shareholder and are estimated to grow at a CAGR of 5.9% during the forecast period. The emphasis on water-based acrylic resins in coating applications is expected to drive market growth. Acrylic resin is used as a primary binder for industrial coatings. Moreover, concerns from governments regarding the volatile organic content (VOC) of solvent-based acrylic resins will increase the demand for water-based acrylic resins. Industry players are focusing on expanding the application of water-based coatings in buildings and construction industries to replace alkyd resin and conventional acrylic resins. This will provide growth opportunities for the market during the forecast period.

Solvent-Based acrylic resins are the second-largest segment, owing to strong demand from the construction, automotive, and packaging industries. Residential owners are looking for decorative exterior coatings to protect concrete and masonry while enhancing the surface's natural appearance. The solvent-based coating is more effective in natural finishing than water-based coatings. Moreover, alternatives such as epoxy and urethane are less breathable for outdoor coatings than acrylic resin-based formulations, making solvent-based acrylics a suitable option for exterior coatings of buildings and construction.

Application Insight

The market's most significant contributor, Paints & Coatings, is anticipated to expand at a CAGR of 6.2% throughout the projected period. The main factor driving the market is expected to be the demand for paints and coatings in building and construction projects. For painting outdoor masonry and concrete walls, acrylic resin is frequently utilized. Due to their capacity to offer robust protective coatings, industrial paints based on solvent-based acrylic resins are in high demand. As a result, they are frequently employed in topcoats, such as on vehicle bodywork. A coating shields the surface from heat, pollution, and other environmental threats that develop when the paint dries. Acrylic resins are adaptable and provide good weathering, abrasion, and chemical wear and tear resistance. These variables currently influence the demand for paints and coatings made of acrylic.

The Others segment includes the casting of polymer, injection molding, and extrusion. The molded polymer can be used in various end-use industries, including building, construction, and consumer goods. Demand for these applications is low compared to other segments. This is attributed to the availability of other alternatives such as epoxy resin, glass, polyurethane, alkyd, and silicone. Moreover, it is susceptible to scratches compared to glass and requires daily maintenance to keep it clean. However, steady demand for cost-effective polymers for small and medium-sized projects also supports the segment growth.

End-User Insight

The Building & Construction segment is the highest contributor to the market and is estimated to grow at a CAGR of 4.7% during the forecast period. The rise in emphasis on construction projects in the residential and commercial sectors is expected to drive market growth. Acrylic resins can be used as exterior and interior concrete sealers. These are used on different concretes, bricks, cement, brick walls, and other masonry materials used for construction. Acrylic resins are designed to react against heat or moisture and offer coatings with excellent resistance to organic solvents, UV light, and moderately high temperatures.

The Packaging segment is the fastest growing. Demand for packaging materials from many end-use industries like food manufacturers and retail stores is expected to drive market growth. Traditional supermarkets and retail stores selling food products such as dry food, frozen, liquid, and fast food, require a large number of packaging and paperboard, including paper bags, multiwall paper sacks, paper-based tubes, and packaging papers.

These packages contain acrylic resins that protect against environmental hazards such as a wide temperature range, pollution, and moisture. These are found at the point of sale and distribution centers for various primary and secondary packaging. The demand for paper-based packaging is projected to increase in the coming years as countries try to cut out on plastic-based packaging. This factor is expected to provide a significant market opportunity for acrylic resin coatings for packaging.

There is a significant increase in demand for Automotive across all regions. This is attributed to the rise in disposable income and the prominence of private cars. Acrylic resins are used for protection in automotive interior and exterior coatings. The solvent-based acrylic resins are mainly used for a more natural finish and high gloss after coating. Furthermore, the growth in population in emerging economies such as China and India further fuel the market demand.

List of key players in Acrylic Resins Market

1. BASF SE
2. Arkema
3. The Dow Chemical Company
4. Mitsubishi Chemical Holdings
5. Sumitomo Chemical
6. DIC Corporation
7. DSM
8. Gellner Industrial
9. Thermax 
10. Trinseo

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Recent Developments

• August 2025: BASF launches Acronal 1542 ECO, a styrene-acrylic dispersion designed for elastic coatings, acrylic membranes, and waterproofing applications.
• July 2025:Gellner Industrial launches Ottopol KXO, a new water-based acrylic resin product for various applications.
• July 2025:Arkema launches a new range of bio-attributed waterborne acrylic resins and additives in Asia using the Mass Balance approach.
• March 2025: Thermax forms a joint venture with OCQ to establish a new manufacturing facility in Gujarat, India, for producing acrylic resins.
• February 2025: Trinseo and Lapo jointly develop and test lenses containing recycled PMMA acrylic resin, approving ALTUGLAS™ R-LIFE V046 CR88 with at least 86% recycled content.