Home Advanced Materials Acrylic Resins Market Size, share and Growth Forecast 2033

Acrylic Resins Market Size, Share & Trends Analysis Report By Type (Water-Based, Solvent-Based), By Application (Paints & Coatings, Adhesives & Sealants, Others), By End-User (Building & Construction, Automotive, Electronics, Packaging, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SRAM1794DR
Last Updated : Nov 14, 2024
Author : Straits Research
Starting From
USD 1850
Buy Now

Acrylic Resins Market Size

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).

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.

Acrylic Resins Market

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.

Acrylic Resins Market Restraining Factors

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.

Acrylic Resins Market Opportunities

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.

Study Period 2021-2033 CAGR 5.1%
Historical Period 2021-2023 Forecast Period 2025-2033
Base Year 2024 Base Year Market Size USD 22.71 Billion
Forecast Year 2033 Forecast Year Market Size USD 35.53 Billion
Largest Market Europe Fastest Growing Market Asia Pacific
Talk to us
If you have a specific query, feel free to ask our experts.

Regional Insights

Europe: Dominant region with 4.9% market share

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: Fastest growing region with the 6.2% CAGR

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 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.

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Segmental Analysis

By Solvency

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.

By Application

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.

By End-User

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.

Market Size By Type

Market Size By Type
  • Water-Based
  • Solvent-Based


  • 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
    Acrylic Resins Market Share of Key Players

    Recent Developments

    • June 2022 - BASF expanded its line of Licity® anode binders to produce Li-ion batteries. The usage of silicon concentrations greater than 20% is made possible by the second-generation styrene-butadiene rubber (SBR) binder Licity® 2698 X F. This binder offers more capacity, a more significant number of charge/discharge cycles, and quicker charging periods in addition to the established qualities of the Licity® product family.
    • May 2022 - BASF's water-blown polyurethane insulation spray foam is now used in the latest bus model by Kinglong United Automotive (Suzhou) Co., Ltd. (Suzhou Kinglong). Suzhou Kinglong, China's leading bus manufacturer, their part supplier Changzhou Tianshun Automotive Parts Co., Ltd. (Tianshun), and BASF collaborated to develop the 100% water-blown spray open-cell foam system Elastoflex® CE 3651/108. As verified with a testing report by PONY Testing International Group, the PU foam, which meets stringent VOC standards, provides a better interior air quality in public transportation.
    • May 2022 - For the eMobility industry, BASF is growing its selection of flame-retardant engineered plastics. High technological and industrial standards necessitate creative PA66-based solutions. Color stability is generally ensured for tried-and-true Ultradur® (PBT) items, particularly for the highly sought-after industry color orange (RAL 2003). Conventional polyamides, on the other hand, frequently exhibit dramatic color alterations or yellowing when heated.

    Acrylic Resins Market Segmentations

    By Type (2021-2033)

    • Water-Based
    • Solvent-Based

    By Application (2021-2033)

    • Paints & Coatings
    • Adhesives & Sealants
    • Others

    By End-User (2021-2033)

    • Building & Construction
    • Automotive
    • Electronics
    • Packaging
    • Others

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Acrylic Resins Market?
    Acrylic Resins Market size will grow at approx. CAGR of 5.1% during the forecast period.
    Some of the top industry players in Acrylic Resins Market are, BASF SE, Arkema, The Dow Chemical Company, Mitsubishi Chemical Holdings, Sumitomo Chemical, DIC Corporation, DSM, etc.
    In the market, Europe has established itself as the market leader with a significant market share.
    The market has seen the most substantial growth rate in Asia Pacific.
    The global market report is segmented as follows: By Type, By Application, By End-User


    We are featured on :