Acrylic Resin Market
Global Acrylic Resin Market : Segmentation
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 . The acrylic resins market is diversified into regions such as Asia-Pacific , Europe , North America , Latin America , and the Middle East and Africa .
Global Acrylic Resin Market : Growth Factors
There has been a significant growth in the acrylic resins market in the past few years and this growth is expected to persist in the coming years . A major portion of this growth is from the developing countries . The development in the acrylic resin market can be contributed to the growth in the automobile industry , construction industry , increased consumption in the commercial segments and paints and coating industry . Also , macroeconomic factors such as VOC regulations in Western countries , shift from solvent-borne to waterborne , industrial development in the developing countries , will direct the growth in certain markets . The challenges faced by the market participants are mainly in the form of volatile raw material prices and growing environmental concerns degradability of plastics .
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