London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Acrylic Resin Market 2014-2018, which is expected to grow at a CAGR of 4.43 percent during 2013-2018.
Acrylic resin is a thermoplastic material that is prepared by polymerizing acrylates and methacrylates and is used in various industries. The chemical properties and features of acrylic thermoplastic mixture include high heat and impact resistance, making it suitable to be used by various end-users such as the Automotive, Construction, Paints, Coatings, and Industrial sectors.
“The properties of bio-based acrylic resin such as strong chemical resistance and improved melt-processing make it suitable to be used in a variety of transparent disposable medical devices,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Shift from Solvent-borne to Water-borne Acrylics
- Growth in End-user Industries
- Increased Demand from APAC Region
- Growth in Acrylic Acid Market
Key Market Trends
- Shift to Bio-based Acrylic Resin
- High Growth in Coatings Market
- Growth of Emerging Economies
Key Market Vendors
- Air Products and Chemicals Inc.
- Arkema Inc.
- Badische Anilin- und Soda-Fabrik SE (BASF)
- Dow Chemicals (Dow)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
