Report ID: SQMIG15A2350
Report ID:
SQMIG15A2350 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
In 2022, Europe emerged as the region with the highest market share in the acrylic resins market. This can be attributed to the increased demand for protective paints and coatings, particularly in the automotive industry. Acrylic resins are widely used as binders in automotive coatings, providing durability, weather resistance, and enhanced aesthetic appeal to vehicles. The stringent regulations on emission control and the focus on sustainability have further driven the demand for acrylic resins in Europe.
On the other hand, the Asia-Pacific region is expected to witness the highest market growth in the acrylic resins market. The region is experiencing a surge in building and construction projects, creating a strong demand for acrylic resins. Countries like China, with its rapidly growing infrastructure and construction activities, have a significant market size within the Asia-Pacific region. The Chinese government has implemented initiatives to reduce volatile organic compounds (VOCs) in resins, leading to an increased demand for water-based acrylic resins for coating applications. The growing urbanization, increasing disposable income, and changing lifestyles in the Asia-Pacific region are driving the demand for acrylic resins in various end-use industries, including building and construction.
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Report ID: SQMIG15A2350