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China Becomes Top Consumer of Acrylic Resins Followed by USA, Concludes MarketsandMarkets

Published on 2014-05-07. Author : SpecialChem

The report, "Acrylic Resins Market by Raw Material (Acrylates, Methacrylates, Hybrids and Others), by Solvency, by Property (Thermoplastics and Thermosetting) & by Application (Paints & Coatings, Construction, Industrial & Commercial, Paper & Paperboard, Textiles & Fibers & Adhesives) - Global Trends & Forecast to 2019" defines and segments the global Acrylic resins market with an analysis and forecast for raw material, and applications by volume, as well as value.

The Asia-Pacific, Europe and North America dominated the acrylic resin market in 2013 and accounted for over 85% and 75% of the market, by volume and by value respectively. The developing regions dominate the Acrylic resin market due to growth in related segments.Country wise, China is the top most consumer of acrylic resins,and is also the largest market for acrylic resins,expected to grow at a CAGR double than the global average for the period 2014-2019. The U.S. is the second largest consumer of acrylic resins.. On the other hand, the Middle East and Africa is expected to witness a growth rate, higher than global average, from 2014 to 2019. The market in this region is experiencing increased demand in several applications of acrylic resins.

"Paints and coatings is the topmost application segment and methyl methacrylatedominates as the key raw material in the Acrylic Resins market"

Paints and coatings take topmost positions in the acrylic resin market with more than 35% share, by volume and by value. The fastest growth rate till 2019 in the acrylic resins market is expected to come from paints and coatings used in residential and commercial constructions, decorative coatings and DIY (Do-It-Yourself) coatings.Acrylic Acid is the main raw material for the acrylic resins. MMA (Methyl methacrylate) dominates the acrylic resins market in terms of volume and value.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Source: MarketsandMarkets


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