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Global Acrylic Resins Market Predicted to Exceed 16.4 Billion Pounds by 2015

Published on 2010-11-01. Author : SpecialChem

San Jose, California (Vocus) -- Global Industry Analysts Inc. (GIA) presented a report titled "Acrylic Resins: A Global Strategic Business Report". The report provides a comprehensive review of the acrylic resins markets Due to recession in last couple of years the market for acrylic resins was badly affected. The market had already faced the challenges like price hike for raw material, crude oil and feedstock. The demand for the acrylic resin declined because of less demand from the end use industry like adhesives, coatings and construction etc. The sector which was least impacted was do-it-yourself market segment.

The resin market is likely to recover by 2011 and will grow subsequently. The demand for cost-effective products is likely to increase. The performance based products are going to be helpful for resin manufacturers. Asia Pacific and other developing markets are likely to be the hub for resins production. The faster upturn of resin production foresees the production base from West to East.

As per the report Europe represents the largest regional market for acrylic resins worldwide and Asia-Pacific signifies fastest growth for acrylic resins i.e. 3.0% over the period 2007 through 2015. Other major market for acrylic resins is US.

The largest end-user segment of acrylic resins is Paints & Coatings. Consumption of acrylic resins by the end-use is projected to exceed 4.4 billion pounds by 2012. Paper & Paperboard category constitutes the fastest growing end-use segment for acrylic resins. Due to environmental issues focus is more on eco-friendly and greener products. Severe VOC regulations and enhancement of green certification criteria are compelling paint manufacturers to produce green paints which enhance the potential of resin manufacturers.

The report provides annual sales estimates and projections for acrylic resins market for the years 2007 through 2015. Major end-use segments analyzed include Paints & Coatings, Paper & Paperboard, Plastics, Adhesives, Construction, Textiles & Fibers, and Others. A seven-year (2000-2006) historic analysis is also provided for additional reference.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide

Written By: Specialchem Editorial Team
Based on information displayed on http://www.sfgate.com


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