Market Size of Solid-grade Thermoplastic Acrylic (Beads) Resin Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.52 Billion |
| Market Size (2029) | USD 2.21 Billion |
| CAGR (2024 - 2029) | 7.78 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Solid-grade Thermoplastic Acrylic (Beads) Resin Market Analysis
The Solid-grade Thermoplastic Acrylic Resin Market size is estimated at USD 1.52 billion in 2024, and is expected to reach USD 2.21 billion by 2029, growing at a CAGR of 7.78% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020 due to nationwide lockdowns and social distancing mandates which led to supply chain disruption and the closure of various manufacturing industries and construction activities. However, the sector is recovering well since restrictions were lifted. Increasing demand for paints and coatings from different sectors in interior and exterior applications is expected to impact the studied market positively.
- Over the short term, the expansion of the paint and coatings industry and the various benefits offered by solid-grade thermoplastic acrylic (beads) resins are some of the factors driving the market demand.
- Conversely, stringent government regulations regarding raw materials hinder the market's growth.
- Expansion of the electric vehicle industry is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Solid-grade Thermoplastic Acrylic (Beads) Resin Industry Segmentation
Acrylic beads resin is a solid bead-shaped methacrylic resin produced by suspension polymerization. It is a fast-dissolving, low-viscosity grade resin that offers a quick solvent release in industrial paints, coatings, lacquers, aerosols, inks, and others. However, solid-grade thermoplastic acrylic (beads) resins are significantly used in formulating paints and coatings. The solid-grade thermoplastic acrylic (beads) resin market is segmented by application and geography. By application, the market is segmented into acrylic composite resins, paints and coatings, and other applications. The report also covers the market size and forecasts for the solid-grade thermoplastic acrylic (beads) resin market in 12 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (Kilotons).
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Solid-grade Thermoplastic Acrylic (Beads) Resin Market Size Summary
The solid-grade thermoplastic acrylic (beads) resin market is poised for significant growth over the forecast period, driven by the expanding demand in the paints and coatings industry. These resins are integral in formulating paints and coatings, offering benefits such as high gloss, durability, and fast drying properties. They are widely used across various sectors, including industrial, architectural, and transportation, due to their strong adhesion to substrates like metal, plastics, and cementitious materials. The market is recovering from the setbacks caused by the COVID-19 pandemic, with increasing demand from the paints and coatings sector positively influencing market dynamics. However, the growth is tempered by stringent government regulations concerning raw materials. The electric vehicle industry's expansion presents new opportunities for market players, further bolstering the demand for these resins.
The Asia-Pacific region is expected to dominate the solid-grade thermoplastic acrylic (beads) resin market, driven by robust economic growth and increasing infrastructure development. The region's burgeoning middle class and rising disposable incomes are fueling the expansion of the residential sector, making it a significant market for architectural coatings. The industrial growth in countries like China and India is also driving the demand for paints and coatings, thereby increasing the consumption of these resins. The market is characterized by a consolidated nature, with major players such as Covestro AG, Dow, and Mitsubishi Chemical Corporation leading the charge. Strategic collaborations and acquisitions, like Covestro's acquisition of DSM's resins and functional materials business, are enhancing the portfolio of sustainable coating resins, positioning these companies as key players in the global market.
Solid-grade Thermoplastic Acrylic (Beads) Resin Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Expansion of the Paints and Coatings Industry
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1.1.2 Benefits of Solid-grade Thermoplastic Acrylic (beads) Resins
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1.2 Restraints
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1.2.1 Stringent Government Regulations Related to Raw Materials
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Acrylic Composite Resins
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2.1.2 Paints and Coatings
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2.1.2.1 Coil Coatings
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2.1.2.2 Industrial Coatings
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2.1.2.3 Architectural Coatings
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2.1.2.4 Transportation Coatings
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2.1.3 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 Rest of the World
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2.2.4.1 South America
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2.2.4.2 Middle-East and Africa
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Solid-grade Thermoplastic Acrylic (Beads) Resin Market Size FAQs
How big is the Solid-grade Thermoplastic Acrylic (Beads) Resin Market?
The Solid-grade Thermoplastic Acrylic (Beads) Resin Market size is expected to reach USD 1.52 billion in 2024 and grow at a CAGR of 7.78% to reach USD 2.21 billion by 2029.
What is the current Solid-grade Thermoplastic Acrylic (Beads) Resin Market size?
In 2024, the Solid-grade Thermoplastic Acrylic (Beads) Resin Market size is expected to reach USD 1.52 billion.
