Acrylic Resins: A Global Strategic Business Report
San Jose, California (Vocus) October 29, 2010
Demand for acrylic resins was negatively impacted by the global economic recession in 2008 and 2009. The downturn seriously affected the market that was already burdened with several challenges such as higher raw material prices, elevated crude oil and feedstock prices, and excess capacity. Significant decline in various end-use markets including paints & coatings, paper & paperboard, plastics, adhesives, construction, and textiles & fibers hampered the acrylic resin demand. However, sectors such as do-it-yourself market segment on the other hand, were minimally impacted, driven by shift in consumption patterns.
Going forwards, the resins market is likely to bounce back by 2011 and grow steadily in subsequent years. Increased demand for superior performing and cost-effective products is likely to fuel demand for resins. In addition, new product introductions focused on performance is likely to aid survival of resin manufacturers. Developing markets such as Asia-Pacific and others are expected to infuse increased demand for resins and emerge as the hub for resins production. Further, faster recovery of developing markets including China and India in comparison with the matured markets is likely to encourage relocation of acrylic resin production bases from West to East.
Europe represents the largest regional market for acrylic resins worldwide, as stated by the new market research report on Acrylic Resins. In terms of growth, Asia-Pacific is portended to register fastest growth for acrylic resins. The region is forecast to flaunt a CAGR of more than 3.0% over the period 2007 through 2015. The US represents other major market for acrylic resins.
Paints & Coatings category constitutes the largest end-use of acrylic resins. Acrylic based paints and coatings deliver improved color stability, flexibility, weatherability, and enhanced solid content and finishes. 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.
Of late, greener products are emerging as a lucrative opportunity for acrylic resins manufacturers amidst environmental concerns, and sustainability concepts. Addressing the needs of eco-friendly and greener requirements of various end-use industries has become prime focus for resin manufacturers. Stringent VOC regulations and enhancement of green certification criteria are compelling paint manufacturers to produce green paints, thereby extending potential opportunity for the resin manufacturers.
Major players profiled in the report include Air Products and Chemicals Inc., Altuglas International, Arkema S.A, Asahi Kasei Corporation, BASF SE, DIC Corporation, E.I. du Pont de Nemours and Company, Eastman Chemical Company, Evonik Industries AG, Formosa Plastics Corp., Henkel AG & Co KGaA, Hexion Specialty Chemicals Inc., LG Chem Ltd., Mitsubishi Rayon Co. Ltd., Mitsui Chemicals Inc., Nippon Shokubai Company Limited, PPG Industries Inc., Reichhold Inc., Rhodia SA, Royal DSM N.V., Sumitomo Chemical Co. Ltd., The Dow Chemical Company, among others.
The research report titled “Acrylic Resins: A Global Strategic Business Report” announced by Global Industry Analysts Inc. provides a comprehensive review of the acrylic resins markets, impact of recession on the markets, current market trends, key growth drivers, product overview, end-use industry analysis, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for acrylic resins market for the years 2007 through 2015 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key end-use segments analyzed include Paints & Coatings, Paper & Paperboard, Plastics, Adhesives, Construction, Textiles & Fibers, and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Acrylic_Resins_Market_Report.asp
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.
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