Global demand for acrylic resin continues to grow

According to the latest report issued by the consulting firm, the global demand for acrylic resin will reach 16.4 billion pounds (about 7.49 million tons) by 2015, and demand in emerging markets such as the Asia-Pacific region will grow rapidly. In addition, the continuous launch of new products and the growing demand for environmentally friendly products will continue to be the driving force behind the growth of the acrylic resin market.

With the recovery of the global economy, global acrylic resin demand is expected to rebound and grow steadily in the next few years. Asia-Pacific and other emerging markets will become the main drivers for resin demand growth and resin production centers. In addition, China and India will become destinations for the eastward migration of acrylic resin production sites. Europe continues to be the largest market for acrylic resins in the world; Asia-Pacific region will become the fastest growing region for acrylic resin in the world, and the average annual growth rate of demand in this region will reach 3.0% by 2015.

From the end market, paints and coatings constitute the largest category of acrylic resins used. Acrylic-based paints and coatings have better color stability, flexibility, weatherability, and higher solids content.