International. The acrylic resins market is expected to grow at a CAGR of 4.3% in volume and 4.4% in value between the years 2014 and 2019.
The lacrylic resin market is expected to reach ~6,676.7 Kilotons by volume and ~US$1,597.3 million in 2019. Methacrylates dominated the market in terms of volume at ~2,828.2 kilo tons in 2013, followed by acrylates, which reported ~1,681.4 kilo tons for the same year.
However, the CAGR of hybrid acrylics, which accounted for ~9.8% of the market in 2013, is expected to be higher from 2014 to 2019, compared to methacrylates and acrylates.
Due to the new investments and projects coming in Asia-Pacific, the Middle East and Africa, especially in China, India and Brazil, emerging geographies are expected to register the maximum growth. All these factors will continue to drive the demand of the acrylic resin industry.
The report was delivered by market analyst firm MarketsandMarkets.
