Market Forecast By Type (Methacrylates, Acrylates, Hybrids), By Property (Thermoplastic, Thermosetting), By Application (Paints & Coatings, Construction, Medical, Paper & Paperboard, Textiles, Fibers & Adhesives) And Competitive Landscape
Product Code: ETC065934 | Publication Date: Aug 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Australia Acrylic Resins market currently, in 2023, has witnessed an HHI of 1548, Which has increased slightly as compared to the HHI of 1363 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Australia Acrylic Resins Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Construction |
Australia Acrylic Resins Market report thoroughly covers the market by type, property and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Acrylic Resins Market is likely to grow in the forecast period as Acrylic resins refer to a group of thermoplastic or thermosetting polymers derived from acrylic acid, methacrylic acid or their derivatives. They are widely used in various industries such as automotive, construction, and printing among others due to their outstanding properties like high strength, glossy finish, and excellent resistance to heat and chemicals.
According to 6Wresearch, the Australia Acrylic Resins Market size is projected to grow at the CAGR of 5.3% during the forecast period of 2025-2031. The Australia acrylic resins market is expected to witness significant growth in the coming years. The market growth can be attributed to the growing demand for acrylic resins in various end-use applications such as coatings, adhesives, and sealants. The increasing use of acrylic resins as a substitute for traditional materials like wood and metal in construction activities is also driving market growth. One of the major drivers for the growth of the Australia acrylic resins market is the increasing demand for eco-friendly and sustainable materials. Acrylic resins are considered more environmentally friendly compared to other materials due to their low volatile organic compound (VOC) emissions and ease of recycling. With growing concerns about the environment, there has been a shift towards using acrylic resins in various industries. The growing trend towards environmentally friendly and sustainable products has also led to a rise in demand for water-based acrylic resins, which is expected to further drive the Australia Acrylic Resins Market Growth. However, the high cost of acrylic resins compared to other materials may hinder the market growth. This can be attributed to the complex manufacturing process and raw material costs involved in producing acrylic resins. Additionally, fluctuations in crude oil prices, which is a major component in acrylic resin production, can also affect the market negatively.
Recent government policies and schemes have played a pivotal role in shaping the Australian acrylic resins market. The Australian government's commitment to sustainability has led to the implementation of regulations that promote the use of eco-friendly materials in various industries. Initiatives such as the National Waste Policy provide a framework for sustainable waste management, encouraging the use of recycled materials and reducing reliance on non-renewable resources. These policies are expected to increase the demand for water-based and bio-based acrylic resins, as they align with the country's environmental objectives.
The market landscape is competitive in Australia Acrylic Resins Industry with several key players driving innovation and growth. Among them, companies such as DuluxGroup Limited stand out through their extensive product range and strategic initiatives. Other notable players include Nippon Paint Holdings Co., Ltd., which has been expanding its presence in the region through acquisitions and partnerships. These companies, along with other market participants, are heavily investing in research and development to produce advanced acrylic resin formulations that offer enhanced performance and lower environmental impact.
The future of the Acrylic resins market in Australia looks promising with the increasing demand for high-performance coatings and adhesives in various industries. The growing construction sector, driven by infrastructure development projects, is expected to be a major contributor to market growth. Additionally, the rising trend towards sustainable products will also fuel the demand for water-based acrylic resins in the country. However, the market may face challenges due to the volatility in raw material prices and increasing competition from alternative resins. Keeping up with these trends and addressing challenges will be critical for companies operating in this market to maintain their competitive advantage in the future.
According to Shivankar, Research Manager, 6Wresearch, the segment that is expected to experience significant growth in the Australia acrylic resins market is the methacrylates segment. Methacrylates are commonly used in the production of acrylic resins and offer excellent properties such as durability, weather resistance, and transparency. This makes them ideal for use in various applications such as paints & coatings, construction materials, medical equipment, and textiles.
On the basis of property, it is expected that the thermoplastic segment will dominate the market. Thermoplastic acrylic resins offer advantages such as easy processability, recyclability, and low cost. These properties make them suitable for use in a wide range of applications such as adhesives, fibers, and coatings.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Acrylic Resins Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Acrylic Resins Market - Industry Life Cycle |
3.4 Australia Acrylic Resins Market - Porter's Five Forces |
3.5 Australia Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Australia Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Acrylic Resins Market Trends |
6 Australia Acrylic Resins Market, By Types |
6.1 Australia Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Acrylic Resins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Australia Acrylic Resins Market Revenues & Volume, By Methacrylates, 2021-2031F |
6.1.4 Australia Acrylic Resins Market Revenues & Volume, By Acrylates, 2021-2031F |
6.1.5 Australia Acrylic Resins Market Revenues & Volume, By Hybrids, 2021-2031F |
6.2 Australia Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Australia Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2.3 Australia Acrylic Resins Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.3 Australia Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.3.3 Australia Acrylic Resins Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Australia Acrylic Resins Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 Australia Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.3.6 Australia Acrylic Resins Market Revenues & Volume, By Textiles, 2021-2031F |
6.3.7 Australia Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2021-2031F |
7 Australia Acrylic Resins Market Import-Export Trade Statistics |
7.1 Australia Acrylic Resins Market Export to Major Countries |
7.2 Australia Acrylic Resins Market Imports from Major Countries |
8 Australia Acrylic Resins Market Key Performance Indicators |
9 Australia Acrylic Resins Market - Opportunity Assessment |
9.1 Australia Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Australia Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Acrylic Resins Market - Competitive Landscape |
10.1 Australia Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Australia Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |