India Acrylic Resins Market (2024-2030) Outlook | Companies, Revenue, Forecast, Share, Growth, Size, Analysis, Trends, Value & Industry

India Acrylic Resins Market Synopsis

Acrylic resins are synthetic polymers composed of acrylic acid and other monomeric compounds, such as ethyl acrylate, methylmethacrylate, and butyl methacrylate. Acrylic resins have a wide range of applications in the construction industry, automotive industry, furniture manufacturing sector, coatings and adhesives sectors owing to their excellent properties like superior adhesion strength with surfaces including plastics and metals. In India Acrylic Resin Market is growing at a CAGR of 7.1% due to high demand from end use industries such as Automotive & Transportation Coatings; Industrial Wood Coatings; Architectural Coating & Exterior Finishes; Protective Coatings for High Performance Applications; Printed Circuit Board Components etc

Drivers of the Market:

The major driving forces behind the growth of the Indian Acrylic Resin market include increasing urbanization which has led to an increase in infrastructure development activities across India coupled with growing automotive production that requires paints and coatings made using acrylic resin. Additionally government initiatives related to smart cities projects also propels the market growth. The implementation of GST (Goods & Services Tax) system has resulted in improved logistics services within the country leading to smooth transportation process resulting further fueling market growth.

Challenges of the Market:

However there are certain challenges faced by manufacturers operating in India?s acrylic resin market which includes availability of raw materials for manufacturering these products in addition to price competition from imported products coming from China or Europe due to lower labor cost there adding up additional costs incurred while doing business here . Moreover volatile prices fluctuation keeps on affecting scenario making it difficult for players involved in this field resulting into reduced profit margins .

Trends of the Market:

With rising awareness regarding environment friendly solutions among consumers , companies have started introducing bio based acrylic resins derived mostly form plants sources thereby contributing towards eco friendly lifestyle trend going on across globe . Additionally Switching over conventional solvent borne coating technologies towards waterborne technology is another current trends observed nowdays due its advantages over former ones like low VOC emission , faster drying time , better product film formation etc .

Key Players of the Market:

Major key players operating in Indian Acrylic Resin Market includes Asian Paints Ltd, Jenson And Nicholson Pvt Ltd., Akzo Nobel Car Refinishes Pvt Ltd., Bayer Material Science AG Germany , Kansai Nerolac Paints Limited amongst others.

Key Highlights of the Report:

• India Acrylic Resins Market Outlook
• Market Size of India Acrylic Resins Market, 2020
• Forecast of India Acrylic Resins Market, 2027
• Historical Data and Forecast of India Acrylic Resins Revenues & Volume for the Period 2023 - 2027
• India Acrylic Resins Market Trend Evolution
• India Acrylic Resins Market Drivers and Challenges
• India Acrylic Resins Price Trends
• India Acrylic Resins Porter's Five Forces
• India Acrylic Resins Industry Life Cycle
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Type for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Methacrylates for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Acrylates for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Hybrids for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Property for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Thermoplastic for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Thermosetting for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Application for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Paints & Coatings for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Construction for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Medical for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Paper & Paperboard for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Textiles for the Period 2023 - 2027
• Historical Data and Forecast of India Acrylic Resins Market Revenues & Volume By Fibers & Adhesives for the Period 2023 - 2027
• India Acrylic Resins Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Property
• Market Opportunity Assessment By Application
• India Acrylic Resins Top Companies Market Share
• India Acrylic Resins Competitive Benchmarking By Technical and Operational Parameters
• India Acrylic Resins Company Profiles
• India Acrylic Resins Key Strategic Recommendations

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