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Hydroxyl Acrylic Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Published By :

Transparency Market Research

Category :

Chemicals

Hydroxyl acrylic resins are considered one of the vital components of chemical resistant and industrial coatings. These resins are primarily used in chemical coatings, as they offer better resistance properties and have high solid content and low viscosity. Generally, hydroxyl acrylic resins are cured at significantly elevated temperatures. Key properties of hydroxyl acrylic resins include excellent light reflectivity, hardness, storage stability, corrosion resistance, and improved alkali resistance. Other important features of hydroxyl acrylic resins include cost effectiveness, fast air drying and early hardness, VOC compliance, and fast curing response. When cross-linked with melamine or epoxy resin, they provide an excellent barrier to solvents, humidity, salt, acid, oils, impact, abrasion, and wear. Major applications of hydroxyl acrylic resins include car refinish, commercial vehicles, general metal, processing facilities, production facilities, restrooms, kitchens, aircraft hangars, freezers and warehouses

Rapid expansion in the automobile industry is a key factor driving the global hydroxyl acrylic resins market. These resins are used in automotive OEM and refinishing applications as metallic base coats and pigmented top coats. Increase in demand for these resins in the marine industry is another prominent factor boosting the hydroxyl acrylic resins market. Hydroxyl acrylic resins are used as protective coatings in the marine environment to protect ships, vessels, tankers, and other materials from the surrounding saline water. Rise in demand from the building & construction sector is also augmenting the global hydroxyl acrylic resins market, as these resins are used as components in flame retardant paints in building & construction applications. Hydroxyl acrylic resins are employed as the primary binders in acrylic systems or blended with other resins to improve weather resistance and clarity.

Based on grade, the global hydroxyl acrylic resins market can be segmented into general grade and high performance grade. High performance hydroxyl acrylic resins are preferred for structures that need to be protected in the highly risky environment such as marine and aerospace. In terms of application, the hydroxyl acrylic resins market can be divided into automobiles, aerospace, marine, and building & construction. The automobile segment can be sub-categorized into car refinish and topcoats. Similarly, the building & construction segment can be classified into processing facilities, production facilities, restrooms, kitchens, aircraft hangars, freezers and warehouses

The global hydroxyl acrylic resins market expanded at a moderate pace in 2016. This trend is expected to continue during the forecast period. In terms of geography, the hydroxyl acrylic resins market can be segregated into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. The hydroxyl acrylic resins market in Asia Pacific is projected to expand at a significant pace owing to the rapid urbanization, advancements in the automobile industry, and infrastructure development in countries such as China, India, and those in the ASEAN sub-region.  Demand for hydroxyl acrylic resins in North America and Europe is anticipated to remain high in the near future owing to the rise in demand for these resins in marine and space sectors. Advancement in various technologies is anticipated to boost the hydroxyl acrylic resins market in Europe in the next few years. Rapid industrialization and developmental activities in Middle East & Africa, particularly in the construction sector, are likely to fuel the hydroxyl acrylic resins market in the region. Presence of emerging economies in Latin America and expanding construction and automobile industries are projected to augment the hydroxyl acrylic resins market

Key players operating in the global hydroxyl acrylic resins market include BASF SE, The Dow Chemical Company, and Arkema Group.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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