Recent trends and news in the global acrylic industry have focused on the following areas:
1. Market Growth and Value Forecast: the global acrylic resins market is expected to reach a valuation of USD 23.3 billion by 2024, with this growth largely driven by the globalization of the global supply chain [
Link]. Moreover, the acrylic resin market is expected to reach a value of USD 21.9 billion by 2025 [
Link].
2. Technological innovations and developments: Technological innovations play a key role in the development of the acrylic industry. For example, SABIC has introduced a new grade of ULTEM resin designed to help designers enhance the style and aesthetics of consumer electronics components. This polyetherimide material not only costs about 25% less than metal, but also has scratch-resistant surface hardness and high modulus, which helps prevent cracking of the PVD layer, thus improving its overall appearance [
Link].
3. Vertical integration and market competition: global acrylic resin producers through vertical integration to maintain long-term stable supply, raw material quality and competitive raw material prices, which through mergers and acquisitions and other non-organic strategies [
Link].
4. Regional Market Growth: The acrylic market in China, India, Southeast Asia, and Latin America is projected to grow significantly through 2030 [
link] [
link].
5. Acrylic Coatings Market: The global acrylic coatings market is expected to reach a market size of $78.6 billion by 2028, growing at an estimated CAGR of 4.9% [
link] .
6. Sustainability and environmental stewardship: The acrylic coatings industry is facing a shift towards more sustainable and environmentally friendly solutions such as water-based coatings and nanocoatings technologies [
link] .
7. Acrylic Fiber Market: The acrylic fiber market is expected to reach $7.1 billion by 2032 [
Link].
These trends and developments indicate that the global acrylic industry is undergoing a phase of rapid change and technological innovation, signaling the industry's vast future growth and potential opportunities.
