LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global acrylic resin market report from 2017-2021. This market research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
The report further segments the global acrylic resin market by application (paints and coatings, construction, textiles and fibers, plastics, adhesives, and others) and by geography (APAC, North America, Europe, and ROW).
Acrylic resin market: competitive vendor landscape
The vendors in the global acrylic resin market compete on the basis of factors such as operational cost, innovation, price, and product quality. Certain players are able to drive down market prices because their costs are lower than their competitors. Also, the financial, technological, and other resources, of certain suppliers are more adequate than that of their competitors; such players are more able to withstand changes in market conditions.
According to Sharan Jagannath, a lead paints, coatings, and pigments research analyst at Technavio, “The companies are also focusing on achieving a competitive edge by accomplishing new technologies and raising the margins upward in response to the changing market conditions in the end-user industries. Certain factors that are likely to intensify the competition in the market are prices for raw material and end-products, growth rates of demands, plans of expanding the business, and supply flows.”
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Technavio market research analysts identify the following key vendors:
Arkema
Arkema is one of the world's leaders in the production of acrylic monomers that are used in applications such as paints and coatings, super-absorbent glues and adhesives, plastic materials, flocculants, dispersants, photocured resins, detergents, lubricants, plastic additives, thickeners, textile acrylic fibers, and additives for the treatment of paper and leather.
BASF
BASF produces a wide range of acrylic resins under the brand name of Joncryl acrylic emulsions for 1-component (1K) and 2-component (2K) coatings systems. These products are designed to yield high performance, to clear and pigmented coatings on a variety of substrates like concrete, metal, wood, and plastic.
Evonik Industries
Evonik sells acrylic resin under the brand ACRYLITE that is used in all injection molding and extrusion applications. It exhibits outstanding optical clarity, UV stability, and scratch resistance. The product is used in the automotive, construction, and lighting industries.
Mitsui Chemicals
Mitsui Chemicals supplies acrylic resin under the brand name ALMATEX; it consists of solvent, water-soluble, and powder, types to meet the requirement in diversified applications. It is used in applications such as coating resins for paint, printing ink, and paper.
The Dow Chemical Company
The Dow Chemical Company produces acrylic resin under the brand name MAINCOTE 4950. It is a broad utility binder that facilitates low VOC coatings while exhibiting excellent hardness properties, improved corrosion resistance, and high gloss capability.
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