Market Size of Solid-grade Thermoplastic Acrylic (Beads) Resin Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.52 Billion |
| Market Size (2029) | USD 2.21 Billion |
| CAGR (2024 - 2029) | 7.78 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Solid-grade Thermoplastic Acrylic (Beads) Resin Market Analysis
The Solid-grade Thermoplastic Acrylic Resin Market size is estimated at USD 1.52 billion in 2024, and is expected to reach USD 2.21 billion by 2029, growing at a CAGR of 7.78% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020 due to nationwide lockdowns and social distancing mandates which led to supply chain disruption and the closure of various manufacturing industries and construction activities. However, the sector is recovering well since restrictions were lifted. Increasing demand for paints and coatings from different sectors in interior and exterior applications is expected to impact the studied market positively.
- Over the short term, the expansion of the paint and coatings industry and the various benefits offered by solid-grade thermoplastic acrylic (beads) resins are some of the factors driving the market demand.
- Conversely, stringent government regulations regarding raw materials hinder the market's growth.
- Expansion of the electric vehicle industry is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
