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July 26, 2007
Global Acrylics Market to Cross 16.7 Billion Pounds by 2009, According to New Report by Global Industry Analysts, Inc.
Demand for acrylates is mainly driven by downstream industries, due to wide acceptance of acrylates in varied applications. The global acrylics market is projected to Cross 16.7 billion pounds by 2010, at a CAGR of more than 4.5% during the ten-year analysis period.
San Jose, CA (PRWEB) July 26, 2007 -- Acrylates market is expected to witness a healthy growth over the analysis period. Typically, acrylates demand is correlated with the economy trends. As the economy accelerates, the market for acrylates expands in accord. Major market catalysts for acrylates demand include application growth and regional growth. The report focuses on regional dynamics and growth drivers of the industry. Europe is the largest acrylic resins market in the world and is projected to reach 4.8 billion pounds by 2010, as stated by Global Industry Analysts, Inc.
With a CAGR of over 6.7%, Asia-Pacific is set to witness the fastest growth in the global acrylic resins market. Asia-Pacific is turning out to be a global manufacturing hub for many overseas companies, due to rebounding economies and cheap labor. China is likely to emerge as a promising market for acrylates, as majority of developed countries attained maturity. End-use applications such as textile, paint, leather, chemical fiber, and adhesives industries are emphasizing a growing trend in China, which in turn continue to fuel demand for acrylates in the region.
Rising raw materials cost, and decelerated growth are the main drivers for increased M&A activity in the resins industry. Leading players in the industry such as Dow Chemical's acquisition of Celanese AG, Hexion Specialty Chemicals take over of Ink and Adhesive Resins' business of Akzo Nobel, and acquisition of Syntech by Royal DSM tends to be the primary initiators of the M&A activity. The report also highlights supply and demand imbalances for acrylates, and rising price pressures on raw materials. Paints and coatings comprise the largest end-use market, accounting for over 29% share of the global acrylic resins market in 2006.
The report titled "Acrylic Resins: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of trends, product overview, competitive scenario, product introductions, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by end-use segments.
Key players dominating the global acrylic resins market include Arkema, Altuglas International, Asahi Kasei Corporation, BASF AG, Dainippon Ink & Chemicals, Reichhold Chemicals, Eastman Chemical Company, Hexion Specialty Chemicals, Kaneka Corporation, Kuraray, Lucite International, Mitsubishi Rayon, Nippon Shokubai Company, Rhodia SA, Rohm and Haas, Royal DSM, Sumitomo Chemical, The Dow Chemical Company, and Unigel Quimica.
For more details about this research report, please visit http://www.strategyr.com/MCP-1710.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Posted by Industrial-Manufacturing at July 26, 2007 05:32 AM