Acrylic coating resins are the most widely utilised coating resins in the industry. Acrylic coating resins dominated the coating resins market and is predicted to grow at the fastest CAGR of 6.05% over the forecast period. Acrylic paints are generally used outside and, due to environmental concerns, are being phased out in favour of water-based acrylic coatings. Water-based acrylic paints are more commonly used in North America and Europe than in APAC due to strict rules demanding low VOC content. Acrylic resins are used in a wide range of applications, such as architectural coatings, special purpose coatings, and OEM product finishes (OEMs). Acrylic polymers are in high demand because they are affordable and offer excellent chemical and photochemical resistance, stain resistance, water resistance, and abrasion resistance.
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