| Product Code: ETC5833510 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s acrylic resins import market in 2024 continued to see a high level of concentration, with top exporters including Portugal, Spain, Lebanon, China, and France. The industry maintained a strong CAGR of 7.3% from 2020 to 2024, with a notable growth rate of 10.47% in 2023-24. This data suggests a sustained demand for acrylic resins in Cape Verde, with key players from various countries contributing to the market`s growth and stability.

The Acrylic Resins market in Cabo Verde is projected to grow at a stable growth rate of 3.52% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

The Cape Verde acrylic resins market is experiencing growth due to their widespread use in paints, coatings, adhesives, and sealants. The market benefits from the increasing construction activities and the demand for high-performance materials in the automotive and furniture industries.
The acrylic resins market in Cape Verde is driven by the increasing demand for coatings and adhesives in the construction and automotive industries. Acrylic resins are valued for their durability, weather resistance, and versatility, which make them suitable for a wide range of applications. The growing emphasis on infrastructure development and renovation projects in Cape Verde further stimulates market demand.
The Cape Verde acrylic resins market faces challenges related to the high cost of raw materials, which are mostly imported. This, coupled with fluctuating currency exchange rates, affects pricing stability and market growth. Furthermore, the market is constrained by limited local manufacturing capabilities and a lack of awareness about the diverse applications of acrylic resins among potential users.
The Cape Verde government encourages the production and use of acrylic resins in various industries, including construction and automotive sectors. Policies are geared towards offering tax breaks and subsidies to manufacturers using eco-friendly production methods. Additionally, the government is working on updating safety and environmental standards to ensure sustainable use of acrylic resins.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Acrylic Resins Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Acrylic Resins Market - Industry Life Cycle |
3.4 Cape Verde Acrylic Resins Market - Porter's Five Forces |
3.5 Cape Verde Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Cape Verde Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products |
4.2.2 Growth in construction and infrastructure development projects in Cape Verde |
4.2.3 Rising adoption of acrylic resins in the automotive and marine industries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to environmental concerns |
4.3.3 Competition from alternative materials like polyurethane resins |
5 Cape Verde Acrylic Resins Market Trends |
6 Cape Verde Acrylic Resins Market Segmentations |
6.1 Cape Verde Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Acrylic Resins Market Revenues & Volume, By Methacrylates, 2021-2031F |
6.1.3 Cape Verde Acrylic Resins Market Revenues & Volume, By Acrylates, 2021-2031F |
6.1.4 Cape Verde Acrylic Resins Market Revenues & Volume, By Hybrids, 2021-2031F |
6.2 Cape Verde Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2.3 Cape Verde Acrylic Resins Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.3 Cape Verde Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.3.3 Cape Verde Acrylic Resins Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Cape Verde Acrylic Resins Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 Cape Verde Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.3.6 Cape Verde Acrylic Resins Market Revenues & Volume, By Textiles, 2021-2031F |
6.3.7 Cape Verde Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2021-2031F |
7 Cape Verde Acrylic Resins Market Import-Export Trade Statistics |
7.1 Cape Verde Acrylic Resins Market Export to Major Countries |
7.2 Cape Verde Acrylic Resins Market Imports from Major Countries |
8 Cape Verde Acrylic Resins Market Key Performance Indicators |
8.1 Percentage of acrylic resin used in new construction projects |
8.2 Number of partnerships and collaborations with local manufacturers |
8.3 Rate of adoption of acrylic resins in new applications |
8.4 Research and development investments in acrylic resin technology |
8.5 Customer satisfaction scores for acrylic resin products |
9 Cape Verde Acrylic Resins Market - Opportunity Assessment |
9.1 Cape Verde Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Cape Verde Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Acrylic Resins Market - Competitive Landscape |
10.1 Cape Verde Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |