Product Code: ETC065955 | Publication Date: Aug 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Ghana Acrylic Resins Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 8.00% in 2025 and reaches 10.84% by 2029.
By 2027, the Acrylic Resins market in Ghana is anticipated to reach a growth rate of 7.67%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Ethiopia, Algeria and Nigeria, driving innovations and market adoption across sectors.
The Ghana Acrylic Resins Market is experiencing growth driven by factors such as the expanding construction, automotive, and packaging industries, as well as the demand for environmentally friendly coatings and adhesives. Acrylic resins offer advantages such as durability, weather resistance, and versatility, making them suitable for various applications such as paints, coatings, adhesives, and sealants in architectural, automotive, and industrial sectors.
The acrylic resins market in Ghana is driven by the versatility and performance of acrylic-based coatings, adhesives, and polymers in construction, automotive, packaging, and furniture industries. The demand for durable, weather-resistant, and aesthetically pleasing materials contributes to the growth of this market.
The Ghana acrylic resins market faces challenges including raw material price volatility, environmental regulations, and competition from alternative materials. Acrylic resins are widely used in paints, coatings, adhesives, and construction materials due to their excellent durability, weather resistance, and versatility. However, fluctuations in the prices of key raw materials such as acrylic acid and methacrylic acid can impact production costs and profit margins for manufacturers. Additionally, increasing regulatory scrutiny on volatile organic compound (VOC) emissions and environmental sustainability may require market players to invest in R&D for eco-friendly formulations. Balancing cost pressures, regulatory compliance, and market demand is crucial for the sustainable growth of the acrylic resins market in Ghana.
Government policies in the acrylic resins market could involve regulations and incentives to promote the use of environmentally friendly and sustainable acrylic resin formulations. Initiatives might include taxation or subsidies to encourage the adoption of bio-based acrylic resins, support for recycling and waste management programs, and enforcement of pollution control measures in acrylic resin manufacturing facilities.
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 Ghana Acrylic Resins Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Acrylic Resins Market - Industry Life Cycle |
3.4 Ghana Acrylic Resins Market - Porter's Five Forces |
3.5 Ghana Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ghana Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Ghana Acrylic Resins Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Ghana Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Acrylic Resins Market Trends |
6 Ghana Acrylic Resins Market, By Types |
6.1 Ghana Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Acrylic Resins Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Ghana Acrylic Resins Market Revenues & Volume, By Methacrylates, 2021-2031F |
6.1.4 Ghana Acrylic Resins Market Revenues & Volume, By Acrylates, 2021-2031F |
6.1.5 Ghana Acrylic Resins Market Revenues & Volume, By Hybrids, 2021-2031F |
6.2 Ghana Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Ghana Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2.3 Ghana Acrylic Resins Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.3 Ghana Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Ghana Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.3.3 Ghana Acrylic Resins Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Ghana Acrylic Resins Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 Ghana Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.3.6 Ghana Acrylic Resins Market Revenues & Volume, By Textiles, 2021-2031F |
6.3.7 Ghana Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2021-2031F |
7 Ghana Acrylic Resins Market Import-Export Trade Statistics |
7.1 Ghana Acrylic Resins Market Export to Major Countries |
7.2 Ghana Acrylic Resins Market Imports from Major Countries |
8 Ghana Acrylic Resins Market Key Performance Indicators |
9 Ghana Acrylic Resins Market - Opportunity Assessment |
9.1 Ghana Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ghana Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Ghana Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ghana Acrylic Resins Market - Competitive Landscape |
10.1 Ghana Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Ghana Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |