Product Code: ETC065939 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Acrylic Resins market currently, in 2023, has witnessed an HHI of 1922, Which has increased slightly as compared to the HHI of 1267 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) acrylic resins market has been witnessing steady growth and is expected to show a positive outlook in the coming years. Acrylic resins are widely used in various industries, including paints and coatings, adhesives, construction, automotive, and electronics, owing to their excellent properties such as high transparency, weather resistance, and adhesion to diverse substrates. The market`s growth can be attributed to factors such as the UAE booming construction and real estate sectors, the increasing demand for eco-friendly coatings and adhesives, and the emphasis on technological advancements and innovative applications of acrylic resins.
Several factors drive the growth of the acrylic resins market in the UAE. Firstly, the country`s construction and real estate sectors are experiencing rapid growth, with numerous infrastructure projects and urban development underway. Acrylic resins find extensive use in architectural coatings, sealants, and adhesives, making them essential components in the construction industry. Secondly, there is a growing demand for eco-friendly and low-VOC (volatile organic compound) coatings and adhesives in the UAE, driven by environmental regulations and increased consumer awareness of sustainability. Acrylic resins, known for their water-based formulations and low environmental impact, are preferred choices in such applications. Additionally, advancements in acrylic resin technology, such as improved UV resistance and enhanced thermal properties, open up new opportunities for their use in emerging industries like electronics and automotive.
Despite the positive market outlook, the UAE acrylic resins market faces certain challenges. One significant challenge is the competition from alternative resins and materials, such as epoxy and polyurethane resins, which also offer unique properties for specific applications. Acrylic resin manufacturers need to emphasize the superior properties and cost-effectiveness of their products to remain competitive. Moreover, fluctuations in raw material prices, such as acrylic monomers and petrochemical derivatives, can impact manufacturing costs, leading to pricing pressures on acrylic resins. Ensuring a stable supply chain and managing production costs are essential for manufacturers to maintain competitiveness.
The Covid-19 pandemic, which emerged in 2025, had a mixed impact on the UAE acrylic resins market. During the initial phases of the pandemic, economic activities, including construction and industrial operations, faced disruptions due to lockdowns and restrictions. This led to a temporary decline in demand for acrylic resins. However, as economic activities gradually resumed and construction projects resumed, the demand for acrylic resins rebounded. Moreover, the emphasis on sustainable and eco-friendly materials during the pandemic further highlighted the importance of acrylic resins as a suitable choice for environmentally conscious industries.
The UAE acrylic resins market is witnessing significant growth, driven by the country`s expanding construction, automotive, and coatings industries. Leading key players in this dynamic market are at the forefront of providing high-quality acrylic resins to meet the diverse needs of various applications. Some of the prominent companies dominating this space include BASF SE, Dow Inc., Arkema Group, Mitsui Chemicals, Inc., and Sumitomo Chemical Co., Ltd. These key players offer a wide range of acrylic resins, including pure acrylics, acrylic-styrene copolymers, and acrylic emulsions, catering to industries such as architectural coatings, adhesives, and textiles. With their commitment to research and development, sustainable practices, and customer-centric approach, these companies are driving the adoption of acrylic resins in the UAE, advancing polymer solutions and contributing to the country`s economic growth and industrial development.
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 United Arab Emirates (UAE) Acrylic Resins Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Acrylic Resins Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Acrylic Resins Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United Arab Emirates (UAE) Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Acrylic Resins Market Trends |
6 United Arab Emirates (UAE) Acrylic Resins Market, By Types |
6.1 United Arab Emirates (UAE) Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Methacrylates, 2018 - 2031F |
6.1.4 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Acrylates, 2018 - 2031F |
6.1.5 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Hybrids, 2018 - 2031F |
6.2 United Arab Emirates (UAE) Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2018 - 2031F |
6.2.3 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Thermosetting, 2018 - 2031F |
6.3 United Arab Emirates (UAE) Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2018 - 2031F |
6.3.3 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Construction, 2018 - 2031F |
6.3.4 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Medical, 2018 - 2031F |
6.3.5 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2018 - 2031F |
6.3.6 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Textiles, 2018 - 2031F |
6.3.7 United Arab Emirates (UAE) Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2018 - 2031F |
7 United Arab Emirates (UAE) Acrylic Resins Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Acrylic Resins Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Acrylic Resins Market Imports from Major Countries |
8 United Arab Emirates (UAE) Acrylic Resins Market Key Performance Indicators |
9 United Arab Emirates (UAE) Acrylic Resins Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United Arab Emirates (UAE) Acrylic Resins Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |