The paints and coatings industry has witnessed robust growth across the globe, especially in South Asia and East Asia, due to increasing industrial and construction activities. The governments of developing countries such as China and India are also investing in improving infrastructure, which is a major factor driving the demand for paints and coatings, resulting in increasing demand for acrylic acid from the paints and coating industry. In addition, the use of acrylic acid for coatings in textiles is propelling demand for acrylic acid in the textile industry.

Global manufacturers of acrylic acid and its derivatives are entering into long-term supply contracts with major end users, such as PMMA manufacturers, paints and coatings industries, and adhesives manufacturers. Manufacturers are also entering into direct supply contracts with end users, such as electronics manufacturers, major construction companies, and automotive OEMs, which result in creating a positive impact on the acrylic acid market. Manufacturers are also entering into partnerships with local distributors, especially in the developing countries of Asia-Pacific, which are solely dependent on the import of these chemicals.

Additional details are available at www.persistencemarketresearch.com.