Product Code: ETC5833490 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Angola Acrylic Resins Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 2.69% in 2025 and reaches 5.58% by 2029.
The Acrylic Resins market in Angola is projected to grow at a stable growth rate of 4.39% 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 acrylic resins market in Angola is expanding, supported by the growing demand for paints, coatings, adhesives, and sealants. Acrylic resins offer desirable properties such as durability, UV resistance, and aesthetic appeal, making them popular in construction, automotive, and packaging industries. The market faces challenges like fluctuating raw material prices and environmental concerns related to resin production and disposal.
The Angola acrylic resins market is driven by the growing demand for high-performance coatings and adhesives in the construction and automotive industries. The increasing use of acrylic resins in paints, sealants, and elastomers due to their excellent weather resistance and durability is also boosting the market. Additionally, the rising investments in infrastructure development and renovation projects are contributing to market growth.
The acrylic resins market in Angola is confronted with several challenges. High production costs and dependence on imported raw materials drive up prices, making acrylic resins expensive for local manufacturers. There is also a lack of technical expertise and infrastructure for the production and processing of acrylic resins. Additionally, competition from cheaper, alternative materials limits the market potential. Regulatory issues and environmental concerns related to the production and disposal of acrylic resins further complicate the market landscape. Economic instability and fluctuating demand in various end-use industries also pose significant challenges.
The government has encouraged the growth of the acrylic resins market through industrial development policies that provide tax breaks and subsidies to manufacturers. Additionally, import tariffs on raw materials for resin production have been lowered to support local production and reduce dependency on imports.
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 Angola Acrylic Resins Market Overview |
3.1 Angola Country Macro Economic Indicators |
3.2 Angola Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Angola Acrylic Resins Market - Industry Life Cycle |
3.4 Angola Acrylic Resins Market - Porter's Five Forces |
3.5 Angola Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Angola Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Angola Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Angola Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Angola Acrylic Resins Market Trends |
6 Angola Acrylic Resins Market Segmentations |
6.1 Angola Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Angola Acrylic Resins Market Revenues & Volume, By Methacrylates, 2021-2031F |
6.1.3 Angola Acrylic Resins Market Revenues & Volume, By Acrylates, 2021-2031F |
6.1.4 Angola Acrylic Resins Market Revenues & Volume, By Hybrids, 2021-2031F |
6.2 Angola Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Angola Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2.3 Angola Acrylic Resins Market Revenues & Volume, By Thermosetting, 2021-2031F |
6.3 Angola Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Angola Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.3.3 Angola Acrylic Resins Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Angola Acrylic Resins Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 Angola Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.3.6 Angola Acrylic Resins Market Revenues & Volume, By Textiles, 2021-2031F |
6.3.7 Angola Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2021-2031F |
7 Angola Acrylic Resins Market Import-Export Trade Statistics |
7.1 Angola Acrylic Resins Market Export to Major Countries |
7.2 Angola Acrylic Resins Market Imports from Major Countries |
8 Angola Acrylic Resins Market Key Performance Indicators |
9 Angola Acrylic Resins Market - Opportunity Assessment |
9.1 Angola Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Angola Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Angola Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Angola Acrylic Resins Market - Competitive Landscape |
10.1 Angola Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Angola Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |