Allied Market Research

2024

Acrylate Market

Acrylate Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Bulk Chemicals

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Author's: | Eswara Prasad
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Acrylate Market Analysis

Acrylate comprises acrylate monomer, which is an ester containing vinyl groups. These esters are framed by the reaction of acrylic corrosive with alcohol. Acrylate incorporate ethyl acrylate, butyl acrylate, ethyl hexyl acrylate, and methyl acrylate. Butyl acrylate is used to provide features, for instance, color, strength, heat resistance, and low-temperature adaptability to a scope of polymers. Acrylate plays an important role in the production of paints, plastics, floor polishes, adhesives, and coatings.

In terms of application, the market is segmented into plastics, paints and coating, adhesives and sealants, and others. In view of the end-client, the market is categorized into packaging, building and construction, consumer goods, automotive, and others.

COVID-19 Impact analysis

  • The COVID-19 pandemic is causing far and wide concern and monetary problem for various organizations, and consumers across the globe. Acrylate industry has seen a consistent interest over the couple of years attributed to the presence of various surfactants and assorted end-use applications.
  • However, the acrylate industry is potentially hit hard by global pandemic on numerous fronts such as decline in demand and productivity, operational and supply chain disruptions, and lockdowns in key regions. Asia-Pacific, one of the leading producers and consumers of acrylate globally, is the most affected region. Due to complete shutdown in various countries across Asia-Pacific region, the demand for acrylate materials has witnessed a drop in the first quarter of 2020.
  • The significant manufacturers in the acrylate market include Arkema Group, BASF SE, Evonik Industries, LG Chem., SIBUR, The DOW Chemical Company, and Sasol Limited among others. These key players have taken preventive measures to defend their laborers and have closed down their production facilities according to the local standards. The significant end-use ventures such as automobile, construction, and packaging have seen a sluggish growth.

Top Impacting Factors

The developing use of acrylate in the spray coating industry and growing order from the packaging industry are relied upon to drive the acrylate market over the anticipated years. Besides, the popularity for modification of framework activities and rising disposable earnings are anticipated to boost the market in the coming years. Moreover, development in the automobiles business and more popularity for the item for a water-based emulsion are expected to fuel the market development during the estimated period. Moreover, the arising commercialization of bio-based acrylic corrosive create an opportunity for the market.

The bio-based acrylic acid is utilized as a crude material for the creation of paints and coatings, because of the quickly expanding pressure from consumer and administrative specialists, to diminish the natural effect brought about by the expanding utilization of engineered items. In addition, expanding interest for bio-based superabsorbent polymers and rising interest for bio-based polymer in medical care applications is additionally liable to drive the interest for bio-based acrylic corrosive.

It is incredibly poisonous in nature, and exposure to these substances can cause sluggishness, queasiness, headache, and can harm in the long run.

Market Trends

  • Asia-Pacific region is expected to contribute to a significant share in the global acrylate market owing to growing auto, furnishings, metal, paints and coatings industries in the region, for instance, China and India, which thus raise the interest for Methyl Acrylate from the end-use industry. Be that as it may, slow development in the automobile area in areas like North America and Western Europe prompts the moderate development of Methyl Acrylate in these regions.
  • The interest for methyl acrylate is required to ease off in Japan in view of earlier workplaces that experience been going up against trouble due to planned and unplanned shut-downs, which cause a change in the supply of the products and items. However, the Middle East and Africa region is needed to create a basic infrastructure in the coming year, because of the rising development activities.
  • The key trend being seen in the acrylates market is the developing consumer inclination for acrylic-based (water-based) emulsions over oil-based items. This shift is principally credited to the benefits of these items including short drying time, coloring speed, protection from wear and water. Likewise, water-based paints are solid, stable in adverse conditions, and without unpredictable natural mixtures (VOCs), which offer incentives for their application in inside and outside wall coatings.

Key Benefits of the Report

  • This study presents the analytical depiction of the acrylate industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Acrylate market share.
  • The current market is quantitatively analyzed to highlight the Acrylate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Acrylate Market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the acrylate market Report

  • Who are the leading market players active in the Acrylate market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Acrylate Market Report Highlights

Aspects Details
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By Type
  • Butyl Acrylate
  • Ethyl Acrylate
  • Methyl Acrylate
  • Others
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By Application
  • Painting & coating
  • Plastic manufacturing
  • Adhesives
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Evonik Industries, SIBUR, Mitsubishi Chemical Corporation, Arkema Group, BASF SE, Nippon Shokubai Co., Ltd., Sasol Limited, The DOW Chemical Company, Formosa Plastics Corporation, LG Chem.

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Acrylate Market

Global Opportunity Analysis and Industry Forecast, 2023-2032